XAGUSDK trade ideas
SILVER UP IN THE DAY BY +0.84% DESPITE A RELATIVE STRONG DOLLAROn Monday April 28, 2025, President Donald Trump announced plans to ease the impact of his automotive tariffs, aiming to alleviate concerns from automakers and consumers. In response to this, the dollar index started making recovery from previous week losses, however the dollar index is somewhat steady around 99.29 as markets awaits the key events this week.
From technical standpoint, Sliver prices was supported at 32.66 which aligns with EMA 50 and is seen approaching a resistance zone, where 33.66 per ounce stands to be the peak of the zone. Having tested this supply zone in retrospect, this level could halt price movements. But a brake above this level could open room for further bullish rally with potential target around 34.00 and 34.40. On the other hand, a bearish momentum would likely drive prices towards 32.78. A break below this price level opens up room for further decline with potential target around 32.10 acting as two weeks low. Further break out of the levels are not ruled out according to technical analysts.
UPCOMING CATALYST.
On the radar this week: Markets await the JOLTs report today, April 29, at 6:00 PM GMT+4, followed by U.S. GDP Q/Q, Employment Cost Index, and Core Price Index tomorrow, April 30, at 4:30 PM GMT+4.
Focus would be shifted to The Bank of Japan’s monetary policy statement and economic outlook on Thursday, while the U.S. jobs report will wrap up the week on Friday.
These key events could trigger some market volatility.
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 Bullish Crab PatternThe potential surge in silver prices is being closely monitored, particularly as buyers exhibit a notable interest around the significant Fibonacci golden level at a price point of $32.20.
This level serves as a crucial indicator for market participants, suggesting that a breakout could lead to substantial upward momentum.
I
A new entry point in the ongoing rallyIt's time to go long on silver again.
The trend is upward, and the growth continues. We've seen a pullback after the price reached the 33.50 level — a good opportunity to re-enter. Nothing has changed fundamentally; my view on the metal remains the same. The uptrend is intact, and I believe we're just at the beginning of the move. Higher targets are ahead.
I plan to continue following the trend carefully — exiting positions when risks arise and re-entering if there are confirmations of further growth.
Stop is set at the 32.95 level.
SILVER SHORT (APOLOGIES FOR THE PREVIOUS POST, I GOT THE SIGNAL TO ENTER THE TRADE AND I WAS OUT OF THE HOUSE SO I TRIED TO PUBLISH THE POST FROM MY PHONE, NOT A GOOD IDEEA :)), I JUST RE-POST IT PROPERLY NOW.)
Silver looks like it is in at a resistance area and with DXY showing resilience plus high interest rates and weakening of industrial demand make’s it a solid sell set-up.
Trade smart, be kind and stay strong💚
Silver Price Forecast(04-22-2025): Retest and Potential ReversalI’m anticipating that Silver prices will retest the 33.6 - 33.7 area in the near term. Once this level is reached, I expect a potential reversal and subsequent decline from there.
Key Points to Watch:
Retest Zone: The 33.6 - 33.7 range is critical, and price action within this zone will be key to determining the next move.
Potential Fall: After the retest, a downward move could unfold, presenting potential selling opportunities.
Confirmation: Always look for confirmation signals, such as price rejection or bearish indicators, before considering any trades.
As always, keep an eye on market conditions and trade responsibly!
SILVER Will Go Up! Long!
Here is our detailed technical review for SILVER.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 3,308.7.
The above observations make me that the market will inevitably achieve 3,462.2 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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 1HXAGUSD (1H Timeframe) Analysis
Market Structure:
The price is approaching a key resistance zone on the 1-hour timeframe. Previous reactions at this level suggest that sellers have been active, making it an important area to monitor for potential price rejection.
Forecast:
A sell opportunity may be considered if the price gets rejected from the resistance area with bearish confirmation signals. A failure to break above the resistance could lead to downward movement.
Key Levels to Watch:
- Entry Zone: Consider selling near the resistance zone after clear confirmation of rejection.
- Risk Management:
- Stop Loss: Positioned above the resistance area to protect against unexpected breakouts.
- Take Profit: Aim for nearby support levels or previous lows.
Market Sentiment:
As long as the price respects the resistance level and bearish confirmations appear, selling pressure could increase. A clear breakout above resistance would invalidate the current bearish setup.
SILVER: Bears Are Winning! Short!
My dear friends,
Today we will analyse SILVER together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 32.154 will confirm the new direction downwards with the target being the next key level of 31.906.and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
SILVER – Wave 3 Breakdown Using Elliott Wave Theory3-Day Silver Chart Analysis
We're analyzing the full structure of Wave 3, which itself consists of 5 smaller waves, following the Elliott Wave impulsive pattern:
Impulse Wave Structure (5 Waves):
Wave 1: 5 subwaves (either impulse or leading diagonal)
Wave 2: 3-wave correction
Wave 3: 5 subwaves (impulse)
Wave 4: 3-wave correction
Wave 5: 5 subwaves (can be impulsive or corrective)
Right now, we’re in Wave 5 of Wave 3, and within that, we’re in subwave 1, expecting a subwave 2 correction next.
Trade Plan:
- Watch for the subwave 2 correction to develop
- Once wave C of the correction forms, draw a trendline and enter on the breakout
- Set hard stops below the invalidation level, or under Wave 2 after the breakout
- Take profit levels: 35, 37, 39
Good luck and as always, trade safe!
Take a look at our earlier Silver setups below:
Free Setups
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VIP Setups
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Trading Silver’s Retrace: 50% Equilibrium Strategy for XAGUSD🪙 XAUUSD Technical Analysis
The daily chart for XAGUSD shows a significant sell-off after a strong bullish move, with a retracement of approximately 21.93% from the recent swing high. However, the price has since broken structure to the upside, indicating a potential shift in momentum back to the bulls. The current price action is trending upward, approaching the previous high, which could act as a resistance level. Your plan to look for a retrace into the 50% equilibrium of the recent swing on the 4-hour chart is technically sound, as this level often acts as a magnet for price and a potential area for institutional order flow. Waiting for a pullback and a bullish structural break in your area of interest increases the probability of a successful long entry.
🔍 Key Levels & Price Action
The 50% equilibrium of the recent swing (measured from the swing low to the swing high) is a classic area for price to retrace before resuming the trend. If price pulls back into this zone and forms a bullish structure (such as a higher low or a bullish engulfing candle), it could provide a high-probability long setup. Watch for confirmation on lower timeframes (like the 4H) for added confluence. The previous high around $35 may act as resistance, so partial profits or tighter stops near this level could be prudent.
🌐 Fundamentals & Sentiment
Silver is currently benefiting from a mix of macroeconomic factors. Ongoing inflation concerns, central bank buying, and geopolitical tensions (such as those in Eastern Europe and the Middle East) are supporting precious metals. Additionally, industrial demand for silver remains robust, especially with the global push toward green energy and solar panel production. However, a stronger US dollar or rising bond yields could temporarily cap gains. Sentiment among retail traders is cautiously bullish, with many looking for dips to buy, but there is also a risk of volatility if macro data surprises.
🧠 Alternative Views
Some analysts caution that the recent rally may be overextended, and a deeper correction could occur if risk-off sentiment returns or if the Fed signals more aggressive tightening. Others point to the strong uptrend and suggest that any pullback is likely to be bought, especially if it aligns with key technical levels like the 50% retracement. Keep an eye on COT (Commitment of Traders) data for signs of large speculator positioning, as well as ETF flows for additional clues on institutional sentiment.
📈 Trade Management & Risk
If entering long on a pullback to the 50% equilibrium, consider using a stop loss below the swing low to protect against a deeper correction. Scaling out profits as price approaches the previous high or key resistance zones can help lock in gains. Always use proper risk management and avoid overleveraging, especially in a volatile market like silver.
🎬 Video Title Options
"Silver’s Next Move: 50% Retrace Entry? XAGUSD Trade Idea & Analysis"
"Bullish Breakout or Bearish Trap? XAGUSD 4H Trade Setup Explained"
"Silver Price Action: Waiting for the Perfect Pullback! (XAGUSD Analysis)"
"XAGUSD: Is the Silver Rally Just Getting Started? Key Levels to Watch"
"Trading Silver’s Retrace: 50% Equilibrium Strategy for XAGUSD"
⚠️ Disclaimer
This analysis is for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and you should always do your own research and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
SILVER Is Very Bearish! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 3,304.4.
The above observations make me that the market will inevitably achieve 3,212.0 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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: Short Trading Opportunity
SILVER
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell SILVER
Entry Level - 33.096
Sl - 33.729
Tp - 31.949
Our Risk - 1%
Start protection of your profits from lower levels
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 - SILVERSupport and Resistance clearly defined in the chart.
2 Scenarios on my mind is as follows:
Short Term:
Silver Drops to 32 (rounding), where there is a strong long time support for that area. and Target 1 "T1" is at 33.677 (33.600)
Where Long Term due to the lagging effect from gold, long term outlook is heading towards the 34.134 "T2" and 34.578 "T3" and settle there till it moves up again.