Silver has also experienced a sharp decline, falling nearly 5,000 pips from its recent multi-year high around $35.
However, unlike
XAUUSD , we saw a reversal pattern in 
XAGUSD yesterday with a Pin Bar that aligns well with technical support just above the psychological level of $30.
As I’ve mentioned before, Silver often serves as a leading indicator for Gold, especially at market turning points.
For example, even when gold recently reached its all-time high, Silver failed to reach a new high and instead formed a lower high, signaling the potential for a decline.
Looking specifically at XAG/USD's technical indicators, the price held firmly at horizontal support and reversed yesterday, forming a strong Pin Bar on the daily chart.
I remain bullish on Silver as long as yesterday’s low remains intact, and I’ll be looking to buy on dips.
However, unlike
XAUUSD , we saw a reversal pattern in XAGUSD yesterday with a Pin Bar that aligns well with technical support just above the psychological level of $30.As I’ve mentioned before, Silver often serves as a leading indicator for Gold, especially at market turning points.
For example, even when gold recently reached its all-time high, Silver failed to reach a new high and instead formed a lower high, signaling the potential for a decline.
Looking specifically at XAG/USD's technical indicators, the price held firmly at horizontal support and reversed yesterday, forming a strong Pin Bar on the daily chart.
I remain bullish on Silver as long as yesterday’s low remains intact, and I’ll be looking to buy on dips.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.