XAGUSD/SILVER WEEKLY PROJECTION 17.02.26This week, silver is showing a clear bearish setup on the higher timeframe.
Price has reached a strong resistance zone near R1, where we can see a bearish engulfing pattern forming.
This indicates that sellers are stepping into the market and momentum is shifting to the downside.
Currently, price is trading along the ascending trendline, but a breakdown below this structure will be the key confirmation for short positions.
The plan is simple:
We wait for a clean breakdown, followed by a retest of the support-turned-resistance zone.
That retest will provide a high-probability sell entry.
For risk management, the FVG gap area will act as the stop-loss zone, keeping the trade protected if price invalidates the setup.
On the downside, the next major liquidity lies near Support S2, which is our projected target area for this move.
So overall, as long as price remains below the resistance and confirms the breakdown,
the bias for the week remains bearish on silver.
Trade safe, manage risk, and wait for confirmation — not anticipation.
Short