Silver to over 500 USD in near futureClear cup and handle pattern, 2023 will be the year of the next Asian financial crisis just like in 1997 triggered either by Thailand or HongKong, only this time it will be Taiwan I believe. Anyone who haven't bought a new PC, laptop or a smartphone yet, do it now, shortages of microchips will be insane.
XAGUSD trade ideas
Silver INTRADAY uptrend continuation supported at 3247Key Support and Resistance Levels
Resistance Level 1: 3383
Resistance Level 2: 3414
Resistance Level 3: 3457
Support Level 1: 3247
Support Level 2: 3184
Support Level 3: 3112
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SILVER BEST PLACE TO SELL FROM|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 3,305.2
Target Level: 3,164.4
Stop Loss: 3,398.5
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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SILVER - Bullish idea - 1hr TFSilver seems to be ready for a bullish rally
As per COT report, Short positions are decreasing, Net positions are decreasing as of 29-APR-2025
SL and TP defined, can be bought instantly.
TP are all resistance zones
SLs are all support area from CMP
Manage your risk reward accordingly.
Happy Trading!
XAG/USD 30_Min Chart- Bearish Flag in Formation Pattern: Bearish Flag
Target: 32.000
Trade Bias: Bearish Setup
Technical Breakdown:
The chart shows a strong impulsive sell-off, followed by a channel-like upward retracement, forming a bearish flag structure.
Price has now reached a resistance zone around 33.400, marked by previous rejection.
This area aligns with the upper boundary of the flag, and price is starting to weaken — signaling potential reversal.
Bearish Flag Logic:
A bearish flag is a pause in a downtrend, typically resolving with a continuation move downward.
If the lower trendline of the flag breaks, it would confirm the pattern and signal further downside pressure.
Trade Setup Details:
Entry Zone: Below 33.000 (breakout candle close)
Target: 32.000 (based on flagpole measured move)
Stop-Loss: Above resistance ~33.500
Silver pleasurable ATMMany people are happy with their silver positions... What will make them sell it??
A loss of 50% into 2027 with a fake capitulation bottom.. Pump and dump??
They would be able to stock up on all the silver needed for smart cities and military weapons.
I like silver and we need it. BUT they need it manipulated to a cheap price and the military industry gets what it wants.
BE SAFE, NOT FINANCIAL ADVICE!!!
XAGUSD Double Top Pattern – Bearish Reversal Targeting $22 Zone"
🔎 Key Zones and Annotations Explained
🟥 Resistance Level (Supply Zone):
Marked in red, this level represents a historical supply area where sellers consistently outweigh buyers.
Multiple rejections from this zone confirm its strength.
🔄 RS Interchange (Support-Turned-Resistance):
This area around 26.00 – 27.50 has previously acted as support and could now act as resistance if price attempts to retrace upward after breaking down.
📉 Bearish Projection Path:
A potential price trajectory is illustrated with a zigzagging downward pattern, reflecting corrective moves and retests.
If the neckline is breached convincingly, this projection suggests continued bearish follow-through toward the 22.00 region.
🎯 Trade Setup and Risk Plan
Entry Trigger:
Short position considered after confirmation of neckline break (~29.50), ideally on a weekly candle close below this level or a successful bearish retest of broken support.
Stop Loss Placement:
Above the resistance highs at 35.57, which would invalidate the double top and signal possible trend continuation.
Profit Target:
Based on the measured move of the double top (height from resistance to neckline), we target the 22.42 – 22.46 region.
This aligns with previous support and a psychological round level, making it a strong candidate for price reaction.
⚠️ Risk Management Considerations
Always use defined position sizing and risk-reward ratios. A minimum of 1:2 RR is recommended.
Confirm breakdowns with volume spikes, momentum divergence, or break of trendlines for added confluence.
Keep an eye on macroeconomic data (like inflation rates, Fed interest rate decisions, and USD index strength) which can heavily impact the value of precious metals like Silver.
📘 Educational Insight: Why Double Tops Work
The double top is a psychological failure pattern. The first top attracts buyers expecting a breakout, but when price returns to that level and fails again, it often triggers mass liquidation and new short entries, especially when the neckline support fails. This builds downward momentum, making it a favorite pattern among swing and position traders.
🏁 Conclusion
This weekly chart of XAGUSD paints a clear picture: Silver may have topped out in the short-to-mid term. If the double top confirms and neckline breaks, expect a sizable correction back into the lower $20s. The risk is clearly defined, and the reward potential is high. Patience and confirmation are key.
💬 What Do You Think?
Do you agree with this bearish outlook on Silver? Are you waiting for confirmation before entering? Drop your thoughts or analysis below!
📌 T ags/Hashtags
#XAGUSD #Silver #DoubleTop #TechnicalAnalysis #ChartPatterns #SwingTrading #Commodities #PriceAction #Forex #BearishSetup #Metals #TradingView #GoldAndSilver #ShortTradeSetup
Silver : After an excellent recovery, succumb to a Red band.Silver : After an excellent recovery from the support of $ 28.33 , it seems it has succumbed to a Red Band resistance of $34.
It's in a Sell trajectory already and couldn't become a Buy, like Gold .
Support is at $28 and Resistance is at $34 as displayed on the chart .
( Not a Buy / Sell Recommendation
Do your own due diligence ,Market is subject to risks, This is my own view and for learning only .)
SILVER: Will Start Growing! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed down by the bears so we will sell!
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Silver Slips on Trade Optimism and Weak Economic Data Silver prices dropped over 1% on Thursday, slipping to around $32 per ounce, dragged by reduced safe-haven demand following Trump's optimistic remarks on potential trade deals with China, India, Japan, and South Korea.
Weak economic data further pressured prices, with the U.S. economy contracting by 0.3% and China’s manufacturing PMI falling to a 16-month low, raising concerns about industrial demand.
Today, silver is showing signs of recovery amid improved risk appetite, with the market focus on the $34.90–$35.00 resistance zone as a key technical level.
Narrow Range: $31.30 – $33.70
Wide Range: $28.50 – $34.90/35.00
Fri 2nd May 2025 XAG/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD Sell. Enjoy the day all. Cheers. Jim
Silver Breakdown: Waiting for the next Buy ZoneWe've confidently broken through the support levels at 32.40 and 32. The chart looks strongly bearish, and there's a high probability that the downward move will continue. I expect the price to reach the 30.80–31 area, where I'll be watching the consolidation to consider a potential long position.
Overall, I remain very optimistic about the commodities market this year. Silver has yet to fully realize its growth potential, so after these broad pullbacks, it’s likely to continue pushing toward higher levels.
For now, it’s too early to go long, and I won’t be participating in the short move.
📝Trading plan:
Waiting for a lower price to continue buying.