SILVER (XAGUSD) - SYMMETRICAL TRIANGLE | CRITICAL ZONE AHEAD

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#XAG/USD# SILVER (XAGUSD) - SYMMETRICAL TRIANGLE | CRITICAL ZONE AHEAD

Silver continues to trade inside a symmetrical triangle pattern on the daily chart, with lower highs meeting higher lows. Price is approaching the convergence zone, where the next decisive move could set the direction.

📍 Current Price: $60.82

📈 Bullish Scenario

Breakout Trigger: Sustained move above the descending trendline.

🎯 Major Target: $71.50

🚀 Next Resistance Zone: $75–79

📉 Bearish Scenario

Breakdown Trigger: Below $54.79

🎯 Downside Zone: $48–46

🔑 Key Levels

Immediate Resistance: $63–64

Major Supply Zone: $69–71.50

Major Demand Zone: $55–59

Critical Support: $54.79

The Bigger Picture: Silver is compressing between descending resistance and ascending support. A confirmed breakout could open the way toward the supply zone, while a breakdown below major demand would weaken the structure.

I’m watching the price action closely rather than assuming the direction in advance.

Personal technical analysis for educational purposes only. Not a recommendation to trade.

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