Silver Downtrend Meets Strong Demand BaseSilver / U.S. DollarFOREXCOM:XAGUSDNexi-MarketHi Guys 👋 Lets look at the Silver Chart 👀 📌 By analyzing the silver chart on the daily timeframe, a clear downtrend can be observed, which began after the formation of an all-time high around the $121 level for this precious metal. The relatively strong bearish momentum, along with the formation of consecutive lower lows, confirms the strength of this downtrend. 📌 A significant bullish base can be identified in the $48–$54 range. This base has the potential to hold price and generate a bullish reaction over the longer term. 📌 In addition, two key supply zones are marked as illustrated, where bearish reactions from price are expected. 📌 Ultimately, these supply zones are not expected to break the major demand zone and the strong base. Instead, price is likely to move within a gradual, upward-sloping range over time. ⚠️ All published content reflects the analyst’s opinion only and does not constitute any financial or investment advice. Feel Free to share your thought and comments on this post 😊 Sincerely, Hossein Poursaei