Silver Shines Brighter: A Bullish Run to $39.62 After Rate Cut?
Updated
Hey Realistic Traders, let’s dive into the analysis of 
XAGUSD
On the daily timeframe, silver has consistently traded above the EMA100, signaling a strong bullish trend. Additionally, it has broken through the upper trendline of a wide descending broadening wedge pattern. This breakout, confirmed by a bullish Marubozu candlestick, indicates strong buyer momentum. The MACD’s bullish crossover further supports the expectation of continued upward movement.
With these technical indicators in alignment, we anticipate silver advancing toward Target Area 1 at 36.76 and potentially reaching Target Area 2 at 39.62. However, the support level at 27.59 remains critical; a break below this level could invite bearish pressure.
In the broader macroeconomic landscape, central banks across multiple countries are enacting rate cuts to stimulate growth amid slowing economic conditions. Combined with declining manufacturing PMIs, geopolitical tensions, and the US-China economic slowdown, these factors heighten uncertainty. As a result, safe-haven assets like silver and gold are expected to benefit, as investors seek protection against market volatility. This influx of demand may provide further upward momentum for silver prices.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Silver.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
XAGUSD On the daily timeframe, silver has consistently traded above the EMA100, signaling a strong bullish trend. Additionally, it has broken through the upper trendline of a wide descending broadening wedge pattern. This breakout, confirmed by a bullish Marubozu candlestick, indicates strong buyer momentum. The MACD’s bullish crossover further supports the expectation of continued upward movement.
With these technical indicators in alignment, we anticipate silver advancing toward Target Area 1 at 36.76 and potentially reaching Target Area 2 at 39.62. However, the support level at 27.59 remains critical; a break below this level could invite bearish pressure.
In the broader macroeconomic landscape, central banks across multiple countries are enacting rate cuts to stimulate growth amid slowing economic conditions. Combined with declining manufacturing PMIs, geopolitical tensions, and the US-China economic slowdown, these factors heighten uncertainty. As a result, safe-haven assets like silver and gold are expected to benefit, as investors seek protection against market volatility. This influx of demand may provide further upward momentum for silver prices.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Silver.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Trade active
Catching up with Gold but a different pattern was formed.
Rebounded on EMA21 and made impulsive breakout of the base pattern, indicating a strong upward momentum :D
Note
Falling Wedge Breakout in the H4 timeframe, another confirmation of silver will continues its bullish trend
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