Silver Steps Into A New Corrective Phase
Apr 4, 2025

XAGUSD

Silver is sharply down, so there’s a chance that the price is now moving into a deeper retracement considering broken 4h channel support. With the current impulsive sell-off, it can be in first leg A of a deeper ABC drop within wave D as part of a bullish A-B-C-D-E triangle, so watch out for a decline down to 30-29 support zone, just be aware of short-term pullbacks.

Silver Steps Into A New Corrective Phase XAGUSD 4H Chart
XAGUSD 4H Chart

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