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:

• Silver was previously trading within a downtrend, forming lower highs and lower lows. However, the recent bullish breakout has flipped the trend, with price action confirming a successful retest of the broken trendline.

2️⃣ Resistance and Key Price Levels:

• The current resistance zone sits around 30.90 – 31.35, which has historically acted as a strong supply area.
• The next major upside target is at 32.10, where we expect sellers to step in.

3️⃣ Volume Confirmation:

• Volume has been rising alongside price action, which adds strength to the breakout and signals increased buyer participation.

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:

• Consider buying silver (XAG/USD) ONLY if it consolidates above 30.90, confirming a breakout.
• Target Price (TP): 32.10, the next major resistance level.

🔽 Risk Management:

• A failure to break and hold above 30.90 could see silver retrace back to the 30.35 support zone. Traders should watch for price action confirmation before entering positions.

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.

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