SILVER trade ideas
Potential bullish rise?XAG/USD has bounce off the support level which is a pullback support that aligns with the 38.2% and the 23.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 30.52
Why we like it:
There is a pullback support level that lines up with the 38.2% and the 23.6% Fibonacci retracement.
Stop loss: 29.57
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Take profit: 31.93
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
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SILVER: Local Bullish Bias! 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 30.949 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 31.206.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
XAG getting ready for another run down.I believe XAG has finished the blue ((c)) of green (iv) with an ending diagonal, and now doing the first 1-2 of the green (v) wave of gray ((c)).
The price might do a very small retrace to 31.12 before starting a 3rd wave down.
I believe the green (v) is going to the green box area at 28.15 - 27.40 area.
But I actually have a weekly trendline lower down, which the price might want to go won and test, which also fits with the idea that the (v) wave could go all the way to the 100% Fiblevel of (i)+(iii) level.
This would mean the price would probably test the 25.0 level.
Silver Remains Volatile Amid Trade War and Recession FearsSilver stayed above $30.50 per ounce on strong safe-haven demand amid U.S.-China trade tensions. Prices held a 3.5% gain after President Trump announced a 90-day tariff pause and a 10% rate for all but China, which now faces a 125% tariff. China raised tariffs on U.S. goods to 84%, and the EU approved duties on €21 billion of American exports. Fed minutes showed concerns about stagflation and the impact of Trump’s trade policies. Markets now await March U.S. inflation data on Thursday for clues on the Fed’s next move.
Technically, the first resistance level is located at 31.50. In case of its breach 32.15 and 33.30 could be monitored respectively. On the downside, the first support is at 30.20. 29.50 and 29.20 would become the next support levels if this level is passed.
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.
Silver H4 | Pullback resistance at 61.8% Fibonacci retracementSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 31.98 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Stop loss is at 33.30 which is a level that sits above the 78.6% Fibonacci retracement and a pullback resistance.
Take profit is at 30.49 which is a pullback support.
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Silver (XAGUSD) might have launched into the next leg higherSilver (XAGUSD) has hit a key turning point after dropping from its October 23, 2024 peak. This decline unfolded in three distinct swings, following a zigzag pattern known as an Elliott Wave structure. Starting from that high, the first drop (wave A) landed at 29.68, followed by a bounce (wave B) to 34.58. Then, the final slide (wave C) bottomed out at 28.328, as seen on the hourly chart. This marked the end of a larger correction phase, called wave (4). Silver found its footing in a critical support zone between 24.86 and 28.56—a range calculated using Fibonacci tools, stretching 100% to 161.8% of the drop from the October high.
Now, silver is climbing again in what’s labeled wave (5). To confirm this upward trend, it needs to break past the prior peak of 34.86 from wave (3); otherwise, it might face another dip. Since bottoming out on April 7, 2025, at 28.328, silver rose to 30.81 (wave (i)), then eased back to 29.31 (wave (ii)). For now, as long as the 28.32 level holds firm, silver seems set to keep rising in the short term, offering hope for bullish traders.
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!
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Get Ready for the Silver Surge!🚀 Get Ready for the Silver Surge! 🚀
Hey there, silver enthusiasts! 🌟
We're diving into an exciting trend that’s shaping up right at the golden crab level—yes, we’re talking about that sweet spot of **$28.5!**
This is your chance to capitalize on the impending rise in silver prices! With all indicators pointing upwards, now's the perfect time to consider adding some silver to your portfolio.
SILVER: The Market Is Looking Down! Short!
My dear friends,
Today we will analyse SILVER together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 30.436 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
Yields and Trade Wars Induce Silver InstabilitySilver dropped below $30 per ounce, hitting $29.57 on April 4, its lowest since mid-January, as rising U.S. Treasury yields made non-yielding assets less attractive. The U.S. announced a 104% tariff on Chinese imports starting at midnight, intensifying trade war concerns. Although over 70 countries have reportedly requested tariff relief, market sentiment remains cautious. The EU’s retaliatory tariff plans further fueled risk aversion, pressuring industrial metals. Still, expectations of Fed rate cuts and safe-haven demand offer some support.
Technically, the first resistance level is located at 30.90. In case of its breach, 31.40 and 32.50 could be monitored respectively. On the downside, first support is at 29.00. 28.40 and 27.50 would become the next support levels if this level is passed.
XAGUSD Trade Plan: 1D Support, Liquidity Grab, & Bullish Setup!Silver (XAGUSD) is currently exhibiting signs of being overextended, as evidenced by its recent price action on the daily and 4-hour timeframes. The metal has traded into a critical support zone, marked by previous lows on the daily chart. This zone represents a significant area of interest, as it has historically acted as a key level for buyers to step in. However, the current price action has dipped below these lows, eating into sell-side liquidity in the form of stop-loss orders placed beneath this level. This liquidity grab is a classic move often seen in markets before a potential reversal.
On the 15-minute timeframe, the price is consolidating within a range, suggesting a possible accumulation. A break above this range, accompanied by a bullish market structure shift, could signal the beginning of a reversal and provide a compelling buy opportunity. This aligns with the idea of a "spring" in Wyckoff theory, where price manipulates liquidity before reversing direction.
Traders should remain patient and wait for confirmation of a bullish breakout on the lower timeframe before entering long positions. Key factors to monitor include strong bullish momentum, a clear break of the range, and the formation of higher highs and higher lows. Until these conditions are met, caution is advised, as the current downtrend could persist. 📉➡️📈
Key Levels to Watch:
Support Zone: Previous daily lows (now acting as a liquidity zone).
Resistance Zone: The upper boundary of the current 15-minute range.
Trading Plan:
Wait for a break of the 15-minute range to the upside. 🚀
Look for a bullish market structure shift (higher highs and higher lows). 📊
Enter long positions with a tight stop-loss below the range low. 🛡️
Target key resistance levels on the 4-hour and daily timeframes for potential take-profit zones. 🎯
This analysis highlights the importance of patience and discipline in trading. While the current setup is promising, confirmation is key to avoid premature entries. As always, this is not financial advice, and traders should conduct their own due diligence before making any decisions. ⚠️
Silver Tested Key Resistance LevelFenzoFx—Silver tested the $30.81 resistance level today. If this holds, the downtrend may resume, targeting $28.75 and possibly $27.73 if selling pressure persists.
A bullish reversal could occur if XAG/USD exceeds and stabilizes above $30.81.
>>> Trade XAG/USD at FenzoFx Decentralized Forex Broker.
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❤️