FX.co ★ XAG/USD, SILVER
Trader Journals:::
XAG/USD, SILVER
Silver Price Analysis As on 12/09/2026 Silver Visible Price Structure: From 19 Aug to 24 Aug we see uptrend — blue candles making higher highs, trading above blue SMA-50. Price consolidates around 69.34 - 70.08. On 27-28 Aug we see the most aggressive move in the whole chart: long green bullish candles pushing to the absolute high of the chart, wick touching near 71.399. Immediately after that, you see a massive red bearish displacement candle on 28 Aug 13:00 with almost no wick — price collapses from ∼70.80 to 65.00 in one H4 candle. This is the key BOS - Break of Structure that you can see with naked eye. Before this candle, structure was bullish above SMA-50. After this candle, structure is bearish and price stays below SMA-50 until 9 Sep. From 28 Aug to 2 Sep, we see consistent lower lows and lower highs — downtrend visible. Price falls to 62.78 - 63.00 low on 1-2 Sep. You can see small blue and red indecisive candles at the bottom, with long wicks below 63.00 — this is sell-side liquidity sweep visible in original chart. Stops below the low are taken. From 2 Sep to 9 Sep, we see gradual bullish recovery price makes higher lows from 62.78 to 66.50, retesting blue SMA-50 line that is sloping down. On 9 Sep 13:00 you see strong green candles breaking above SMA-50 briefly to 67.80-68.20. Then immediate red bearish candle rejecting from that level — this is your Supply Order Block / Bearish Order Block in original chart at 67.389 - 68.00. You can see price wick above 67.389 dashed line and then fail. On 10 Sep 21:00 final part of your H4 chart, price drops from 67.00 to 62.78 again, taking previous low, then you see two strong green bullish candles with long wicks below closing at 64.45 above orange SMA-200. This is MSS / CHoCH - Market Structure Shift visible in original — the downtrend that started 28 Aug is being broken by bullish displacement at the Demand Zone. Order Blocks in Your Original H4: Supply OB: At top 70.08-70.80 area — the last green bullish candle before that huge red drop on 28 Aug. In your original chart you can see 3 green candles before the drop — that cluster is bearish Order Block. Demand OB: At bottom 62.50-63.00 area — last red bearish candle before bullish green impulse on 2 Sep 05:00 and again on 10 Sep 21:00. Your original chart shows at 2 Sep, red candle followed by blue and green bullish engulfing — that is bullish Demand OB. FVG in Your Original H4: Look at 28 Aug drop — between 67.88 and 65.70 there is a gap where price fell without trading much — only one small candle in between. That empty space is Fair Value Gap / Imbalance. Also between 63.00 and 64.96 on the way up 2-3 Sep you can see another FVG — price jumped without retest. Liquidity in Your Original H4: BSL - Buy-side Liquidity: Two obvious pools — 71.399 top high on 28 Aug, and 67.389 second high on 9 Sep. Both have dashed teal lines in your original chart at 71.399 and 67.389. SSL - Sell-side Liquidity: Dashed teal line at 63.501 at bottom, with wicks below it on 1 Sep and 10 Sep — clear sell-side liquidity taken. SMA Behavior in Original: Blue line is SMA-50 — price was above it before 28 Aug, then below it from 28 Aug to 9 Sep confirming bearish BOS, then price is trying to reclaim it now. Orange line is SMA-200 — trending up slowly, acting as support at 64.450 current level in your original H4. Price bounced exactly from it.