(XAGUSD) – Strong Supply Zone Rejection Toward Lower Support

[bonk]

Silver on the 30-minute timeframe is currently trading inside a strong supply zone, where price has repeatedly failed to sustain bullish momentum. After a prolonged range-trading phase, the market attempted an upside breakout but was quickly rejected, signaling seller dominance at higher levels.

Price is now respecting a descending structure, with lower highs forming and momentum shifting to the downside. The highlighted buyer zone is acting as a short-term reaction area; however, if this zone fails to hold, the probability increases for a continuation move toward the marked support levels below.

Key observations:

Clear supply zone rejection at the top

Failed breakout followed by downside continuation

Market transitioning from range to bearish pressure

Next downside targets aligned with previous support zones

As long as price remains below the supply area, the bias stays bearish, and pullbacks toward resistance may offer better risk-to-reward short opportunities.

This is my technical outlook based on structure and zones — what’s your view on Silver from here? Share your thoughts in the comments.

[Nahid Hossen]

Clear rejection shows sellers are still in control here.