Silver (XAGUSD) Intraday Signal: Selling Pressure Below 90.00 Resistance
Analysis
Silver on the 1-hour timeframe recently staged a recovery after forming a strong low near the 79.00 demand zone. Following that liquidity sweep, the market created a Change of Character (CHoCH) and started a corrective bullish move that pushed price toward the 89.50–90.50 supply zone.
As price approached this area, bullish momentum began to weaken. The chart clearly shows a weak high forming near the 90.00 level, which signals that buyers are losing strength inside a previously identified supply region. This zone aligns with earlier institutional selling pressure and acts as a major short-term resistance.
Currently, Silver is trading around 87.50, slightly below the resistance region. The consolidation under the supply zone suggests that the recent rally could be a retracement move into liquidity, rather than a continuation of a strong bullish trend.
If the market fails to break above 90.00, selling pressure may return. The first downside objective lies near 84.00, which represents the closest demand area and previous structure support. A deeper bearish continuation could push price toward the 79.00 strong demand zone, where buyers previously entered the market.
As long as Silver remains below 90.00, the intraday bias remains bearish.
Trade Setup
Enter: Sell below 87.20
Stop-Loss (SL): 90.40
Target A: 84.00
Target B: 79.00
