XAGUSD – Silver Shining Brighter Than Gold?
At this moment, Silver looks technically stronger than Gold – and here’s why:
• Last Monday’s drop: Both Gold and Silver fell sharply, but what followed made the difference. While Gold moved sideways in consolidation, Silver bounced faster and even printed a new local high at 38.80, touching key resistance.
• Friday’s candles: Gold closed the day with a bearish pin bar, while Silver showed the opposite – a bullish pin bar, signaling demand at lower levels.
• Asian session behavior: Gold made a new low, but Silver instead printed a higher low, adding further strength to the bullish case.
📌 Conclusion:
As long as 37.50 holds, Silver’s structure remains constructive.
• A confirmed breakout above 38.80 resistance will open the way for a new leg higher.
• In that scenario, I expect the 40+ zone to be tested.
Silver is quietly building relative strength against Gold – a signal traders shouldn’t ignore. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
