SILVER: Local Bullish Bias! Long!
My dear friends,
Today we will analyse SILVER together☺️
The market is at an inflection zone and price has now reached an area around 30.949 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 31.206.Stop-loss is recommended beyond the inflection zone.
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XAGUSD01 trade ideas
Silver Remains Volatile Amid Trade War and Recession FearsSilver stayed above $30.50 per ounce on strong safe-haven demand amid U.S.-China trade tensions. Prices held a 3.5% gain after President Trump announced a 90-day tariff pause and a 10% rate for all but China, which now faces a 125% tariff. China raised tariffs on U.S. goods to 84%, and the EU approved duties on €21 billion of American exports. Fed minutes showed concerns about stagflation and the impact of Trump’s trade policies. Markets now await March U.S. inflation data on Thursday for clues on the Fed’s next move.
Technically, the first resistance level is located at 31.50. In case of its breach 32.15 and 33.30 could be monitored respectively. On the downside, the first support is at 30.20. 29.50 and 29.20 would become the next support levels if this level is passed.
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 30.436 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 under pressureSilver, like many other assets, is stabilizing after last week’s sharp decline.
On the weekly chart, the uptrend has been broken. It appears that the big money and major players have capitulated from this market. Also, cycle analysis suggests that the metal will remain under pressure through the end of April. Overall, silver is clearly struggling to maintain its bullish momentum.
I expect further downside, with potential targets at $27.90 and $26.50 as final levels for this correction.
For now, I will continue to trade from the short side.
If price moves above $30.80 and consolidates there, we could start talking about long positions. But at this point, there’s no objective reason to do so.
Silver Rebounds Sharply on Risk AversionSilver rebounded Monday, rising 2.3% to $30.22 an ounce after hitting a seven-month low. The recovery followed sharp market volatility and recession fears from rising U.S.-China trade tensions. While silver benefits from safe-haven demand, its industrial use remains a weakness. Broader market sell-offs could keep price action choppy, but intensified risk aversion and Fed easing could support silver demand.
If silver breaks above $30.90, resistance levels are at $31.40 and $32.50. Support stands at $29.00, followed by $28.40 and $27.50.
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 Wave Analysis – 2 April 2025- Silver reversed from the support area
- Likely to rise to the resistance level 34.50
Silver recently reversed up from the support zone between the support level 33.50 (former monthly high from February), 20-day moving average, support trendline from February and the 50% Fibonacci correction of the upward impulse from March.
The upward reversal from this support area continues the active impulse waves iii, 3 and (C) – inside which Silver has been moving since December.
Given the strong daily uptrend, Silver can be expected to rise to the next resistance level 34.50 (the former monthly high from last month).
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.
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!
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