Usman Salis
Silver is taking a breather. After pushing to a recent high near 91.20, XAG/USD has slipped into a tight consolidation range, with price action bouncing between 88.80 and 90.00 on the hourly chart. The broader uptrend hasn't broken down — but the short-term picture is decidedly neutral, with bulls and bears in a standoff. This kind of pause is a familiar pattern when markets stop to digest extended moves, as explored in a recent look at silver price momentum pausing after a multi-year surge.
Silver Faces Key Resistance Between 90.45 and 91.20
The 90.45–91.20 zone is the line in the sand for silver right now. Every attempt to push above this area has been met with selling pressure, keeping upside momentum in check. Until buyers can clear that ceiling with conviction, the path of least resistance stays sideways.
On the downside, 88.80 is the first line of defense, with 88.00 acting as the more critical floor. A clean break below 88.00 would signal real structural weakness and open the door to deeper retracement. This kind of setup mirrors what was seen when silver held strong above key support while testing resistance earlier in the move.
RSI Near 50 and Flat Volume Signal a Market in Wait-and-See Mode
The momentum indicators aren't giving much away either. RSI is hovering between 50 and 52 — neutral territory that reflects indecision rather than directional conviction. Volume has stabilized since the sell-off, and Volume Delta shows no clear edge for buyers or sellers. The Point of Control sits near 87.02, marking the core balance zone within the range.
This kind of technical behavior is consistent with what analysts described when XAG/USD was fighting to break above key resistance after a support bounce — a market that needs a catalyst, not just time.
For now, XAG/USD looks like a coiled spring. A sustained push above 91.20 would likely trigger fresh buying momentum and resume the larger uptrend. A drop through 88.00, on the other hand, would shift the short-term bias decisively lower.
Usman Salis
