Technical Analysis: Silver (XAG/USD) - Daily (1D) TimeframeSilverOANDA:XAGUSDHammCryptoSILVER XAGUSD Silver is currently trading at $61.13850 on the daily timeframe, maintaining a macro-corrective posture after peaking close to the $120 level earlier in the year. The market structure is systematically bearish in the medium term, respecting a dominant descending trendline that connects a series of lower highs. Key Technical Elements Macro Descending Resistance: A clean, multi-month blue trendline anchors the bearish trend. Until this structural boundary is broken on high volume, sellers remain in control of the broader momentum. Immediate Overhead Resistance: A strong horizontal supply block is mapped out around the $70.00 psychological level, which previously acted as structural support before being broken to the downside. Key 1D Support Block: A significant demand zone is established around the $50.00 region. This serves as a primary structural target for the current leg down. Liquidity Area: Positioned just beneath the daily support block, this area marks a pool of sell-side liquidity where early buyers' stop-losses and breakout sellers' sell-stop orders reside. Anticipated Price Action & Projection The path outlined by the white trajectory lines on the chart projects a classic liquidity-hunting, institutional accumulation model: 1. The Preliminary Drop to 1D Support The price is expected to decline toward the daily demand zone at $50.00, prompting a minor, short-term technical bounce as retail buyers attempt to defend the horizontal support. 2. The Liquidity Sweep (Stop-Hunt) Following a brief relief rally, the market is projected to flush aggressively below the support block into the "liquidity Area." This stop-hunt is engineered to neutralize retail long positions and capture deep discount pricing for institutional accumulation. 3. The Breakout & Structure Shift Once the liquidity is swept, a violent V-shaped reversal is expected to push the asset back up, breaking cleanly through the dominant descending blue trendline and rallying toward the horizontal resistance at $70.00. 4. Retest and Macro Expansion After encountering selling pressure at $70.00, a corrective pullback will likely occur to retest the broken trendline or newly formed daily support. A successful hold here will confirm a structural shift from bearish to bullish, paving the way for a massive macro expansion targeting a return to the $120.00 psychological peak. Conclusion The daily chart for XAG/USD suggests a bearish continuation in the short term toward the $50.00 handle, but the ultimate objective appears to be a deep liquidity grab before a major macro reversal. Patience is required to wait for the sweep of the liquidity area and a subsequent daily close back above the trendline to confirm the start of a high-probability macro long position. XAUUSD