This is my current view on XAGUSD. I have a trade running which has a lose target starting around $36, but will be subject to change as the price action develops. I'm in silver for the chance that we see much higher prices than that!!. Trading spot is a small part of my exposure to the silver sector.
Trade active
09/03/2025 XAGUSD updateMy initial trade went for breakeven as I managed my stop during the move up to the recent high. I have re-entered long again, trade shown on the chart. I haven’t set a TP level on the off chance I catch an explosive silver move, but as the chart develops, I may trim the position. Looking at $38 for a typical wave iii target, there is the 88.6% retracement at $34.1 (relating to an alternate count) and the measured move target at $35.8 (bottom of the yellow zone) to get beyond first though.
Note
12/03/2025 XAGUSD UpdateAdded another trade on Silver on the pull back, both trades now have the stops moved to break even. I'll work on a smaller time frame outlook soon.
Note
Trades are still active and are moved to breakeven, but if price breaks $32.72 then ill be assessing exiting the trades, ideally on some form off pull back. should get an update out today.Note
I've closed the first of the two trades shown above at $33.9. will assess the next one shortly.Trade closed manually
Both trades now closed, to be fair i closed the second trade before close of play last week, late disclosure. I'm still long silver by other means. I'll look to update my outlook soon.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.