LONG TERM AND MEDIUM TERM BIAS FOR SILVER

1. Key Levels Marked

Red Zone (Resistance / Supply Zone ~39.00 – 38.70):

Price has tested this zone multiple times but struggled to break above.

This shows strong selling pressure or profit-taking around here.


Blue Zones (Demand / Support Zones):

36.00 – 36.50: First strong demand block. This is where buyers previously defended and pushed price up.

34.00 – 34.50: Next accumulation/support zone. If price breaks below 36, this is the next strong liquidity area.

32.90 – 33.00: Deeper structural support, where strong rallies originated.

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2. Market Structure

Currently, price is range-bound between 37.80 – 39.20.

The trend is upward on higher timeframes, but Silver is consolidating near resistance.

Multiple liquidity sweeps happened around 39.10 (fake breakouts that reversed down), showing that big players are selling into buying pressure.

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3. Volume Context

Volume spikes are visible around upward pushes, but recent moves into 39 zone are with lower conviction → possible distribution phase before a pullback.

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4. Possible Scenarios

Bearish Case (More Likely in Short-Term):

If price keeps rejecting the 39.10 resistance, expect a pullback first to 36.50 zone.

A clean break of 36.00 could send price down toward 34.60 support.


Bullish Case (If Resistance Breaks):

If Silver breaks and closes above 39.20 with strong volume, next rally target could be 40.50 – 41.00.

This would invalidate near-term shorts and signal trend continuation.

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5. Trading Bias

Short-term: Bearish (sell from resistance, target 36.50).

Medium-term: Neutral to bullish as long as 34.00 holds.

Key Invalidations: A daily close above 39.20 kills the bearish short-term setup.

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✅ Summary:
Silver (XAGUSD) is consolidating below a heavy resistance (39.10). Until that zone breaks, bias favors short setups targeting 36.50 and possibly 34.60. A confirmed breakout above 39.20 would flip bias back to bullish toward 41.