Usman Salis
⬤ Silver has been holding steady after its recent climb, with XAGUSD consolidating near previous highs while keeping its bullish structure intact. The H2 chart shows a continuation setup backed by clear structural progression. Silver is currently trading around $94.40–$94.50, following a steady rally from the low $80s, and price is holding comfortably above the major demand zone identified earlier in the move.
⬤ The price action shows a clean pattern of higher highs and higher lows, confirming that buyers remain in control. Multiple structure breaks are visible during the advance from below $85, followed by a steady climb along an upward trendline. There's a well-defined Fair Value Gap combined with a Point of Interest near $91.60, lining up with prior structure and serving as the main reaction zone if price dips before pushing higher.
⬤ The current consolidation looks corrective rather than distributive. Price is pausing just below $95.00, which matches the first upside projection on the chart. The highlighted target zone extends toward $99.00–$100.00, showing the broader continuation path while leaving room for interim pullbacks. Importantly, the higher-timeframe demand zone remains protected, and there are no visible signs of structural breakdown or trend reversal.
⬤ This matters for the broader precious metals market because sustained strength in silver often reflects steady risk appetite and ongoing demand tied to both industrial use and macro positioning. Holding above key structural and demand areas while consolidating near recent highs can influence short-term volatility and direction across related markets. How XAG reacts around the highlighted continuation zones may help shape near-term momentum while keeping the prevailing uptrend in place.
Usman Salis
