SILVERCFD trade ideas
The best Silver chart I've ever seen!Want to know why the banks are holding silver down?
LOOK AT THIS CHART THAT DATES BACK MORE THAN 200 YEARS (TO 1800).
If this shoots past 50... banks will have a BIG problem on their hands.
If the world somehow still exists by 2060, this could be crazy.
silver long term - buyElliot wave analysis suggests a correction ending around 28.25 or 26.20.
We need a short-term bullish retracement before continuing the downtrend towards our sell TP at 28.25.
If the price respects this area, a new uptrend is possible.
This is a long-term analysis.
SILVER (#XAGUSD): Bullish Reversal Confirmed?!📈SILVER turned bullish after the yesterday's FOMC Minutes.
After testing a key daily support level, the market is showing a clear intraday reversal.
The formation of an ascending triangle pattern with a broken neckline confirms this bullish reversal.
I expect the market to continue its upward trajectory, potentially reaching the 31.82 level in the near future.
#XAGUSD – Silver OutlookHere’s your refined and engaging version of the **#XAGUSD (Silver)** analysis, with improved grammar, flow, and added emojis for platforms like TradingView, Instagram, or Telegram:
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## ⚪ **#XAGUSD – Silver Outlook**
🔮 **What I'm Watching:**
Price is likely to **tap into the Daily Order Block** in the **$28.40–$29.00** area,
which aligns closely with the **0.50 Fibonacci retracement** level 📏.
📌 This zone could act as a **strong reaction point** for buyers.
🕵️ **What to Look For:**
If silver shows **bullish rejection signs** from this zone — ideally a **bullish H4 candle** forming right after tapping it —
then a **small buy setup** could be considered 🎯.
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📌 As always, wait for proper confirmation — don’t jump in blindly.
Want me to make a visual version for Instagram or share a lower timeframe setup next?
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Silver (XAG/USD) – Long Setup IdeaSilver (XAG/USD) – Long Setup Idea
Silver is currently trading around $31.30, while gold has surpassed the $3,000 mark, pushing the Gold/Silver Ratio (GSR) above 99 – a level that historically signals strong upside potential for silver. Industrial demand is surging, especially from solar energy, EVs, and electronics, with silver consumption expected to exceed 700 million ounces in 2025. Analysts from Capital Economics, UBS, and Citi forecast a price target of $36–38 in the next few months, supported by a persistent supply deficit and investor rotation from gold into undervalued silver.
🎯 Take Profit: $36.00
⏱️ Timeframe: 1–3 months
📊 Bias: Bullish
📉 Risk: Correction below $29 in case of weak macro or strong USD
Silver is in the bullish trend after testing supportHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Reaction of Gold and Silver to the Increasing Fear FactorBy Ion Jauregui – ActivTrades Analyst
Gold, historically relegated to the background of investment strategies, is now emerging as a first-rate asset. This change is due to factors such as rising inflation, the implementation of aggressive tariff measures, and the geopolitical tensions that have intensified in recent years. The war in Ukraine and the consolidation of strategic alliances among Russia, China, and the BRICS countries have contributed to placing gold at the center of attention, demonstrating that its safe-haven nature is more necessary than ever.
One of the key elements in this transformation is the adoption of Basel Three regulations. This agreement, by classifying gold as a “tier one” asset, equates its value and security with that of US Treasury bonds. It is expected that, after its implementation in Europe in 2026, the same measure will be extended to US banks in 2027, which will increase institutional demand and further consolidate gold as a secure reserve in times of uncertainty.
Tariff policies, driven in part by decisions such as those of the Trump administration, generate inflation and increase economic uncertainty. Such a scenario forces banks and large investors to rethink their strategies, seeking in gold a refuge against the devaluation of other assets. The convergence of these factors suggests that the price of gold could reach, or even exceed, levels of $4,000 – it is even projected to reach $4,500 – as the increasing money supply pushes the valuation of the metal.
The Duality of Silver: Industry and Investment
Unlike gold, silver possesses a duality that makes it both an essential raw material for industry and an investment asset. While approximately 70% of annual silver production is allocated to industrial and manufacturing processes, the remainder is used in bars, coins, and ETFs. This characteristic creates inherent volatility, as movements in the economy directly affect its industrial demand.
During periods known as “fear trades,” when economic uncertainty spikes, silver tends to behave as a proxy for gold. Historically, compressions in the Gold/Silver Ratio (GSR) have been observed during these episodes, which in some cases have driven silver to experience abrupt price movements. Furthermore, the growing concern about market scarcity—due to a deficit between production and demand that could exceed 200 million ounces this year—adds another layer of complexity to the scenario.
Regulatory uncertainty exacerbates the situation: faced with the possibility of governmental interventions to “normalize” prices—for example, by banning ETFs or other forms of investment—silver could experience temporary declines. However, these interventions could be offset in the medium term by accumulated demand from investors eager to protect their assets in an environment of increasing instability.
Investor Strategy: The Pyramid Approach
There are a variety of experts who suggest that the strategy to navigate this volatile environment is the pyramid approach in investments in precious metals. At the base of this pyramid are the physical assets: the acquisition of gold and silver in the form of bars or coins represents the first line of defense against uncertainty and inflation. Gold, due to its role as a store of value, offers stability, while silver—with all its potential for revaluation in “fear trades”—adds dynamism to the portfolio. On top of this base, investment is complemented by mutual funds, ETFs, and stocks of mining producers and developers. Solid producers have historically generated the majority of returns, while developers, with high growth margins, offer opportunities to leverage market movements. This diversified structure helps manage risk and capitalize on both the stability of gold and the explosive potential of silver in times of tension.
Speculative Strategy
As throughout history there have always been speculators in the market, and derivatives trading is just one way to speculate, this type of trading obviously has a shorter time frame than that of the investor, but it facilitates quick entry and exit in the metals market. It clearly minimizes the risk of prolonged exposure, and the potential profits tend to be higher as well as the risks, due to leverage when trading with derivatives.
Silver Analysis (Ticker AT: SILVER)
Observing the silver chart, since Valentine’s Day, in February of last year, the asset has been climbing its price until October 2024, when its ascent stalled. Later, in the last week of March, the asset attempted to push its price above the highs established at $34,845 without success. After the “Trumpazo” tariff move triggered last Friday, its value fell back to $28,314, and this week we see how it has held the support at $28,768 and seems to have halted its decline. At this moment, the RSI is highly oversold at 33.38%, its current Point of Control (POC) is located around $30,556—a price it touched in yesterday’s session. The crossover of the 50-day moving average above the 100-day moving average occurred on January 31 on the daily chart, so if this trend does not change, it will continue supporting this expansion over the 200-day average. It is very likely that the precious metal will return to a recovery path, but this is highly dependent on the situation that may arise with gold as a reserve asset. If this price is not supported and the averages cross downward, we could see a correction to the price zone of $27,198. However, it should be noted that this support has been touched twice and it could be tested again at some point if the downward pressure continues.
Conclusion: Fear as the Driving Force of the Market
The current environment, marked by geopolitical and economic uncertainty, has turned fear into a determining factor for the behavior of precious metals. Gold, now considered a first-rate asset and backed by measures such as Basel Three, is emerging as a safe haven with projections that could exceed $4,000. On the other hand, silver, despite its volatility and industrial use, acts as a proxy for gold during “fear trades,” where its abrupt movements offer opportunities for investors. In short, this context underscores the importance of a diversified strategy—combining physical assets and derivatives trading—to protect wealth and take advantage of potential revaluations when fear drives the market.
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
SILVER Risky Short! Sell!
Hello,Traders!
SILVER is surging up again
But is about to enter a wide
Supply area around 31.40$
From where a local bearish
Correction is likely to take place
Sell!
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.
XAG/USD For Bullishyou can go long now
or
wait for pull-back near entry point and then go long
general trend is up trend
have fun :)
Silver Long IdeaI am presenting silver idea for long. You should just watch it and then see weather it playsout or not.
Detailed Analysis of Silver (XAG/USD) – Double Top BreakoutThe chart represents a technical analysis of Silver (XAG/USD) on the daily timeframe (1D). A Double Top pattern, one of the most reliable bearish reversal formations, is developing. This signals a potential downtrend, with key price levels and trendlines confirming weakness in bullish momentum. Below is a full breakdown of the pattern, price action, and trading setup.
1️⃣ Pattern Formation: Double Top – Bearish Reversal
A Double Top pattern occurs when the price reaches a resistance level twice, failing to break higher. It indicates a shift from a bullish trend to a bearish one.
🔹 Characteristics of the Double Top in This Chart:
First Peak (Top 1 - Resistance at ~$34.57):
The price made a strong move upward, reaching a high near $34.57.
Selling pressure at this level pushed the price downward, forming a support level near $30 (Neckline).
Pullback & Temporary Support (~$30 Neckline):
Buyers stepped in at the support zone, causing a bounce back towards resistance.
This level acted as strong demand, preventing further decline temporarily.
Second Peak (Top 2 - Rejection at Resistance Again):
Price attempted to break above the previous peak but failed.
This failure to form a higher high confirms the presence of strong sellers.
The second rejection strengthens the resistance level at $34.57, signaling exhaustion in buying momentum.
Break of the Trendline Support (Bearish Shift):
A previously ascending trendline (black dashed line) was providing support for the uptrend.
Price broke below this trendline, indicating a possible trend reversal from bullish to bearish.
2️⃣ Key Technical Levels & Trading Setup
🔸 Resistance Zone (~$34.57 - Stop Loss Area)
This is the major resistance level, tested twice and confirmed as a supply zone.
A move above $34.57 would invalidate the bearish pattern, making this an ideal stop-loss level.
🔹 Support Level / Neckline (~$30 - Breakdown Confirmation)
The neckline acts as a critical level. If the price breaks below $30, the Double Top formation is confirmed.
If the price retests this level from below and rejects (fails to reclaim it as support), it becomes a strong short entry signal.
🔻 Target Price (Projected Move - $23.01)
The target is based on the measured move rule of a Double Top:
Distance from resistance ($34.57) to neckline ($30) ≈ $4.57.
Projecting this same distance downward gives a target of ~$23.01.
This aligns with historical demand zones, increasing the probability of price reaching this level.
3️⃣ Trading Plan: Short Setup Execution
🔽 Short Entry (Breakdown Confirmation Below $30)
Ideal entry point is after the neckline breaks and confirms resistance upon a retest.
A breakdown with strong volume enhances the validity of the setup.
🚨 Stop Loss Placement (Above $34.57 Resistance Level)
Placing a stop above the second peak ($34.57) ensures protection against invalidation.
If price moves back above this level, the pattern fails, indicating a potential return to bullish momentum.
🎯 Target Price ($23.01) – Measured Move Projection
The price target aligns with the pattern structure and historical support levels.
Traders can take partial profits at intermediary levels ($27–$26) before full target realization.
4️⃣ Additional Confirmation Factors – Confluence for Bearish Bias
1️⃣ Momentum Indicators: RSI & MACD Bearish Signals
If RSI (Relative Strength Index) drops below 50, it confirms weakening bullish momentum.
A MACD bearish crossover (signal line crossing below the MACD line) would further validate the downtrend.
2️⃣ Volume Analysis – Breakout Confirmation
A high volume breakout below $30 confirms selling pressure.
Low-volume breakdowns can lead to false breakouts, making volume a crucial factor to watch.
3️⃣ Fundamental Factors – Macro Outlook on Silver (XAG/USD)
Silver prices are influenced by interest rates, inflation, and USD strength.
If USD strengthens, silver could face more selling pressure, aligning with this bearish technical setup.
Any hawkish monetary policy statements could accelerate the downside movement.
5️⃣ Risk Management & Alternative Scenarios
✔️ Ideal Risk-Reward Ratio
Risk: Stop loss at $34.57 (~4.5% above entry)
Reward: Target at $23.01 (~23% move)
Risk-Reward Ratio: ~1:5 (highly favorable for short trades)
⚠️ Bullish Invalidations – When to Avoid the Trade?
If Silver reclaims $34.57 and holds above, the pattern fails.
A false breakout scenario could occur if price breaks below $30 but quickly moves back above.
Watching for bullish divergence on indicators like RSI before entering a short position is recommended.
Final Conclusion: Bearish Bias with Strong Downside Potential
📉 Summary of the Bearish Case:
✔️ Double Top pattern confirms a bearish reversal if the neckline breaks.
✔️ Break of ascending trendline signals increasing seller control.
✔️ Key levels: Stop-loss above $34.57 | Entry below $30 | Target $23.01.
✔️ Additional confluence: RSI, MACD, and volume confirmation strengthen the trade setup.
🚀 If price action aligns with this analysis, this setup presents a high-probability short opportunity.
Would you like any refinements or additional insights? 🔥
XAGUSD - SilverExpecting a bullish breakout from the local low of Silver.
Orange lines being the decision confirmation prices.
There are 2 fake structure zones, which I believe will act as local demand zones.
Bearish drop?The Silver (XAG/USD) has reacted off the pivot and could drop to the 1st support.
Pivot: 31.91
1st Support: 30.92
1st Resistance: 32.68
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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SILVER: Move Up Expected! Long!
My dear friends,
Today we will analyse SILVER together☺️
The market is at an inflection zone and price has now reached an area around 29.921 where previous reversals or breakouts have occurred. And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 30.271.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
A weekly look at the 200 year silver chart! Ummm, do you see what I see?
I would encourage you to keep buying every time silver dips into the 20s.
Your children will appreciate it :)
Silver’s Deep Retrace: Long Setup with Bullish Potential I’ve entered a long trade on Silver (XAG/USD) after observing a deep retrace to the 0.7 Fibonacci level on the daily timeframe. The entry at $28.96 is positioned strategically based on historical support and the current technical setup.
The stop loss is set at $26.54 to mitigate risk, while the take profit target is $36.00, aligning with a potential bullish continuation. In the bearish scenario, a break below $27.50 will prompt a reassessment and tighter risk management. Conversely, on the bullish side, breaking above $32.50 will strengthen the case for holding towards the TP.
Silver’s price action showcases its potential for a significant bounce back, supported by current geopolitical and macroeconomic conditions.
Fundamentals:
1. Federal Reserve’s Hawkish Stance:
The Fed’s updated projections for rate cuts in 2025 have pressured silver prices, as a stronger dollar and rising Treasury yields (above 4.5%) diminish the appeal of non-yielding assets. However, easing inflation in the long term could rejuvenate demand for precious metals.
2. Geopolitical Tensions:
Although silver traditionally benefits from uncertainty, recent macroeconomic headwinds, such as concerns about tariffs under the new Trump administration and sluggish global economic recovery, have overshadowed its safe-haven status.
3. Industrial Outlook:
Challenges in the industrial demand for silver, particularly from China’s solar panel production slowdown, add pressure. However, as inflation stabilizes and geopolitical risks unfold, silver could regain its industrial and safe-haven allure.
Technicals:
• Entry: $28.96
• Stop Loss: $26.54
• Take Profit: $36.00
• Key Levels:
• Bearish Scenario: Manage position below $27.50.
• Bullish Case: Strength above $32.50 confirms upward momentum.
This setup leverages a confluence of technical retracement, macroeconomic factors, and the potential for a trend reversal. Stay sharp and pay yourself as the market unfolds.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Silver (XAG/USD) Rising Wedge – Bearish Breakdown Setup!A rising wedge is a pattern that typically forms when the price makes higher highs and higher lows, but the upward momentum starts weakening. The narrowing structure of the wedge indicates that buyers are losing strength, and a breakout to the downside is likely.
Key Characteristics of the Rising Wedge:
✔ Higher highs & higher lows – but with reduced momentum
✔ Trendline support (lower boundary) & resistance (upper boundary)
✔ Volume decline – suggests a potential reversal
Expected Scenario:
If the price breaks below the lower trendline, it signals bearish pressure, and Silver could see a strong decline.
2. Key Levels & Trading Setup
📌 Resistance Level ($34.50 - $34.80)
The upper boundary of the wedge is acting as strong resistance.
Historically, this zone has rejected price action multiple times, indicating sellers are defending this area.
📌 Support Level ($30.20 - $30.50)
A major demand zone where buyers previously stepped in.
If the wedge breaks down, this is the most likely target for the decline.
📌 Stop Loss ($34.81)
Placed just above the recent high and resistance zone to limit risk in case of an unexpected upside breakout.
📌 Target ($30.20)
Measured move from the wedge breakdown projects a sharp decline toward the next strong support at $30.20.
3. Trade Execution Strategy
🔴 Bearish Breakdown Scenario
If the price breaks below the lower trendline (around $33.00), we expect a strong move downward.
📉 Short Entry: Below $33.00 (after confirmation)
🎯 Target: $30.20
❌ Stop Loss: $34.81 (above resistance)
Confirmation Needed:
✅ Strong bearish candle close below support
✅ Increased volume during breakdown
✅ Retest of broken support turning into resistance
🟢 Bullish Alternative (Invalidation)
If price breaks and holds above $34.81, the bearish setup will be invalidated, and a breakout towards $36.00 - $37.00 could be expected.
4. Additional Considerations
📌 Fundamental Factors: Keep an eye on macroeconomic news, Fed decisions, and USD strength, as these impact Silver prices.
📌 Risk Management: Avoid overleveraging and use a proper risk-reward ratio (1:3 or higher).
📌 Market Sentiment: Watch volume trends and confirm breakout or fakeout before entering trades.
Conclusion
This chart presents a high-probability short trade setup based on the rising wedge breakdown.
If the breakdown occurs, Silver could drop toward the $30.20 support zone. However, traders should wait for confirmation before entering to avoid fakeouts.
Would you like me to refine this further for a TradingView post? 🚀
Silver at a Crossroads: More Pain or a Rally Above 34?Silver is undergoing a potential trend change. The previous yellow uptrend channel has been broken, and a new, nearly flat-slightly downward channel (marked by blue lines) appears to be forming. While it may be too early to confirm this as an established trend, the structure is developing with increasing clarity.
Silver is now at a crossroads. The former trendline is being retested, and just above it lies a confluence of resistance: a previous demand zone and the 200-day moving average. These former support levels have now merged into a strong resistance area.
Unless this resistance zone is broken, downward pressure is likely to persist. However, a breakout could open the door for a medium-term move toward the 34 level.
Please check gold/silver chart for longer term understanding:
XAG/USD "The Silver" Metal Market Heist Plan (Swing/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑💰✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAG/USD "The Silver" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Pink MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise to Place sell limit orders within a 15 or 30 minute timeframe most nearest or swing, low or high level for Pullback Entries.
Stop Loss 🛑:
📌Thief SL placed at the nearest/swing High or Low level Using the 1 Day timeframe (32.000) Day/Swing trade basis.
📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 27.000 (or) Escape Before the Target
⚙💿XAG/USD "The Silver" Metal Market Heist Plan (Swing/Day Trade) is currently experiencing a Neutral trend (there is a chance to move bearishness),., driven by several key factors.👇👇👇
📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉🔗
Detailed Point Explanation 📋
Fundamentals 🌟: Silver’s dual role ensures resilience, but USD and rates cap gains ⚖️.
Macro 📊: Inflation aids 🔥, but growth and policy risks create volatility ⚡.
Geopolitics 🌐: Safe-haven demand helps 🛡️, though trade wars hurt industrial use 🚨.
Supply/Demand ⚖️: Deficit is a strong bullish driver 📉, despite short-term fluctuations ⚡.
Technicals 📉: Near-term weakness 🐻 within a broader uptrend 🐮.
Sentiment 😊: Balanced ⚖️, with cautious optimism prevailing 🌟.
Seasonal 🍂: Neutral ⚖️, with minor weather-related disruptions ❄️.
Intermarket 🔗: Gold supports 🥇, USD resists 💵 – a tug-of-war ⚔️.
Investors/Traders 👥: Long-term bulls 🐮 vs. short-term bears 🐻 reflect split views ⚖️.
Trends 🔮: Short-term dip 📉, medium/long-term rally potential ⬆️.
Outlook 📝: Mildly bullish ⭐, favoring longs over 6-12 months 🐮.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
SILVER SENDS CLEAR BULLISH SIGNALS|LONG
SILVER SIGNAL
Trade Direction: long
Entry Level: 3,050.2
Target Level: 3,274.5
Stop Loss: 2,899.9
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 8h
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 COMMENT MY IDEAS✅
SILVERThis chart shows Silver (XAG/USD) on a 4-hour timeframe with important levels and technical patterns marked. Here's a breakdown and analysis of the chart:
Key Observations:
1. Price Structure:
- The price of Silver has been moving in an ascending channel (marked by the blue trendlines), indicating a bullish trend over the period shown on the chart. The price makes higher highs and higher lows in a structured fashion.
- Recently, the price reached the upper boundary of the channel and reversed, signaling a potential price correction.
2. FVG (Fair Value Gap):
- The FVG (Fair Value Gap) is marked twice in the chart (at 32.40 - 32.50 and 33.10 - 33.40). An FVG represents an area where the market experienced a sharp price movement, leaving an imbalance. Price tends to return to fill these gaps, so the market could retrace to fill the FVG zones before continuing in either direction.
- The FVG gap around 33.10 - 33.40 is particularly important as it has already seen a retest and can potentially act as resistance now.
3. Order Block:- An order block is identified around the 33.40 - 33.60 range, suggesting this is a key resistance zone. If the price approaches this level again, it could face selling pressure, which may result in further downside if the market fails to break above it.
4. Support Level:
- The support level is indicated around 32.00 (just above the FVG gap), which could act as a strong floor for the price. If the price retraces lower, this zone is likely to act as a buying opportunity, providing strong support before any further upward movement.
5. Recent Drop:
- The price has recently made a sharp bearish move from the upper boundary of the channel, signaling a correction from the recent high of 33.40. The market is likely testing the support level at 32.00 or the FVG zones.
Potential Scenarios:
1. Bearish Continuation:
- The price has recently broken below the FVG zone around 33.00 and is headed toward the support zone around 32.00. If 32.00 holds as support, we could see a reversal from this level. However, if the price continues lower and breaks through this level, it could target further downside levels, possibly reaching the next FVG gap around 31.50.
2. Bullish Reversal from Support:
Silver continues to riseThere’s a high probability we’ll see higher levels.
In trading, you don’t operate with certainties, but with probabilities—and right now, silver has a high probability of continuing its upward move.
It’s also returning, much like gold, to levels seen before the announcement of trade tariffs.
Additionally, it has broken above the 30.80 level—a very strong level that previously acted as both support and resistance.
As long as the price stays above it, I believe we can talk about long setups.
