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XAGUSDDailyBearish

Silver daily (SMC): sell the 54.75–56.00 zone

FXFibo editorial · · 1 min read
Summary

The daily structure in Silver is bearish: a bearish break of structure (BOS) at 55.398, with price now around 53.29. The 54.75–56.00 area is the main sell zone.

BiasBearishEntry zone55.20Stop loss57.20Target 151.20Target 248.62StatusActive
Invalidation: Daily close above 56.94
Silver daily (SMC): sell the 54.75–56.00 zone

Main scenario

  • Entry zone: 54.75–56.00 (around 55.20)
  • Stop: 57.20
  • Targets: 51.20 and 48.62
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A daily close above 56.94 invalidates the main scenario and opens the way to 58.61.

Key levels

  • Resistance: 54.75, 56.94, 58.61
  • Support: 52.38, 51.19, 48.62

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.