Silver (XAGUSD)Long
Silver Simplified: Chart Insights & Trade Idea Part II
Greetings Everyone,
This will be a brief update as I am revisiting a previous trade idea.
For a complete overview and detailed concepts, please refer to the original trade idea: Silver Simplified: Chart Insights.
Please leave a like 👍
What Happened This Week in Silver?
This week, silver experienced a lot of sideways movement and choppy price action. Despite minimal change from its opening price since my last update, the market provided buyers with several opportunities to enter a trade going long.
Market Sentiment
Overall, market sentiment remains bullish. There is clear evidence of aggressive buying in both silver and gold, which has been supporting their price movements.
This momentum suggests the potential for a sustained move over multiple weeks or even months.
Trade Idea 💡
Since the last update Silver has formed and now as of today broken out of a bull flag pattern.
After market closed it has completed a retest of the top of this flag pattern, performing a support and resistance (S&R) flip.
It is not now establishing a new flag pattern, positioning itself for a new breakout into higher price territories.
Looking Ahead
What could the price of silver be in 2025?
While it’s impossible to predict with certainty, the current bullish trends and supportive buying behavior could set the stage for significant long-term growth.
Best regards,
Clemard
Release 2 /? :)
XAGUSD
Commodities
Long lived silver :)
This will be a brief update as I am revisiting a previous trade idea.
For a complete overview and detailed concepts, please refer to the original trade idea: Silver Simplified: Chart Insights.
Please leave a like 👍
What Happened This Week in Silver?
This week, silver experienced a lot of sideways movement and choppy price action. Despite minimal change from its opening price since my last update, the market provided buyers with several opportunities to enter a trade going long.
Market Sentiment
Overall, market sentiment remains bullish. There is clear evidence of aggressive buying in both silver and gold, which has been supporting their price movements.
This momentum suggests the potential for a sustained move over multiple weeks or even months.
Trade Idea 💡
Since the last update Silver has formed and now as of today broken out of a bull flag pattern.
After market closed it has completed a retest of the top of this flag pattern, performing a support and resistance (S&R) flip.
It is not now establishing a new flag pattern, positioning itself for a new breakout into higher price territories.
Looking Ahead
What could the price of silver be in 2025?
While it’s impossible to predict with certainty, the current bullish trends and supportive buying behavior could set the stage for significant long-term growth.
Best regards,
Clemard
Release 2 /? :)
XAGUSD
Commodities
Long lived silver :)
Note
Why did the silver trader bring a ladder to the market?
Because he was trying to raise his profits, but all he got was a lot of silver lining!
What a day for silver!
So many things to learn from this price action - if anything it was a master piece.
I will be providing an update later this week.
Disclaimer
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