silver spot nxt boomer update blwsilver spot made almost triple top near 52.40$ which is facing big hurdle for silver if mkt sustain above 52.50$ or close above than next up side tgt 56--58$ support 51.50$ if blw than some correction till 50--49$--- yes eyes on 52.50$ if unable to hold abv than mkt looks some correction till 53.50
a deeper correction is on the way Siver $ 52.20
Elliott- the ABC correction of wave ii of C is an expanded flat. To me it is done. Wave iii of C should being now. The wave iii will come down minimum to $43.
Conclusion - Have patience, the precious metal will give you an opportunity to buy at much lower levels.
Silver continuesly buying recommended now 57.50 and 59.50 targetParameters Data
Reason 🟩 Dovish Fed Bets & Industrial Demand: US Fed rate cuts ki strong expectation aur US Dollar Index (DXY) mein weakness se Silver ko support mil raha hai. Additionally, industrial demand outlook bhi positive hai, driving price towards new highs.
Asset Name Silver COMEX (XAG/USD)
Silver today booked 140 pips continuesly buying recommended 48.2Parameters Data
Asset Name Silver COMEX (XAG/USD)
Reason 🟩 US rate cut expectations, weak dollar, aur high industrial demand ke chalte strong breakout.
R:R 🟩 R:R ratio is favorable for T2/T3 targets. / Threshold: Breakout above - & Breakdown below
Current Trade 🟩 BUY Active ⬆️ Target T1 - 53.50
Silver Look Good for short with 1:2 target Trend: Bearish. The market has shifted from an uptrend to a downtrend.
Pattern: Break and Retest. Price broke below the 49.50 support level, retested it as resistance, and is now rejecting it.
The Trade: A Short (Sell) setup is active.
Target (TP): 46.48 (Lower support zone).
Stop Loss (SL): 49.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.









