XAGUSD vs XAUUSD – Is Silver More Bullish Than Gold? - 06-Dec-2025

 

Elliott Wave Analysis & Key Levels

Based on the current market structure, Silver (XAGUSD) appears to be setting up for a stronger bullish reversal compared to Gold (XAUUSD) — primarily due to its deeper correction and completion of the Wave (v) structure.

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🔍 XAGUSD Chart Observation

Silver is currently in a falling channel and completing its Wave (iii) decline. The chart shows:

Elliott Wave Structure

• Wave (i) and (ii) completed earlier

• Current drop seems to be Wave (iii) final leg nearing exhaustion

• A corrective Wave (iv) bounce is possible towards:
  $72.21 → $74.21 → $75.21 – $76.07

• Final Wave (v) target zone highlighted between:
  $68.89 → $67.64 → $65.64

This zone is a high-probability trend reversal demand zone.

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📍 Key Levels to Watch

Bullish Above	Bearish Below
$72.21 / $74.21 breakout confirmation	$70.46 short-term breakout
Move above falling trendline = trend shift	Lose $68.89–$67.64 and fall to $65.64

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🧠 Why XAG May Pump Stronger Than XAU

Bullish factors supportive for Silver

• Silver has already corrected harder relative to Gold — greater upside room

• Currently oversold on RSI ~ 38, showing momentum divergence

• Commodity cycles typically show Silver outperforms Gold during expansion legs

• Gold near ATH but Silver still deeply undervalued historically

• Physical supply constraints & industrial demand (EV, solar, tech manufacturing)

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📈 Potential Move

If Wave (v) completes around $68.89–$67.64–$65.64,
a strong reversal move towards:

$74 → $76 → $82 → $88+

can occur in the next bullish cycle.

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Conclusion

Yes — XAG may be more bullish than XAU in the next leg.

Silver is setting up a strong bottoming zone, while Gold is already near high resistance levels. Once reversal begins, Silver historically rallies faster and further.

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⚠️ Risk Management

• Invalidation below $65.64

• Avoid chasing breakouts; safer to accumulate near demand or after trendline breakout

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💬 What do you think?

Comment “Silver Rally 🚀” if you expect Wave (v) reversal soon.

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📌 Disclaimer

Educational Elliott Wave analysis. Not financial advice.

https://in.tradingview.com/chart/XAUXAG/hv850mzM-XAUXAG-Is-Silver-Getting-Stronger-Against-Gold/