Silver (XAGUSD) has completed a clear A–B–C corrective structure, with wave B failing below the 52.45 resistance zone. The rejection from the upper boundary aligns with the broader bearish sequence and confirms that sellers remain in control.
Wave (A) established the initial downside leg, followed by a corrective (B) retracement that stalled near the 0.236–0.382 Fibonacci levels. Price action has since broken structure to the downside, suggesting that wave (C) is now unfolding.
Using Fibonacci projections of wave A, wave C typically targets either:
1.0 × A = ~47.60
1.618 × A = ~44.60
Both levels align with the broader bearish sequence and prior liquidity zones. As long as price remains below 52.45, the bias favors continuation lower toward the Fibonacci extension cluster between 46.40–44.60.
Short-term corrective bounces are expected but should remain capped beneath the declining trendline and major moving averages.
This view remains valid unless Silver breaks above 52.45, which would invalidate the structure and shift the bias.
Disclaimer
This analysis is provided for educational and informational purposes only. It is not a recommendation or invitation to buy or sell any financial instrument. Markets carry significant risk, and every trader should perform their own independent analysis, apply appropriate risk management, and consult a licensed financial professional if needed. You are fully responsible for any trading decisions you make.
Wave (A) established the initial downside leg, followed by a corrective (B) retracement that stalled near the 0.236–0.382 Fibonacci levels. Price action has since broken structure to the downside, suggesting that wave (C) is now unfolding.
Using Fibonacci projections of wave A, wave C typically targets either:
1.0 × A = ~47.60
1.618 × A = ~44.60
Both levels align with the broader bearish sequence and prior liquidity zones. As long as price remains below 52.45, the bias favors continuation lower toward the Fibonacci extension cluster between 46.40–44.60.
Short-term corrective bounces are expected but should remain capped beneath the declining trendline and major moving averages.
This view remains valid unless Silver breaks above 52.45, which would invalidate the structure and shift the bias.
Disclaimer
This analysis is provided for educational and informational purposes only. It is not a recommendation or invitation to buy or sell any financial instrument. Markets carry significant risk, and every trader should perform their own independent analysis, apply appropriate risk management, and consult a licensed financial professional if needed. You are fully responsible for any trading decisions you make.
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.
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.