Silver Intraday Signal: Further Upside Toward 80.00
Analysis:
Silver (XAG/USD) maintains a strong intraday bullish structure while trading above the pivot support at 76.40. Buyers continue to defend this level, opening the path toward 79.10, followed by the extended upside objective at the psychological level of 80.00. Price action remains constructive, supporting continuation of the upward move.
Momentum conditions reinforce the bullish outlook. The RSI calls for a new upleg, signaling renewed buying pressure and increasing the probability of further gains as long as price remains above the pivot. Pullbacks toward 76.40 are expected to remain corrective rather than trend-reversing.
Alternatively, a sustained break below 76.40 would weaken the bullish setup and expose downside levels at 75.40 and 74.65, where sellers may attempt to regain short-term control.
Trade Setup:
Enter: Long above 76.40
Stop-Loss (SL): 75.40
Target A: 79.10
Target B: 80.00
