Silver Trade Setup – 23rd Oct

Silver (XAGUSD) enters the week at the cusp of a major inflection, testing the psychological $50 handle after a sustained advance alongside gold and resilient industrial demand. Our A+ (3/3) Silver Trade Setup is reserved for moments when fundamentals, technicals, and positioning align with unusual clarity. Today is Thursday, 23 October 2025 (UK), and the backdrop checks those boxes: a structurally tight physical market, supportive cross-asset risk signals, and a clean continuation pattern built through multi-session consolidation just beneath $50. In this regime, our strategy prioritizes two complementary tactics, a disciplined pullback entry and a momentum confirmation on a decisive $50+ break, to capture trend resumption while keeping risk tightly defined. Readers will find our precise levels, invalidation, and targets in the trade plan below, designed for robust risk-adjusted execution rather than headline chasing. Silver Trade Setup: Pair / Asset Bias & Entries Stop / Invalidation Targets Why A+ (fundamentals, technicals, sentiment/positioning) Near-term catalysts (UK time) SILVER (XAGUSD) – 49.241 LONG (breakout + buy-the-dip) Breakout on >50.20 (reclaims psych 50 and opens the tape);  Pullback buy 48.60 – 48.80. Tight: 47.80; Hard: 47.20 (below last pullback base). 50.90 – 51.20 (recent record area) – 52.50. Fundamentals: Tight physical market; spot premium vs COMEX recently encouraged metal to move back to London – signals scarcity/tightness. (Reuters) Industrial bid (EV/solar) has underpinned 2025’s outsized run.  Technicals: Consolidation under 50 after record highs earlier in Oct; clean continuation structure above 50. Beta to gold remains supportive while gold’s regime stays bullish. Sentiment / Positioning: Managed-money net length positive but not blow-off – scope for additional length; likely stop pockets above 50.00 and below 48.50.  Same macro slate as gold (above). Silver is highly sensitive to US PMIs (Fri 14:45) for industrial demand read-through. Chart by TradingView – Silver Trade Setup – 23rd Oct Conclusion: Our Silver setup qualifies as A+ because it marries a compelling macro backdrop with a high-quality technical structure and identifiable stop zones where dealers and CTAs are likely clustered. Should prices reclaim and hold above $50, we expect follow-through toward our staged targets, with risk managed beneath the most recent pullback base. If momentum falters and invalidation is triggered, the plan explicitly curtails downside and preserves capital, no hesitation, no averaging. As always, we’ll monitor near-term catalysts (notably U.S. growth/PMI prints and broad risk sentiment) that can accelerate or dampen the move and will update levels in real time. We’ll trade the plan, respect the stops, and let the market confirm the edge. For similar Forex Trade Signals please visit our commodities trade ideas page. Please visit our Disclaimer page. Disclaimer Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. TerraBullMarkets.com does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets or any financial instrument involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of TerraBullMarkets.com nor any of its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. TerraBullMarkets.com and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. TerraBullMarkets.com and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and TerraBullMarkets.com are not registered investment advisors and nothing in this article is intended to be investment advice. TerraBullMarkets...