Silver Intraday Signal: Expect 80.30
Analysis:
Silver (XAG/USD) maintains a constructive intraday structure while holding above the pivot support at 77.40. Price stabilization above this level reinforces the bullish bias and opens the path toward 79.30, followed by the extended objective at 80.30. The technical structure favors continuation as long as buyers defend the pivot zone.
Momentum conditions are improving. The RSI has just landed on its neutrality area at 50% and is turning up, signaling renewed upward momentum and increasing the probability of a fresh bullish leg. This shift suggests that downside attempts may remain limited while price holds above support.
Alternatively, a sustained break below 77.40 would weaken the bullish scenario and expose lower support levels at 76.40 and 75.40, where selling pressure could intensify.
Trade Setup:
Enter: Long above 77.40
Stop-Loss (SL): 76.40
Target A: 79.30
Target B: 80.30
