Smart Money May Trigger Liquidity Grab Before Correction on Silver
📌 Analysis:
The daily chart of silver (XAG/USD) reveals a clear smart money structure:
- Several Breaks of Structure (BOS) confirm ongoing bullish momentum.
- A recent Change of Character (CHoCH) near the top signals potential exhaustion or distribution.
- Price is currently consolidating just below the Weak High zone at $39.00 – $39.50, a classic liquidity trap level.
- Key demand zones are clearly marked at $37.00, $35.50, and $33.00, where price may find support if a correction occurs.
🧠 This setup indicates smart money might first sweep liquidity above $39.00, then initiate a bearish move toward demand.
✅ Fastpip Signal (Planned Setup):
- Sell Limit: 39.00 – 39.50
- Stop Loss: 40.20
- Take Profit 1: 37.10
- Take Profit 2: 35.60
- Take Profit 3: 33.20