Silver Price Analysis: Bear Flags Stack Up as XAG Eyes $65-64 Support

Silver (XAG) is trading beneath a tightly clustered resistance zone as bearish continuation patterns multiply across intraday and higher timeframes. The metal has repeatedly failed to sustain upside momentum, reinforcing a technically vulnerable structure.

Multiple overlapping resistance layers are compressing price action, limiting recovery attempts and increasing the probability of renewed downside pressure. Unless bulls reclaim key trend barriers, the broader structure favors continuation toward deeper support levels.

Key Technical Signals

Multi-Layered Resistance Structure

Current price action reveals what traders describe as “bear flags stacking up” across timeframes. Silver remains pinned beneath:

• The primary descending trendline
• Former support that has flipped into resistance
• The upper boundary of a well-defined intraday descending channel

Together, these barriers form a reinforced technical ceiling. Each rally into this cluster has triggered renewed selling, preserving the integrity of the broader bearish channel.

Repeated Rejections and Weak Momentum

Recent sessions continue to produce lower highs, signaling persistent supply dominance. After a sharp decline, silver attempted to stabilize within the descending channel, but every push into resistance zones has attracted aggressive sellers.

The volume profile reflects heavier distribution near resistance, while momentum indicators such as RSI and MACD remain subdued, offering no confirmed bullish divergence.

Silver recently pulled back after rejection near 88 as classic supply responses emerged at prior rally levels. This setup echoes a previous move when silver crashed over 10% following an extended 80% rally that triggered a textbook supply reaction.

Support Levels in Focus

More recently, silver has been consolidating after a 1.20 liquidity sweep, with the $80 zone previously acting as a key technical reference point.

Attention now shifts to the $65-64 support band. This region represents a major structural floor within the broader bearish channel. A decisive breakdown below this zone could accelerate downside continuation and trigger stop-driven volatility.

Why This Matters

Stacked resistance, repeated rejection patterns, and weak momentum signals suggest sellers remain structurally in control. Until silver decisively reclaims the resistance cluster with expanding volume, rallies may continue to face pressure.

A confirmed break beneath $65-64 would validate continuation of the descending channel and reinforce the broader bearish bias.

Outlook for XAG

In the near term, silver remains technically fragile. The path of least resistance continues to point lower while price stays capped beneath layered resistance and descending channel structure.

Traders should closely monitor:

• The stability of the $65-64 support zone
• Any high-volume breakout above resistance
• Expansion in directional volume

Unless resistance is reclaimed, the prevailing structure favors continued downside pressure in XAG.

Source: Twitter Post by DeepValue Signals