Silver
Silver: Bearish Engulfing – Is the Top In?#Silver View:
Just like Gold, Silver has formed a strong Bearish Engulfing pattern on the daily chart, potentially signaling a temporary top in the current trend. While it’s still early to confirm a full reversal, the price action suggests caution for bulls.
✅ Confirmation:
A daily close below 143,900
(today's low), especially with increased volume, would confirm the pattern and likely trigger further downside momentum.
❌ Negation:
If Silver manages to close above 153,388 (today’s high), the bearish structure will be invalidated.
🎯 Key Levels to Watch:
Resistance: 153,388 (pattern high)
Support: 143,900 (pattern low)
Stay alert for follow-through candles and volume spikes in coming sessions.
#Silver | #XAGUSD | #BearishEngulfing | #CandlestickPatterns | #TechnicalAnalysis | #PriceAction | #SilverAnalysis
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
Silver at a major resistanceSilver has reached a major resistance level. A breakout above this will see more rally. It will be very interesting to see what happens from here. Big Macro development if a breakout happens. The metal will continue to shine if it breaks out, otherwise it is a top and correction will follow.
Silver Bullish Breakout on Monthly & Weekly CharPattern Formed: Symmetrical Triangle (Long-Term Consolidation)
Breakout Type: Bullish Breakout on Monthly & Weekly Chart
Volume Confirmation: Strength in breakout with price expansion
Measured Move Target: ~$44 (based on triangle height projection)
Immediate Resistance Zone: $44.11 (Historical supply zone)
Support Levels Post-Breakout:
Immediate Support: $34.78
Strong Support: $33.28
Silver Re Entry After booking partial profits at 12R, I am re-entering the MCX:SILVERM1! trade with a fresh position. The setup continues to align with my trend-following and risk parameters, and the market structure supports further upside potential.
Partial exit: 12R booked ✅
New entry: Initiated as per strategy rules
Risk management: Strict stop in place, position sizing aligned with capital
Targets: Following original R-multiple framework
Staying disciplined and letting the trade run with the trend.
XAGUSD Step-by-step entry plan for XAGUSD
1. We have our Daily Point of Interest (POI)
- On the daily a zone that contains:
* a fair value gap (FVG),
* a break of structure (BOS) that previously acted as resistance and is now expected to act as support, and
* support from the 44 SMA.
2. Wait for price to return to the Daily POI
- Only consider the setup if price actually comes back into that daily POI zone.
3. Switch to the 1-hour timeframe to refine the entry
- Look for a shift in structure on the 1-hour (i.e., evidence that momentum is shifting bullish: BOS to the upside, higher highs/higher lows).
4. Confirm a 1-hour fair value gap forms
- The structure shift on 1-hour should create a 1-hour FVG (a short intraday imbalance).
5. Wait for the 1-hour FVG to be filled
- Let price fill that 1-hour FVG (price moves into/through the gap).
6. Look for a bullish confirmation on the filled 1-hour FVG
- After the fill, require a clear bullish formation on 1-hour (examples: bullish engulfing candle, strong demand candle, a higher-low + rejection wick).
7. Enter on the 1-hour bullish confirmation
- Enter when price breaks the confirmation level (e.g., breaks above the local 1-hour high formed by the bullish setup) or on a confirmed bullish candle close per your entry rules.
Silver (XAGUSD) Trading in a rising wedge Pattern📌 Silver (XAGUSD)
Trading in a rising wedge, pressing resistance near $39.
RSI divergence → price making higher highs, momentum not following.
MACD rolling over while price climbs = possible bearish divergence.
Support to watch: $37.3 → wedge breakdown if breached.
👉 Bullish only if $39.5 breaks with strong volume; otherwise, risk of pullback.
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🎯 Takeaway
Silver = extended wedge → caution, momentum weak.
Resistance Breakout expected in SILVERilver Futures (MCX) are approaching a key resistance zone at ₹114,258. Price action shows multiple tests of this level, suggesting strong buying interest and a potential breakout. If this resistance is cleared, bullish momentum may accelerate, offering an attractive long opportunity for traders. Risk management is crucial; consider placing stops below recent support to protect capital. Monitor for confirmation through sustained price action above the resistance and increased volume. This set-up highlights evolving strength in silver and could pave the way for a further move higher. This analysis is for educational purposes and not investment advice.
Gold form double top bearish pattern,Bearish Patterns Annotated:
Double Top: A classic bearish reversal pattern resembling an "M" shape. It occurs when price hits resistance twice at similar levels (here, approximately $3,437 and $3,448 in July and August) and fails to break higher. This signals potential exhaustion of buyers and a shift to sellers.
Evening Star: A three-candle bearish reversal pattern marked near the recent high. It typically consists of a large green candle (up day), followed by a small-bodied candle (indecision), and then a large red candle closing below the midpoint of the first candle. This suggests bulls are losing control.
Engulf Candle (Bearish Engulfing): A red candle that completely "engulfs" the body of the prior green candle, indicating strong selling pressure overriding previous buying. It's marked near the top, reinforcing the reversal theme.
Opportunity: - As per chart it can short 3380-3350 with stop loss 3400 above for the targets of double bottom pattern 3260 and 3160.
#Silver up for another short sell move?Silver is currently completing the 4th wave and may witness a down move in the short term. Keeping my eyes glued. :)
**This is an educational market outlook, not investment advice. Please consult a SEBI-registered advisor before taking any investment decisions.**
MCX Silver Powers Through Pattern Targets – Momentum Continues#Update | #MCXSilver
On Dec 27, 2022 , we identified a bullish flag pattern when Silver was trading around 69,845 . A follow-up update was shared on Apr 4, 2025 , with prices near 87,878 .
Since then, MCX Silver moved up and touched a high of 1,16,641 on Jul 14, 2025 , meeting the projected zone of the earlier chart pattern — a move of 67% from the initial post and +32% from the April update.
At present, Silver is trading within an ascending channel on the long-term charts — a structure often associated with a sustained trend.
Stay tuned — this could just be the beginning!
⚠️ This is a technical observation shared for educational purposes only. Not a buy/sell recommendation. Please consult your financial advisor before making any trading decisions.
#Silver | #MCX | #TechnicalAnalysis | #PriceAction | #Commodities | #TrendAnalysis | #ChartPatterns
Silver at Multiple Confluence ResistanceSilver came up to a confluence of three Channel Resistances on all major timeframes i.e. Monthly, Weekly & Daily. Near term support currently is only the Daily Channel Support line & the last breakout attempt on D1 has failed to a certain extent. Should big volatility be expected? A break of such strong resistance may signal strong bullish momentum but can the support hold under such conditions.
Is the move over for Silver? #CommodityIt looks like the impulse for Silver is about to end. However, we still need the price action to confirm the view.
**This analysis is based on the Elliott Wave Principle.
This analysis is for educational purposes only and not investment advice.
Please consult your SEBI-registered advisor before making any investment decisions. Markets are subject to risk.**
Bearish Harmonic in Play – Silver Sell Zone TriggeredBearish Harmonic in Play – MCX:SILVER1! Sell Zone Triggered 🔔
The pattern marked from X → A → B → C → D forms a Bearish Harmonic Structure , most likely a Bearish Butterfly , confirmed by key Fibonacci ratios:
* XA to AB retracement: 78.8%
* BC to CD extension: 1.543
This setup signals the formation of a Potential Reversal Zone (PRZ) near point D , where a bearish trend may initiate.
📉 Bearish Price Outlook
The dotted projection lines and red arrow illustrate the anticipated downward move:
* Price is likely to face resistance and reverse from the PRZ between ₹108,771 and ₹109,850
* A break below ₹106,899 could trigger further decline toward key support levels at ₹103,904 and ₹98,810
SilverSilver ( OANDA:XAGUSD ) – Bearish Head & Shoulders Forming on 4H Chart
Silver is currently trading at $35.95/oz and forming a Head and Shoulders pattern on the 4-hour chart — a classic bearish reversal setup. The right shoulder is still in formation, with the neckline support around $35.26.
🔍 Key Levels to Watch:
Neckline: $35.26
Breakdown Target: $33.24
Pattern Type: Bearish Head & Shoulders
⚠️ A decisive break below the neckline could trigger a short-term correction toward $33.24. Until then, price action near the neckline should be watched closely for confirmation.
📉 Short bias on breakdown. Wait for confirmation before entry.






















