Silver (XAGUSD, 4H) – Wave 3 Structure Formation and Continuation Scenario
Current price: $48.37
Silver is forming a potential impulsive sequence, following a completed ABC correction. The current rebound from the $47.00 area marks the possible start of wave 3, aligning with Fibonacci projections for a broader bullish continuation.
🧩 Technical Overview
• The metal has rebounded from the $47.00–$47.20 support zone, where multiple technical factors converge (Fib 0.236 retracement + previous swing low).
• A breakout from the short-term descending structure indicates renewed upward momentum.
• The next phase of the pattern targets higher Fibonacci extensions, confirming the start of a new impulsive leg.
📈 Bullish Scenario
• Stop-loss: below $47.10, under the recent low.
• Upside targets:
– $50.25–$50.30 — short-term confirmation zone
– $51.30–$51.35 — next resistance / 1.0 Fib projection
– $53.00–$53.10 — mid-term target (1.618 Fib)
– $56.20–$56.30 — extended objective (1.2 Fib expansion of the broader structure)
• A close above $49.00–$49.20 would confirm bullish continuation toward the $51–$53 range.
⚙️ Market Context
• Silver continues to mirror broader metal sector strength, supported by a moderate USD retracement and rising commodity momentum.
• Technical structure supports the idea of a completed corrective wave C, now transitioning into a new growth cycle.
• Volume and momentum indicators show early divergence signals consistent with a bullish reversal base.
🧭 Summary
Silver is showing clear signs of trend reversal and wave continuation.
• While price remains above $47.10, bias stays bullish, targeting $50.25 → $51.30 → $53.00 → $56.20.
• A breakout above $49.00 would validate the start of wave 3, whereas a drop below $47.00 would delay the scenario.
Current price: $48.37
Silver is forming a potential impulsive sequence, following a completed ABC correction. The current rebound from the $47.00 area marks the possible start of wave 3, aligning with Fibonacci projections for a broader bullish continuation.
🧩 Technical Overview
• The metal has rebounded from the $47.00–$47.20 support zone, where multiple technical factors converge (Fib 0.236 retracement + previous swing low).
• A breakout from the short-term descending structure indicates renewed upward momentum.
• The next phase of the pattern targets higher Fibonacci extensions, confirming the start of a new impulsive leg.
📈 Bullish Scenario
• Stop-loss: below $47.10, under the recent low.
• Upside targets:
– $50.25–$50.30 — short-term confirmation zone
– $51.30–$51.35 — next resistance / 1.0 Fib projection
– $53.00–$53.10 — mid-term target (1.618 Fib)
– $56.20–$56.30 — extended objective (1.2 Fib expansion of the broader structure)
• A close above $49.00–$49.20 would confirm bullish continuation toward the $51–$53 range.
⚙️ Market Context
• Silver continues to mirror broader metal sector strength, supported by a moderate USD retracement and rising commodity momentum.
• Technical structure supports the idea of a completed corrective wave C, now transitioning into a new growth cycle.
• Volume and momentum indicators show early divergence signals consistent with a bullish reversal base.
🧭 Summary
Silver is showing clear signs of trend reversal and wave continuation.
• While price remains above $47.10, bias stays bullish, targeting $50.25 → $51.30 → $53.00 → $56.20.
• A breakout above $49.00 would validate the start of wave 3, whereas a drop below $47.00 would delay the scenario.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.