SILVER - Important BreakoutHello Traders !
The Silver price broke the resistance level (33.390 - 32.900).
This key level becomes new support !
So, I expect a bullish move🚀
______________
TARGET: 34.400🎯
XAGUSD trade ideas
Silver Approaching ATH – Major Breakout Incoming?Silver is showing a strong bullish structure on the weekly timeframe. The price has been consistently forming Higher Highs (HH) and Higher Lows (HL), respecting a long-term ascending trendline that’s acting as dynamic support. This trendline has held multiple pullbacks, confirming strong underlying demand.
Currently, Silver is approaching its All-Time High (ATH) resistance near $34.83 while testing the upper resistance trendline of an ascending channel. A clean breakout above this level could trigger a major rally, potentially setting a new ATH. If the price faces rejection, a healthy pullback toward the support zone around $30 could offer another long-entry opportunity.
The structure remains bullish as long as Silver holds above the trendline support. A successful breakout above $34.83 could lead to a strong bullish continuation.
Still DYOR, NFA
Found this analysis helpful? Don’t forget to like, drop a comment, and follow us for more insights. Thanks for the love!
Silver Insights: Aggressive Strategies and Bullish SentimentHello, friends! I’m excited to share some observations on Silver.
Yesterday, I came across a couple of intriguing portfolios focused on this metal.
The first one is an aggressive call spread at $40-$40.25, while the second portfolio is a "butterfly" spread, positioned slightly lower.
Both portfolios are designed to capitalize on price movement, but the first one could yield a threefold profit with just a little push in its direction. The second one, however, will require some time and ideally needs to reach around $38 by the end of April.
From a technical standpoint, the chart shows a "spring compression", which often leads to the emergence of such portfolios. While I don’t place too much weight on predictive elements, the sentiment remains bullish.
Stay tuned, plan your trades and let’s see how this unfolds!
Always do your own research but do no hesistate visit us to leverage the comprehensive analysis from our team to enhance your trading advantage! 💪💼
Buy SilverSilver looks good. There was a strong rally yesterday.
On the daily chart, the metal is in an uptrend that has remained intact since the beginning of the year.
The news background is positive, and major players, also known as "smart money," are buying the metal.
There is a strong chance of moving higher, with the first target at 34.8.
Since the metal is highly volatile, a stop-loss should be set at 33.20.
XAGUSD Channel Up aiming for the new Higher High.Silver (XAGUSD) has been trading within a Channel Up for exactly year (since the March 27 2024 Low). Its current Bullish Leg started on the December 31 2024 (Higher) Low after almost touching the 1W MA50 (red trend-line).
Once the price broke above the 1D MA50 (blue trend-line) on January 28 2025, it remained above it ever since, which is what happened on both previous Bullish Legs. We expect a +30% rise and a test of the 1.382 Fibonacci extension as the previous Higher Highs. Our Target is just below that at 37.000.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Silver (XAG/USD) – Rising Wedge Breakdown & Retest📌 Overview of the Chart
The chart illustrates a classic Rising Wedge pattern that has broken down, signaling a potential bearish continuation. The price action respected technical structures, including support and resistance levels, trendlines, and key psychological zones.
The breakdown of the rising wedge led to a sharp decline, followed by a retest of the previous support as resistance, confirming further downside momentum. Traders analyzing this setup can identify clear entry points, stop-loss placements, and target objectives based on price action behavior.
🔹 1️⃣ Understanding the Rising Wedge Pattern
A Rising Wedge is a bearish pattern that forms when price moves upward within converging trendlines. It indicates that buying momentum is slowing, and a potential reversal or breakdown is imminent.
✔ Characteristics of the Rising Wedge on This Chart:
📈 Higher Highs and Higher Lows: The price was trending upwards, but the narrowing structure indicated exhaustion.
📊 Decreasing Momentum: Volume likely started declining as the price approached resistance.
📉 Bearish Breakdown: Price broke below the lower trendline, confirming the pattern’s bearish nature.
🔻 What Happened Next?
The price dropped sharply after the wedge breakdown.
A retest of the broken trendline acted as a confirmation of resistance.
The downtrend continued, targeting a lower support level.
🔹 2️⃣ Key Support & Resistance Levels
🔵 Major Resistance – 34.27 USD (All-Time High & Supply Zone)
This level served as a strong supply zone, rejecting multiple bullish attempts.
Price struggled to break this level, leading to a sell-off.
The stop-loss for short trades is placed above this zone to minimize risk.
🟠 Support Level – 32.80 USD (Previous Support Turned Resistance)
This was a key support zone before the wedge breakdown.
Once broken, price retested this level and faced rejection, confirming a trend shift.
⚫ Trendline Support (Now Broken)
The lower support trendline was a crucial guide for bulls.
Once price broke below, it signaled strong bearish control.
A retest of the trendline was unsuccessful, confirming a bearish continuation.
🟢 Target Zone – 31.93 USD (Projected Breakdown Target)
The measured move target of the rising wedge aligns around 31.93 USD.
If selling pressure continues, price may reach this level.
🔹 3️⃣ Trading Strategy – Short Setup & Execution
This setup provides a high-probability short trade based on the pattern breakdown.
📉 Short (Sell) Entry Criteria:
✅ Entry Zone: After the price broke below the wedge and retested the trendline (~33.80 USD).
✅ Confirmation:
Bearish candlestick formations (Doji, Engulfing, or Pin Bars).
Increased volume on bearish moves.
🚫 Stop-Loss Placement:
🔹 Above the resistance level (34.27 USD) – If price breaks above this, the setup is invalid.
🔹 Reasoning: Protects against unexpected bullish reversals.
🎯 Take-Profit Target:
🔻 Target Price: 31.93 USD (based on measured move projection).
🔻 Risk-Reward Ratio: At least 2:1 (adjusted based on volatility).
🔹 4️⃣ Market Psychology & Price Action Analysis
Understanding trader sentiment is crucial:
📌 Before the Breakdown:
Bulls were in control, pushing price higher.
However, momentum slowed down, forming the rising wedge.
Traders who identified this pattern anticipated a potential trend reversal.
📌 After the Breakdown:
Sellers overpowered buyers, causing a rapid break of structure.
The price retested the previous support as resistance, confirming further downside.
The market sentiment shifted to bearish, aligning with technical confirmations.
🔹 5️⃣ Alternative Scenarios & Risk Factors
🔄 Bullish Reversal (Invalidation of Bearish Bias)
🚨 If price reclaims 34.00-34.27 USD, it invalidates the bearish setup.
📌 A break above this level could trigger a new bullish wave, targeting higher highs.
⚠️ Key Risk Factors:
Unexpected macroeconomic events (e.g., Fed policy, inflation data, geopolitical tensions).
Strong bullish rejection at lower support zones (~32.00 USD).
Volume divergence (if selling volume dries up, bears may lose control).
📢 Conclusion: High-Probability Bearish Trade with Clear Risk Management
This rising wedge breakdown provides a strong short setup, with technical confirmations and price structure supporting further downside movement.
📉 Bearish Bias Until 31.93 USD
A breakdown retest suggests sellers remain in control.
Price is expected to continue lower unless bulls regain 34.00+ levels.
🔍 Key Trading Question:
Will Silver (XAG/USD) continue to its measured target of 31.93 USD, or will bulls defend key support and push prices higher?
Let’s discuss! 🚀👇
XAG/USD (Silver) 4H Trading Analysis📍 Current Price: 33.0990 (Near Entry Zone)
🔹 Trading Setup:
🟢 Entry Zone: 32.97654
🔴 Stop-Loss (SL): 32.48368 ❌
🔵 Take-Profit (TP) Levels:
TP1: 33.30512 🎯
TP2: 33.62431 🎯🎯
Final Target: 34.19599 🚀
📊 Price Action Insights:
✅ Bounce from Demand Zone (Gray Box) 📈
✅ Potential Bullish Move if price holds above entry 🚀
⚠️ Risk if SL is hit (Red Box) ❌
Silver Rises as Markets Eye Trump TariffsSilver rose above $33 on Tuesday, rebounding as trade and economic concerns supported safe-haven demand. Hopes that Trump may adopt a more targeted tariff plan ahead of the April 2 deadline offered some relief, though his new pledges to tax autos and pharmaceuticals added uncertainty. Expectations of further Fed rate cuts also supported silver. Markets now anticipate one cut in June, another in September, and growing chances of a third in December.
If silver breaks above $33.80, the next resistance levels are $34.05 and $34.85. On the downside, support is at $33.10, with further levels at $32.50 and $32.15 if selling pressure increases.
Silver H1 | Falling to an overlap supportSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 33.56 which is an overlap support that aligns with the 23.6% Fibonacci retracement.
Stop loss is at 33.15 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement.
Take profit is at 34.18 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SILVER IS UNDERVALUED - A trade of a decade!Silver is undervalued! The pattern is over 50 years old and on a massive timeframe.
Silver and gold are always a good add to a strong portfolio. Currently it's in the progress of completing the handle of the cup and handle. 48$ will be a big resistance, but after that it will gap up over years to it's 1.618 as target. This wil take a give or take 10 years.
XAG/USD Trade Ideas: Navigating Key Resistance and Support ZonesSilver 's Next Move: Technical and Fundamental Insights for XAGUSD Traders 🚀📊
Technical Analysis 📊
The chart provided is a 4-hour chart of Silver (XAG/USD) with Fibonacci retracement levels applied. Here's a detailed technical breakdown:
Trend Analysis 📈:
The price has recently rebounded from a low near $32.90 and is now trading at $33.66.
The short-term trend appears bullish, as the price has made a higher low and is attempting to break higher.
Fibonacci Retracement Levels 🔢:
The Fibonacci retracement levels are drawn from the recent swing high to swing low.
The price has retraced to the 50% Fibonacci level ($33.35) and is now testing the 0% retracement level ($33.80), which acts as resistance.
The 61.8% retracement level ($33.24) and 78.6% retracement level ($33.09) are key support zones if the price pulls back.
Resistance and Support 🛑🛠️:
Resistance: The immediate resistance is at $33.80 (0% Fibonacci level). A break above this level could open the door to further upside, targeting $34.25 (50% Fibonacci extension).
Support: The first support is at $33.35 (50% Fibonacci level), followed by $33.24 (61.8% Fibonacci level).
Candlestick Patterns 🕯️:
The recent candles show indecision near the resistance level, indicating a potential pause or reversal.
If a strong bullish candle forms above $33.80, it would confirm a breakout.
Momentum 🚀:
The price is showing bullish momentum, but the resistance at $33.80 needs to be cleared for further upside.
Fundamental Analysis 🌍
Silver's Role as a Safe Haven 🛡️:
Silver often acts as a hedge against inflation and economic uncertainty. If there are concerns about global economic stability or inflationary pressures, silver demand could increase.
US Dollar Impact 💵:
Silver is inversely correlated with the US Dollar. If the USD weakens due to dovish Federal Reserve policies or poor economic data, silver prices could rise.
Industrial Demand ⚙️:
Silver has significant industrial applications, particularly in electronics and renewable energy. Any positive developments in these sectors could support silver prices.
Upcoming Economic Events 📅:
The chart shows upcoming economic events (likely US-related). If these events lead to USD weakness or increased market uncertainty, silver could benefit.
Trade Idea 💡
Scenario 1: Bullish Breakout 🚀
Entry: Buy above $33.80 (on a confirmed breakout).
Target: $34.25 (50% Fibonacci extension) and $34.50 (psychological level).
Stop Loss: Below $33.35 (50% Fibonacci level).
Scenario 2: Pullback and Rebound 🔄
Entry: Buy near $33.35 (50% Fibonacci level) or $33.24 (61.8% Fibonacci level) if the price pulls back.
Target: $33.80 (0% Fibonacci level) and $34.25.
Stop Loss: Below $33.00.
Scenario 3: Bearish Reversal 📉
Entry: Sell below $33.24 (61.8% Fibonacci level) if the price fails to hold support.
Target: $33.00 and $32.90.
Stop Loss: Above $33.50.
Conclusion ✅
The current setup favors a bullish bias 📈, but the resistance at $33.80 is critical. A breakout above this level could lead to significant upside, while a failure to break higher may result in a pullback to key support levels. Monitor price action closely around the Fibonacci levels and upcoming economic events for confirmation. ⚠️
Disclaimer ⚠️
This analysis is for informational purposes only and should not be considered financial advice. Trading involves significant risk, and you should only trade with capital you can afford to lose. Always conduct your own research or consult with a licensed financial advisor before making any trading decisions.
XAG USD LONG Silver price after falling from the ascending channel last week took a straight dump in a closing descending channel and seemed to take support from the purple minor zone from which I took the long trade which is still running.
Also formed a double bottom and broke out the diagonal Trendline resistance indicating more bullish Signs.
Silver’s Bullish Breakout Raises Stakes for $34.24 RetestSilver delivered a monster bullish candle on Tuesday, completing a morning star pattern while smashing through wedge resistance that had capped gains earlier in the week. With RSI (14) setting higher lows and MACD on the verge of a bullish crossover, price and momentum signals suggest a growing risk of a retest of the March 18 high at $34.24.
Silver has a habit of gravitating toward round figures, making any pullback toward $33.50 a potential buying opportunity where longs could be established above with a stop beneath for protection. Resistance may emerge near $34, though $34.24 appears a more meaningful initial target. A break above that could encourage bulls to chase a move toward the October high of $34.87.
If silver reverses back beneath former wedge resistance and holds there, the bullish bias would be invalidated.
Good luck!
DS
SILVER - Breaking GoodWhile gold cycles are a bit cconfusing, the silver cycle is crystal clear.
Silver printed an ICL last year December .The intermediate cycle's first daily cycle is behind us . The DCL was printed on 28th February.
Right now we are in the 2nd daily cycle . This is the daily cycle where silver can break 35$ and finish this intermediate cycle at 40-42$ during the following weeks.
Gold printed a strong rally in the past weeks, but the xauxag ratio is turning down and there is a good chance the lower part of the consolidation box will be tagged during the following weeks.
If you are in a gold long position probably it's time to switch to a silver long position...
If you don't have any precious metal position it's time to open a silver long position.
