Greetings dear traders, If you ara e looking for trading signals, there is good news for you. Today we are come with a technical analysis of silver. let’s we dive into the analysis with delay.

Silver (XAGUSD) Technical Analysis by Guriforex: Bullish Breakout and Key Resistance in Focus

Silver has successfully broken out of its downtrend, retested the key trendline, and is now consolidating at a critical resistance level. This price action signals a potential continuation of the bullish momentum, with traders eyeing further upside targets. If silver manages to sustain a breakout above the 30.90 level, we could see a move towards the 32.10 resistance area.

Silver Market Technical Overview

1️⃣ XAGUSD Downtrend Break and Retest:

2️⃣ Resistance and Key Price Levels:

3️⃣ Volume Confirmation:

Silver Market Context & Fundamental Factors

Silver, like other precious metals, is often driven by macroeconomic events, inflation trends, and geopolitical uncertainty. With recent market instability linked to U.S. political developments and economic concerns, investors are shifting towards safe-haven assets, further supporting silver’s bullish momentum. Additionally, upcoming economic data releases could add volatility, making technical levels even more critical for traders

XAGUSD Trade Setup

🔼 Bullish Scenario:

🔽 Risk Management:

Conclusion

Silver is at a decisive turning point, having broken its downtrend and now testing a key resistance zone. A breakout above 30.90 could fuel further upside momentum toward 32.10, making it an attractive opportunity for traders. However, confirmation is key, and traders should remain cautious of potential pullbacks.

📊 Do you agree with this analysis? Click ❤️❤️❤️ and share your targets!💬

Leave a Reply

Your email address will not be published. Required fields are marked *