XAG/USD Rejection Looming at Key Resistance – Bearish Reversal 🔍 Chart Analysis – XAG/USD
1. Trend & EMAs:
The chart shows two key exponential moving averages:
📈 EMA 50 (Red): 33.1940
📉 EMA 200 (Blue): 32.8684
Price is currently above both EMAs, indicating a short-term bullish trend, but a possible bearish rejection is forming near resistance.
2. Key Zones
About Silver / U.S. Dollar
Silver Prices have been followed for centuries. Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand. Ag is the chemical symbol for silver on the periodic table of elements and its ISO currency symbol is XAG.
Silver Consolidates After Huge Drop – Breakout Ahead?At the beginning of April, XAGUSD experienced a dramatic decline, losing over 5,000 pips in just three trading days — a drop of more than 15% of its value.
However, after bottoming out on Monday, April 7, the price staged a sharp rebound and, within a week, was back around the 33.00 level.
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Silver Continues to Face Broad Lateral ChannelOver the past five trading sessions, silver has managed to sustain a significant short-term bullish move, posting a steady gain of just over 4%. The current bullish bias has remained relatively consistent, as global risk perception stays elevated, mainly due to the ongoing back-and-forth of the trad
Silver Double Top at Major Resistance – Bearish Breakdown📌 Overview:
This chart shows a classic Double Top Pattern forming on the weekly timeframe for Silver (XAG/USD). Price has reached a multi-year resistance zone and failed to break above it twice, signaling potential exhaustion of bullish momentum and the possibility of a larger trend reversal.
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XAGUSD: Wait for a clear breakout to buy.Silver turned bullish on its 1D technical outlook (RSI = 57.038, MACD = 0.169, ADX = 26.102) but that alone isn't enough to turn us into buyers again just yet, as the Channel Up on the 4H timeframe has failed so far twice to break over the R1 level. If it does, then we will turn bullish, aiming for
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Displays a symbol's price movements over previous years to identify recurring trends.