Another Breakout or Correction?📆 June 11, 2025 | ⏱ 2H Chart Analysis
Silver (XAGUSD) has been respecting its bullish momentum since early June, with a clean breakout above the previous wedge consolidation pattern (visible late May). But now, the market is at a critical decision point.
🔍 Key Observations:
Price is testing the 36.50–36.60 zone, which aligns with the 15 EMA and horizontal resistance turned support.
We’ve seen exhaustion signs at recent highs (~36.88), followed by lower highs — possibly forming a micro-descending channel.
Price currently hovers between two key levels:
🔺 Upside target: If bulls defend 36.50, next resistance sits around 38.00, matching the long-term upper channel.
🔻 Downside risk: If support breaks and price falls below 35.90/35.70, we may see a sharp move toward 35.00, where the larger structure would be retested.
📈 Momentum Outlook:
EMA(15) > EMA(60) still shows medium-term bullish structure.
⚖️ Trade Idea (Not Financial Advice)
🟢 Bullish Bias if 36.50 holds with confirmation → Target: 38.00
🔴 Bearish Trigger if 35.90 breaks → Target: 35.00
🎯 Risk Management Key: Wait for price action around the decision zone.
💬 What’s your bias? Do you see a continuation or pullback?
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