Silver stayed under pressure in the latest session, with XAG/USD quoted at $78.352, down $0.162 or 0.21% on the day. The metal climbed to $78.528 during the session, then slipped back to $78.263 before recovering part of the loss later in the day.
Analysts flag the $80.19-$80.36 zone as a key barrier
Market analysts UGO and The Big Steppers identified the $80.20 to $80.34 area as a zone where selling pressure could intensify. A separate technical chart pointed to a very similar sell range at $80.19 to $80.36. Price action failed to test the upper edge of that band and then drifted toward $78.98, a pattern that analysts read as a sign that sellers still control the market.
On the downside, another support region was placed between $78.92 and $78.96, while daily chart analysis showed the first major support at $78.26. Recent charts also show limited upward momentum into resistance and repeated tests of support instead. Analysts said selling tends to become more aggressive once the blue-marked support areas give way. They also stressed that silver needs to stay above the $78 level to avoid the risk of a deeper pullback.
AMForex sees a support retest, not a fresh rally
AMForex said current price behavior looks more like a retest of a previous support line than the start of a new uptrend. In its view, the market is still checking whether support can hold, and a firm recovery signal has not appeared yet.
In its latest note, AMForex wrote: “Although the price is in a retesting phase, it has not given a definite reversal signal. No trades are recommended without clear confirmation.” That stance keeps bullish positioning on a tight leash, with stability still missing from the broader setup.
Technical indicators are mixed as silver stays below recovery levels
Momentum signals are not aligned. MACD data showed a mildly positive shift, with the MACD line at 0.033, the signal line at 0.042, and the histogram at 0.010. That combination suggests selling pressure may be easing and a partial rebound could be forming. Even so, analysis shared on X indicated that silver remains below the important $79.80 to $80.30 range.
On the chart, the first key resistance is seen at $79.00, followed by a stronger resistance band between $80.00 and $80.36. Volatility is still present, and the market has not produced enough evidence to confirm a clear directional shift. For buyers, reclaiming and holding those resistance levels remains the main hurdle.