🔍 XAG/USD (Silver) Monthly Analysis – Major Resistance Test Incoming 💥🪙
📊 Overview:
This monthly chart of XAG/USD (Silver vs. US Dollar) reveals a critical technical juncture, where price action is testing a multi-year resistance-turned-support zone around $36.27. The chart is structured with major zones of support and resistance, and it includes a potential bullish extension followed by a bearish correction scenario.
📌 Key Technical Levels:
🟧 Support Zone: $22.50 – $24.00
🟨 Resistance-Turned-Support Zone: $34.00 – $36.50
🟪 Major Resistance: $43.60 – $48.80
🔼 Bullish Scenario (Preferred Path):
Current Price: ~$36.27 is at the upper edge of a crucial S/R flip zone.
📈 A breakout above this zone could propel silver toward the next resistance target at $43.60, with a potential full extension to $48.80.
✨ Momentum and historical breakout behavior from this region suggest strong buying interest if breached convincingly.
🔽 Bearish Scenario (Rejection Path):
🔄 If silver faces rejection at the $36.27 zone, it may retrace towards:
🟥 $28.31 minor support (intermediate target),
🔻 followed by a deeper correction to the $22.50–$24.00 support zone.
🔁 This would complete a classic retest of broken support, allowing accumulation before any further long-term rally.
🧠 Strategic Notes:
⚠️ Macro-driven: Silver is highly sensitive to inflation, Fed policy, and industrial demand.
📅 Long-term chart suggests cyclical behavior, with consolidation phases followed by aggressive trends.
📌 Traders should monitor weekly closes around $36.27 to confirm breakout or rejection.
✅ Conclusion:
Silver is at a make-or-break zone 🧨. A breakout may lead to a multi-year high, but failure here opens the door for a healthy pullback. The next few candles will be decisive for long-term positioning.
📉 Watch for rejection wicks at resistance
📈 Monitor volume on breakout attempts
📊 Plan for both outcomes: breakout or retest
📊 Overview:
This monthly chart of XAG/USD (Silver vs. US Dollar) reveals a critical technical juncture, where price action is testing a multi-year resistance-turned-support zone around $36.27. The chart is structured with major zones of support and resistance, and it includes a potential bullish extension followed by a bearish correction scenario.
📌 Key Technical Levels:
🟧 Support Zone: $22.50 – $24.00
🟨 Resistance-Turned-Support Zone: $34.00 – $36.50
🟪 Major Resistance: $43.60 – $48.80
🔼 Bullish Scenario (Preferred Path):
Current Price: ~$36.27 is at the upper edge of a crucial S/R flip zone.
📈 A breakout above this zone could propel silver toward the next resistance target at $43.60, with a potential full extension to $48.80.
✨ Momentum and historical breakout behavior from this region suggest strong buying interest if breached convincingly.
🔽 Bearish Scenario (Rejection Path):
🔄 If silver faces rejection at the $36.27 zone, it may retrace towards:
🟥 $28.31 minor support (intermediate target),
🔻 followed by a deeper correction to the $22.50–$24.00 support zone.
🔁 This would complete a classic retest of broken support, allowing accumulation before any further long-term rally.
🧠 Strategic Notes:
⚠️ Macro-driven: Silver is highly sensitive to inflation, Fed policy, and industrial demand.
📅 Long-term chart suggests cyclical behavior, with consolidation phases followed by aggressive trends.
📌 Traders should monitor weekly closes around $36.27 to confirm breakout or rejection.
✅ Conclusion:
Silver is at a make-or-break zone 🧨. A breakout may lead to a multi-year high, but failure here opens the door for a healthy pullback. The next few candles will be decisive for long-term positioning.
📉 Watch for rejection wicks at resistance
📈 Monitor volume on breakout attempts
📊 Plan for both outcomes: breakout or retest
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
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.