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Silverforecast

#SILVER: A strong sell off expected! Dear Traders, OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly. We will have to keep close eye on the price action if price does not respect our zone then the idea will be automatically invalidated. we will update on this as we progress.
OANDA:XAGUSDShort
by Setupsfx_
6
Silver I Potential upside Hello,Traders! . . . . . XAGUSD (Silver) is trading in a downtrend on the daily and sitting right below the 50 MA. After the recent decline and consecutive rejection at 20.73, price has been pushing upward in an impulse, correction phase. It is currently rejecting the 32% fib after the impulse rise from 21.77. All signs are pointing to more upside at the moment with a potential target to resistance 23.50 Trade safe and good luck! Like, comment and subscribe to help us grow! Check out other forecasts below too!
FXOPEN:XAGUSDLong
by BKTradingAcademy
2
Silver 1day overviewSilver fell to around $21 per ounce, the lowest in over six months, pressured by the interest rate jitters, surging bond yields, and a stronger dollar. In its latest meeting, the Fed signaled one more hike for 2023 and a slower monetary easing in 2024, which confirmed the interest rates would have to stay elevated longer, raising the opportunity cost of holding non-yielding bullion. Additionally, the ISM Manufacturing PMI rose well above market expectations to 49 in September, supporting the case for the regulator's hawkish tone. Still, silver prices remained underpinned by tight supply, the development of solar panel technologies with higher conduction needs, and hopes for an economic recovery in China after the country's manufacturing activity returned to expansion for the first time in six months. Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producers of silver are Mexico, Peru, and China followed by Australia, Chile, Bolivia, United States, Poland, and Russia. If you like it, hit the like button and share your charts in the comments section. Thank you.
TVC:SILVER
by CryptoSanders9563
1
silver ( xagusd ) Long Term Trading IdeaHello Traders In This Chart silver HOURLY Forex Forecast By FOREX PLANET today silver analysis 👆 🟢This Chart includes_ (silver market update) 🟢What is The Next Opportunity on silver 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 Charts
OANDA:XAGUSDLong
by ForexPlanet20
XAG/USD -Weekly Uptrend Outlook(update)- Silver's uptrend remains intact techincally speaking, as long as its plenty of supports below are there to enforce uptrend resumption. A decent Demand Zone as well just in case TVC:DXY starts flying by the next Feds Interest Rate Hikes decision after a Month of Breath, making Financial Markets turn around. For now, in the short term Silver may be struggling a little bit, only to find new buyers at its close lower levels. Losing grip of 0.618 Fibbonaci Trend Retracement would make me worried whether price will follow bars patterns Note that bars patterns are there just to give a mere visualization idea for uptrends worst case scenario without breaking Weekly Uptrend market structure. In case 22.1$ price level (recent HL market's structure) and support trendline is to be violated through huge selling volume, that would shift Character of Weekly Uptrend Until the next one ; Trade smart , TRADE SAFE *** NOTE that this is not Financial Advice . Please do your own Research before partaking on any Trading Activities based solely on this Idea.
OANDA:XAGUSD
by Mr_J__fx
Silver or XAU/USD hits golden crossI am thrilled to share some exciting news - silver has just hit a golden cross! For those unfamiliar with the term, a golden cross is a technical analysis term that occurs when the 50-day moving average exceeds the 200-day moving average. This bullish signal indicates a potential upward trend in the price of silver. This is fantastic news for all who have closely monitored the silver market. Considering long silver and taking advantage of this upward trend is an excellent opportunity. So, I encourage you to consider your investment strategy and add silver to your portfolio. With the golden cross in place, it's an ideal time to take advantage of this bullish signal and potentially profit from the upward trend.
OANDA:XAGUSDLong
by bryandowningqln
Silver Ready for Giant BreakoutSilver made a symmetrical triangle formation from 1988 to 2004 and broke this formation in 2004. Its peak and order block in 1983 worked as resistance in 2006 and as support in 2008 and 2020. I think the peak Silver did in 2011 was an order block too. The reason for this is that this order block was rejected in 2012. The symmetrical triangle formation it has made since 2009 is also in the critical region now. I can say that I am waiting for the scenario of breaking up of the symmetrical triangle. I think that the scenario that will emerge after this break will be similar to the 2004 - 2012 scenario.
OANDA:XAGUSDLong
by YavuzAkbay
5
Silver is shorted today The silver price is currently near US223.75/ounce, and it has fallen by about 1.4% during the day. If it falls below US223.75/ounce, this will open the way for a further decline in silver prices, and silver prices will continue to be expected for some time to come. The bearish trend scenario. Currently waiting for the silver price to fall below US223.70/ounce to confirm that the silver price will fall further to the next short target of US223.00/ounce. Stochastic indicators are currently showing bearish signals, and silver prices will show more bearish possibilities in the coming trading days. It should be noted that if the silver price breaks through US224.15/ounce, this will push the important resistance level of the silver price to US224.60/ounce, and then try to fall again. Today's silver price will be between the support level of USD23.50/ounce and the resistance level of USD24.30/ounce. Silver strategy: SILVER: sell @23 tp:24.3 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
TVC:SILVERShort
by UnknownUnicorn55305588
1
Silver: Let the show begin…! 🎪Ladies and Gentlemen, step right up and let the show begin! Please welcome silver, our brilliant artistic performer, in the arena that is our chart… See next: a somersault into the orange zone between $24.45 and $25.05 to finish wave iv in orange, followed by a brave downwards leap to complete wave v in orange as well as wave (a) in blue. Watch with bated breath as silver then spirals upwards again, stopped only by the mark at $25.41, where it should rebound and glide further downwards. There is a 30% chance, though, that silver could gain too much upwards momentum and thus soar above the mark at $25.41. In that case, we would expect it to reach a new high in the form of wave alt.x in magenta first before turning downwards again.
COMEX:SI1!
by MarketIntel