XAGUSD Coiling Between 58.960 & 60.060 — The Break That DecidesSilverOANDA:XAGUSDProjectSyndicate▪️ XAGUSD H1 SNAPSHOT — EXECUTIVE SUMMARY ▪️ Silver is basing near 59.230, leaning on a shelf that buyers have repeatedly defended. Structure is coiling, with a firm floor beneath price and a stack of supply overhead. ▪️ Primary outlook is neutral-to-constructive — 58.960 is the line in the sand. Defended, it keeps the recovery intact; forfeited, it hands the initiative back to sellers. ▪️ Key resistance zone: 60.060, tagged 6 times and likely to cap the first attempt. Above that sits 60.990 as the extended ceiling. ▪️ Major defense line: 58.960 — a strong level at 32 retests. As long as it caps the downside, dips are for buying, not chasing. ▪️ Primary downside targets if it cracks: 58.040 first, with 57.160 below it, where resting liquidity sits. ▪️ Major liquidity magnet below: 57.160–56.470 — a test here tends to draw a sharp reaction. ▪️ Bullish scenario: A daily close back above 60.060 re-opens the topside toward 60.990. ▪️ KEY LEVELS ▪️ Current Price: 59.230 RESISTANCEs ▪️ 60.990 — ★★ 7.0 Moderate · 10 retests ▪️ 60.060 — ★★★★ 8.1 Very Strong · 6 retests SUPPORTs ▪️ 58.960 — ★★★ 8.0 Strong · 32 retests ▪️ 58.040 — ★★★ 7.7 Strong · 44 retests ▪️ 57.160 — ★★★★ 8.0 Very Strong · 18 retests ▪️ 56.470 — ★ 5.9 Weak · 10 retests ▪️ ProjectSyndicate Levels Desk — Overview of key S/R zones for XAGUSD, NVDA, NQ, ES & GC traders every week. Subscribe to stay up to date with the latest levels.