Hey traders, today is a great time to revisit the Silver vs. Gold debate.
Fundamentally, Silver(
XAGUSD) is currently hitting some pretty impressive levels. In fact, we’ve just seen Silver break above its All-Time High(ATH), surpassing $50, driven by strong industrial demand and global economic uncertainties.
What does this mean for us? Well, while Gold(
XAUUSD) remains the classic safe haven, silver’s dual role—both as a precious metal and a key industrial commodity—gives it a unique edge right now. The recent breakout suggests that silver might actually be an even more compelling bullish play than gold in the current market environment.
So if you’re feeling bullish, there’s a solid fundamental case for silver shining a bit brighter these days. Let's keep an eye on how it moves.
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Let’s dive into the 4-hour timeframe for silver. Recently, with the help of a head and shoulders pattern, silver began a correction and reached its target.
At the moment, it looks like Silver has completed its pullback to a heavy resistance zone($49.82-$43.00) and is now moving near a Potential Reversal Zone(PRZ)[$47.67-$46.64] and a Support line.
From an Elliott Wave perspective, it seems that silver has completed its main wave 3(New ATH=$49.82) and is currently working through its main wave 4, which so far looks like a Zigzag Correction.
I expect that Silver will resume its upward movement and climb at least up to about $50.77(First Target).
Second Target: $52.61
Stop Loss(SL): $45.82(Worst)
Please respect each other's ideas and express them politely if you agree or disagree.
Silver/ U.S. Dollar Analyze (XAGUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Fundamentally, Silver(
XAGUSD) is currently hitting some pretty impressive levels. In fact, we’ve just seen Silver break above its All-Time High(ATH), surpassing $50, driven by strong industrial demand and global economic uncertainties.What does this mean for us? Well, while Gold(
XAUUSD) remains the classic safe haven, silver’s dual role—both as a precious metal and a key industrial commodity—gives it a unique edge right now. The recent breakout suggests that silver might actually be an even more compelling bullish play than gold in the current market environment.So if you’re feeling bullish, there’s a solid fundamental case for silver shining a bit brighter these days. Let's keep an eye on how it moves.
---------------------------------------------------------
Let’s dive into the 4-hour timeframe for silver. Recently, with the help of a head and shoulders pattern, silver began a correction and reached its target.
At the moment, it looks like Silver has completed its pullback to a heavy resistance zone($49.82-$43.00) and is now moving near a Potential Reversal Zone(PRZ)[$47.67-$46.64] and a Support line.
From an Elliott Wave perspective, it seems that silver has completed its main wave 3(New ATH=$49.82) and is currently working through its main wave 4, which so far looks like a Zigzag Correction.
I expect that Silver will resume its upward movement and climb at least up to about $50.77(First Target).
Second Target: $52.61
Stop Loss(SL): $45.82(Worst)
Please respect each other's ideas and express them politely if you agree or disagree.
Silver/ U.S. Dollar Analyze (XAGUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
تم فتح الصفقة
Trade was activated in Potential Reversal Zone(PRZ)[$47.67-$46.64]
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🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
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-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.