Saad Ullah
As market participants weigh broader macroeconomic signals and metal demand trends, silver (XAG/USD) appears to be forming a technically sound bullish pattern. Traders are closely watching price action near the $36.85 level, where a breakout could trigger upside momentum. A recent tweet highlights a strategic 4H setup with a clearly defined range and bullish outlook.
Solid 4H Reaction Pushes Silver Toward Resistance
Silver is showing signs of strength after reclaiming the $36.85 level, as illustrated in the 4-hour chart shared by @George1Trader. The metal has moved confidently off support and is now approaching key resistance at $37.497. The trade setup features a favorable risk-to-reward profile, with stop-loss levels positioned just below $35.28.
“Solid reaction so far, in nice profit,” the trader noted in his post. With momentum holding, many eyes are now on whether silver can close above $37.00 and extend the move further. A breakout above this resistance would align with bullish continuation expectations.
Risk-Reward Setup Aligns With Technical Structure
The technical pattern supports the idea of a controlled breakout. The recent pullback was met with strong buying, pushing prices back toward the top of the trading range. Volume remains healthy, and silver's structure indicates strong underlying demand.
The price currently sits at $36.6850, down just 0.42% on the session. However, the trend remains intact, and short-term consolidation above $36.50 keeps bullish hopes alive.
Conclusion
With silver trading within a well-defined technical range and approaching a breakout point, the next few sessions could be critical for direction. Traders are leaning bullish, eyeing a move to $37.50 or higher, assuming key support zones hold. As always, execution and timing will be key — but the setup is one to watch.
Saad Ullah
