Yearly Silver chart adjusted for inflationChart for #Silver adjusted by #inflation made easy. Now poking its head above a yearly defined declining resistance line. Good start.by Badcharts4
What is next move?Silver is on support. Bullish trendline and bull flag is signs of continuation of bull trend. But, market is betting on 1 FED cut rate and its can move silver lower. Trade safe. Good luck.by rezamousavi229
xagusd sell stopsilver has been rejected from its strong weekly resistance level and now at its 4h support zone . if it holds this level then a possible bullish flag pattren seems to happen in the chart on 1d tf. but if it breaks this support level then it will goes down and its best to place a sell stop at its breakout zone. and out take profit target will be the next support zone below as marked in the chartShortby inambariUpdated 4
Is silver about to go BONKER!!??Good Day, Fellow traders and followers, IS SILVER ABOUT TO TO GO BONKERS?!?!?!? This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!! First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's actually the handle of the GIANT 40 YEAR cup and handle it has been in. The green lines are the support and resistance areas. Also I have added what seems to be a pattern of 50 bars bottom consolidation that does also happen to resemble a Wyckoff a pattern before a break out. Lets move on to the indicators RSI - I have drawn in a support band for the silver RSI. IT really likes the 46, 50 to 55 level before a break out. Going below here is either very bearish or the best buy in bull market. STOCHASTIC RSI - has had a massive cross recently on which chows momentum coming in to this market. RSI 3 LINES - WOW!! This looks like a serious power play for silver, ever since the RED line crossed down through the GREEN, it found support on the blue and turned right back up in big way!! Also it look like the BLUE could follow suit very soon which would confirm bullish movement for this asset as all the colors would be aligned. THE LAZY BEAR - This one is kind of a no brainer. Breaking out above and holding the 0 level usually leads to big moves higher!! ASO (SENTIMENT) - It looks like there is a 50 bar pattern here and within it could be another 12 bar pattern right before a break out. Please keep in mid every bar is monthly, so what might seem like a small pattern could be a year long. I want to add, I do believe there is a fairly substantial move coming to silver. I'm not sure where it would be going to0, however I do know that the last true resistance is at aprox $35 usd Getting above that on a monthly level could or should lead to NEW ALLTIME HIGHS in short order well above $50 usd to possibly $70 to $80 before a correction. Any Correction at that point would be considered a buying opportunity !! Please like and share this chart to all silver lovers! Also, any questions or comments are welcome down below!! Kind Regards, WeAreSat0shi Longby WeAreSat0shiUpdated 1113
SILVER XAGUSDOANDA:XAGUSD LOOKKKKK! break the symterical triangle at weekly,next years will be silver's year.Longby H-A_TUpdated 4
Market Crash - Silver Bear FlagSilver is struggling along with BTC and other inflation assets at the moment as DXY climbs. Silver recently had a huge squeeze and then immediate drop. I see this as quite bearish, but it hasn't moved much since. Currently forming a bear flag right above support which I expect to break. Shortby AdvancedPlays3
Buy OpportunityBuy Opportunity: The pair presents an enticing buy opportunity at the current price of 29.342, with favorable potential for profit. Targets: Primary Target: 30.444 Secondary Target: 31.535 Breakout Scenario: In the event of a breach above the Support level of 28.940, indicative of a bearish breakout, the target price is anticipated to ascend towards 28.000. Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed buy strategy, suggesting upward pressure on the Silver pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.Longby GODOCM3
Bullish flag Silver has been pretty bullish recently and it only makes sense to follow the trend after a correction. There's still one resistance level to get through before confirming the move up.Longby yann2zenUpdated 115
SILVER - Roadmap until the end of decadeA short-term top by the end of 2024 for a 1-2 year bear market in all assets. A final bull to new ATHs by the early 2030's putting an end to 100 year bull cycle leading to depression, which will last at least a decade. The End.by ponzialchemistUpdated 885
Silver Is A BuyReasons why we are bullish on Silver: Stabilization tendencies clearly visible First signs of an upward impulse Strong buying interest on the options side at USD 29, clear selling interest at USD 29.75 Overarching upward trend intactLongby OchlokratUpdated 2
Silver Short Idea for June Seasonal Outlook 🌦️ June has historically been a challenging month for silver. Seasonality analysis suggests that silver often experiences weakness during this period. Various factors, including market liquidity, investor behavior, and macroeconomic conditions, contribute to this trend. As we enter June, these seasonal patterns may play a significant role in influencing silver prices, potentially leading to a decline. Commitment of Traders (COT) Index 📊 The COT index, which measures the positioning of different market participants, offers valuable insights into market sentiment. Currently, the 6 month COT index score for silver is at a bearish 3.8%, while the 3-year rolling COT index score is even lower at 2.3%. These figures indicate that smart money—typically the more informed and larger traders—are significantly short on silver. This bearish sentiment from smart money contrasts sharply with the retail traders, who are predominantly long on silver. This divergence often suggests a potential reversal or pullback in prices as the smart money tends to be on the right side of the market over time. Technical Analysis 🔍 Despite the overall uptrend in silver prices, several key technical signals suggest a potential pullback is on the horizon: Break of Structure: A higher time frame break of structure has been observed, indicating a potential shift in market dynamics. Buy Side Liquidity Taken: Recent price action has taken out buy-side liquidity, potentially trapping retail traders who are long. Imbalance Left Behind: An imbalance left on the H4 chart adds to the expectation of a corrective move. Given these factors, a strategic short position could be advantageous. The proposed trading plan is as follows: Entry: Sell at $31.24 Stop Loss: Above the recent H4 high after the imbalance Take Profit: $26.80 This plan aims to capitalize on the expected pullback to a daily demand level before any new buyers step in. Conclusion 🧩 In summary, the seasonal weakness in June, coupled with bearish signals from the COT index and technical indicators, supports the case for a short position in silver. While the overall trend remains up, the confluence of these factors suggests a pullback is likely. Traders should consider the outlined strategy to navigate the anticipated market movements.Shortby Mike_SnDUpdated 3312
SILVER, bargain opportunity that's hard to resist.SILVER has trimmed it's price significantly to multi week lows. The overextended correction is a good opportunity for possible reversal prospect. KEY NOTES: Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision. Histogram higher lows. Daily Higher lows -- firm ascending support lines. TRI-MONTHLY higher lows - price + histogram conveying firm price valuation goal. Bubble up volume appeared twice this last 2 quarters -- current range of 22.00-23.00 acting as support space for XAG. Spotted at 22.3 TAYOR Safeguard capital always. Longby JSALUpdated 3324
SILVER The Target Is UP! BUY! My dear friends, My technical analysis for SILVER is below: The market is trading on 30.142 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 31.243 Recommended Stop Loss - 29.439 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK Longby AnabelSignals113
SILVER - where is today support? repeat or not??#SILVER.. perfectly holding his pattern so far as we discussed in our video analysis, watch kneely that pattern , its market 3rd time, it will again follow at 3rd time or not, what ever market done but you should have to keep close your channel area and upside our last day resistance, if market follow his pattern in that cast you can see again bounce from here, other wise not at all. good luck trade wiselyby AdilHussain731333Updated 3
next major move for silvah just started!Pivot should be in for silver...expect next major move up!Longby ConservativeOne12
POSSIBLE BUY OPPORTUNITY ON SILVERPrice currently trades at $29.169 I anticipate buyers to push the price higher from the current market price. Target is $29.597Longby Cartela2
XAGUSD downside target 28.0On the daily chart, XAGUSD has formed a top pattern. In the short term, the price is under pressure below the downward trend line, and the bearish trend is dominant. In the short term, pay attention to the opportunity to short near 29.4, and the downward target is 28.0.Shortby XTrendSpeed2
Silver H4 | Overlap support at 50% Fibonacci retracementSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 29.17 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 27.80 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 30.76 which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Long03:06by FXCM4
Potential Silver Price Targets Bull (Huge Cup and Handles)Interesting Cup and Handle formations formed over the decades. I'm confident we'll at least go back to previous all time highs, and possibly even higher. Current entry points before takeoff (June 8 2024): $28.50 $26.41 $25.51 $25.12 SL $24.19Longby Savwire11114
XAGUSD - Long?I don't think I will go into a lengthy explanation as to whats going on here. Check the chart and see price beautifully setting up for what looks like is a bullish run unless this low is broken. Longby BetterBusinessBullyUpdated 2
SILVER $400 - UNIQUE OPPORTUNITY📣 Hello everyone! Here is the global chart of XAG/USD and directly my long-term trading idea, time frame 1 month. Here is the story from 1802, but in fact this is not even a complete timeline. I believe we are “close” to completing the Elliott Global Five on the silver chart. The first primary impulse wave, in my opinion, ended in 1864, the second corrective primary wave ended in 1932. From 1932 to 1980, the most powerful third Elliott wave of the primary level was formed - in 48 years, silver increased in price by 170 times. Then from 1980 to 1991 there was a bear market in the correctional wave-4 of the primary level. Further, from 1991 to the present day, the global impulse wave 5 of the primary level of the cycle has been developing. Within the framework of my Elliott idea, we should expect that wave-5 of the primary level will be fully formed within 45-74 years, that is, from 2036 to 2065. Taking into account the dollar charts, US inflation, government bond yields and other important macroeconomic data, I am more inclined to believe that the cycle will end in 2036. Therefore, my goal is $400 per ounce of silver by 2036. This is an increase of approximately 18 times from the current price. This is great news for long-term investors. As for this relatively short-term outlook for Silver, in the first half of 2024 there is still a chance, within the bullish flag, to descend to the zone of 14-16 dollars per ounce. Either way, I believe that in the longer term, silver is already incredibly close to breaking through its twelve-year downtrend resistance. As soon as the bullish flag and, accordingly, trend resistance are broken upward, then after a long period of consolidation, vigorous growth will begin and silver will quickly return to the highs of 2011. Be prepared for this. ❌ It is also necessary to understand that according to my current wave marking, under no circumstances should the price fall below $7.28, this is the completion level of wave 1 of the secondary level. If this happens, then it will be necessary to look for an error and make serious changes to the Elliott price movement marks in this trading idea. ⚠️ As always, I wish you good luck in making independent trading decisions and profit ✊ Goodbye! Longby AnonymousTraderAcademyUpdated 6
SILVER: Bullish Continuation & Long Trade SILVER - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long SILVER Entry - 29.329 Sl - 28.621 Tp - 30.558 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals112