Silver (XAG/USD)
Silver (XAG/USD) — Triangle Compression Nearing Apex
Price is coiling inside a well-defined symmetrical triangle on the 4H chart. A liquidity sweep into the 55.80–56.00 zone (just under triangle support) would complete the setup for the next expansion leg.
Key levels:
- Sweep/entry interest: 55.80–56.00
- First target: 58.70–59.00 (triangle resistance)
- Major target: 63.30–64.63 (prior structure high)
- Invalidation: below 54.49–54.80
If 63.30–64.63 is rejected with a double-top structure, downside continuation toward 50.25 becomes the next zone of interest.
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