Silver is in the bullish trendHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis ๐
๐ขThis Chart includes_ (XAGUSD market update)
๐ขWhat is The Next Opportunity on XAGUSD Market
๐ขhow 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
XAGUSD01 trade ideas
Silver (XAG/USD) โ Rising Wedge Breakdown & Bearish OutlookChart Overview
This is a 1-hour chart of Silver (XAG/USD) from OANDA, showing recent price action forming a rising wedge pattern followed by a bearish breakdown. The price initially rallied within the wedge but failed to sustain gains above the key resistance zone, leading to a strong rejection and downward momentum.
Key Chart Elements & Analysis
1. Rising Wedge Formation (Bearish Pattern)
The market was in an uptrend, forming higher highs and higher lows within a rising wedge pattern.
A rising wedge is a classic bearish reversal pattern, which indicates weakening buying pressure as price consolidates upward.
The price eventually broke below the lower trendline, signaling a shift in momentum from bullish to bearish.
2. Resistance Zone & Rejection
A strong resistance zone was identified around $33.80 - $34.20 USD (highlighted in blue).
Price attempted multiple times to break above this level but faced selling pressure, leading to a sharp reversal.
The final breakout attempt failed, confirming that sellers are in control.
3. Breakdown & Retest of Support
After breaking down from the wedge, the price found temporary support around $33.20 USD, which aligns with a previous consolidation area.
A retest of the broken wedge support turned into resistance, further confirming the bearish bias.
The rejection from this level strengthened the case for a move lower.
4. Next Support Level & Target Projection
The next significant support zone is around $31.95 - $32.00 USD (marked as the "Target" area).
This level coincides with previous price action support, making it a high-probability bearish target.
The breakdown is expected to follow a measured move projection, bringing price toward this level.
Trade Plan & Execution Strategy
๐ Bearish Setup (Short Opportunity)
Ideal Entry: A pullback to the previous support (now resistance) at $33.20 - $33.40 USD could offer an entry for shorts.
Stop-Loss: Above $33.80 USD, just above the resistance zone.
Target Levels:
Primary Target: $32.50 USD
Final Target: $31.95 - $32.00 USD
Confirmation: Look for price rejection or bearish candlestick formations at resistance before entering.
โ ๏ธ Risk Management & Considerations
Bullish Scenario: If price reclaims $33.80 USD, the bearish setup could be invalidated, and a move higher toward $34.50 USD is possible.
Market Conditions: Keep an eye on macroeconomic factors, news events, and USD strength, as they can influence silver prices.
Conclusion: Bearish Outlook with Downside Target ๐ฏ
The rising wedge breakdown signals further downside potential.
A support retest rejection confirms selling pressure.
$31.95 - $32.00 USD remains the main target, aligning with technical projections.
Short positions with proper risk management remain favorable in this setup.
SILVER HEADING UPSilver is in a bullish trend and the price showed us some bearish movement by creating a Solid low but that was later rejected by buyers which took over the trend again thus breaking above the Higher high and retracing back to it, meaning price is likely to continue its bullish movement after some liquidity grab on the "Higher high" area
SILVER Is Very Bullish! Buy!
Here is our detailed technical review for SILVER.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 3,339.6.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 3,470.7 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Silver on the Brink: Will Buyers Step In?Silver is retracing alongside gold and other assets, but is this a buying opportunity? Key support levels to watch: $32.14, aligning with silverโs sensitivity to gold, and $31.50, the lower range of the current channel. Fundamentals remain strong, with trade wars and geopolitical tensions supporting long-term bullish momentum. Where do you see silver heading next? Share your thoughts below!
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Silver Holds Near $33.60 as Fed Signals 2025 Rate CutsSilver hovered near $33.60 after the Fed held rates at 4.25%-4.5%, signaling 50 bps cuts by 2025. Despite trade-war fears and Trumpโs policies, silver remains near a five-month high.
Lease rates surged as stockpiles shrank, especially in London, with silver flowing to the US for higher prices, widening market price gaps. Spot silver is up 17% this year, outperforming other commodities.
Tariffs strain silver transfers from Canada and Mexico, tightening supply and fueling fears of a prolonged โsilver squeeze.โ
If silver breaks above $34.05, the next resistance levels are $34.85 and $35.00. On the downside, support is at $33.80, with further levels at $33.15 and $32.75 if selling pressure increases.โฏ
Bullish continuation?The Silver (XAG/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 32.93
1st Support: 32.10
1st Resistance: 34.88
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SILVER Free Signal! Buy!
Hello,Traders!
SILVER is trading in an
Uptrend but the price
Made a bearish correction
And will soon hit a horizontal
Support of 33.35$ from where
We can go long with the
TP of 33.93$ and SL of 33.13$
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 โ Lagging but Still Strong!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ SILVER has been bullish, trading within the rising wedge pattern marked in red.
Following the latest aggressive bullish movement, XAGUSD has formed a demand zone, marked in blue.
๐น Thus, the highlighted blue circle is a strong area to look for buy setups, as it represents the intersection of demand, support, and the lower red trendline, which acts as a non-horizontal support.
๐ As per my trading style:
As #XAGUSD approaches the blue circle, I will be looking for bullish reversal setups, such as a double bottom pattern, a trendline break, and so on.
Additionally, for the bulls to maintain long-term control, a break above $3,500 is needed.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Silver (XAG/USD) โ Rising Wedge Breakdown & Bearish ContinuationTechnical Analysis & Market Outlook
The Silver (XAG/USD) 1-hour chart presents a clear rising wedge formation, a well-recognized bearish reversal pattern. This formation develops when price action creates higher highs and higher lows within a contracting range, signaling a potential exhaustion of bullish momentum.
Currently, Silver has broken below the lower trendline of the wedge, confirming a bearish breakout. This move suggests that the recent uptrend is weakening, and sellers are beginning to take control. A retest of the broken support level as new resistance could provide an ideal entry for a short position.
Key Technical Levels & Trading Plan
1๏ธโฃ Resistance & Supply Zone: 34.00 - 34.20
Price has struggled to break above this region multiple times, confirming strong selling pressure.
The market rejected this level sharply, leading to the current downside movement.
A stop-loss can be placed slightly above this zone to protect against unexpected reversals.
2๏ธโฃ Support Level & Retest Zone: 33.50
Previously, this level acted as a strong support, but the breakdown confirms a shift in market structure.
If price retests this level and faces rejection, it could serve as an optimal entry point for short trades.
3๏ธโฃ Short Entry Confirmation
Traders should look for price rejection from the 33.50 zone before entering a short position.
A bearish candlestick pattern (e.g., bearish engulfing, pin bar, or a lower high formation) would further validate the entry.
4๏ธโฃ Bearish Target: 31.90 - 32.00
The projected downside move aligns with the measured move of the wedge breakdown and previous support zones.
If price maintains bearish momentum, further downside potential exists beyond this target.
5๏ธโฃ Stop-Loss Placement: Above 34.20
Setting a stop-loss above the recent resistance ensures protection against invalidation of the bearish setup.
This placement accounts for potential price spikes or false breakouts.
Trade Execution Strategy:
๐ Entry: Short on a retest of the 33.50 level, ensuring confirmation via price rejection.
๐ Stop-Loss: Above 34.20 to avoid premature stop-outs.
๐ Take-Profit: Targeting the 31.90 - 32.00 zone for an optimal risk-to-reward ratio.
Conclusion & Risk Management:
The breakdown from the rising wedge signals a shift in market sentiment, favoring a bearish move. Traders should remain patient for a retest of broken support to confirm the validity of the trade. Proper risk management with a well-placed stop-loss and a defined target ensures controlled exposure to market fluctuations.
๐ Overall Bias: Bearish ๐
๐ Key Watch Areas: Retest of 33.50 for Short Confirmation
Silver is bearish setup, with Resistance Support and Demand zoneHello Trading view family, hope you are doing well and making desired profits.
My analysis about silver is bearish key levels are given below..
What do you think about it share in comment section.
Key Level;
Sell from 34.045
SL at 34.250
TP at 33.720
Note: This for educational purposes, trade at your own risk.
Kindly support me like and comment your thoughts.
Silver Analysis โ March 19, 2025#Silver Analysis โ March 19, 2025 โจ๐
Silver continues to attempt staying close to the upper line of the ascending channel for another retest in yesterday's trading but failed to break the resistance point intersecting with the upper line of the channel. Will silver break higher, or is a correction approaching? ๐ค
๐น Bullish Scenario:
โ
Holding above 34.25 on a daily close will trigger a strong upward move towards 34.90, the highest level reached in several years! ๐
โ
If it breaks above 34.90, silver could extend towards 35.50 and 36.20.
โ
Silver is still close to the upper channel line, supporting the continuation of the bullish trend.
๐น Corrective Scenario:
โ Any corrective pullback must stay above 31.65, or breaking below this level and closing below it will make it difficult to return to higher prices! ๐
โ The Relative Strength Index (RSI) suggests that the upward movement is nearing its endโare we due for a correction soon? ๐ฏ
โ If 31.65 is broken, silver could fall towards 30.80 and 29.95.
๐ Conclusion:
๐น Holding above 34.25: Supports further upward movement towards 34.90 and possibly higher! ๐
๐น Breaking below 31.65: Could trigger a downward correction towards 30.80 and 29.95.
๐น Will we see a breakout to the upside or is a correction imminent? ๐คจ๐
๐ข What do you think? Will silver break 34.90 soon, or is a correction on the way? ๐๐
#Silver ๐ฅ #Trading ๐ #XAGUSD ๐๐ #Markets #Forex #Investing ๐
Silver updateHow are you my friends
Last time we updated silver around entry points from 29,700 and 28,600 areas
And the points are as you see in the chart as targets
And today we see a very good rise with the rise of gold
We will monitor and update again but we must be careful of the decline of gold which poses a risk to silver as well with a sharp decline
But any decline does not mean a collapse, but on the contrary it will be a new and good buying opportunity