Silver wants to increase more & moreI’m keeping an eye on silver, there’s a good chance it could climb back to the $40. In my opinion, silver usually trails gold by a step or two, but it tends to follow the same overall trend. On the 3-month chart, the RSI is around 66, which is a known resistance level. If it breaks through soon, we might see a strong upward move.
XAGUSD trade ideas
SILVERBehind every successful trade lies the 90% rule - a hidden truth known to seasoned traders. As we see the breakout and retest, it's time to look out for this powerful tool that can lead us to profitable trades. Keep it simple, use lists when needed, and don't miss out on this unspoken reality. #tradingtips #90percentrule
SILVER PROJECTION Here's my projection for Xag this week.
PS: price would do what it wants to do regardless
We cleared the high of the second week of the Month 34.067 and close bearish last week. Hence my anticipation that price is going to clear the los of the second week as well which is 31.789 taking that as my draw of Liquidity 🧲.
Shuffling down to H4, everything now depends on confirmation. Price may react from 33.302 and continue to the downside or price may decide to go and test that 33.597 zon before the sell continuation.
Watch out for these zone for trade opportunity.
Kindly boost if you find this insightful 🫴
XAG/USD SILVER TRENDLINE BREAK outThis image shows a trade setup for XAGUSD (Silver) with key levels, entry, stop loss, and targets. Here's a quick breakdown and analysis:
Trade Details
Entry: 33.1840
Stop Loss: 33.7000
Target 1: 31.9075 (~1.27 RR)
Target 2: 31.0000 (~3.68 RR)
Analysis
Trend Line Breakout suggests bearish momentum.
Key Support Zone:
32.50: A break below this could accelerate downward.
31.9075: Possible interim support before hitting 31.0000.
Additional Considerations
Using Fibonacci retracements or moving averages for confluence could strengthen this setup.
Given the Risk-Reward Ratio, Target 2 presents a stronger swing trade opportunity.
Recommendation
If bearish momentum continues and 32.50 breaks, this setup has solid potential.
Ensure you monitor key resistance levels to avoid premature reversal risks.
Would you like a technical indicator suggestion or algo strategy for this setup?
SILVER Will Go Lower From Resistance! Short!
Take a look at our analysis for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 33.211.
Taking into consideration the structure & trend analysis, I believe that the market will reach 31.952 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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 (XAG/USD) – Rising Wedge Breakdown & Bearish Setup📊 Overview of the Chart
This 4-hour chart of Silver (XAG/USD) provides a classic example of a Rising Wedge Breakdown, a bearish reversal pattern. The price initially followed a strong uptrend, forming a series of higher highs and higher lows, but failed to sustain momentum at the key resistance zone (~$34.00 - $34.50). This led to a breakout to the downside, which has now confirmed a shift in market sentiment from bullish to bearish.
This analysis will break down each key level, the technical indicators supporting this trade setup, and how traders can approach it effectively.
🛠️ Breakdown of the Chart Components
1️⃣ Rising Wedge Formation (Bearish Pattern Identified)
The price action created a Rising Wedge, which is a bearish pattern characterized by an uptrend where the higher highs and higher lows start converging into a narrowing range.
This shows that while buyers were pushing prices higher, their strength was gradually fading.
The breakdown of this structure signaled a loss of bullish momentum, leading to a shift in trend.
2️⃣ Resistance Level & Sell Zone Identified
The resistance level at $34.00 - $34.50 has acted as a supply zone where sellers stepped in, preventing further upside.
A bearish rejection at this zone confirms that sellers are still dominant.
3️⃣ Retest of the Broken Support (Key Confirmation)
After the breakout from the wedge, the price made a retest of the broken trendline, a classic move before further downside.
Retesting this area confirms that it is now acting as resistance rather than support, further strengthening the bearish case.
4️⃣ Trendline Breakout – Shift in Market Structure
The dashed trendline was previously supportive, but now that the price has broken below it, it has turned into a resistance level.
This shift in market structure is a strong bearish signal.
5️⃣ Key Support Levels & Target Projection
The next major support level is at $32.00, a level where price previously found demand.
The ultimate target price is around $31.18, which aligns with historical support and Fibonacci retracement levels.
📉 Trading Strategy – How to Trade This Setup?
✅ Entry Point (Short/Sell Setup)
A good shorting opportunity arises if the price retests the resistance at $33.50 - $34.00 and shows bearish confirmation (like a rejection candlestick or a bearish engulfing pattern).
📍 Stop Loss (SL) Placement
SL should be above $34.20 to avoid getting stopped out by potential fakeouts.
🎯 Take Profit (TP) Levels
TP1: $32.00 (First support level)
TP2: $31.18 (Final bearish target)
📊 Risk-Reward Ratio
Entry at $33.50 - $34.00 with SL at $34.20 and TP at $31.18 provides an excellent risk-to-reward ratio (~1:4).
📌 Market Sentiment & Conclusion
🔴 Bearish signals are dominant, suggesting further downside potential.
📉 A strong bearish move is expected if the price fails to reclaim $34.00.
🎯 Targeting $31.18 in the upcoming sessions.
📢 Final Advice: Traders should watch for confirmation before entering trades. A successful retest and rejection at $33.50 - $34.00 will be a high-probability short setup. 🚀
🔥 Follow price action and risk management principles for a successful trade! 🔥
Silver's Limited Rebound at $33.06Posting a modest rebound after last week’s dip, silver currently trades around $33.06 per ounce. The recovery is limited as easing geopolitical tensions compete with the pressure from a strong U.S. dollar. Demand stays strong due to tariff uncertainty and inflation risks, but weak industrial outlook, mainly from China, and hopes for a Russia-Ukraine ceasefire are limiting silver’s gains. Still, tightening supply and global economic concerns are helping keep silver near five-month highs.
If silver breaks above $33.75, 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.
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Entry 📈 :
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🏁Buy entry above 34.200
🏁Sell Entry below 33.400
📌However, I recommended to place buy stop for bullish side and sell stop for bearish side.
Stop Loss 🛑:
🚩Thief SL placed at 33.400 for Bullish Trade
🚩Thief SL placed at 34.000 for Bearish Trade
Using the 30mins period, the recent / swing low or high level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯:
🏴☠️Bullish Robbers TP 35.400 (or) Escape Before the Target
🏴☠️Bearish Robbers TP 32.800 (or) Escape Before the Target
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As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
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Mon 24th Mar 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
Bullish bounce?The Silver (XAG/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 32.70
1st Support: 31.91
1st Resistance: 34.46
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAGUSD - Hunting for Bullish Entries on Smaller TFThe Silver/USD 4-hour chart displays a significant retracement from recent highs around $3,420, with price currently rebounding near the $3,300 level. This correction has brought price to test both the ascending trendline and the horizontal support at $3,275 (marked by the red line), creating a potential buying opportunity. Given the overall uptrend structure and the recent bounce from this dual support zone, we need to prepare for finding buy setups on smaller timeframes. Traders should shift to lower timeframe charts (15-minute, 30-minute, or 1-hour) to identify precise entry signals. The price action suggests a potential retest of the upper blue reaction zone after completing the current zigzag correction, as indicated by the directional arrow on the chart. Monitoring these smaller timeframes will help capture optimal entry points with tighter stop-losses while maintaining the broader bullish bias shown on this 4-hour chart.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SILVER: Bullish Forecast & Outlook
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 up by the bulls so we will buy!
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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