Silver – Breaking Higher, But Harmonic Patterns Signal CautionFX_IDC:XAGUSD
Silver has broken above the $32.62 resistance, confirming bullish momentum and clearing the way for continued upside. However, traders should be aware of key harmonic resistance zones now coming into view.
A bearish alt-bat pattern is projected around $33.44, while a bearish crab pattern emerges near $34.22, aligning with the 161.8% Fibonacci extension zone. Both levels mark potential exhaustion points where price could face meaningful resistance and possibly reverse.
🧭 Key Zones to Monitor:
Broken Resistance: $32.62
Bearish Alt-Bat PRZ (113% Fib Ext.): $33.44
Bearish Crab PRZ (161.8% Fib Ext.): $34.22
📌 Upside is active, but heavy harmonic resistance ahead. Watch for reaction at $33.44 and $34.22.
Happy Trading,
André Cardoso
SILVERCFD trade ideas
Silver Outlook: Consolidation Continues Amid Tech and Haven HypeDespite Nasdaq's recent 400-point pullback from the 21,446 high, silver has extended its one-month consolidation, with momentum and price action suggesting the calm before the breakout.
The intersection of haven demand and renewed interest in tech-sector investments—particularly around AI—could reestablish silver as a preferred alternative asset.
From a daily time frame perspective, Silver is consolidating both in price and momentum. A decisive close above the $33 level could pave the way toward $33.70, $34.30, and $35.
On the downside, a break below $31.60 could trigger losses toward $31, $30.30, and $29.50.
Written by Razan Hilal, CMT
SILVER INTRADAY supported at 3190Key Support and Resistance Levels
Resistance Level 1: 3332
Resistance Level 2: 3365
Resistance Level 3: 3409
Support Level 1: 3188
Support Level 2: 3138
Support Level 3: 3090
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
XAUUSD Double Top Breakdown & Target – Bearish Reversal in Play?In today’s analysis, we focus on Silver (XAG/USD) on the daily timeframe, which is currently presenting a high-probability bearish reversal setup. The price action has completed a Double Top pattern — a classic reversal formation — and has broken down below its neckline support, signaling a potential shift in momentum from bullish to bearish.
This chart setup is particularly valuable for swing traders, pattern traders, and anyone seeking to anticipate mid-term directional moves in the commodities market.
📐 Technical Breakdown:
🔷 1. Double Top Formation:
The Double Top pattern forms after a sustained uptrend and is identified by two peaks at nearly the same level.
In this case:
Top 1 formed near $35.5.
Top 2 retested the same zone but failed to break above.
The neckline support — drawn across the $28 zone — was eventually broken.
This price action confirms the classic M-shaped structure, signaling distribution and potential bearish continuation.
🔷 2. Neckline and Breakdown:
After failing at Top 2, price dropped below the neckline, breaking critical horizontal support.
This move completed the pattern, triggering many technical sell signals.
Price is now retesting the neckline zone, a common phenomenon where broken support becomes resistance (known as a "retest").
This retest offers a textbook short opportunity if bearish confirmation follows.
🔷 3. Curve Resistance:
The upper curved blue line represents dynamic resistance.
It has successfully capped price action across multiple attempts and aligns with the pattern's second top — enhancing the strength of this rejection area.
🧱 Support & Resistance Zones:
Resistance Zone: $34.50–$35.50
Strong resistance from both peaks (Top 1 & Top 2) and historical sellers.
Neckline / Retest Zone: ~$28.00
Now acting as resistance — this is the critical level to watch for rejection or breakout.
Support Zones / Take-Profit Levels:
TP1: ~$26.40 — aligns with recent horizontal structure and minor support.
TP2: ~$22.58 — matches major historical support and measured move projection from the Double Top pattern.
📉 Measured Move Target (Pattern Projection):
To calculate the target from a Double Top:
Measure the height from top to neckline.
Project that downward from the neckline’s breakout point.
In this case:
Height: ~$35.5 – $28 = $7.5
Breakdown point: $28 – $7.5 = Target near $20.5–22.5
The TP2 at $22.58 matches this logic — further validating the downside potential.
🔄 Market Psychology & Sentiment:
This pattern reflects a shift in sentiment:
Bulls tried and failed twice to push through resistance.
The eventual breakdown shows bearish conviction, and the ongoing retest represents a decision point.
If sellers hold this level, we could see a cascade of downside pressure as stops are triggered and momentum builds.
🛠️ Trade Setup & Scenarios:
📌 Scenario 1 – Bearish Continuation (High Probability):
If price fails to reclaim the neckline (now resistance) and forms bearish confirmation (e.g., engulfing candle, rejection wick, breakdown below $31), this confirms a likely move toward TP1 and TP2.
Entry Idea: Short on rejection from the $28–$29 zone
Stop-Loss: Above $30
TP1: $26.40
TP2: $22.58
📌 Scenario 2 – Invalidated Pattern:
If bulls push price back above the neckline ($29–$30 zone) with strong volume and daily close, this invalidates the setup and may lead to:
Bullish continuation toward $32–$34
Possible trend resumption if curve resistance breaks
🧠 Educational Notes:
Double Tops are most reliable when:
Formed at the top of strong uptrends.
Followed by a neckline break with volume.
Retested with rejection.
The retest phase is often the best risk/reward entry because:
It confirms resistance.
Offers clear invalidation levels.
Keeps your stop tight while targeting deeper moves.
📢 Final Thoughts:
Silver is currently at a critical technical juncture. The Double Top breakdown has played out, and now all eyes are on the retest. If bears defend the neckline, this setup provides a strong case for continued downside, offering a clean structure with well-defined targets.
⚠️ Risk Management is crucial — always manage your position size and respect invalidation zones.
Market next move 1. False Breakout from Resistance Zone
Disruption: The price is testing a resistance zone (marked red box). If it fails to hold above this zone and falls back below 32.70, it could signal a bull trap.
Impact: This could invalidate the projected upward move and initiate a drop toward 32.20 or lower.
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2. Divergence Warning
Disruption: If momentum indicators (RSI, MACD—not visible here) show bearish divergence while price climbs, it’s a warning sign of weakening buying pressure.
Impact: This often precedes a pullback or reversal despite bullish chart patterns.
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3. Lack of Volume Confirmation
Disruption: The breakout is not supported by a significant increase in volume (volume bar is relatively modest).
Impact: Weak volume may mean the breakout lacks conviction and can reverse quickly.
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4. Overhead Liquidity Zone Near 34.04
Disruption: The projected target of 34.0448 could act as a liquidity magnet, but also a selling zone where large orders may get filled.
Impact: Price might spike into that area and reverse sharply.
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5. Macroeconomic Uncertainty
Disruption: Unexpected Fed comments, inflation data, or geopolitical shifts can cause Silver to defy technical expectations.
Impact: Could result in abrupt volatility that wipes out structured setups.
SILVER BEARS WILL DOMINATE THE MARKET|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,240.9
Target Level: 3,210.7
Stop Loss: 3,261.1
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
SILVER My Opinion! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 32.284
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 32.607
Recommended Stop Loss - 32.097
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Silver Long-Term Outlook: Wyckoff, Fibonacci & Volunacci in PlayOn the monthly chart, Silver is showing a strong setup for long-term investors. We can clearly identify two adjacent Wyckoff accumulation patterns, signaling institutional accumulation phases.
Price action is following an ascending Fibonacci channel, reflecting a steady bullish structure. After breaking out of the second Wyckoff pattern, a Volunacci projection has formed—pointing toward a potential move to retest its historical high near $48.
This alignment of classic technical patterns with volume-based projection tools strengthens the long-term bullish case for Silver.
SILVERSilver and US Dollar Correlation
Inverse Relationship
Silver and the US dollar (measured by the DXY index) have a strong inverse correlation. When the US dollar weakens, silver prices typically rise, and when the dollar strengthens, silver prices tend to fall. This relationship is rooted in silver being priced in dollars globally:
A stronger dollar makes silver more expensive for buyers using other currencies, reducing demand and putting downward pressure on prices.
A weaker dollar makes silver cheaper for foreign investors, boosting demand and driving prices higher.
Key Technical Levels: A breakdown below critical DXY levels (like 99.50) is often seen as a trigger for rapid dollar devaluation, which can spark explosive upward moves in silver prices.
Safe-Haven Demand: Geopolitical tensions or economic uncertainty can also drive demand for silver as a safe-haven asset, sometimes amplifying the inverse correlation with the dollar.
Other Influences: While the inverse correlation is strong, silver prices are also affected by factors such as interest rates, inflation, industrial demand, and mining supply. At times, these factors can override the dollar’s influence, especially in the short term.
Historical and Statistical Context
Quarterly and annual data consistently show a negative correlation coefficient between silver and the DXY, though the strength of this correlation can vary depending on broader market conditions.
For example, in 2020, as the DXY fell, silver prices rose sharply; the opposite occurred in 2022 when the dollar strengthened.
Summary Table
Dollar Trend Silver Price Impact
Dollar strengthens Silver usually falls
Dollar weakens Silver usually rises
In summary:
Silver prices generally move opposite to the US dollar. This inverse correlation is fundamental to the silver market and is closely watched by traders and investors. However, other macroeconomic and market-specific factors can sometimes temporarily weaken or override this relationship.
Riding the Industrial RallySilver is making another attempt to break through the local high at 33.25.
If it breaks out, I’ll be adding to my long position.
For those not yet in the trade, this breakout could present a good opportunity to enter a long with limited risk. In that case, it's best to place a stop just below today’s low.
Silver INTRADAY sideways consolidation Key Support and Resistance Levels
Resistance Level 1: 3332
Resistance Level 2: 3365
Resistance Level 3: 3409
Support Level 1: 3188
Support Level 2: 3138
Support Level 3: 3090
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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 33.222 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❤️
XAGUSD - UniverseMetta - Signal#XAGUSD - UniverseMetta - Signal
D1 - Formation of ABC structure in continuation of the uptrend.
H4 - Formation of triangular formation + 3rd wave. Stop behind the local minimum of the 1st wave.
Entry: 32.66649
TP: 33.24391 - 34.07865 - 34.95104 - 36.94689
Stop: 31.63719
SILVER: Long Trade with Entry/SL/TP
SILVER
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long SILVER
Entry Point - 32.284
Stop Loss - 32.071
Take Profit - 32.675
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
Market next target 1. Mislabeling of Support Area
The red box is labeled as a support area, but price is approaching from below, not above—so technically, this should be called a resistance area.
Until price closes above it with volume, it cannot be assumed to act as support.
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2. Volume Misinterpretation
The volume does not strongly support a breakout. The latest green bars are not significantly larger than prior volume, implying limited bullish conviction.
Lack of volume surge through resistance is often a false breakout indicator.
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3. Single Scenario Bias
The analysis shows only an upside (bullish) projection, ignoring bearish possibilities.
If price gets rejected from resistance, there’s a strong chance of a pullback to $33.00 or lower, especially with weak momentum.
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4. No Confirmation Indicators
The chart lacks confirming technical indicators like RSI, MACD, or trendlines to validate the bullish scenario.
Price could be forming a lower high, indicating a possible continuation of the downtrend.
Silver SurgeHello traders,
Hopefully everyone is doing and performing well.
My trade-idea finally shaped up after a few weeks on Silver. Patience pays:
Silver has formed a 4H corrective structure in the shape of a running channel / 3-touch flag with an accepted override. While the flag itself doesn't make the setup highly probable on its own, the higher time frame (HTF) still supports a bullish trend. Recent near-misses of previous highs suggest potential for downside liquidity grabs, but the correction may have built up enough volume to push price toward the third touch of the weekly running channel. Clockwork in the making.
XAGUSD H4 I Bullish Bounce Off Based on the H4 chart analysis, the price is falling toward our buy entry level at 31.26, a pullback support.
Our take profit is set at , a pullback resistance.
The stop loss is placed at 30.47, a pullback support.
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