Silver (XAG/USD) Price Analysis โ€“ Key Levels & Market Outlook

122
๐Ÿ” Key Observations:

๐Ÿ“Š Current Price: 34.19250 USD
๐Ÿ“ˆ DEMA (9, close): 34.25605 USD
๐ŸŽฏ Target Price: 35.38940 - 35.5000 USD

๐Ÿ”ต Zones Identified:
๐ŸŸฆ Supply Zone: 34.50 - 34.80 USD (๐Ÿ”ผ Selling pressure area)
๐ŸŸฆ RBS Zone: 34.00 - 34.20 USD (๐Ÿ”ฝ Potential bounce zone)
๐ŸŸฆ Lower RBS Zone: 32.80 - 33.20 USD (โฌ‡๏ธ Strong support)

๐Ÿ“‰ Market Scenarios:

โœ… Bullish Case:

Price bounces off the RBS zone at 34.00 USD โžก๏ธ Uptrend resumes ๐Ÿš€

Target: 35.50 USD ๐ŸŽฏ


โŒ Bearish Case:

Breaks below 34.00 USD โ—

Next stop: 33.00 USD โš ๏ธ


๐Ÿ“ข Final Thoughts:

๐ŸŸข Buyers: Wait for a bounce at 34.00 USD before entering ๐Ÿ“ˆ

๐Ÿ”ด Sellers: Look for rejection at 34.50 - 34.80 USD or breakdown below 34.00 USD ๐Ÿ“‰


โšก Key Level to Watch: 34.00 USD ๐Ÿ‘€ A hold = bullish ๐Ÿ“Š, a break = bearish โš ๏ธ

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.