XAGUSDSilverOANDA:XAGUSDDharejaSilver is currently trading at a critical long-term support zone after an extended bearish trend. The chart shows that price has been respecting a descending trendline from the January highs, creating a series of lower highs that confirms sellers have remained in control throughout the correction. One of the most important observations is that price has now reached the lower boundary of the long-term structure around $56–57, which has acted as support multiple times in the past. This area is highlighted by repeated reactions, suggesting institutional buying interest could emerge again. The recent decline appears to be losing momentum as selling pressure weakens near this historical demand zone. If buyers defend this level, Silver could begin a relief rally toward the descending resistance trendline. The first upside objective lies around $73–74, representing approximately a 25% upside move from current levels. A successful breakout above the descending trendline would invalidate the current bearish structure and potentially open the door for a much larger bullish continuation. However, traders should remain cautious. A confirmed daily close below $55.5 would invalidate the bullish rebound scenario and could trigger another wave of selling toward lower support levels. Waiting for bullish confirmation—such as strong rejection candles, increased buying volume, or a break of short-term resistance—would provide higher-probability entries. Key Technical Levels Support: $56.0 – $57.0 Invalidation: Daily close below $55.5 Immediate Resistance: $63–65 Major Resistance / Target: $73–74 Trend: Long-term bearish correction, short-term bullish reversal setup developing Overall, Silver is approaching a decisive technical inflection point. The confluence of long-term horizontal support and the lower boundary of the bearish structure makes this one of the most important areas to monitor. Whether buyers successfully defend this zone or sellers force a breakdown will likely determine the next major directional move.