Silver / U.S. DollarSilver / U.S. DollarSilver / U.S. Dollar

Silver / U.S. Dollar

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SILVER Is still consolidating on an area of resistance/support. It teased a little bit of a bullish breakout but came back to its original place. I see people are already saying "sell, sell, sell" there's zero confirmations on this as yet, the same goes for bullish ones too. We have to wait till the market begins to move. As I previously posted on my chart, I'm hoping for it to do a bullish pull, but let's wait and see. #BuyTheBull


XAGUSD if it breaks the black line than retests black line entry is again valid, but i see less chances now
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XAGUSD previous setup invalidated since retest never took place, new setup no entry taken yet
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XAGUSD SILVER
Rate Cut Bets Keep Silver in Focus
Silver slipped toward $36 per ounce as investors locked in gains after hitting a 13-year high. The metal remains supported by strong industrial demand, supply deficits, and safe-haven interest during global uncertainty. Industrial uses, especially in solar and electronics, account for over half of the demand. A fifth consecutive annual supply deficit is expected, though the Silver Institute sees the gap narrowing by 21% in 2025. Softer U.S. inflation data for May also increased expectations of Fed rate cuts beginning in September, helping sustain interest in precious metals.

Resistance is set at 36.90, while support stands at 35.40.
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XAGUSD no entry taken next move if it retests the black line
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SILVER The demand for silver has increased substantially. Every robot, airplane, cell phone, dildo, calculator, PC.... etc.... all require little bits of silver. And a shortage is developing. It might take a while but it will happen and when it does, this pump will be like nothing.