In my previous XAGUSD analysis, I argued that the trend was strongly bullish and that a move toward 40 was the next logical outcome. At the time, price was correcting, and I highlighted the 37.50 zone as a key area to look for long opportunities.
✅ Indeed, Silver respected that zone perfectly —
It retested the broken consolidation, found support, and then surged higher, marking a new multi-year high in yesterday’s session.
________________________________________
🔍 What Now?
Nothing has changed in the broader view:
• Trend: Strongly bullish
• Structure: Higher highs and higher lows remain intact
• Behavior: Dips are being bought aggressively
As long as the recent 37.50 low is not broken, the strategy remains straightforward:
Buy dips within bullish continuation
________________________________________
🎯 40 in Sight — But Don’t Be Surprised if It Goes Further
The 40 zone remains the natural next target — a major psychological level.
But based on current momentum and breakout strength, Silver could go even higher in the coming weeks and months. If buyers keep control, we might even see new ATH test by year's end (50 zone).
________________________________________
🟢 Conclusion
This breakout confirms the larger trend.
The pullback to 37.50 was bought, as expected, and now Silver is making its move.
Strategy should remain the same:
Stay long above 37.50
Buy the dips
Watch how price reacts near 40 — but keep an open mind for higher levels
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.
✅ Indeed, Silver respected that zone perfectly —
It retested the broken consolidation, found support, and then surged higher, marking a new multi-year high in yesterday’s session.
________________________________________
🔍 What Now?
Nothing has changed in the broader view:
• Trend: Strongly bullish
• Structure: Higher highs and higher lows remain intact
• Behavior: Dips are being bought aggressively
As long as the recent 37.50 low is not broken, the strategy remains straightforward:
Buy dips within bullish continuation
________________________________________
🎯 40 in Sight — But Don’t Be Surprised if It Goes Further
The 40 zone remains the natural next target — a major psychological level.
But based on current momentum and breakout strength, Silver could go even higher in the coming weeks and months. If buyers keep control, we might even see new ATH test by year's end (50 zone).
________________________________________
🟢 Conclusion
This breakout confirms the larger trend.
The pullback to 37.50 was bought, as expected, and now Silver is making its move.
Strategy should remain the same:
Stay long above 37.50
Buy the dips
Watch how price reacts near 40 — but keep an open mind for higher levels
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.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.