Silver Turns Bearish Again โ Watch 47.50 Support CloselyPretty similar to Gold, Silver also failed to break above resistance yesterday and started to roll back down.
A few hours ago, the price touched short-term support and is now seeing a minor rebound.
However, the structure has clearly turned bearish, with lower highs confirming momentum exhaustion.
About Silver / U.S. Dollar
๏ปฟSilver Prices have been followed for centuries. Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand. Ag is the chemical symbol for silver on the periodic table of elements and its ISO currency symbol is XAG.
SILVER | Forming AB=CD Pattern | Strong Buy Zone Ahead!#SILVER is currently moving in a correction phase and has reached the Fib retracement zone between 0.382 โ 0.5, which historically acts as a strong buying area for long-term investors.
At this zone, no major bearish signs are visible, and the structure suggests a possible formation of a bullish AB=
XAGUSDHello Traders! ๐
What are your thoughts on Silver ?
Silver entered a corrective phase following its recent rally and is now trading below the resistance zone and the broken trendline.
This structure suggests weakening bullish momentum and a potential continuation to the downside once the pullback
XAGUSD - Silver BUY CAPITALCOM:SILVER
Previously, Silver had a huge selloff, but on October 28, price on Daily timeframe tapped into 50 EMA, created a doji candle and failed to make LL to support continuing sell bias
Price on 1H, 4H, and Daily timeframe are all trading above EMA50
4H making HH-HL and recently br
SILVER Will Go Higher! Long!
Take a look at our analysis for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 4,796.6.
Considering the today's price action, probabilities will be high to see a movement to 5,274.4.
P
XAGUSD H1 | Bullish Bounce off SupportXAGUSD is falling towards our buy entry at 47.95, which is a minor pullback support level, that aligns with the H1 Fair Value Gap and 71% Fibonacci retracement level.
The stop loss is at 47.56, which is a swing low support level, while the take profit is at 48.73, which is a swing high resistance
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Displays a symbol's price movements over previous years to identify recurring trends.









