Silver (XAGUSD) – Buy the Dip Toward Bespoke Support

Trade Idea

• Type: Buy Limit
  
• Entry: 3590
  
• Target: 3721
  
• Stop Loss: 3544
  

Duration: Intraday
Expires: 11/06/2025 06:00

Technical Overview

• Despite signs of a short-term top forming, the overall bias has turned positive, suggesting any downside may be corrective.
  
• Price is expected to pull back into bespoke support at 3590, providing a low-risk opportunity to rejoin the broader bullish move.
  
• The setup aligns with a buy-the-dip strategy, targeting a retest of resistance at 3721.
  
• Additional confirmation would come from a hold above 3630, reinforcing the short-term bullish outlook.
  

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.