Silver (XAG/USD) Tests $80 Ahead of NFP
Silver is the only precious metal trading higher in today’s session, leaving traders with a sense of urgency: Is it time to enter at a discount, or is it better to stay away?
With tricky times ahead, it is essential to step back and develop a game plan to avoid traps.
The metals run was gigantic, spanning from mid-2024 to February, and it could still be early to call its end, with Gold back above $5,000.
The craziest part, however, is realizing that Silver was just around $32 a year ago, quite a change in value when we see $30 moves in just one volatile session these days.
Silver is the only precious metal trading higher in today’s session, leaving traders with a sense of urgency: Is it time to enter at a discount, or is it better to stay away?
With tricky times ahead, it is essential to step back and develop a game plan to avoid traps.
The metals run was gigantic, spanning from mid-2024 to February, and it could still be early to call its end, with Gold back above $5,000.
The craziest part, however, is realizing that Silver was just around $32 a year ago, quite a change in value when we see $30 moves in just one volatile session these days.
Cryptonians
Silver (XAG/USD) Tests $80 Ahead of NFP Silver is the only precious metal trading higher in today’s session, leaving traders with a sense of urgency: Is it time to enter at a discount, or is it better to stay away? With tricky times ahead, it is essential…
Levels to watch for Silver (XAG) trading:
Resistance Levels:
2025 Record Major Pivot $80 to $84 (immediate rejection)
Session Highs $84
Higher Timeframe Major Resistance $90 to $95
Feb 4 highs $92.20
Support Levels:
Major 2026 Support $70 to $72
December FOMC Minor Support $60 to $64 (Feb Lows)
$50 to $54 Major Support
October FOMC bottom $46.00 to $47.00
$45.55 October 28 lows
Resistance Levels:
2025 Record Major Pivot $80 to $84 (immediate rejection)
Session Highs $84
Higher Timeframe Major Resistance $90 to $95
Feb 4 highs $92.20
Support Levels:
Major 2026 Support $70 to $72
December FOMC Minor Support $60 to $64 (Feb Lows)
$50 to $54 Major Support
October FOMC bottom $46.00 to $47.00
$45.55 October 28 lows
Gold Analysis:
Bearish below 5095–5100 resistance zone.
🔻 Short Setup
Sell zone: 5075 – 5095
Stop-loss: Above 5110
Targets:
5030 (first support)
5000 (key pivot)
4965 (extended downside)
📊 Technical Reasoning
Price struggling near supply area; upside momentum slowing.
Rejection near resistance suggests liquidity grab before pullback.
Losing 5000 can accelerate selling pressure.
Bearish below 5095–5100 resistance zone.
🔻 Short Setup
Sell zone: 5075 – 5095
Stop-loss: Above 5110
Targets:
5030 (first support)
5000 (key pivot)
4965 (extended downside)
📊 Technical Reasoning
Price struggling near supply area; upside momentum slowing.
Rejection near resistance suggests liquidity grab before pullback.
Losing 5000 can accelerate selling pressure.
🚨 USD DATA TODAY — 19:00 IST
Initial Jobless Claims 📊
Forecast: 222K
Previous: 231K
What To Watch 👇
🟢 Claims below 222K
→ USD Strength
→ Gold Pressure
→ EURUSD / GBPUSD Down
🔵 Near Forecast
→ Volatile & Choppy
🔴 Claims above 231K
→ USD Weak
→ Gold Up
→ Majors Bounce
⚠️ First move can be misleading — wait for confirmation.
Initial Jobless Claims 📊
Forecast: 222K
Previous: 231K
What To Watch 👇
🟢 Claims below 222K
→ USD Strength
→ Gold Pressure
→ EURUSD / GBPUSD Down
🔵 Near Forecast
→ Volatile & Choppy
🔴 Claims above 231K
→ USD Weak
→ Gold Up
→ Majors Bounce
⚠️ First move can be misleading — wait for confirmation.
🚨 US Wraps Up Worst Non-Recession Year for Hiring Since 2003
The US labor market is coming off one of its worst years for hiring in decades.
Revisions to employment figures showed the nation added 181,000 jobs in 2025, the lowest annual total outside of recession years since 2003. That averaged out to just 15,000 job gains per month, down from an initially reported 49,000 pace, according to Bureau of Labor Statistics data out Wednesday.
The US labor market is coming off one of its worst years for hiring in decades.
Revisions to employment figures showed the nation added 181,000 jobs in 2025, the lowest annual total outside of recession years since 2003. That averaged out to just 15,000 job gains per month, down from an initially reported 49,000 pace, according to Bureau of Labor Statistics data out Wednesday.
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US President Trump said, “We have to make a deal with Iran.”