
K KARTHIK RAJA
June 10, 2025 at 07:10 AM
*SPECIAL REPORT : XAGUSD Bull Run Triggered – Don’t Miss the Wave to $42 - 10.06.2025 / IST 12.30 PM*
*Chart Name:* XAGUSD | Spot Silver
*Current Market Price:* $36.50
*Current Trend:* Strong bullish momentum with breakout from multi-year resistance zone, signaling trend continuation.
*Chart Outlook & Prediction:*
* Silver has broken out of its decade-long consolidation zone above $35. Momentum, volume, and RSI support the uptrend. Sustaining above $33.90 could trigger an extended rally toward $42.40 and $47.20. This bullish setup is aligned with long-term macroeconomic tailwinds favoring precious metals as inflation hedges.
*Upcoming Events:*
* Positive: Potential Fed rate cuts, geopolitical instability, USD weakening
* Negative: Surprise strong USD or disinflation trends
*Support & Resistance Levels:*
* Major Support: $33.90 / $31.80
* Resistance: $38.50 / $42.40 / $47.20
*Trend, Volume & DowTheory Analysis:*
* Trend: Confirmed Uptrend - higher highs, higher lows
* Volume: Above-average with bullish confirmation
* Dow Theory: long-term breakout from base