XAG/USD 4H Weekly Analysis: Silver Aiming for $35.59?Key Observations:
📍 Current Price: $33.724 📉 (-0.07%)
🟢 Support Zones:
H4 Support: 📌 $33.000 🔵
Major Support: 📌 $31.000 🔵 (Highlighted with 🔥⚡ and news icons 📊📅)
🔴 Resistance Levels:
$34.000 Resistance 🛑
Target: 🎯 $35.591 📈
📈 Expected Price Movement:
✅ Bullish Scenario:
The price bounces off the support and pushes past $34.000 🚀
A move towards $35.59 target 📊💰
⚠️ Bearish Scenario:
If price fails to break $34.000, it may drop back to $33.000 or even $31.000 ⬇️🛑
Economic events (📅📉) may cause high volatility
🎯 Final Thought:
Likely bullish movement toward $35.59 if support holds 💹📈
Watch for price action at $34.000 – key level for breakout 🔍⚡
Silversignal
XAGUSD/SILVER 4H BUY PROJECTION 06.09.24In this latest upward cycle of the silver market, Fed interest rate moves are playing an oversized role in pumping up silver prices. In early July, as analysts factored in the rising potential for interest rate cuts in the remainder of 2024, silver prices were once again testing May's nearly 12-year high.
silver value buying levels the 3rd oct uptrend is more likely a pullback from the previous downtrend that we had analysed and played well
currently the price has reached to the fib golden zone of 0.6 and 0.7 and there is another confluence of previous rejection zone
price started making lower high and lower low
68000 - 67000 will be area of order blocks
lets wait for the price to react on this
Silver Mini MCX 15 Mins Chart AnalysisSilver Mini MCX On 15 Mins Time Fame Chart is Consolidating between Range 57800- 56500, Breakout is Awaited Either side of the Range, Till Then one Can Sell around Higher side or Range and Buy on The lower side of the Range. As the Major Trend is down Currently, If Silver Mini MCX Contact closes below 56500 We have see Further sell off