XAGUSD (Silver) Weekly - Potential High-Probability Reversal

On the weekly chart for XAGUSD (Silver), there are signs of a potential reversal setup contingent on this week’s candle close. Price recently tapped into a high-probability Fair Value Gap (FVG) that had previously broken structure, displacing price higher. A swing low was established above a key high, and this low has since been swept, indicating possible liquidity capture. Price is now interacting with the FVG while taking out this swing low, hinting at a possible reversal.

If this week’s candle closes above the FVG and the recent low, we could anticipate a strong push to the upside in the coming weeks, with an initial target around 34.88981, aligning with the next area of buy-side liquidity.

Always remember: DYOR (Do Your Own Research).