Silver price (XAGUSD) faces strong resistance near $49. Neal Bhai Reports warns a “Red Alert for Buyers.” Check latest silver analysis with buy/sell targets, stop loss, and key support levels for traders.
🔥 Red Alert for Buyers – Silver Looks Overbought!
Silver prices have shown a sharp rally, reaching near the $49–$50 zone — a strong resistance area. According to the chart, buyers should stay cautious now as the metal looks overextended. A short-term correction may hit the market soon.
The technical setup suggests that profit booking could start around current levels, pushing silver towards $44 or even $42 in the coming sessions.
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📊 NEAL BHAI REPORTS – SILVER (XAGUSD) 1D CHART ANALYSIS
📈 XAGUSD Technical View:
| Parameter | Level / View | Remarks |
|---|---|---|
| Current Price | $48.61 | (as of Oct 6, 2025) |
| Resistance Zone | $49.50 – $50.00 | Red Alert for Buyers 🚨 |
| Immediate Support | $43.77 | First Target Zone |
| Major Support | $42.00 – $38.50 | Next Downside Levels |
| Trend | Bullish but Overbought | Possible Pullback |
| RSI / Momentum | Overheated | Time for Caution |
💰 Trade Setup Suggestion
| Type | Entry Zone | Stop Loss | Target 1 | Target 2 | Remarks |
|---|---|---|---|---|---|
| Sell (Short) | $48.50 – $49.50 | $50.50 | $44.00 | $42.00 | Correction Expected |
| Buy (Fresh Long) | $42.00 – $43.00 | $40.50 | $46.00 | $48.00 | Only after strong reversal signals |
🧠 Neal Bhai’s View:
“Silver is shining bright but flashing a red alert for short-term buyers. Booking profit near $49–$50 is a smart move. Wait for a healthy dip around $42–$43 before re-entering the market.”
⚙️ Key Takeaways:
- Overbought zone → Time to stay alert.
- $49–$50 is the critical resistance.
- A pullback toward $43–$42 is likely.
- Fresh buying can be considered near $42 levels with strict stop loss.