FX.co ★ XAG/USD, SILVER

Silver H4: Bullish Structure Could Support Another Bounce Silver is currently showing a strong bullish structure on the H4 chart after a powerful recovery from the lower levels. Price is trading around 68.74 and has managed to stay well above both the 100-period and 200-period moving averages. This is an important sign that the broader momentum remains positive and buyers are still controlling the market. The recent move from the 63.00 area toward 69.00 was quite aggressive, so the current sideways movement near 68.50–69.00 can be viewed as a healthy consolidation rather than an immediate reversal. Instead of selling heavily after the strong rally, the market appears to be building a base before deciding its next direction. The 68.50 area is particularly important in the short term. If buyers continue defending this zone and H4 candles maintain their position above it, Silver could attempt another push toward the recent highs around 69.00–69.10. A clean H4 breakout above that resistance would strengthen the bullish setup and could open the way toward 70.40, followed by the 72.20 region.

On the downside, I would watch 67.00–66.80 as an important support area. A controlled pullback into this zone followed by a bullish reaction could provide a better opportunity for another upward move. The rising 100-period moving average also adds strength to the underlying structure. For me, the key point is that Silver has not yet broken its bullish H4 structure. As long as price remains above the major moving averages and buyers protect the nearby support zones, the probability of another bounce remains attractive. However, confirmation is still important because repeated rejection around 69.00 could lead to a deeper correction. Overall, I remain cautiously bullish on Silver H4. A successful break above 69.10 would be the clearest signal that the next leg higher is starting.