Silver Price Declines Toward $72 Point

Strong selling pressure is increaseing

SILVER Price Analysis – 05 February

If it gets above $76 and there is a lot of buying activity, the price might attempt to move toward the $80–$86 range. However, if sellers are able to hold the price level at $76 and the $71 support is broken, the price of silver can drop and test the $66 and $63 support levels.

XAGUSD Market

Key Levels:

Resistance levels: $76, $80, $86

Support levels: $71, $66, $63

XAGUSD Long-term trend: Bearish

A negative trend has continued since the daily chart showed a double top formation in January 19. Silver began to drop after breaking through the $86 barrier. Selling activity has increased since January, according to the daily chart. Due to low customer demand, prices have gone down by $76 over the previous month. As the bears intensified and the buying pressure failed to break through the $96 mark, silver started to fall. Over the past two weeks, bears have been more active, and this week the price is approaching $71. The movement from yesterday points to a tendency of retreat.

The price of silver has a histogram below zero and is lower than the Hull Suite forex signals index. The QQE MOD, one of the top forex signal indicators, is showing a negative signal right now.

The Cost Is a Psyop. Avoid Selling

The Price is a Psyop. Don’t sell.

Apes Hold the Only Supply. We will win. pic.twitter.com/iBNtnWr0ih

— Wall Street Silver 🦍🚀 (@WallStreetSilv) February 5, 2026

I’ll tell you a secret: banks are selling, and they want you to keep buying. When it hits their targets, they sell what they previously purchased—both long ago and when their algorithms saw a move—for huge gains.
They don’t give a damn about what they profit from.

If it gets above $76 and there is a lot of buying activity, the price might attempt to move toward the $80–$86 range. However, if sellers are able to hold the price level at $76 and the $71 support is broken, the price of silver can drop and test the $66 and $63 support levels.

XAGUSD Medium-term Trend: Bearish

The 4-hour XAGUSD chart shows a downward trend. A double top pattern near $86 emerged a few days ago, signifying a dramatic shift in direction. The $86 level is Silver’s first obstacle. The price broke through this level, avoiding resistance. Tariffs have been lowered to $76 per unit due to the sellers’ significant purchasing power.

Right now, silver is falling below significant dynamic support levels. The selling signal is being used more often by the QQE MOD.

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