Silver (XAG/USD) Technical Analysis – March 13, 2025 (15-Min Cha

1. Trend Identification
Short-Term Uptrend Developing:
The price is trading above the 200-period moving average (blue line), indicating bullish momentum.
The Point of Control (POC) at 33.017 suggests a key liquidity zone where buyers have been active.
Key Resistance Levels in Focus:
The price is currently struggling near 33.043, with the next resistance at 33.259 (higher POC level).
A break above 33.259 could trigger a further rally.
2. Key Support & Resistance Levels
Immediate Support: 33.000 - 33.017 (POC, psychological level).
Immediate Resistance: 33.259 (higher POC, recent high).
Upside Target: 33.500 - 33.600 (upper channel projection).
Downside Risk: 32.900 - 32.800 (lower channel support).
3. Volume Analysis
Last 120 Bars: Up Vol > Down Vol by +26.82%, indicating strong buyer dominance.
Last 60 Bars: Up Vol > Down Vol by +41.46%, further confirming short-term bullish strength.
Interpretation:
Buyers are clearly in control, but the resistance at 33.259 needs to be breached for a strong continuation.
If price pulls back to 33.017 and finds support, it may provide a better entry point.
4. Chart Patterns & Projections
Bullish Continuation Scenario:
If price breaks above 33.259, it is likely to rally toward 33.500 - 33.600 (upper trend channel).
Bearish Pullback Scenario:
A failure to break 33.259 could lead to a retracement toward 32.900 - 32.800.
Trade Setups & Risk Management
1. Long Trade Setup (Bullish Scenario)
Entry: Buy above 33.259 (breakout confirmation) or on a pullback to 33.017 (strong support).
Stop-Loss: Below 32.900 (recent low & lower channel boundary).
Targets:
First Target: 33.400
Final Target: 33.600 (upper channel resistance).
Risk-Reward Ratio: 1:3 or better.
2. Short Trade Setup (Bearish Pullback Scenario)
Entry: Sell below 33.000 (breakdown confirmation).
Stop-Loss: Above 33.100 (recent consolidation zone).
Targets:
First Target: 32.900
Final Target: 32.800 (lower channel support).
Risk-Reward Ratio: 1:2 or better.