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Silver Analysis: Support Test + RD+ — Is $80 Back on the Table?

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As I expected in the previous idea, Silver(XAGUSD) declined from the resistance zone($92.76-$82.77) and reached its target (full target).

Silver is moving near the support zone($74.40-$71.30), and over the past three days, it has also formed a descending channel.

Also, we can see the positive Regular Divergence (RD+) between two consecutive valleys.

I expect silver to start rising from the support zone($74.40-$71.30) and climb at least up to $77.47. If it breaks the resistance zone($79.32-$77.50), we could then expect silver to rise further toward $81.47.

First Target: $77.47

Second Target: $81.47

Stop Loss(SL): $70.41

Points may shift as the market evolves

What are your thoughts on silver for the short term? Do you think silver could trade above $80.00 Again this week or not?

💡 Please respect each other's opinions and express agreement or disagreement politely.

📌 Silver/ U.S. Dollar Analyze (XAGUSD), 1-hour time frame.

🛑 Always set a Stop Loss(SL) for every position you open.

✅ This is just my idea; I’d love to see your thoughts too!

🔥 If you find it helpful, please BOOST this post and share it with your friends.
עסקה פעילה
Trade was activated in support zone($74.40-$71.30)
עסקה סגורה: היעד הושג
תמונת-בזק

First Target Done

הערה
תמונת-בזק

Full Target Done($81.47)

In this analysis, we were able to stay with silver from the bottom. I hope it was useful, and thank you for your patience and capital management.

כתב ויתור

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