Silver Wave Analysis – 2 April 2025- Silver reversed from the support area
- Likely to rise to the resistance level 34.50
Silver recently reversed up from the support zone between the support level 33.50 (former monthly high from February), 20-day moving average, support trendline from February and the 50% Fibonacci correction of the upward impulse from March.
The upward reversal from this support area continues the active impulse waves iii, 3 and (C) – inside which Silver has been moving since December.
Given the strong daily uptrend, Silver can be expected to rise to the next resistance level 34.50 (the former monthly high from last month).
SILVER trade ideas
XAG/USD Bullish Setup - Falling Wedge Breakout Towards TargetChart Overview
Asset: Silver / U.S. Dollar (XAG/USD)
Timeframe: 1-hour (1H)
Date and Time: Published on April 2, 2025, at 11:17 UTC
Publisher: GoldMasterTraders on TradingView
Current Price (at the time of the chart):
Open: 33.82300
High: 33.89005
Low: 33.79435
Close: 33.88880
Change: -0.05780 (-0.20%)
Price on the Right Axis: The price scale ranges from approximately 32.80000 to 35.25000, with the current price around 33.88880.
Chart Elements and Technical Analysis
1. Candlestick Price Action
The chart displays a 1-hour candlestick representation of XAG/USD, showing price movements from late March to early April 2025.
Trend Context:
Prior to the formation of the pattern, the price experienced a sharp rally from around 32.80000 (March 21) to a high near 34.60000 (March 27). This indicates a strong bullish trend.
Following this rally, the price entered a consolidation phase, forming lower highs and lower lows, which is characteristic of the Falling Wedge pattern.
Recent Price Action:
On April 2, the price appears to have broken out of the wedge pattern, closing above the upper trendline with a strong bullish candle. The current price of 33.88880 is above the breakout level, suggesting a potential continuation of the uptrend.
2. Chart Pattern: Falling Wedge
Pattern Identification:
The chart highlights a Falling Wedge pattern, a bullish chart pattern that can act as either a reversal or continuation pattern. In this case, given the preceding uptrend, it’s likely a continuation pattern.
A Falling Wedge is characterized by two converging trendlines:
Upper Trendline (Resistance): Connects the lower highs, sloping downward.
Lower Trendline (Support): Connects the lower lows, also sloping downward but at a less steep angle than the upper trendline.
The wedge started forming around March 27, after the price peaked near 34.60000, and continued until the breakout on April 2.
Pattern Dynamics:
The narrowing range between the trendlines indicates decreasing selling pressure and a potential buildup of buying interest.
Falling Wedges typically resolve with a breakout to the upside, as the price breaks above the upper trendline, signaling a resumption of the prior trend (bullish in this case).
Breakout Confirmation:
The price broke above the upper trendline of the wedge on April 2, with a strong bullish candle closing at 33.88880. This breakout is a key signal for a potential upward move.
The breakout level appears to be around 33.85000–33.90000, and the price is currently holding above this level, which is a positive sign for bulls.
3. Key Support and Resistance Levels
Support Level:
A horizontal support zone is marked around 33.58553 (approximately 33.58–33.60).
This level acted as a significant support during the wedge formation, with the price bouncing off this zone multiple times (e.g., on March 28 and March 31).
The support level aligns with the lower boundary of the wedge, reinforcing its importance as a key area of buying interest.
Resistance Level:
A resistance zone is marked around 34.60000 (approximately 34.60–34.80).
This level corresponds to the high reached on March 27, before the wedge formation began. It represents a significant barrier where selling pressure previously emerged.
After the breakout, the price is expected to test this resistance as part of the bullish move.
Target Level:
The target for the breakout is projected at 34.82470 (approximately 34.82).
This target is likely calculated using the standard method for wedge patterns: measuring the height of the wedge at its widest point (from the highest high to the lowest low within the pattern) and projecting that distance upward from the breakout point.
The target of 34.82470 is just above the resistance zone, suggesting that a break above 34.60000 could lead to further upside toward this level.
4. Stop Loss and Risk Management
Stop Loss:
The stop loss is suggested below the support level at 33.58553.
Placing the stop loss below this level ensures that if the breakout fails and the price falls back into the wedge, the trade is exited with a controlled loss.
The distance from the breakout level (around 33.90000) to the stop loss (33.58553) is approximately 0.31447, which represents the risk on the trade.
Risk-Reward Ratio:
The chart indicates a risk-reward ratio of 0.9467 (2.80% / 9,469.7).
The potential reward is the distance from the breakout level (33.90000) to the target (34.82470), which is approximately 0.92470, or a 2.80% gain.
The risk is the distance to the stop loss (0.31447), making the risk-reward ratio approximately 2.94:1 (0.92470 / 0.31447), which is favorable for a trading setup.
5. Additional Annotations
Arrows and Labels:
A blue arrow labeled “Falling Wedge” points to the pattern, clearly identifying it for viewers.
A green arrow labeled “Support Level” points to the 33.58553 zone, indicating where buyers have stepped in.
A red arrow labeled “Resistance Level” points to the 34.60000 zone, highlighting the next significant barrier.
A blue arrow labeled “Target” points to 34.82470, showing the projected price objective.
A blue arrow labeled “Stop Loss” points to 33.58553, indicating the risk management level.
Price Labels on the Right Axis:
The right axis shows key price levels, with the current ask price at 33.89900 (red) and bid price at 33.88558 (black), reflecting the live market spread.
Trading Setup Breakdown
Based on the chart, here’s the detailed trading setup:
Entry:
Position: Long (buy) XAG/USD.
Entry Point: The setup suggests entering after the price breaks out above the upper trendline of the Falling Wedge, which occurred around 33.85000–33.90000 on April 2.
Confirmation: The breakout is confirmed by a strong bullish candle closing above the trendline, with the current price at 33.88880, slightly below the high of 33.89005 but still above the breakout level.
Traders might wait for a retest of the breakout level (now acting as support) for a safer entry, though this isn’t explicitly suggested in the chart.
Stop Loss:
Level: Place the stop loss below the support level at 33.58553.
Rationale: This placement protects against a false breakout. If the price falls back below the wedge’s upper trendline and breaches the support, the bullish thesis is invalidated, and the trade should be exited.
Risk: The distance from the entry (33.90000) to the stop loss (33.58553) is 0.31447, or approximately 0.93% of the entry price.
Take Profit/Target:
Level: The target is set at 34.82470.
Rationale: This target is derived from the height of the wedge projected upward from the breakout point. It also aligns with a logical extension beyond the resistance at 34.60000.
Reward: The distance from the entry (33.90000) to the target (34.82470) is 0.92470, or approximately 2.80% of the entry price.
Risk-Reward Ratio:
The risk-reward ratio is approximately 2.94:1, which is attractive for a trading setup. For every unit of risk (0.31447), the potential reward is nearly 3 units (0.92470).
Trade Management:
Trailing Stop: Once the price approaches the resistance at 34.60000, traders might consider trailing the stop loss to lock in profits, especially if the price shows signs of stalling.
Partial Profit Taking: Some traders might take partial profits at the resistance level (34.60000) and let the remaining position run toward the target.
Broader Market Context
Trend Analysis:
The broader trend before the wedge was bullish, as evidenced by the rally from 32.80000 to 34.60000. The Falling Wedge, therefore, acts as a consolidation within this uptrend, and the breakout suggests a continuation of the bullish trend.
The price action after the breakout will be critical. A strong move toward 34.60000 with high volume would confirm the bullish momentum.
Volume and Momentum:
The chart doesn’t display volume or momentum indicators (e.g., RSI, MACD). However, a typical confirmation of a Falling Wedge breakout includes:
Volume: An increase in volume on the breakout candle, indicating strong buying interest.
Momentum: A bullish signal from indicators like RSI (e.g., moving above 50 or 70) or MACD (e.g., a bullish crossover).
Traders should check these indicators to validate the breakout’s strength.
Market Factors:
Silver prices are influenced by factors like U.S. dollar strength, interest rates, inflation expectations, and geopolitical events. On April 2, 2025, traders should consider:
U.S. Dollar Index (DXY): A weakening dollar typically supports higher silver prices.
Economic Data: Key releases like U.S. non-farm payrolls, inflation data, or Federal Reserve statements around this time could impact silver.
Geopolitical Events: Any risk-off sentiment (e.g., due to global tensions) could drive safe-haven demand for silver.
Potential Risks and Considerations
False Breakout:
If the price fails to hold above the breakout level (33.85000–33.90000) and falls back into the wedge, the setup is invalidated. The stop loss at 33.58553 mitigates this risk.
Resistance at 34.60000:
The resistance level has previously capped the price, and there’s a risk of rejection at this level. Traders should watch for bearish price action (e.g., a shooting star or bearish engulfing candle) near 34.60000.
Market Volatility:
Silver can be volatile, especially on a 1-hour timeframe. Unexpected news or economic data could lead to sharp price swings, potentially triggering the stop loss prematurely.
Timeframe Limitations:
This is a short-term setup on a 1-hour chart, so the target might be reached within hours to a couple of days. However, intraday noise could lead to choppy price action, requiring active trade management.
Conclusion
The TradingView chart by GoldMasterTraders presents a well-structured bullish trading setup for XAG/USD based on a Falling Wedge pattern. The price has broken out above the wedge’s upper trendline on April 2, 2025, signaling a potential move toward the target of 34.82470. Key levels include support at 33.58553 (where the stop loss is placed) and resistance at 34.60000, which the price must overcome to reach the target. The setup offers a favorable risk-reward ratio of approximately 2.94:1, making it an attractive trade for short-term traders.
However, traders should confirm the breakout with additional indicators (e.g., volume, RSI) and monitor broader market conditions, as this chart is a snapshot from April 2, 2025, and market dynamics may have evolved since then. If you’d like to search for more recent data on XAG/USD or check the outcome of this setup, I can assist with that!
Silver could drop 2k+ pipsSilver has been on the rise recently, but unlike its big brother, Gold, it started rolling back down on Friday—even as Gold continued to print new all-time highs, culminating at 3,150 yesterday.
This divergence between the two metals could be an early sign that Silver is losing momentum.
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Technical Signs of Weakness
📉 Rising Wedge Formation – Since early March, Silver’s price has been contained within a rising wedge, a classic bearish pattern signaling an impending breakdown.
📉 Testing Key Support – Right now, the price is hovering above wedge support. If Gold fails to hold above 3,100, I expect Silver to break down as well.
________________________________________
Targeting the Breakdown
If Silver breaks below support, I expect:
🎯 Initial target: $32
🎯 Final target: $31 (a key support zone)
Trading Plan: Selling the Rallies
Given the current setup, my strategy is to sell into rallies, aiming for at least a 1:2 risk-reward ratio.
Let’s see if Silver follows through on this bearish setup! 🚀
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
XG Updatetechnical analysis points to an upward direction for silver prices over the next few weeks, with potential targets between $35.00 and $36.00. The rising trend channel, breakout above resistance, supportive moving averages, balanced RSI, strong volume, and favorable market conditions all align to suggest continued gains.
Silver (XAG/USD) - Bearish Breakdown from Rising Wedge!Market Overview:
The Silver (XAG/USD) 1-hour chart reveals a Rising Wedge pattern, which is a well-known bearish reversal formation. This suggests that the recent bullish trend is losing momentum, and a breakdown could lead to a significant price decline.
🔹 Key Technical Analysis
1️⃣ Rising Wedge Formation & Breakdown
The price has been moving within a rising wedge, characterized by higher highs and higher lows but with weakening momentum.
A breakdown has occurred, confirming the bearish structure as the price has failed to sustain higher levels.
Historically, when a rising wedge breaks to the downside, price tends to drop by the same height as the wedge itself, which aligns with our projected target zone.
2️⃣ Price Action & Retest Possibility
After the breakdown, a retest of the broken wedge support (now resistance) around $33.50 - $33.80 could provide a potential short-selling opportunity.
If price fails to reclaim the wedge support, further downside pressure is expected.
3️⃣ Downside Target & Support Zone
The measured move suggests a decline towards the $31.00 - $30.60 region, which coincides with a strong historical support zone.
This area is highlighted as a potential profit-taking level for short trades.
📉 Trading Plan - Short Setup
🔸 Entry: Look for a rejection from the $33.50 - $33.80 zone (previous wedge support, now resistance).
🔸 Stop Loss: Above $34.00 to protect against false breakouts.
🔸 Take Profit: $31.00 - $30.60 (previous demand area).
🔸 Risk-Reward Ratio: Favorable setup, ensuring proper risk management.
🛑 Risk Factors to Consider
⚠️ If Silver regains strength and breaks back above $34.00, it could invalidate the bearish breakdown and shift momentum back to the upside.
⚠️ Macroeconomic events such as inflation data, Fed speeches, or geopolitical factors could influence price action unpredictably.
SILVER Will Go Higher! Buy!
Please, check our technical outlook for SILVER.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 3,378.2.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,425.6 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
SILVER Trend Following Long! Buy!
Hello,Traders!
SILVER is trading in an
Uptrend along the rising
Support line and the price
Is about to retest it so
We are bullish biased
And after the retest we
Will be expecting a
Further bullish rebound
And a move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Silver should follow Gold downUrgent warning to fellow traders!
Technical analysis suggests that Gold and Silver may have topped out and are heading much lower. If gold falls 50% to around 1690 or even to 1650 it will take silver with it.
So this is not investment advise but is issued for educational purposes only. No responsibility will be taken for any losses you may incur. You are encouraged to do your own due dilegence.
Silver (XAG/USD) Rising Wedge Breakdown – Bearish SetupMarket Overview & Context
Silver (XAG/USD) has been in a strong uptrend, forming higher highs and higher lows over the past few weeks. However, recent price action suggests a potential shift in momentum as a bearish Rising Wedge pattern emerges. This technical pattern often signals a possible trend reversal or correction.
This analysis focuses on a 4-hour (H4) chart, which provides a medium-term perspective for traders. The market has recently encountered a strong resistance zone, and multiple price rejections indicate a potential downward move.
Chart Pattern: Rising Wedge Formation
The Rising Wedge is a bearish reversal pattern that occurs when the price moves higher within two converging trendlines. This structure suggests that while buyers are still in control, their momentum is weakening.
Key Characteristics of the Rising Wedge in This Chart:
Uptrend with Weakening Momentum:
The price has been rising, but the higher highs are becoming less aggressive.
The slope of the highs is flatter compared to the lows, which indicates declining bullish strength.
Converging Trendlines:
The price is getting squeezed between support and resistance.
This tightening range typically precedes a breakout, with a higher probability of a bearish breakdown.
Bearish Implications:
A breakdown below the wedge’s lower trendline confirms bearish sentiment.
The price could drop sharply toward the next major support level if sellers gain control.
Key Technical Levels & Trading Strategy
1️⃣ Resistance Zone (Supply Area) – $34.50 to $34.60
The price has repeatedly tested but failed to break above this zone.
This confirms that sellers are active in this area, leading to multiple rejections.
A strong supply zone, making it an ideal stop-loss placement for short trades.
2️⃣ Support Level (Demand Area) – $30.50 to $30.60
This level has acted as major support in previous price action.
If the breakdown occurs, this is the primary downside target for sellers.
3️⃣ Stop Loss – $34.61
Positioned just above resistance to minimize risk exposure.
Ensures that if price moves against the trade, losses are contained.
Trading Plan & Execution
📉 Short (Sell) Setup – Bearish Breakdown Expected
✅ Entry: A confirmed breakout below the rising wedge’s support trendline (~$33.50 - $33.80).
✅ Stop Loss: Placed slightly above $34.61, ensuring risk control.
✅ Target: $30.56, aligning with previous support zones and technical projections.
Risk-Reward Analysis
Entry at breakdown (~$33.50)
Stop loss (~$34.61) – Risk: ~1.1 points
Target (~$30.56) – Reward: ~2.9 points
Risk-to-Reward Ratio: ~1:3, making this a highly favorable short setup.
Confirmation Signals to Watch Before Entering a Trade
📉 Break and Retest of Support as Resistance
If price breaks below wedge support and retests it as new resistance, it strengthens the bearish case.
📉 Volume Spike on Breakdown
A sharp increase in volume when breaking support confirms strong selling pressure.
📉 RSI Divergence (Bearish Signal)
If the Relative Strength Index (RSI) shows lower highs while the price makes higher highs, it suggests momentum weakness and a pending breakdown.
Potential Trading Scenarios
📌 Bearish Scenario (High Probability) – Breakdown Confirmation
If the price breaks below the wedge’s lower trendline and closes below $33.50, it will likely accelerate downward toward $30.56. Traders should enter short positions and hold for the target while managing risk with stop-loss levels.
📌 Bullish Scenario (Low Probability) – Invalidating the Pattern
If the price breaks above $34.60 and holds, the rising wedge pattern is invalidated. This would signal continued bullish strength, and traders should avoid short positions.
Conclusion & Final Thoughts
✅ The Rising Wedge Pattern suggests a potential bearish reversal in Silver (XAG/USD).
✅ If the price breaks the lower trendline, a drop toward $30.56 is highly probable.
✅ Traders should wait for confirmation signals before entering a trade.
✅ Risk management is crucial, with a stop-loss above $34.61 to minimize exposure.
🔹 This setup presents a strong risk-to-reward opportunity, making it ideal for traders seeking short positions in Silver.
XAG USD LONG RESULT Silver price was overall in a Bearish trend, but after the strong bear flag, price hit the support and wanted to retest the Resistance Zone before further Breakdown as going.
I entered the trade for a long, but price dumped a little just before moving to our TP.
Might have extended the SL zone but it's a loss I'm proud of. We go again 💪💯🔥.
_THE_KLASSIC_TRADER_.
Bullish momentum to extend?The Silver (XAG/USD) has bounced off the pivot and could rise to he 1st resistance.
Pivot: 33.56
1st Support: 33.09
1st Resistance: 34.91
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Silver ready to Break Long CUp & Handle Formation since 1980-26?Recession history includes major events like the Great Depression, the Oil Embargo Recession of 1973, the Gulf War Recession, the Great Recession of 2008, and the 1991 Indian economic crisis, each with unique causes and impacts. Energy Crisis Recession (1981-1982):This Time Trump Tariff ,IRAN War, Russia Ukrain Silver first Target 48 Next after breakout $70 ++ ?