Silver Forecast: POI Retest Could Trigger a Sharp Decline

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Silver Forecast: POI Retest Could Trigger a Sharp DeclineSilverOANDA:XAGUSDLunadigitalXAGUSD is trading below a significant Point of Interest (POI) near the 59.30–59.70 resistance zone, where sellers are expected to remain active. The current market structure favors a bearish continuation as long as price stays below this supply area. A short-term pullback into the highlighted POI could provide a high-probability selling opportunity before the next downside expansion. If the resistance holds, Silver may continue its decline toward the 54.79 support level. Key Technical Levels * Market Bias: Bearish * Resistance (POI): 59.30–59.70 * Trend: Bearish * Confirmation: Bearish rejection from the POI * Target: 54.79 This analysis is based on price action, market structure, liquidity concepts, and resistance zone analysis. Always wait for confirmation before entering any trade and follow proper risk management. ⸻ Not Financial Advice. This analysis is for educational purposes only. Always do your own research and manage your risk before trading.