Hello, traders! π’ Today, weβre bringing you a Silver (XAGUSD) Market Technical Analysis and Trading Signal! β‘β¨ Letβs dive into the analysis without delay! ππ

π XAGUSD (Silver) β Trendline Retest & Potential Reversal!
Silver (XAGUSD) has broken the ascending trendline and retested it, indicating a possible bearish continuation. The price failed to sustain above resistance and is now showing signs of a potential decline.
With ongoing USD strength and shifting market sentiment, XAGUSD could face downward pressure.
π Silver Market Sentiment & Key Drivers
Stronger USD & Fed Policy: A hawkish stance from the Fed could weigh on XAGUSD prices as the USD strengthens.
Global Risk Appetite: Market sentiment is shifting, and investors may move capital away from commodities like XAGUSD.
Technical Breakdown: The break and retest of the trendline support-turned-resistance confirm the bearish outlook.
π XAGUSD Trade Plan β Key Levels to Watch
π½ Bearish Setup (Breakout Confirmation)
β
Entry: Sell below 33.7492
π― Target Profit (TP): 33.000 (Key support zone)
β Stop Loss (SL): 34.0945 (Above recent highs)
This setup follows trendline dynamics and a support break, favoring downside momentum.
β οΈ Risk Management & Market Watch
π Keep an eye on U.S. economic data, Fed rate decisions, and risk sentiment, which may impact silver prices. If XAGUSD reclaims the trendline, the bearish bias may be invalidated.
π’ Will Silver Continue to Drop?
Smash π if you agree! Comment below with your XAGUSD price prediction! ππ₯