Silver (XAG/USD) H1 Channel Breakout

The XAG/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.

Key Points:

Buy Entry: Consider entering a Long position around the current price of 29.45, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 30.35
2nd Support – 30.83

Stop-Loss: To manage risk, place a stop-loss order below 28.50. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Thank you.

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