Silver Price Forecast: Can XAG/USD Ride the $52 Breakout Wave?
Silver (XAG/USD) is still in an uptrend, bouncing off $49.70 and now testing $51.99. The trendline connecting $48.97 and $49.74...
Quick overview
- Silver (XAG/USD) is currently in an uptrend, testing resistance at $51.99 after bouncing off $49.70.
- The trendline support between $48.97 and $49.74 indicates that buyers remain in control, with a bullish outlook supported by a rising 100-period SMMA.
- Key resistance levels to watch are $51.99, $52.99, and $53.96, while support is found at $50.95 and the trendline.
- Traders have two options: a breakout entry above $52.00 or a retracement entry if silver pulls back to the $50.00–$50.20 range.
Silver (XAG/USD) is still in an uptrend, bouncing off $49.70 and now testing $51.99. The trendline connecting $48.97 and $49.74 is support, so buyers are still in control. The 100-period SMMA at $46.82 is rising, so the bigger picture is bullish.
On the 2-hour chart, it’s textbook: higher highs and higher lows. The last cluster of candles is a mini “three white soldiers” so momentum is holding. $50.95 is the decision zone, above and bulls may run further; below and a pullback is more likely.
Silver Momentum & Resistance Zones to Watch
Momentum is saying there’s still room to run. RSI is 66.7, not overbought yet, so there’s room to go. Next resistance is $52.99 and $53.96, not impossible to get to if buyers take control of this breakout zone.
[[XAG/USD-graph]]
But be careful. If silver can’t hold $50.95, rejection could lead to a pullback. A bounce off that zone might be a better entry for those who missed the move.
Here’s how to trade it:
- Resistance zones: $51.99 → $52.99 → $53.96
- Support zones: $50.95 → trendline → $49.70 – $50.00
Silver (XAG/USD) Trade Setup: Breakout or Retrace Entry
If you’re watching the chart closely, there are two options:
- Breakout play
- Entry: Clean above $52.00, confirmation
- Target: $52.99 → $53.96
- Stop: Below $50.90
- Retracement entry
- If silver pulls back to $50.00–$50.20, that range could be a second chance to get in
- A bounce from that support to $52+ is still good
Either way, be patient: wait for confirmation. As long as $49.70–$50.95 holds, silver looks good.
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