Bullish momentum to extend?The Silver (XAG/USD) is falling towards the support level which is an overlap support and could bounce from this level to the upside.
XAGUSD trade ideas
XAG/USD Rising Wedge Breakdown To Bearish Trade Setup1. Overview of the Chart
This chart represents Silver (XAG/USD) on the 4-hour timeframe from the OANDA exchange. The price action has formed a Rising Wedge pattern, which is a classic bearish reversal formation. This suggests that a potential breakdown could lead to a significant decline in price.
2. Chart Pattern: Rising Wedge Formation
A Rising Wedge consists of a narrowing price range with higher highs and higher lows, but the slope of the support line (bottom trendline) is steeper than the resistance line (top trendline).
This signals weakening bullish momentum, as buyers are struggling to push the price higher, and sellers are stepping in.
Rising Wedges typically break downward due to the loss of buying strength.
3. Key Technical Levels and Market Structure
A. Resistance Level (Highlighted in Beige Box - $34.50 to $34.80)
This zone has acted as a supply area, where price struggles to break higher.
The price touched this level multiple times, failing to hold above it, which increases the probability of a reversal.
B. Support Level (Highlighted in Blue Box - Around $33.50)
This is a critical short-term support where buyers previously stepped in.
A break below this zone would indicate a confirmation of the wedge breakdown and further downside potential.
C. Stop Loss Level (Marked at $34.80)
Placed above the resistance zone, ensuring protection if price invalidates the pattern and moves higher instead.
This aligns with a logical risk-management strategy to minimize losses if the setup fails.
D. Bearish Breakdown Projection & Target (Marked at $30.46)
The projected target aligns with previous structure support, meaning price may find buyers around this level.
This level is determined by measuring the height of the wedge and projecting it downward from the breakout point.
4. Trading Strategy & Execution Plan
📌 Short (Sell) Trade Setup:
Entry:
Enter a short position once price breaks below the lower trendline of the wedge with strong bearish momentum (e.g., a big red candle closing below support).
A possible retest of the broken support could provide a second entry opportunity.
Stop Loss:
Set at $34.80, above resistance, to ensure the trade is protected against invalidation.
Take Profit (Target):
First target: $32.50 (psychological level and minor support).
Final target: $30.46 (major support and full pattern breakdown projection).
5. Market Psychology & Confirmation Signals
Why This Setup is Bearish?
Price action shows higher highs but with decreasing strength, signaling bull exhaustion.
The Rising Wedge is a well-known bearish structure, and its breakdown typically leads to a strong sell-off.
Volume confirmation: If the breakdown happens with high volume, it strengthens the bearish case.
What to Watch For?
A decisive bearish candle closing below the wedge support confirms the short setup.
If price retests the broken trendline and fails to reclaim it, it provides a second opportunity for entry.
Avoid entering if price consolidates near resistance instead of breaking down.
6. Conclusion: Bearish Bias & Trading Edge
The Rising Wedge formation suggests that Silver is losing bullish momentum and could break down.
Key levels and structure provide a well-defined trade setup, ensuring a good risk-to-reward ratio.
Traders should wait for a confirmed breakdown before entering a short position.
📉 Bearish Outlook – Price likely to drop toward $30.46 target
⚠️ Risk Management is crucial – Stop Loss at $34.80
🎯 Breakdown confirmation needed before entering short positions
Would you like me to refine any part or add more insights? 😊
SILVER - Important BreakoutHello Traders !
The Silver price broke the resistance level (33.390 - 32.900).
This key level becomes new support !
So, I expect a bullish move🚀
______________
TARGET: 34.400🎯
silver long term - buyElliot wave analysis suggests a correction ending around 28.25 or 26.20.
We need a short-term bullish retracement before continuing the downtrend towards our sell TP at 28.25.
If the price respects this area, a new uptrend is possible.
This is a long-term analysis.
XAGUSDSilver right now giving a new upward impulse, possible formation of a final diagonal and then making a much larger correction.
XAG/USD Bullish Setup - Falling Wedge Breakout Towards TargetChart Overview
Asset: Silver / U.S. Dollar (XAG/USD)
Timeframe: 1-hour (1H)
Date and Time: Published on April 2, 2025, at 11:17 UTC
Publisher: GoldMasterTraders on TradingView
Current Price (at the time of the chart):
Open: 33.82300
High: 33.89005
Low: 33.79435
Close: 33.88880
Change: -0.05780 (-0.20%)
Price on the Right Axis: The price scale ranges from approximately 32.80000 to 35.25000, with the current price around 33.88880.
Chart Elements and Technical Analysis
1. Candlestick Price Action
The chart displays a 1-hour candlestick representation of XAG/USD, showing price movements from late March to early April 2025.
Trend Context:
Prior to the formation of the pattern, the price experienced a sharp rally from around 32.80000 (March 21) to a high near 34.60000 (March 27). This indicates a strong bullish trend.
Following this rally, the price entered a consolidation phase, forming lower highs and lower lows, which is characteristic of the Falling Wedge pattern.
Recent Price Action:
On April 2, the price appears to have broken out of the wedge pattern, closing above the upper trendline with a strong bullish candle. The current price of 33.88880 is above the breakout level, suggesting a potential continuation of the uptrend.
2. Chart Pattern: Falling Wedge
Pattern Identification:
The chart highlights a Falling Wedge pattern, a bullish chart pattern that can act as either a reversal or continuation pattern. In this case, given the preceding uptrend, it’s likely a continuation pattern.
A Falling Wedge is characterized by two converging trendlines:
Upper Trendline (Resistance): Connects the lower highs, sloping downward.
Lower Trendline (Support): Connects the lower lows, also sloping downward but at a less steep angle than the upper trendline.
The wedge started forming around March 27, after the price peaked near 34.60000, and continued until the breakout on April 2.
Pattern Dynamics:
The narrowing range between the trendlines indicates decreasing selling pressure and a potential buildup of buying interest.
Falling Wedges typically resolve with a breakout to the upside, as the price breaks above the upper trendline, signaling a resumption of the prior trend (bullish in this case).
Breakout Confirmation:
The price broke above the upper trendline of the wedge on April 2, with a strong bullish candle closing at 33.88880. This breakout is a key signal for a potential upward move.
The breakout level appears to be around 33.85000–33.90000, and the price is currently holding above this level, which is a positive sign for bulls.
3. Key Support and Resistance Levels
Support Level:
A horizontal support zone is marked around 33.58553 (approximately 33.58–33.60).
This level acted as a significant support during the wedge formation, with the price bouncing off this zone multiple times (e.g., on March 28 and March 31).
The support level aligns with the lower boundary of the wedge, reinforcing its importance as a key area of buying interest.
Resistance Level:
A resistance zone is marked around 34.60000 (approximately 34.60–34.80).
This level corresponds to the high reached on March 27, before the wedge formation began. It represents a significant barrier where selling pressure previously emerged.
After the breakout, the price is expected to test this resistance as part of the bullish move.
Target Level:
The target for the breakout is projected at 34.82470 (approximately 34.82).
This target is likely calculated using the standard method for wedge patterns: measuring the height of the wedge at its widest point (from the highest high to the lowest low within the pattern) and projecting that distance upward from the breakout point.
The target of 34.82470 is just above the resistance zone, suggesting that a break above 34.60000 could lead to further upside toward this level.
4. Stop Loss and Risk Management
Stop Loss:
The stop loss is suggested below the support level at 33.58553.
Placing the stop loss below this level ensures that if the breakout fails and the price falls back into the wedge, the trade is exited with a controlled loss.
The distance from the breakout level (around 33.90000) to the stop loss (33.58553) is approximately 0.31447, which represents the risk on the trade.
Risk-Reward Ratio:
The chart indicates a risk-reward ratio of 0.9467 (2.80% / 9,469.7).
The potential reward is the distance from the breakout level (33.90000) to the target (34.82470), which is approximately 0.92470, or a 2.80% gain.
The risk is the distance to the stop loss (0.31447), making the risk-reward ratio approximately 2.94:1 (0.92470 / 0.31447), which is favorable for a trading setup.
5. Additional Annotations
Arrows and Labels:
A blue arrow labeled “Falling Wedge” points to the pattern, clearly identifying it for viewers.
A green arrow labeled “Support Level” points to the 33.58553 zone, indicating where buyers have stepped in.
A red arrow labeled “Resistance Level” points to the 34.60000 zone, highlighting the next significant barrier.
A blue arrow labeled “Target” points to 34.82470, showing the projected price objective.
A blue arrow labeled “Stop Loss” points to 33.58553, indicating the risk management level.
Price Labels on the Right Axis:
The right axis shows key price levels, with the current ask price at 33.89900 (red) and bid price at 33.88558 (black), reflecting the live market spread.
Trading Setup Breakdown
Based on the chart, here’s the detailed trading setup:
Entry:
Position: Long (buy) XAG/USD.
Entry Point: The setup suggests entering after the price breaks out above the upper trendline of the Falling Wedge, which occurred around 33.85000–33.90000 on April 2.
Confirmation: The breakout is confirmed by a strong bullish candle closing above the trendline, with the current price at 33.88880, slightly below the high of 33.89005 but still above the breakout level.
Traders might wait for a retest of the breakout level (now acting as support) for a safer entry, though this isn’t explicitly suggested in the chart.
Stop Loss:
Level: Place the stop loss below the support level at 33.58553.
Rationale: This placement protects against a false breakout. If the price falls back below the wedge’s upper trendline and breaches the support, the bullish thesis is invalidated, and the trade should be exited.
Risk: The distance from the entry (33.90000) to the stop loss (33.58553) is 0.31447, or approximately 0.93% of the entry price.
Take Profit/Target:
Level: The target is set at 34.82470.
Rationale: This target is derived from the height of the wedge projected upward from the breakout point. It also aligns with a logical extension beyond the resistance at 34.60000.
Reward: The distance from the entry (33.90000) to the target (34.82470) is 0.92470, or approximately 2.80% of the entry price.
Risk-Reward Ratio:
The risk-reward ratio is approximately 2.94:1, which is attractive for a trading setup. For every unit of risk (0.31447), the potential reward is nearly 3 units (0.92470).
Trade Management:
Trailing Stop: Once the price approaches the resistance at 34.60000, traders might consider trailing the stop loss to lock in profits, especially if the price shows signs of stalling.
Partial Profit Taking: Some traders might take partial profits at the resistance level (34.60000) and let the remaining position run toward the target.
Broader Market Context
Trend Analysis:
The broader trend before the wedge was bullish, as evidenced by the rally from 32.80000 to 34.60000. The Falling Wedge, therefore, acts as a consolidation within this uptrend, and the breakout suggests a continuation of the bullish trend.
The price action after the breakout will be critical. A strong move toward 34.60000 with high volume would confirm the bullish momentum.
Volume and Momentum:
The chart doesn’t display volume or momentum indicators (e.g., RSI, MACD). However, a typical confirmation of a Falling Wedge breakout includes:
Volume: An increase in volume on the breakout candle, indicating strong buying interest.
Momentum: A bullish signal from indicators like RSI (e.g., moving above 50 or 70) or MACD (e.g., a bullish crossover).
Traders should check these indicators to validate the breakout’s strength.
Market Factors:
Silver prices are influenced by factors like U.S. dollar strength, interest rates, inflation expectations, and geopolitical events. On April 2, 2025, traders should consider:
U.S. Dollar Index (DXY): A weakening dollar typically supports higher silver prices.
Economic Data: Key releases like U.S. non-farm payrolls, inflation data, or Federal Reserve statements around this time could impact silver.
Geopolitical Events: Any risk-off sentiment (e.g., due to global tensions) could drive safe-haven demand for silver.
Potential Risks and Considerations
False Breakout:
If the price fails to hold above the breakout level (33.85000–33.90000) and falls back into the wedge, the setup is invalidated. The stop loss at 33.58553 mitigates this risk.
Resistance at 34.60000:
The resistance level has previously capped the price, and there’s a risk of rejection at this level. Traders should watch for bearish price action (e.g., a shooting star or bearish engulfing candle) near 34.60000.
Market Volatility:
Silver can be volatile, especially on a 1-hour timeframe. Unexpected news or economic data could lead to sharp price swings, potentially triggering the stop loss prematurely.
Timeframe Limitations:
This is a short-term setup on a 1-hour chart, so the target might be reached within hours to a couple of days. However, intraday noise could lead to choppy price action, requiring active trade management.
Conclusion
The TradingView chart by GoldMasterTraders presents a well-structured bullish trading setup for XAG/USD based on a Falling Wedge pattern. The price has broken out above the wedge’s upper trendline on April 2, 2025, signaling a potential move toward the target of 34.82470. Key levels include support at 33.58553 (where the stop loss is placed) and resistance at 34.60000, which the price must overcome to reach the target. The setup offers a favorable risk-reward ratio of approximately 2.94:1, making it an attractive trade for short-term traders.
However, traders should confirm the breakout with additional indicators (e.g., volume, RSI) and monitor broader market conditions, as this chart is a snapshot from April 2, 2025, and market dynamics may have evolved since then. If you’d like to search for more recent data on XAG/USD or check the outcome of this setup, I can assist with that!
SILVER Trend Following Long! Buy!
Hello,Traders!
SILVER is trading in an
Uptrend along the rising
Support line and the price
Is about to retest it so
We are bullish biased
And after the retest we
Will be expecting a
Further bullish rebound
And a move up
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.
#XAGUSD – Silver OutlookHere’s your refined and engaging version of the **#XAGUSD (Silver)** analysis, with improved grammar, flow, and added emojis for platforms like TradingView, Instagram, or Telegram:
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## ⚪ **#XAGUSD – Silver Outlook**
🔮 **What I'm Watching:**
Price is likely to **tap into the Daily Order Block** in the **$28.40–$29.00** area,
which aligns closely with the **0.50 Fibonacci retracement** level 📏.
📌 This zone could act as a **strong reaction point** for buyers.
🕵️ **What to Look For:**
If silver shows **bullish rejection signs** from this zone — ideally a **bullish H4 candle** forming right after tapping it —
then a **small buy setup** could be considered 🎯.
---
📌 As always, wait for proper confirmation — don’t jump in blindly.
Want me to make a visual version for Instagram or share a lower timeframe setup next?
---
Silver (XAG/USD) – Long Setup IdeaSilver (XAG/USD) – Long Setup Idea
Silver is currently trading around $31.30, while gold has surpassed the $3,000 mark, pushing the Gold/Silver Ratio (GSR) above 99 – a level that historically signals strong upside potential for silver. Industrial demand is surging, especially from solar energy, EVs, and electronics, with silver consumption expected to exceed 700 million ounces in 2025. Analysts from Capital Economics, UBS, and Citi forecast a price target of $36–38 in the next few months, supported by a persistent supply deficit and investor rotation from gold into undervalued silver.
🎯 Take Profit: $36.00
⏱️ Timeframe: 1–3 months
📊 Bias: Bullish
📉 Risk: Correction below $29 in case of weak macro or strong USD
SILVERThis chart shows Silver (XAG/USD) on a 4-hour timeframe with important levels and technical patterns marked. Here's a breakdown and analysis of the chart:
Key Observations:
1. Price Structure:
- The price of Silver has been moving in an ascending channel (marked by the blue trendlines), indicating a bullish trend over the period shown on the chart. The price makes higher highs and higher lows in a structured fashion.
- Recently, the price reached the upper boundary of the channel and reversed, signaling a potential price correction.
2. FVG (Fair Value Gap):
- The FVG (Fair Value Gap) is marked twice in the chart (at 32.40 - 32.50 and 33.10 - 33.40). An FVG represents an area where the market experienced a sharp price movement, leaving an imbalance. Price tends to return to fill these gaps, so the market could retrace to fill the FVG zones before continuing in either direction.
- The FVG gap around 33.10 - 33.40 is particularly important as it has already seen a retest and can potentially act as resistance now.
3. Order Block:- An order block is identified around the 33.40 - 33.60 range, suggesting this is a key resistance zone. If the price approaches this level again, it could face selling pressure, which may result in further downside if the market fails to break above it.
4. Support Level:
- The support level is indicated around 32.00 (just above the FVG gap), which could act as a strong floor for the price. If the price retraces lower, this zone is likely to act as a buying opportunity, providing strong support before any further upward movement.
5. Recent Drop:
- The price has recently made a sharp bearish move from the upper boundary of the channel, signaling a correction from the recent high of 33.40. The market is likely testing the support level at 32.00 or the FVG zones.
Potential Scenarios:
1. Bearish Continuation:
- The price has recently broken below the FVG zone around 33.00 and is headed toward the support zone around 32.00. If 32.00 holds as support, we could see a reversal from this level. However, if the price continues lower and breaks through this level, it could target further downside levels, possibly reaching the next FVG gap around 31.50.
2. Bullish Reversal from Support:
Gold to Silver ratio: Covid crash vs Tariff crashGold to Silver ratio during Covid crash (1:120+) vs Tariff crash (1:100+). Could silver outperform gold from here? It could in my opinion.
Silver H4 | Overlap support at 50% Fibonacci retracementSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 32.69 which is an overlap support that aligns with the 50.0% Fibonacci retracement.
Stop loss is at 31.70 which is a level that lies underneath a swing-low support.
Take profit is at 34.02 which is a swing-high resistance.
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Silver Breakdown: Rising Wedge Bearish Move Towards Target1. Chart Overview
This 4-hour (H4) chart of Silver (XAG/USD) shows a clear Rising Wedge Pattern, a bearish technical formation. The price action recently broke below the lower support trendline, confirming a downside move. Several key levels, indicators, and trading strategies can be derived from this setup.
2. Identified Chart Pattern: Rising Wedge (Bearish Reversal)
A Rising Wedge is a pattern that forms when price consolidates between two upward-sloping trendlines, with the support line rising at a steeper angle than the resistance line. This pattern is considered bearish because it signals weakening buying pressure and an impending breakdown.
Uptrend Formation: The price had been moving within a wedge, forming higher highs and higher lows.
Volume Considerations: A wedge breakout is often accompanied by increasing volume, further confirming the trend shift.
Breakout Confirmation: The price has decisively broken below the lower boundary of the wedge, indicating that sellers are taking control.
3. Key Technical Levels & Trading Strategy
Resistance Level (Rejection Zone) – $34.00 - $34.50
The upper boundary of the rising wedge acted as strong resistance.
Multiple price rejections confirm sellers' dominance in this area.
Any future retest of this level may provide a new opportunity for short entries.
Support Level (Broken & Retested) – $32.50 - $32.80
This zone previously acted as strong support, preventing price from falling lower.
Now that price has broken this support level, it could act as resistance if a retest occurs.
A confirmed rejection here will further validate the bearish outlook.
Stop Loss Placement – $34.16
A logical stop-loss placement is slightly above the previous swing high and resistance area.
If price moves above this level, it would indicate that the breakdown has failed, invalidating the bearish setup.
Bearish Target – $30.76 (Measured Move Projection)
This level is derived from the height of the rising wedge pattern projected downward.
The area around $30.76 aligns with a previous support zone, making it a reasonable target for the current breakdown.
4. Price Action & Future Expectations
Current Market Sentiment: Bearish
The break below the wedge confirms a bearish sentiment.
A slight retracement to the previous support (now resistance) around $32.80 - $33.00 is possible before further downside.
If selling pressure remains strong, Silver is likely to reach the $30.76 target in the coming sessions.
Alternative Scenario: Bullish Recovery
If the price moves back above $34.16, the bearish outlook is invalidated.
A sustained move above this level could indicate a false breakdown and may push Silver toward new highs.
5. Trading Plan Based on This Setup
🔹 Entry Strategy:
Look for a retest of the broken support zone ($32.80 - $33.00) to enter short positions.
A rejection from this level with bearish confirmation (e.g., a bearish engulfing candle) strengthens the trade setup.
🔹 Stop Loss:
Placed above the wedge resistance at $34.16 to protect against false breakouts.
🔹 Take Profit Targets:
First Target: $31.50 (intermediate support level)
Final Target: $30.76 (measured move projection of the wedge)
6. Conclusion
This Rising Wedge Breakdown on Silver’s H4 chart presents a strong bearish trading opportunity with a well-defined risk-reward ratio. The break below key support signals continued downside, with $30.76 as the next major target. However, traders should monitor any retest of the broken support zone to confirm further selling momentum before entering new positions.
Silver Long IdeaI am presenting silver idea for long. You should just watch it and then see weather it playsout or not.
XG Updatetechnical analysis points to an upward direction for silver prices over the next few weeks, with potential targets between $35.00 and $36.00. The rising trend channel, breakout above resistance, supportive moving averages, balanced RSI, strong volume, and favorable market conditions all align to suggest continued gains.
XAG/USD...4h pairMY analysis presents a solid trade plan for XAGUSD based on technical indicators. A few additional considerations:
1️⃣ For the short setup:
A break below 33.85 aligns with momentum weakening, but watch for fakeouts, especially if volume is low.
The 32.00 target is ambitious, so partial profits around 33.00 could be wise.
2️⃣ For the long setup:
If price rebounds from 34.60, confirmation with bullish candlesticks or an RSI divergence could strengthen the trade.
Watch for resistance near 34.80–35.00 before fully committing.
Would you like to add risk management tips or additional confluences?
Detailed Analysis of Silver (XAG/USD) – Double Top BreakoutThe chart represents a technical analysis of Silver (XAG/USD) on the daily timeframe (1D). A Double Top pattern, one of the most reliable bearish reversal formations, is developing. This signals a potential downtrend, with key price levels and trendlines confirming weakness in bullish momentum. Below is a full breakdown of the pattern, price action, and trading setup.
1️⃣ Pattern Formation: Double Top – Bearish Reversal
A Double Top pattern occurs when the price reaches a resistance level twice, failing to break higher. It indicates a shift from a bullish trend to a bearish one.
🔹 Characteristics of the Double Top in This Chart:
First Peak (Top 1 - Resistance at ~$34.57):
The price made a strong move upward, reaching a high near $34.57.
Selling pressure at this level pushed the price downward, forming a support level near $30 (Neckline).
Pullback & Temporary Support (~$30 Neckline):
Buyers stepped in at the support zone, causing a bounce back towards resistance.
This level acted as strong demand, preventing further decline temporarily.
Second Peak (Top 2 - Rejection at Resistance Again):
Price attempted to break above the previous peak but failed.
This failure to form a higher high confirms the presence of strong sellers.
The second rejection strengthens the resistance level at $34.57, signaling exhaustion in buying momentum.
Break of the Trendline Support (Bearish Shift):
A previously ascending trendline (black dashed line) was providing support for the uptrend.
Price broke below this trendline, indicating a possible trend reversal from bullish to bearish.
2️⃣ Key Technical Levels & Trading Setup
🔸 Resistance Zone (~$34.57 - Stop Loss Area)
This is the major resistance level, tested twice and confirmed as a supply zone.
A move above $34.57 would invalidate the bearish pattern, making this an ideal stop-loss level.
🔹 Support Level / Neckline (~$30 - Breakdown Confirmation)
The neckline acts as a critical level. If the price breaks below $30, the Double Top formation is confirmed.
If the price retests this level from below and rejects (fails to reclaim it as support), it becomes a strong short entry signal.
🔻 Target Price (Projected Move - $23.01)
The target is based on the measured move rule of a Double Top:
Distance from resistance ($34.57) to neckline ($30) ≈ $4.57.
Projecting this same distance downward gives a target of ~$23.01.
This aligns with historical demand zones, increasing the probability of price reaching this level.
3️⃣ Trading Plan: Short Setup Execution
🔽 Short Entry (Breakdown Confirmation Below $30)
Ideal entry point is after the neckline breaks and confirms resistance upon a retest.
A breakdown with strong volume enhances the validity of the setup.
🚨 Stop Loss Placement (Above $34.57 Resistance Level)
Placing a stop above the second peak ($34.57) ensures protection against invalidation.
If price moves back above this level, the pattern fails, indicating a potential return to bullish momentum.
🎯 Target Price ($23.01) – Measured Move Projection
The price target aligns with the pattern structure and historical support levels.
Traders can take partial profits at intermediary levels ($27–$26) before full target realization.
4️⃣ Additional Confirmation Factors – Confluence for Bearish Bias
1️⃣ Momentum Indicators: RSI & MACD Bearish Signals
If RSI (Relative Strength Index) drops below 50, it confirms weakening bullish momentum.
A MACD bearish crossover (signal line crossing below the MACD line) would further validate the downtrend.
2️⃣ Volume Analysis – Breakout Confirmation
A high volume breakout below $30 confirms selling pressure.
Low-volume breakdowns can lead to false breakouts, making volume a crucial factor to watch.
3️⃣ Fundamental Factors – Macro Outlook on Silver (XAG/USD)
Silver prices are influenced by interest rates, inflation, and USD strength.
If USD strengthens, silver could face more selling pressure, aligning with this bearish technical setup.
Any hawkish monetary policy statements could accelerate the downside movement.
5️⃣ Risk Management & Alternative Scenarios
✔️ Ideal Risk-Reward Ratio
Risk: Stop loss at $34.57 (~4.5% above entry)
Reward: Target at $23.01 (~23% move)
Risk-Reward Ratio: ~1:5 (highly favorable for short trades)
⚠️ Bullish Invalidations – When to Avoid the Trade?
If Silver reclaims $34.57 and holds above, the pattern fails.
A false breakout scenario could occur if price breaks below $30 but quickly moves back above.
Watching for bullish divergence on indicators like RSI before entering a short position is recommended.
Final Conclusion: Bearish Bias with Strong Downside Potential
📉 Summary of the Bearish Case:
✔️ Double Top pattern confirms a bearish reversal if the neckline breaks.
✔️ Break of ascending trendline signals increasing seller control.
✔️ Key levels: Stop-loss above $34.57 | Entry below $30 | Target $23.01.
✔️ Additional confluence: RSI, MACD, and volume confirmation strengthen the trade setup.
🚀 If price action aligns with this analysis, this setup presents a high-probability short opportunity.
Would you like any refinements or additional insights? 🔥
Bearish drop?The Silver (XAG/USD) has reacted off the pivot and could drop to the 1st support.
Pivot: 31.91
1st Support: 30.92
1st Resistance: 32.68
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BUY XAGUSD RIGHT NOWExxpectation value is supply zone.
Today market is ranging.
Counter trend set up is best idea
Silver is in the bullish trend after testing supportHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how 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
The best Silver chart I've ever seen!Want to know why the banks are holding silver down?
LOOK AT THIS CHART THAT DATES BACK MORE THAN 200 YEARS (TO 1800).
If this shoots past 50... banks will have a BIG problem on their hands.
If the world somehow still exists by 2060, this could be crazy.
