Usman Salis
Silver is holding near $81 after a brief bounce that ran into the same overhead resistance that has been weighing on XAG/USD for weeks. According to Forex Sinyal Merkezi, the rally moved price into the $80.50-$81.10 range, but momentum has since faded, leaving the market in a tight consolidation just below a descending trendline. At this stage, the chart looks more like a corrective pause than the start of a new uptrend.
Resistance Cluster at $81.15-$83.56 Keeps Bulls in Check
The descending trendline continues to act as the dominant overhead structure, capping every attempt to extend higher. Immediate resistance sits at $81.15, followed by $82.30 and $83.56. Below, support levels are stacked at $80.70, $79.70, and $78.54. The Silver Struggles Near $77.90 Support as Bears Keep Control Below $81.40 Resistance setup offers a useful comparison - rebounds in that environment also stalled well short of meaningful recovery targets, a pattern that continues to define XAG/USD price action.
Volume Profile places the point of control at $84.52, marking a significant liquidity zone that remains far above current price. That gap between current trading levels and the POC suggests the market has not yet attracted the kind of buying pressure needed to shift the broader structure. A similar dynamic was noted in Silver Price Analysis: Consolidation Forms Near 88-89 Resistance After Rebound From 84, where price repeatedly stalled beneath overhead resistance without generating enough follow-through volume.
RSI and Parabolic SAR Signal Weak Recovery, Not a Trend Shift
Indicator readings support a cautious outlook. RSI is stabilizing around neutral, reflecting a recovery in price rather than a genuine expansion of upside momentum. Volume Delta remains flat, pointing to indecision rather than accumulation. Bollinger Bands place XAG/USD near the middle band, consistent with consolidation rather than a directional move. Parabolic SAR continues to signal a weak downtrend. The broader setup mirrors what was observed in Silver Slips Below Key Averages as XAG/USD Hits 3-Month Technical Inflection, where failure to reclaim key levels kept sustained selling pressure in place.
With the US dollar and industrial demand still acting as external variables, silver's near-term direction hinges on whether buyers can push through the descending trendline or whether the corrective range simply continues to hold.
Usman Salis
