$XAG At the macro ceiling: bearish rotation toward $70
Silver is currently trading inside a massive Broadening Formation — one of the most explosive technical patterns in the market. The macro ceiling sits firmly at $90, while the floor is anchored near $62 after the April liquidity sweep. Price is now hovering around $76 after getting rejected for the second time at the $88 zone.
This is textbook range behavior: every rally toward $88–90 gets sold aggressively, and every flush toward the lower end finds buyers. Right now, the path of least resistance is downward rotation back toward the $70–73 area.
The $88–90 zone has become a major supply wall. Bears are clearly in control of the top, and the failure to break and hold above $88 confirms that sellers are still dominant on the higher timeframe. Meanwhile, the $70–79 teal box has been the main battlefield since April.
Key Levels to Watch:
> Bearish Trigger: A clean break and close below $73 opens the door for a liquidity hunt toward the range low at $70, with extension risk down to $67.
> Bullish Invalidation: A strong daily close above $80 would flip the short-term structure and put $88 back in play.
Silver is currently in a “wait and rotate” phase. The broadening pattern suggests we will eventually see a violent move out of this range, but until then, price is likely to keep chopping between these clearly defined boundaries.
The big question for silver traders right now: Is this just a healthy rotation inside the range, or the beginning of a deeper correction?
Drop your bias below 👇
#postontradfi #xag #Silver