Silver (XAG/USD) Intraday Signal: Bearish Below 79.00
Analysis
Silver has completed a distribution phase after forming a strong high near 83.00, followed by a clear CHoCH and breakdown, confirming a shift from bullish to bearish order flow. The recent move into the 75.00 demand zone triggered a reaction, but the bounce is corrective and lacks structural strength.
Price is currently retracing into a minor supply zone around 79.00–80.00, which aligns with previous breakdown levels and internal liquidity. The structure shows lower highs forming, indicating that sellers are still in control and using pullbacks to re-enter positions.
As long as price remains below this supply region, the probability favors a continuation toward the downside, targeting the previously tested liquidity near 75.00 and potentially deeper into 72.00.
Trade Setup
Enter: Sell below 78.80
Stop-Loss (SL): 80.50
Target A: 75.50
Target B: 72.80