SILVER ANALYSIS: Silver Coiling Below Key SupplySilverOANDA:XAGUSDRaphelTradersGoldTechnical Analysis Silver is currently trading inside a compression structure after experiencing a strong bearish impulse from the previous swing high. The market rejected the major supply zone around 90–91, which triggered a sharp sell-off and pushed price back into a corrective phase. Since then, price has been forming a series of higher lows from the demand area near 81–82, indicating that buyers are gradually stepping back into the market. On the H1 timeframe, price is now moving inside a converging structure between a descending trendline and rising support, suggesting that volatility is compressing and a larger move could soon follow. The repeated reaction from the demand zone shows that this area is currently acting as a liquidity base where buyers are attempting to accumulate positions. If silver manages to break above the descending trendline and hold above the 83.5–84.0 structure, the market could confirm a bullish breakout. In that scenario, a breakout and retest of this level may open the path toward the next major supply zone around 89–91, which aligns with the previous distribution area. However, the bullish scenario will only remain valid as long as price holds above the demand structure. If the breakout fails, silver could perform a liquidity sweep below the demand zone around 81–82, or even revisit the deeper support near 78–79 before attempting another bullish expansion. Macro Perspective From a macro standpoint, precious metals remain sensitive to U.S. dollar movements, interest rate expectations, and risk sentiment in global markets. Any shift in expectations regarding Federal Reserve policy or unexpected economic data could increase volatility in silver. Additionally, ongoing geopolitical tensions and concerns about global economic stability continue to support long-term demand for safe-haven assets. Outlook In the short term, silver is likely entering a decision phase. A confirmed breakout above the descending resistance could trigger bullish momentum toward higher supply levels. Otherwise, the market may first move lower to sweep liquidity before establishing the next directional trend.