본 리포트 제공 MacroTerms.com

데이터 기준일: 2026-10-08 · 결제 기준: 거래소 최종 일일 결제가

XAG=F Deep Dive | Silver Bullish on Oversold Bounce | 2026-10-09

We maintain a bullish bias on XAG=F (XAG=F), targeting a rebound from current oversold levels as technical exhaustion meets supportive macro positioning. Silver has declined 6.85% over the past 20 days, pushing price toward the lower bound of its 20-day channel and testing key support near 58.26. While the broader trend remains under pressure, the confluence of a deeply oversold 5-day move (-2.91%), a 20-day relative volatility reading of 34.6% (indicating subdued recent turbulence), and a silver-specific implied volatility spike suggests a mean-reversion setup is forming. The invalidation level is a sustained break below 57.33, which would signal further downside momentum. We anticipate a technical bounce toward the 60.35 resistance zone, supported by the fact that the current intraday price of 59.39 (Asia) is already attempting to stabilize above the prior session's settle of 59.199. This setup offers a favorable risk-reward for a long position, provided downside support holds.