SILVER Price Forecast – Bullish Breakout Setup Next move 35,000?
SILVER (XAG/USD) has broken out of its long-term descending structure and is now trading above a key resistance zone near 33.200 This breakout follows a well-defined range and accumulation pattern signaling a potential continuation to the upsideKey levels
Support zone: 32.900 – 33.200
(previous resistance now acting as support)
Target: 35.000
The breakout is backed by a bullish momentum shift and a healthy retest of the 33.22 level could provide a clean entry for long positions. As long as price holds above the support zone the outlook remains bullish.
Trade active
Trade closed: target reached
taken
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.