Saad Ullah
⬤Silver is showing early signs of stabilization after a stretch of downside pressure. The latest daily session printed a hammer candlestick, a pattern that typically points to buyers stepping in to reject lower prices intraday. That kind of demand signal can mark the start of a short-term pivot, but the support level it formed on looks thin. Without a follow-through close, the move stays unconfirmed and the broader bias stays bearish.
⬤The bigger picture in silver still leans in favor of sellers. Price is trading under a descending trendline and below key moving averages, both of which now act as resistance overhead. The bulls have tried and failed before. In Silver stalls near resistance with indecision signals, a similar moment of indecision ended with price staying pinned under key levels, unable to reclaim any meaningful ground.
⬤On the technical side, a confirmed bounce from here could push XAG/USD into a retest of the descending moving averages and the overhead trendline. However, recent history shows rallies tend to run into supply fast. That dynamic played out clearly in Silver price tests key resistance near $90, where short-term recovery attempts stalled before price could establish any real footing above resistance.
⬤This sets up a critical inflection point for silver. Short-term demand is showing up, but it has not yet overpowered the broader weakness. The situation echoes what happened in Silver surges toward $88 amid high volatility, where sharp price swings came and went without locking in a clear directional trend. Until bulls can close above the trendline, the hammer stays just a hint, not a confirmed reversal.
Saad Ullah
