“Silver on the Edge – Is Wave 5 Loading?”📈 This daily analysis of Silver (XAGUSD) begins from the impulsive move starting in September 2022 at $17.535. Based on Elliott Wave Theory, the market appears to be entering the early stages of a potential Wave 5.
🔹 **Conservative Scenario:** Wave (2) within Wave 5 may be developing. As long as price holds above the 23.6%–50% Fibonacci retracement zone ($31.674 – $29.556), we expect Wave 3 of 5 to launch toward the $37.60 – $41.94 targets.
🔹 **Aggressive Scenario:** If the correction has already completed, Wave 3 of 5 might be underway. Any corrective pullback can be viewed as a continuation opportunity within the bullish trend.
🔻 **Invalidation Levels:**
▫️ First: $31.674
▫️ Second: $27.942
As long as price remains above these levels, the bullish count stays valid.
📌 The current wave structure remains aligned with the bullish channel, supporting further upside potential into Wave 5.
– Patterns whisper. I listen.
– Mr. Nobody 🎧📊
XAGUSD trade ideas
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
Silver Rectangle Pattern Breakout | XAGUSD Analysis + Target🔍 Technical Overview
Silver has been forming a textbook rectangle consolidation pattern over the past few weeks, bouncing between a clearly defined Support Zone (~$32.10) and Resistance Zone (~$33.40). This range-bound movement indicates accumulation, a phase where smart money typically builds positions before initiating a directional breakout.
Currently, price action shows a breakout attempt toward the upper resistance. If momentum continues, we could see a bullish breakout, followed by a potential retest of the broken resistance (now support). A successful retest would confirm a high-probability setup for a move to higher targets.
📌 Key Technical Zones
Support Zone: ~$32.10
This level has been tested multiple times, with price consistently bouncing higher, signaling strong buyer interest.
Minor Resistance Zone: ~$33.00
Acted as an intermediate ceiling within the rectangle. Once broken, this level became a signpost for bullish continuation.
Main Resistance Zone: ~$33.40
The top boundary of the rectangle; this is the key breakout level.
Target 1 (TP1): $34.58
A logical resistance level based on previous price structure and breakout projection.
Target 2 (TP2): $35.22
A more extended target derived from the height of the rectangle pattern projected from the breakout point (measured move).
⚙️ Price Action Insights
Rectangle Pattern Behavior: Price ranged within horizontal support/resistance, forming consistent highs and lows — a strong signal of accumulation.
Momentum Shift: Recent bullish candles and higher lows suggest buying pressure is increasing.
Breakout in Progress: Price is currently pushing above the upper rectangle boundary. A confirmed breakout candle close followed by a retest would provide a higher-probability entry opportunity.
Retest Strategy: Retests are critical for confirmation. A pullback to ~$33.40 with rejection signals (e.g., bullish engulfing, pin bar) would strengthen the case for further upside.
🧠 Mindset & Strategy Explanation
This setup represents patience, structure, and discipline in trading:
✅ Wait for the Pattern : Rectangle patterns often trap impatient traders. Waiting for a confirmed breakout and retest gives higher-quality entries.
✅ Risk Management is Key : Use the structure of the rectangle to define risk. Stops should be set just below the last swing low or inside the range.
✅ Targeting with Precision: TP1 and TP2 are not random — they’re derived from prior resistance levels and pattern projections. This keeps your trading logical, not emotional.
✅ Mind Over Market: Don’t chase breakouts. Wait for confirmation. The retest is often your friend in swing trading setups like this.
📋 Trade Idea (Not Financial Advice)
📍 Entry: On confirmed breakout above $33.40 or retest of this level with bullish confirmation.
🎯 Target 1: $34.58 (partial take profit suggested)
🎯 Target 2: $35.22 (measured move projection)
🛑 Stop Loss: Below $32.70 (under recent support structure)
🔁 Optional: Trail stop loss after TP1 to lock in profits as TP2 approaches.
🧠 Final Thoughts for Traders
This chart provides a clean example of how price consolidates before expansion. The rectangle pattern allows for easy identification of entry/exit zones and offers a solid risk-to-reward setup. Whether you're a new trader learning to spot consolidation patterns or a seasoned pro looking for low-risk, high-reward setups — this XAGUSD formation is one to watch.
Keep an eye on volume and candle structure around the breakout zone. Confirmation is key. Discipline is everything.
SILVER RISKY LOCAL SHORT|
✅SILVER is going up now
But despite our mid-term
Bullish bias the price will
Soon hit a horizontal
Resistance level around 33.20$
From where a local bearish
Pullback will be expected
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAG/USD Daily AnalysisXAG/USD found strong buying at $29.00
At $33.50 we saw price exhaustion and a correction start to form.
Look for price to break to the upside and give a buy signal which meets your strategy rules.
This is an idea of what may happen.
Always trade with a profitable strategy and good risk management.
Silver Wave Analysis – 20 May 2025
- Silver reversed from support level 31.70
- Likely to rise to resistance level 33.50
Silver recently reversed from the pivotal support level 31.70 (which stopped the previous minor wave a at the end of April, as can be seen from the daily Silver chart below).
The support level 31.70 was further strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse 1 from April.
Silver can be expected to rise to the next resistance level 33.50 (which stopped the previous minor impulse wave 1).
SILVER: Next Move Is Up! Long!
My dear friends,
Today we will analyse SILVER together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 32.982 will confirm the new direction upwards with the target being the next key level of 33.261 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
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.
---
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.
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 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.
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XAGUSD Triangle Pattern Forming – Breakdown on the Horizon?🧠 Technical Analysis – XAG/USD
Silver (XAG/USD) has entered a compression phase, forming a classic Symmetrical Triangle Pattern within a broader Black Mind Curve structure, which adds additional psychological and visual significance. These patterns, when paired together, often signal a build-up of volatility ahead of a powerful breakout.
🔍 Pattern Explanation: Triangle + Black Mind Curve
Symmetrical Triangle Pattern: This pattern is marked by converging trendlines of higher lows and lower highs. It reflects indecision between bulls and bears — a tug-of-war where volatility decreases as price coils into the apex.
Black Mind Curve Structure: The curved support and resistance arcs highlight a rounded structure often seen before large breakout moves. These curves create an intuitive framework for understanding how the market is behaving on a broader scale — the "mind of the market" if you will.
🔺 Curve Resistance: Acting as a ceiling suppressing bullish attempts.
🔻 Curve Support: The dynamic floor that has held price within bounds until now.
📉 Breakout & Retest Phase in Play
The triangle has now been breached to the downside, and price is currently in the retest phase — a textbook behavior before continuation. The market is now revisiting the lower boundary of the triangle (~$32.30–$32.40), which is potentially flipping into resistance.
This retest is critical: if price fails to reclaim the triangle and gets rejected, it strengthens the case for further downside.
We’ve also seen a slight uptick in bearish momentum and volume on the initial breakdown.
🎯 Projected Price Targets
We apply the measured move technique, which calculates the triangle’s height and projects it downward from the breakout point:
TP1: $31.68 – A short-term support level and the first technical target.
TP2: $31.12 – Measured move target and key demand zone from the past week.
These levels are not arbitrary — they align with both psychological round numbers and historical structure zones, which often act as magnets for price.
📌 Why This Setup Matters
This isn’t just a triangle breakout. The confluence of the triangle pattern and the Black Mind Curve framework suggests a psychologically significant shift is underway.
Price has respected the curved structure for nearly two weeks.
The triangle represents compression — the final phase before directional expansion.
The false breakout risk is real, but the context (bearish trend leading in, lower highs, failed rallies) favors a downward continuation.
💡 Trade Setup Idea (Example Only)
Parameter Value
🧩 Pattern Symmetrical Triangle
⏳ Phase Retesting after breakdown
🎯 Entry On bearish confirmation at ~$32.30
❌ Stop Loss Above triangle upper bound (~$32.65)
✅ TP1 $31.68
✅ TP2 $31.12
⚖️ Risk/Reward 1:2 or better
Note: Wait for clear rejection candlesticks (e.g., bearish engulfing, shooting star) to confirm bearish intent.
⚠️ Risk Management & Considerations
Avoid premature entries — wait for candle confirmation on the retest zone.
Adjust lot size and leverage according to personal risk tolerance.
Remember: triangle patterns can break either way — monitor invalidation levels carefully (e.g., a breakout back into triangle with strong volume).
💬 Mindset & Market Psychology
This triangle and curve setup mirrors a battle between consolidation and trend continuation. The curves represent the market’s subconscious behavior — as price rounds out and tests boundaries, the final breakout reveals collective trader sentiment.
“Patterns are footprints of psychology. Trade the behavior, not the prediction.”
Be the trader who waits for the story to unfold. Let structure speak before you act.
✅ In Summary
📌 Pattern: Triangle inside Black Mind Curve
🔍 Key Levels: $32.30 (retest), $31.68 (TP1), $31.12 (TP2)
📉 Bias: Bearish, with potential continuation after retest rejection
⏱️ Timeframe: 1H – Suitable for intraday to short-term swing trades
💬 What do you think – is Silver ready to break down, or will bulls reclaim control? Drop your analysis below! Like & follow for more smart technical setups every week.
Silver Holds Near $32.60 on CeasefireSilver hovered around $32.20 per ounce during Tuesday’s Asian session, easing for a third consecutive day as safe-haven demand faded. The hopes for a Russia-Ukraine ceasefire, announced by U.S. President Trump after a call with President Putin, tempered market uncertainty and weighed on silver’s appeal.
However, losses were limited following Moody’s downgrade of the U.S. credit rating and a series of weak economic data, including CPI, PPI, and retail sales. These reinforced expectations for two Fed rate cuts this year, likely starting in September, according to the CME FedWatch Tool projections.
Strong industrial demand, especially from the solar sector, continues to support silver’s longer-term outlook. Markets now look for upcoming Fed speeches for further direction.
XAG/USD faces resistance at $32.50, with higher levels at $33.80 and $34.20. Support is seen at $31.40, followed by $30.20 and $29.80.
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 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.
Next move Disruption Analysis: Bearish Risk Perspective
1. Sideways Consolidation (Red Box Zone):
The price is consolidating in a tight range between roughly 32.20 and 32.40, showing indecision and potential for either a breakout or breakdown.
Repeated rejections near the top of this box can signal exhaustion of buying pressure.
2. Volume Observation:
There’s no strong volume surge indicating accumulation; volume appears mixed and doesn't strongly support a bullish breakout.
A potential fakeout risk exists if the price spikes above the consolidation range only to fall back in (bull trap).
3. Potential Bearish Breakdown:
If the price breaks below the red box, especially under 32.20, it could trigger stop-losses and initiate a short-term bearish trend.
First downside target: 32.00 psychological level, followed by 31.80 support from previous lows.
4. Wick Rejection on Top:
The recent candles inside the box show long upper wicks — signs of selling pressure at higher levels.
Next move Bearish Disruption Perspective:
1. Failure to Break Above Supply
Price is struggling near 32.40–32.50, a visible resistance area from prior swing highs.
Repeated rejections here can signal seller strength or profit-taking.
2. Exhaustion Patterns
The price is forming sideways consolidation (highlighted in red).
A failure to break upward from this box and a false breakout wick would suggest buyer exhaustion.
3. Bearish Breakdown Scenario
If price breaks below the red box support (~32.30), this range could flip into resistance.
A clean drop below 32.30 would likely open the path toward 32.00 and potentially 31.80.
4. Volume Spike on Red Candle
Volume on red bars (10.64K) suggests aggressive selling pressure creeping in.
Watch for confirmation if next candles close red with high volume.
Next target Bearish Disruption Points
1. False Breakout Risk
Price is hovering near the recent highs but hasn’t made a convincing higher high.
A fakeout above 32.42 followed by a sharp rejection could trap buyers and trigger a sell-off.
2. Exhaustion at Resistance
The current level (~32.33–32.42) was a previous distribution zone on May 13–14.
Low volume follow-through may indicate weak buying interest, increasing the odds of a reversal.
3. Bearish Divergence (Potential)
If RSI or MACD shows lower highs while price pushes up, that’s a bearish divergence—a common reversal signal.
(You’d need to check indicators for confirmation.)
4. Support Flip to Resistance
If the price breaks back below the red box (~32.25), the same zone could act as resistance, turning into a supply zone.
5. Volume Clue
Volume appears lower during the recent bullish attempts, hinting at buyer fatigue.
Higher volume on red candles would validate a bearish shift.
SILVER: Will Go 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 32.359 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❤️
Silver next move Weak Demand Zone Bounce
The current price action shows only a minor bounce from the demand zone.
A lack of strong bullish candles or volume confirmation may indicate weak buying interest.
2. Lower High Structure
The chart appears to be forming lower highs, suggesting a possible downtrend continuation.
If price fails to break the recent swing high near 32.70, bears might gain control.
3. Volume Concern
Recent bullish candles have decreasing volume, while the latest red candle has higher volume—this could signal a bearish divergence.
4. Bearish Trap Possibility
The current consolidation above support might turn into a distribution zone, leading to a fake breakout downward.