SILVER (XAGUSD) – 3H

 

Bullish Structure | Trend Continuation Setup

Silver continues to trade within a well-defined rising channel, maintaining higher highs and higher lows. Price action remains orderly, confirming trend strength, though momentum is now approaching an extension zone.

Clarification: current behaviour suggests consolidation / shallow correction, not a reversal.

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Market Structure Snapshot

• Primary trend: Bullish

• Channel: Respected

• Momentum: Extended but controlled

• No breakdown signals on structure

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Key Levels to Monitor

Resistance

• 120.55 → Immediate resistance / supply zone

• 130 – 132 → Extension target zone (only if trend accelerates)

Supports

• 117.70 – 118.00 → Immediate structure support

• 114.80 – 115.20 → Healthy corrective zone

• 112.00 → Deeper support, structure still valid

• 102.50 → Major trend support

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Trend Continuation vs Risk

Trend Continuation

• Sustained hold above 117.7

• Break and acceptance above 120.55
  → Opens room toward 130+ extension zone

Corrective Scenario

• Loss of 117.7 → pullback toward 115

• Structure weakens only below 112

• Major trend invalidation below 102.5

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Forward Outlook

• Short-term: Consolidation / minor pullback likely

• Medium-term: Bullish continuation favored

• Structure bias remains positive above 112

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Disclaimer

This analysis is for educational and informational purposes only and does not constitute financial or investment advice. Markets involve risk, and readers should conduct their own analysis before making decisions.

https://www.tradingview.com/chart/XAGUSD/yy76l7SZ-SILVER-XAGUSD-3H-Structure-Update/