Silver technical analysis.The image is a technical analysis chart for Silver (XAG/USD) from TradingView, published on March 11, 2025.
Key Observations:
1. Trendline Break & Retest:
Silver was following an uptrend, but the trendline was broken.
A new downward-sloping trendline is drawn, acting as support.
The price is near this support, and a retest/bounce scenario is expected.
2. Bullish Reversal Setup:
The blue arrow suggests a potential bounce off the trendline, leading to a bullish move.
This could indicate a trend reversal or a corrective upward move.
3. Potential Resistance Levels:
The next resistance zone appears to be around $32.50.
A strong breakout above this level could confirm further bullish momentum.
4. Market Sentiment:
If price holds above the current trendline, a bullish breakout is likely.
A break below support could signal further downside.
Conclusion:
Bullish Scenario: A bounce from the trendline could push prices higher toward $32.50.
Bearish Risk: A break below the trendline could send Silver lower toward $31.50.
Key Level to Watch: Trendline support around $31.80 - $32.00.
Would you like a deeper analysis with indicators like RSI or moving averages?
XAGUSD trade ideas
Elliott Wave View: Silver (XAGUSD) Pullback Looking to Find SuppShort Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 12.19.2024 low is in progress as 5 waves. Up from 12.19.2024 low, wave (1) ended at 33.39. Wave (2) pullback unfolded as a zigzag Elliott Wave structure. Down from wave (1) at 33.39, wave A ended at 31.88 and wave B ended at 33.2 as the 1 hour chart below shows. Wave C lower subdivided into 5 waves impulse. Down from wave B, wave ((i)) ended at 32.34 and wave ((ii)) ended at 32.73. Wave ((iii)) lower ended at 31.26 and wave ((iv)) ended at 31.95. Final leg wave ((v)) ended at 30.8 which completed wave C of (2).
The metal has turned higher in wave (3). Up from wave (2), wave ((i)) ended at 31.4 and wave ((ii)) ended at 31.1. Wave ((iii)) higher ended at 32.72 and pullback in wave ((iv)) ended at 32.24. Final leg wave ((v)) ended at 32.76 which completed wave 1 in higher degree. Pullback in wave 2 is in progress to correct cycle from 2.28.2025 low before it resumes higher. Down from wave 1, wave ((a)) ended at 32.08 and wave ((b)) ended at 32.66. Expect wave ((c)) of 2 to end above 30.8 invalidation level for the next leg higher. As far as pivot at 30.8 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
Bearish drop?XAG/USD has reacted off the support level which is a pullback support ad could drop from this level to our take profit.
Entry: 32.31
Why we like it:
There is a pullback support level.
Stop loss: 33.15
Why we like it:
There is a pullback resistance level.
Take profit: 31.48
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
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Silver may continue its uptrend from next week.Hello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
XAG/USD: Dual Paths to Bullish ResolutionSilver's 4-hour chart presents two potential scenarios for price action in the near term. In the first scenario, price could break above the current consolidation around $3,254 and move directly toward the red resistance line at approximately $3,278, as indicated. Alternatively, the second scenario suggests we may first see a deeper retracement toward the lower blue box support zone (around $3,160-$3,180) before finding buyers and resuming the upward movement, as illustrated by the zigzag pattern and second arrow. Both scenarios ultimately project bullish outcomes, with price expected to challenge the upper resistance after completing either path. The recent recovery from the late February lows around $3,080 provides the foundation for this bullish bias, though traders should monitor which scenario unfolds to adjust their entry strategies accordingly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SILVER: Short Trading Opportunity
SILVER
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell SILVER
Entry - 3254.1
Stop - 3289.5
Take - 3186.4
Our Risk - 1%
Start protection of your profits from lower levels
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SILVER Expected Growth! BUY!
My dear subscribers,
This is my opinion on the SILVER next move:
The instrument tests an important psychological level 31.150
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 - 32.002
My Stop Loss - 30.755
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
The long game off Silver ; $TVC:SILVER
Silver historically has always correlated with Gold. As Gold continues to display new all time highs, silver has yet to breakout from it accumlated range of $20 to $25.
Using the power of Market Cipher and basic strategy, we understand moneyflow is king and like water, it allows growth to unfold. Similar to 2006 and on, Silver has an incredible performance due to the American History at the time and economic challenges. Today in 2024, i believe we have more challenges than we did in the past. Higher debt, rampet inflation, "dedollarization", crypto and more.
This is a long term outlook. As i personally had started to stack Silver when in the $18 range in 2022. For the trade setup, this would probably fall under a Doller cost average strategy over many weeks. They say its better to have time in the market rather than timing the market...lets do both. I have a long bias long term but intermediate term we will be spotting mile stones along the way and making observations.
Cheers,
Uni.
Fundamentals & technicals' very supportive of Silver
A quick one on silver, I got long on Friday as a disclosure, the 4hr chart is converging and diverging and this opposing force will cause a squeeze that will launch Silver into an explosive momentum to test its highs soon, perhaps $40.
No less than 9 different divergences at Fridays candle here. (It was messy with the div. indicator. )
Further confluence on the 4hr is the recent cross of the 10ema up and through the 200ema. To be be fair the 10 dipped on about 28 Feb but to make the cross recently back over the 200 is a big play.
President Trump is of course very pro-cryptocurrency and popular wisdom says the next leg up in that space is the meeting for 'strategic reserve' which I understand is only a fortnight away.
I think Gold and Silver will take off around that time, if not sooner. A bullish week coming up for the Gold price as well and it revolves around the same opening headline above.
Have a happy and profitable week.
Silver is in the bullish trend after testing supportHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
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Silver (XAGUSD) The Week Ahead 10th March '25Sentiment: Bullish INTRADAY, Price action is consolidating in a tight trading range.
Resistance: Key Resistance is at 3280, followed by 3315 and 3350.
Support: Key support is at 3200 followed by 3165 and 3140.
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.
XAGUSD: Buy opportunity inside this Channel Up.Silver has turned neutral on its 1D technical outlook (RSI = 53.179, MACD = 0.256, ADX = 29.375) as it posted a strong rebound this week, despite today's temporary pullback. This rebound took place at the bottom of the medium term Channel Up, pricing its HL. We are still at the start of this wave and we expect to repeat the +16% rise of the previous one. The trade is long, TP = 35.500.
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Dollar Decline Propels Silver Above $32Silver extended its rally beyond $32 per ounce in early March, supported by a weaker U.S. dollar. The U.S. imposed new tariffs on Canadian, Mexican, and Chinese imports, prompting Canada’s 25% counter-tariffs and China’s additional levies of 10%-15%, along with export restrictions on select U.S. entities.
Investors now focus on Friday’s U.S. nonfarm payrolls report for clues on the Federal Reserve’s monetary policy outlook.
If silver breaks above $32.75, the next resistance levels are $33.15 and $33.80. On the downside, support is at $31.00, with further levels at $30.20 and $29.75 if selling pressure increases.