#Silver *Silver Tests Key Resistance as XAGUSD Holds Above Support*
Silver is holding steady against the U.S. Dollar on the 45-minute chart, trading at 88.07250, up 0.65% on the day. After a sharp move higher earlier, price has entered a consolidation phase between two key levels.
*The Range in Play*
Price is currently moving inside a defined range marked on the chart. The upper boundary sits around 88.45, which has acted as resistance twice in recent sessions. On the downside, 87.25529 is providing support, with buyers stepping in each time price dips there.
This structure has formed a tightening pattern, with higher lows near 87.25 and price now pressing against the descending trendline from the recent high. A breakout from this range is likely to set the next directional move.
*Key Levels to Watch*
- *Resistance*: 88.44798 is the immediate hurdle. A clean break above opens the path toward 90.72161, the next major resistance level.
- *Support*: 87.25529 is holding for now. A breakdown below could send price toward 86.13831 and 85.71461.
- *Major Support*: Further down, 82.45796 stands as a strong support zone if selling pressure accelerates.
*What’s Next*
At 88.07, Silver is sitting just below resistance. If buyers push price above 88.45 with volume, momentum could extend toward 90.72. If sellers defend the level, a pullback to 87.25 is likely, and a break there would shift bias back to the downside.
For now, the market is waiting for confirmation. Traders are watching this range closely, as a decisive break either way could trigger the next significant move in XAGUSD.