FX.co ★ XAG/USD, SILVER

Silver H4: Buyers Defending a Key Support Zone Silver on the H4 timeframe is showing an interesting setup after a sharp corrective move from the recent highs above 70.00. The price has fallen toward the 63.00–64.00 area, where buyers have started to regain control. The latest candles suggest that selling pressure is losing momentum, while the market is attempting to build a recovery from this lower zone. The most important feature on the chart is the reaction around the 200-period moving average. This longer-term dynamic support is currently positioned near 63.00, and price respected this area before producing a noticeable rebound. That reaction indicates that buyers are still willing to defend lower levels. At the same time, the 100-period moving average is sitting around 66.00–66.30, making this region an important resistance area for the next move.

The current price near 66.15 is testing this resistance. A clean H4 close above 66.30–66.50 could strengthen the bullish recovery and open the door toward 67.50, followed by 68.30. If momentum continues, the previous highs around 69.50–70.00 could eventually become relevant again. However, traders should not treat the current rebound as a confirmed trend reversal yet. If price fails to break the 66.30–66.50 resistance and falls back below 64.80, another retest of 63.00 could develop. Holding above the 200-period moving average would remain important for maintaining the broader bullish structure. For me, the key point is simple: Silver has reacted strongly from major support, and the current recovery is worth watching closely. A confirmed breakout above the nearby moving-average resistance would provide stronger evidence that buyers are preparing for another upward leg. Until that happens, patience and confirmation remain more important than chasing the move.