XAGUSD SELL Could this be a possible selling zone for Silver? The RSI is showing that the market has reached maximum buying area. The 4HR is also showing a reversal chart pattern at the current zone, we could possibly see selling pressure coming in. Let's see how this will play out Shortby WiLLProsperForexUpdated 151518
SILVER: Small Corrections And Then Shoots Up! TVC:SILVER Expecting small correction to our identified area, and a strong bounce from our region is expected. The trend is still extremely bullish however, as we said price is making a correction once it completed and at the rejection we can enter. **If you like the idea then please like,comment and follow us** Team Setupsfx_ Longby Setupsfx_8821
XAGUSD/SILVER SHORT/SELLHello * Ending diagonal in play * 5 waves complete * 15 min Order block 30.997 price level * MACD DIVERGENCE Entry: 32.250 Stop loss: 33.000 Take Profit: 30.900by PIPPINTRADERUpdated 2218
XAGUSD: Bullish Megaphone going for its top.Silver is almost overbought on its 1D technical outlook (RSI = 68.691, MACD = 1.067, ADX = 40.719) as it reversed last week's minor pull-back. Being supported on the 1D MA50, the current Bullish Megaphone pattern is aiming for its top. We are expecting a +33.66% rise (TP = 34.500), same as the first Bullish Wave. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope1114
Ascending Triangle on Silver/USDI'm not the first one seeing this, but in a few days we'll know: a. another buy opportunity under $31.00 b. $31/oz floor is setLongby antoniochipfernandez114
Silver Bump and Reversal?The "parabolic" Trend was broken yesterday. The longer term trend could coincide with 50% Fib retracement from the latest up move.by tsurutasani111
SILVER - Double topIf gold is in a decline mode silver is dropping too... Silver started to print its double top a bit later than gold but it's heading to the neckline at 30.058$. We might backtest the breakout again at 26$ in a few weeks. And also notice on the XAUXAG chart silver printed a daily swing yesterday : It might want to backtest the triangle~s lower trendline. If the XAUXAG chart moving up the silver decline will be much more severe. Prepare for the double top to break down soon ! Shortby chartwatchersUpdated 1111
DOUBLE TOPA double top confirmed by the bearish divergence on the 4h RSI. looks like silver is about to get crushed again for a few weeks.by SforShiraz112
The first idea: Silver is a Flat expanded corrective patternDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas Longby mehdi47abbasi7913
XAGUSD continues to give excellent set-ups to trade.Silver (XAGUSD) couldn't have gone better on our last signal we gave (April 17, see chart below) as it did give us the pull-back inside Resistance Zone 1 that we wanted in order to buy and immediately rallied to the top of the Channel Up to hit our 32.00 Target: Since the break-out, the metal entered a more aggressive Diverging Channel Up (blue), which after a Higher High, it pulls back to the 0.618 Fibonacci retracement level and then rallies to the -0.5 Fib. As a result, we will wait until the price approached the 1D MA50 (blue trend-line) again as it did on May 02 and then buy, targeting 35.000 (just below the -0.5 Fib and at the Top of the Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot12
Silver vs Spx QuarterlyYou see, the #Silver bull era only starts once it breaks out versus #Spx. That moment is close, but has not happened yet. Still very early, not sure most understand this.by Badcharts7
The second idea: Silver is a Zigzag correction patternDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas Longby mehdi47abbasi798
Unveiling the Path: Silver's Journey to $32.7Hello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters200013
Strifor || SILVER-28/05/2024Preferred direction: SELL Comment: Not long ago, we considered silver for short-term buy-deal and this trade has already been closed today, or at least transferred to breakeven, and most of the profit has been fixed. In the shorter term, the metals are likely to expect a pullback, a downward correction. Against this background, we will consider two scenarios, which can be seen on the chart. It should be noted that both scenarios are rather considered by us equally, although scenario №1 is designated as a priority. The target for the fall is considered to be at support 29.77800. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 117
Fake out of all FAKE OUTS???This could be the mother of all fake outs!...hard to say right now, but I am quite leery of more upside until we get a decent retrace...my sentiment...DEFENSIVE!Shortby ConservativeOne15
Heading into 38.2% Fibonacci resistance?XAG/USD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 30.967 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 31.788 Why we like it: There is an overlap resistance level which lines up with the 78.6% Fibonacci retracement. Take profit: 29.797 Why we like it: There is a pullback support level which lines up with the 100% Fibonacci projection. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group. Shortby VantageMarkets7
Possibly Ascending ChannelI see silver moving according to this scenario. I will only sell some of my silver when hit 50-60 dollars. I believe once we hit those levels price will go down and then sideways for sometime (1-2.5 years) and ill be buying more around 40 dollars.Educationby Se7enSkies6
SILVER XAG $24 | Range for entry $18 | $40 Oil has a 20 year cycle that resets from $5 to $120 per barrel this Rock has less than 20 .. 10year of winding down and 3 years of unstoppable pump by senyorUpdated 4426
SLV - CALLS!Silver has surged 33% this year, driven by its critical role in modern technologies and as a hedge against currency devaluation. Alan Hibbard, a noted analyst, recently discussed the factors behind silver's rise on Schwab TV, highlighting robust demand from both retail and institutional investors. Analysts expects silver to outperform gold in the short term, potentially reaching $50 an ounce. Central banks, particularly China, have been increasing their gold reserves, while copper has also reached record highs due to demand in green technologies. These dynamics underline silver's growing appeal in a turbulent economic landscape. Personally bought $35 Strike 9/20 exp. Buying if we go back and retest res as sup. Multi 100% gainer!Longby Smart_Money_CpyderUpdated 4
XAGUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 8
Double top for Silver, possible reversalDouble top can be an extremely bearish pattern, now we wait for the price of XAG/USD to drop below the support level (neckline) indicated on the chart in order to target the price around $28. Shortby Samo_Danilo4
✅SILVER TIME TO SELL|SHORT🔥 ✅SILVER will soon retest a key resistance level around 32.50$ So I think that the price will make a pullback And go down to retest the demand level below at 31.60$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx115
XAGUSD : a cup and handle on the logarithmic monthly chart. The logarithmic chart of XAGUSD with three-month candles highlights a classic "Cup and Handle" formation, which is typically a bullish continuation pattern, indicating a strong likelihood of long-term price appreciation. The cup formation is evident with a rounded base that began in the 1980s, peaking in 2011 near $50. The subsequent correction has formed the rounded part of the cup leading up to the present. The market currently appears to be forming the handle, characterized by a lateral consolidation or slight downward movement before a potential bullish breakout. Support and Resistance Levels - Key Support: Immediate support levels are around $26.75,28$ and $30.47. - Key Resistance: Major resistance levels to watch are around $34, $35.43, $40.28, $44.29 and $47.60. Price Projections Based on the "Cup and Handle" pattern and technical analysis: - Short-Term Projection (1-2 years): After breaking out from the handle, silver could test resistance levels around $40-$45. - Medium-Term Projection (2-5 years): Continued bullish momentum could drive prices towards $60-$70. - Long-Term Projection (5-10 years): Given the historical pattern and fundamental support, silver could potentially reach $150-$300 per ounce, aligning with the upper trajectory shown on the chart. Fundamental Analysis Global Economic Conditions: - Economic Growth and Recession Risks: Silver demand as a safe-haven asset increases during economic instability or recession. Current projections indicate growth for Central Europe, but Western Europe, especially Germany, faces industrial production declines and persistent economic challenges. The global economic outlook remains uncertain, with sub-trend growth in many advanced economies due to restrictive monetary policies aimed at controlling inflation. - Inflation and Monetary Policy: High inflation is a critical factor affecting silver prices. Central banks, including the U.S. Federal Reserve, maintain restrictive monetary policies to combat inflation, influencing commodity prices like silver. As inflation moderates, potential interest rate cuts could positively impact silver prices. Geopolitical Factors: - Geopolitical Tensions: Silver prices respond to geopolitical events, increasing market uncertainty and demand for safe-haven assets. In 2024, potential conflicts and heightened tensions between major economies such as the U.S. and China, and ongoing conflicts in Europe and the Middle East are significant factors. - Trade Wars and Tariffs: Trade tensions and tariffs disrupt global economic stability, influencing silver prices. Significant developments in U.S.-China trade relations or other major economic policies can shift investor sentiment towards commodities like silver. Growing Demand for Silver - Industrial Demand: - Photovoltaic Cells: Silver is a key component in photovoltaic (PV) cells used in solar panels. The demand for silver in this sector has been growing significantly. In 2021, the solar industry consumed approximately 105 million ounces of silver. With the increasing focus on renewable energy, this demand is projected to grow by 8% annually, potentially reaching 140 million ounces by 2030. - Electronics and Automotive Industries: Silver is extensively used in electronics due to its superior conductivity. The automotive industry, particularly with the rise of electric vehicles (EVs), has also increased its silver consumption. The EV market alone is expected to consume around 55 million ounces of silver annually by 2030, up from approximately 45 million ounces in 2020. - Medical Applications: Silver’s antibacterial properties make it valuable in medical applications. The medical sector's demand for silver is projected to grow by 6% annually, driven by increased use in medical devices and coatings. Energy Markets - Correlation with Oil Prices: The correlation between the U.S. dollar and oil prices is notable. As the U.S. becomes a net energy exporter, shifts in oil prices due to geopolitical and policy changes impact broader commodity markets, including silver. Higher energy prices can increase production costs for silver mining, potentially reducing supply and driving prices up. Conclusion The formation of a "Cup and Handle" on the XAGUSD chart indicates significant long-term bullish potential. Supported by robust fundamental factors such as economic uncertainty, persistent inflation, geopolitical tensions, and growing industrial demand, silver could see substantial price appreciation in the coming years. For detailed analysis and regular updates, continue following my posts on TradingView.Longby Neutrinogold4