Silver (XAGUSD) – HTF Resistance Rejection & Bearish Setup

HTF - D1 View

TVC:SILVER continues to trade within a broader corrective structure, but price is now reacting at a key HTF resistance zone after failing to sustain breakout momentum.

Following the recovery from the recent LL, price formed a gradual bullish structure with a local bearish flag formation developing into HTF descending resistance.

📝 Recent price action shows:

🔻 False LTF breakout (bull trap)
🔻 Evening star rejection on H8
🔻 Failure to sustain above HTF bearish channel resistance
🔻 Rejection near previous LH region

📌 An additional point of confluence is the TVC:GOLDSILVER ratio returning near the same region (~55) that previously aligned with the March rejection and bearish rotation in silver.

While not a standalone signal, it adds intermarket context to the current setup.

📉 Bias: Short-Term Bearish
As long as price remains below HTF descending resistance, the expectation is for a corrective move lower towards:

◘ SR-1 support($81)
◘ Potentially SR-2($72) if bearish momentum expands

The recent breakout failure suggests buyers may be losing control near premium pricing.

⚠️ Invalidation:
A clean breakout and sustained hold above HTF resistance would weaken the bearish outlook and reopen continuation higher.

Bottom line:
The market is not showing strong acceptance above resistance. Failed breakouts at HTF supply zones often become liquidity traps before downside expansion.

View original analysis on TradingView