Silver Catching Up to Gold — XAG/USD Long Setup
XAG/USDLongSwing2w ago277 views
Trade Setup
Entry Price
28.2000
Stop Loss
27.4000
Take Profit
30.0000
Risk : Reward
1 : 2.25
RiskReward
The gold/silver ratio is at extreme levels, suggesting silver is significantly undervalued relative to gold.
Setup
Silver has broken above the $28 level and is targeting the $30 psychological barrier. The industrial demand story (solar panels, EVs) adds to the investment thesis.
Levels
- Support: $27.50 (previous resistance turned support)
- Resistance: $30.00 (psychological), $32.50 (2024 high)
- Entry zone: $28.00-28.50 on pullback
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