XAG/USD | Bull or Bear ? (READ THE CAPTION)

Sep 19

By analyzing the Silver chart on the 2-hour timeframe, we can see that the price is currently trading around $42. The resistance at $42.4 is just ahead, and I expect it to be broken soon, which could push silver to higher levels.

The next target and supply zone is between $42.5–$42.65. All supply and demand zones are marked on the chart — make sure to watch them closely and follow the price reaction. This analysis will be updated again!

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

Sep 20

Trade active

As expected, silver successfully broke above the $42.4 resistance and reached both targets in the $42.50–$42.65 supply zone.

After a strong bullish move, the price continued climbing and is now trading around $43.00. The previous supply zone has been invalidated, and the market has shown clear strength in favor of buyers.

All marked levels on the chart remain valid. Make sure to closely watch the reaction to the next zones ahead, especially around the $43.20–$43.50 range, where potential rejection may occur.

This analysis will be updated again.

Sep 22

Trade closed: target reached

By analyzing the #Silver chart on the 2-hour timeframe, we can see that the price continued its rally as expected, hitting the $42.5–$42.65 targets. However, it didn’t stop there and climbed further to $43.80. I hope you took full advantage of this move!

If the price settles below $43.56, we could expect a correction in silver. The possible downside targets for this pullback are $43.35, $43.25, and $42.98.