Silver – Breaking Higher, But Harmonic Patterns Signal Caution

XAGUSD

Silver has broken above the $32.62 resistance, confirming bullish momentum and clearing the way for continued upside. However, traders should be aware of key harmonic resistance zones now coming into view.

A bearish alt-bat pattern is projected around $33.44, while a bearish crab pattern emerges near $34.22, aligning with the 161.8% Fibonacci extension zone. Both levels mark potential exhaustion points where price could face meaningful resistance and possibly reverse.

🧭 Key Zones to Monitor:

• Broken Resistance: $32.62
  

• Bearish Alt-Bat PRZ (113% Fib Ext.): $33.44
  

• Bearish Crab PRZ (161.8% Fib Ext.): $34.22
  

📌 Upside is active, but heavy harmonic resistance ahead. Watch for reaction at $33.44 and $34.22.

Happy Trading,
André Cardoso