XAG/USD (Silver) Technical Analysis XAG/USD SpotFX:XAGUSDMarketStrategysignals🥈 XAG/USD (Silver) Technical Analysis 📈 | 2H Timeframe 🔍 Market Overview Silver remains in a short-term bullish recovery after forming a strong base around the 55.50 support. Price has broken above the recent Break of Structure (BOS) near 61.80, confirming improving momentum. However, buyers are approaching a key decision area where a pullback could occur before the next leg higher. 📊 Technical Outlook ✅ Bullish Scenario Price is trading above the ascending trendline, keeping the bullish structure intact. A retracement into the 59.20–59.60 demand zone could provide fresh buying interest. If buyers defend this area, the next upside target is the 66.00–66.80 Order Block. A breakout above the order block could open the path toward the 71.00 resistance. ⚠️ Bearish Scenario Failure to hold the 59.20 support zone would weaken the current bullish structure. A break below the rising trendline could trigger a deeper correction toward 57.00, with 55.50 acting as the major support. 🎯 Key Levels 🟢 Support: 59.20–59.60 🟢 Major Support: 55.50 🔵 Current BOS: 61.80 🔴 Order Block: 66.00–66.80 🚀 Major Resistance: 71.00 📌 Trading Bias 📈 Moderately Bullish As long as price remains above the ascending trendline and the 59.20 demand zone, the probability favors a continuation toward the 66.00 order block. A healthy pullback followed by bullish confirmation would offer a stronger continuation setup than chasing price at current levels.