Hello traders. As our members know, we have had many profitable trading setups recently. In this technical article, we are going to talk about another Elliott Wave trading setup we got in Silver (XAGUSD). The commodity has completed its correction exactly at the Equal Legs zone, also known as the Blue Box Area. In this article, we’ll break down the Elliott Wave Forecast , explain the trading setup and present the target area.
SILVER XAGUSD Elliott Wave 4 Hour Chart 07.30.2025
The pullback has the form of an Elliott Wave Zig Zag pattern. We are counting a 5-3-5 sequence from the peak, and the equal legs have not been reached yet. Silver is expected to make another low toward the extreme zone at 36.648–35.627 (buying area). We expect buyers to appear there for another push higher or at least a 3-wave bounce. Once the price reaches the 50% Fibonacci retracement against the red B connector, we will make the position risk-free by moving the stop loss to breakeven and booking partial profits.
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SILVER XAGUSD Elliott Wave 4 Hour Chart 06.12.2025
Silver found buyers as expected at the Blue Box area, making decent bounce. The price has reached and exceeded 50 fibs from the B red connector. Consequently, any long positions from the Blue Box should now be risk-free. We’ve set our stop loss at breakeven and have already secured partial profits. While above the last low 36.226 we count (4) blue correction completed. Wave (5 ) can be in progress toward new highs, targeting 40.29+ area.
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