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.
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=
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
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
Silver Builds Momentum: Break Above 49.50 in Sight1. What Happened Recently
After rebounding from the 45.50 recent low, Silver rallied strongly into the 49.30โ49.50 resistance zone, where it faced short-term selling pressure. A healthy correction followed, taking price back to the 47.00 support area.
2. Market Reaction
From that zone, bulls ste
See all ideasย
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.









