1. Technical Analysis Summary:
Daily Chart (Long-Term Trend)
• Trend: Strong bullish structure, recent consolidation after breakout above $30.
• MACD: Histogram tapering but still positive — momentum cooling but bullish bias intact.
• RSI (48.70): Neutral zone, not overbought or oversold — room for upside continuation.
• Price Action: Holding near previous resistance-turned-support around $32.40.
15-Min Chart (Intraday Context)
• Trend: Pullback from recent highs, but signs of base forming near $32.40.
• MACD: Still bearish, but histogram is flattening — suggesting downside momentum weakening.
• RSI (42.98): Near oversold territory — early sign of bounce potential.
3-Min Chart (Entry Timing)
• MACD: Just flipped bullish (signal line crossover), bullish divergence spotted.
• RSI (61.34): Rebounding strongly — confirmation of short-term bullish momentum.
• Price Action: Higher lows forming; reclaiming the 20 EMA.
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2. Fundamental Backdrop (as of May 2025):
• Dovish Fed stance and expectations of interest rate cuts continue to support metals.
• Global macro uncertainty (inflation, geopolitical tensions) keeps demand for silver intact.
• Industrial demand for silver remains strong due to green energy initiatives.
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3. Trade Setup (Long Position):
Bias: LONG XAGUSD
• Entry: 32.43 (current price, confirming breakout on 3M chart)
• Stop Loss (SL): 31.90 (below recent intraday low and structure support)
• Take Profit (TP): 33.80 (previous swing high from April, daily resistance zone)
XAGUSD
Daily Chart (Long-Term Trend)
• Trend: Strong bullish structure, recent consolidation after breakout above $30.
• MACD: Histogram tapering but still positive — momentum cooling but bullish bias intact.
• RSI (48.70): Neutral zone, not overbought or oversold — room for upside continuation.
• Price Action: Holding near previous resistance-turned-support around $32.40.
15-Min Chart (Intraday Context)
• Trend: Pullback from recent highs, but signs of base forming near $32.40.
• MACD: Still bearish, but histogram is flattening — suggesting downside momentum weakening.
• RSI (42.98): Near oversold territory — early sign of bounce potential.
3-Min Chart (Entry Timing)
• MACD: Just flipped bullish (signal line crossover), bullish divergence spotted.
• RSI (61.34): Rebounding strongly — confirmation of short-term bullish momentum.
• Price Action: Higher lows forming; reclaiming the 20 EMA.
⸻
2. Fundamental Backdrop (as of May 2025):
• Dovish Fed stance and expectations of interest rate cuts continue to support metals.
• Global macro uncertainty (inflation, geopolitical tensions) keeps demand for silver intact.
• Industrial demand for silver remains strong due to green energy initiatives.
⸻
3. Trade Setup (Long Position):
Bias: LONG XAGUSD
• Entry: 32.43 (current price, confirming breakout on 3M chart)
• Stop Loss (SL): 31.90 (below recent intraday low and structure support)
• Take Profit (TP): 33.80 (previous swing high from April, daily resistance zone)
XAGUSD Note
TRADE STILL ACTIVE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.