📈 XAGUSD (Silver) – 3H Chart Analysis | Elliott Wave Outlook

Silver continues to show strong upside momentum after forming a potential Wave 4 bottom near $45.55–$47.90 zone. The structure appears to be progressing into Wave (3) of 5, and price is currently approaching a major breakout level.

---

🔍 Key Levels to Watch

Immediate Resistance:

• $54.50 – Major breakout zone (High)

• A sustained close above $54.50–$56.55 could trigger a strong bullish continuation.

Upside Targets (Wave 5 / Wave (3) Projection):

• TP1: $56.55

• TP2: $61.34 (Wave 5 Target Box)

• TP3: $65.30 – $67.50

• Extreme Target (alt count): $70.77+

Support Levels:

• $53.34

• $52.00

• $51.30

• Major invalidation: $45.55

---

✨ Elliott Wave Structure

• Wave 4 appears completed near $45.55 – $47.91

• Wave (3) extension is now underway

• A breakout above $54.50 confirms further acceleration into the $56.55 → $61.34 area

• If rejected at resistance, pullback into $52–$53.34 is healthy and bullish continuation likely

---

📌 Trading Plan

Bullish Bias as long as $52.00 support holds

• Buy on dips: $52.00 – $53.34

• SL: Below $51.30

• Targets: $56.55 / $61.34 / $65.30+

Bearish invalidation: A breakdown below $45.55 will negate the bullish wave count and open deeper downside.

---

📊 Summary

Silver is approaching a decisive breakout point. As long as support levels hold, upside continuation toward $61–$65+ remains highly probable under Elliott Wave structure. Watch $54.50–$56.55 for strong breakout confirmation.

---

📘 Disclaimer

This is for educational and charting purposes only, not investment advice. Manage risk and follow your trading plan.