XAGUSD 1H — Market Structure Analysis

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XAGUSD 1H — Market Structure AnalysisSilverOANDA:XAGUSDTrade_StrategiesAnalysis: Silver is currently trading around 64.50 after a strong decline from the 67.8 area. Price has since formed a short-term base near the 63.00–63.80 region, where the chart marks a rejection block and recent sell-side liquidity around the BSL. The recent CHoCH/BOS structure suggests a potential shift in short-term order flow. The main area to monitor is the 63.50–63.90 rejection block. If price continues to hold this zone and develops bullish confirmation, the next areas of interest are around 65.70, followed by 67.00–67.10. The larger 70.20–71.10 supply zone remains an important higher-timeframe resistance area. A sustained move into that region could bring renewed selling pressure. Key Levels Rejection Block: 63.50–63.90 Recent BSL: ~63.00 First upside area: ~65.70 Major upside area: ~67.00–67.10 Higher-timeframe supply: 70.20–71.10 Bullish scenario invalidation: sustained acceptance below the recent 63.00 low TradingView-ready Description XAGUSD is developing around a key rejection area following a sharp bearish move. The 63.50–63.90 zone is being monitored for a potential reaction, while the recent market structure provides context for a possible short-term shift in order flow. A sustained reaction from the zone could bring higher liquidity areas into focus, with 65.70 and 67.00–67.10 acting as potential reference levels. The broader 70.20–71.10 supply zone remains a significant resistance area. This analysis is for educational and informational purposes only and is not financial advice. Market conditions can change, so proper risk management is essential. Hashtags: #XAGUSD #Silver #PriceAction #MarketStructure #TechnicalAnalysis #SMC #ICT #TradingEducation