Usman Salis
The silver market continues to demonstrate remarkable resilience, holding its ground above key support levels even as macroeconomic data creates uncertainty across broader markets. With the metal trading steadily above $80, bulls remain in control and have their sights set on higher price zones in the coming sessions.
Silver Market Structure Stays Bullish Above Key Support
Silver's market structure remains decidedly bullish as the price holds firm above crucial support despite the latest batch of macroeconomic data releases. The metal continues trading steadily with buyers maintaining control while price stays comfortably above the $80 region.
The chart shows XAG/USD rebounding from a demand zone near $80 after a brief pullback. This move confirms the strength of support and preserves the bullish outlook. The current price sits around the mid-range, while the projected path suggests continuation higher toward resistance zones near $92 and $102.
The structure reflects higher lows forming after a corrective phase, indicating demand absorption rather than any kind of trend failure. This aligns with the broader bullish momentum described in Silver News: Price Breaks $41, Next Target $44–$47.
Technical Setup Remains Intact Despite Macro Volatility
Market reaction to NFP data has been notably limited, meaning macro volatility hasn't managed to disrupt the underlying trend. The technical setup focuses purely on structure, where maintaining levels above $80 keeps upside targets active and relevant.
"The significance of this move lies in confirmation of trend resilience," according to market analysis. "Instead of reacting to macro headlines, price action follows structural demand zones."
A breakdown below the $80 zone would invalidate the current outlook, but current price behavior shows buyers actively defending the area. Similar technical behavior was observed in Silver Holds Near $32 as Bulls Target Breakout, where support preservation preceded further upside continuation.
What's Next for Silver Prices?
If support continues to hold at current levels, market sentiment remains constructive and momentum clearly favors continuation toward higher resistance levels rather than consolidation. The path of least resistance appears to be higher, with $92 serving as the next significant hurdle and $102 as the extended target if bullish momentum persists.
Bulls are firmly in control as long as price action stays above $80, and the technical structure suggests the uptrend has room to run before facing serious resistance.
Usman Salis
