Range holding near 88.30 — rebound toward 91.50, or breakdownSilverOANDA:XAGUSDJaddennSilver is currently trading inside a clearly defined range, with price rotating between a support zone near 85.00–85.50 and a resistance zone around 91.00–91.50. After rejecting the upper boundary near 91.50, price sold off sharply and is now stabilizing around 88.30, a mid-range reference level that previously acted as short-term support/resistance. The broader structure remains range-bound rather than trending, with no confirmed breakout on either side. Current Structure Resistance zone: ~91.00–91.50 Mid-range pivot: ~88.30 Support zone: ~85.00–85.50 Recent downside momentum has slowed, and candles are beginning to compress near 88.30. However, the structure still shows lower highs after the rejection from 91.50, meaning buyers have not yet reclaimed control. Scenarios ➡️ Primary scenario: If 88.30 holds and buyers regain momentum, price may rotate back toward the upper range, with 91.00–91.50 as the next major test. ⚠️ Risk scenario: Failure to hold above 88.30 could expose a move back toward the 85.00–85.50 support zone, keeping the market in range continuation rather than reversal. For now, silver remains rotational. Direction will likely be decided by how price behaves at the range boundaries rather than within the middle of the structure. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always apply proper risk management and trade according to your own plan.