$XAG — Silver Trade Setup
Price is taking a breather after a strong upward move, with buyers still defending key levels, though short-term momentum has cooled.
Trade Idea: Long $XAG
Entry: 103.20 – 103.60
Stop-Loss: 102.20
Targets: 104.50 → 105.80 → 107.20
Analysis:
$XAG surged from the 100 zone with buyers firmly in control. After hitting the high, price has moved into a tight consolidation, signaling absorption rather than selling pressure. Momentum has paused, but sellers haven’t managed to push price back below the value area.
The structure remains bullish as long as higher lows hold above mid-range support. Holding above 102.20 keeps the door open for continuation toward the recent range highs.
Bottom line: Watch for support at 102.20 — continuation toward 104.50+ looks favorable.
Trade here👇
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