Silver (XAGUSD) Rallies 29% Following April Blue Box Buy Zone
Hello traders and welcome to another blue box post where we discuss trade setups. In this post, the spotlight will be on Silver amid the recent big break to the upside that might have taken many by surprise.
Silver surprised many market participants when it breached its 2024 highs. The commodity has been one of the strongest movers since April. While many traders were caught off guard, we weren’t. In fact, we anticipated this move weeks in advance and bought from our proprietary Blue Box zone.
In September 2022, Silver completed the bearish cycle that began in February 2021. This marked the start of a new bullish cycle. After more than 13 months of choppy price action, Silver broke out to the upside in April 2024 and hasn’t looked back since. Once it breached the previous high from February 2021, we confirmed a bullish sequence. From there, we looked to buy 3-, 7-, and 11-swing pullbacks from our proprietary Blue Box zones.
Although we had a clear trading plan, we needed to wait for the market to pull back into our Blue Box area to attract buyers. The first opportunity came in August 2024, when the 7-swing pullback from the May 2024 high ended. Our members bought, and prices rallied over 28% in the following three months, hitting our profit targets.
But that wasn’t the end of the story.
In October 2024, another pullback began on the daily chart. The first leg ended in December 2024, and the second leg concluded in March 2025. However, the third leg was a sharp and aggressive drop—almost a fiery run to the downside. This move shook many traders and investors out of the market. Panic selling ensued.
We, however, remained calm and stuck with our plan. We saw another opportunity to buy the commodity. The fast drop that scared many away gave us a new Blue Box zone, which we shared with ElliottWave-Forecast members, as the chart below shows.
On 5th April, 2025, we shared the daily chart below with members. The chart shows the blue box zone where we recommended members to buy Silver with stop slightly below the box. In addition, we discussed the setup in the live sessions and technical videos.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
