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Silver: Approaching Major DP Zone With Two Possible Paths to 53

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Hi Team!

Silver has completed a clean inverse Head & Shoulders pattern and is climbing steadily within a rising channel. Bullish momentum remains intact as price moves toward the DP (Decision Point) zone, which aligns with a key supply area from the previous breakdown.

As price approaches this zone, two scenarios remain most likely:

  • Scenario 1:
A rejection from the upper boundary of the channel, leading to a corrective pullback toward the mid-channel or lower trendline, before resuming higher toward the $52.9 target.

  • Scenario 2:
A shallow pullback or brief consolidation just below the DP zone, followed by bullish continuation that drives price directly into the $52.9 target and possibly beyond.

Regardless of which path plays out, both scenarios point toward the same upside objective at $52.9, as long as the rising channel structure remains intact.


Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
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Beyond Technical AnalysisChart PatternsSilversilveranalysissilverchartssilverlongTrend AnalysisXAG USD (Silver / US Dollar)xagusdanalysisxagusdlong

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Beyond Technical AnalysisChart PatternsSilversilveranalysissilverchartssilverlongTrend AnalysisXAG USD (Silver / US Dollar)xagusdanalysisxagusdlong
melikatrader94
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
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🟢 Telegram channel: t.me/melikatrader94

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또한 다음에서도:

관련 발행물

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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.