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Silver and Gold | Short-term and long-term targetsOANDA:XAGUSD OANDA:XAUUSD The past two weeks' price action suggests that we can expect the correction to continue in June for Silver and Gold. After last week's NFP and unemployment rates, the expectation for rate cuts has been pushed a bit further to the last quarter of 2024 which fueled dollar to maintain its strength. On the other hand, if you take a look at the seasonality of Gold and Silver you will notice that June is usually the month for Gold to rest a bit and for Silver to show some correction. So, In the short term, I would like to see lower prices on silver and gold and personally, I might add some more to my positions. The following are the areas for Silver and Gold which I consider as discount prices if as a long-term investor. Silver: $27.5 - $28 is a good discount area for silver. But it doesn't mean it would definitely reach this area. I expect another rally from July with a target of $33.6 to $36.4 area. Gold: $2190 - $2230 is the area that I believe gold will see in the near future. Then we might see another leg up on gold to hit the $2580 - $2650 area.
OANDA:XAUUSDShort
by SamanFx0
Silver Idea - $100/oz by the middle of 2026It's quite simple really. If we are in a precious metals bull market, signaled by the most recent breakout in gold and silver, then this is how i expect the next few years to occur in the silver market. In order for the price to breakout higher, $30/oz is required to be broken first, then $50/oz as the gold/silver ratio breaks down below the indicated 13 year long red support line. Assuming the arc indicates an approximate timeframe, based on the pattern I'm seeing in the gold/silver ratio, by the middle of 2026 silver should be circa $100/oz. This would only require $3000/oz gold and a gold/silver ratio of 30.
TVC:SILVERLong
by WinstonWolfe
Unveiling the Reasons Behind Last Month's Silver Price Surge Silver, the lustrous metal often overshadowed by its golden counterpart, experienced a remarkable price surge last month. While gold continues to hold a certain allure, it's silver that's been making headlines. Let's delve deeper into the factors that propelled silver to the forefront of the precious metals market. A Tale of Two Forces: Supply and Demand The price of any commodity is a delicate balance between supply and demand. In the case of silver, both sides of the equation have played a role in the recent price hike. On the Demand Side: A Silver Lining • Industrial Applications Take Center Stage: Silver's industrial applications have been steadily growing, particularly in the green energy sector. Solar panels are a prime example, as silver is a crucial component in their conductive layers. As the world transitions towards renewable energy sources, the demand for silver is expected to rise proportionally. • A Reliable Ally in Electronics: Beyond solar, silver is a vital element in a vast array of electronic devices. From smartphones and laptops to medical equipment, its conductive properties make it irreplaceable. The ever-increasing reliance on technology further fuels the demand for silver. • Investment Haven: Investors often turn to precious metals like silver as a hedge against inflation. When traditional currencies lose purchasing power, silver's perceived value can rise, attracting investors seeking a safe haven for their assets. Supply Under Pressure: • Mining Challenges: Silver is often mined as a byproduct of other metals, primarily lead and zinc. Fluctuations in the production of these base metals can indirectly impact silver supply. Additionally, stricter environmental regulations can make silver mining more complex and expensive. • Geopolitical Uncertainty: Global political instability can disrupt supply chains, impacting the flow of silver from major mining regions. This uncertainty adds another layer of complexity to the silver market. The Perfect Storm: When Demand Outpaces Supply The confluence of these factors – rising demand from various sectors and potential constraints on supply – has created a situation where demand is outpacing supply. This imbalance is a key driver behind the recent surge in silver prices. China's Silver Appetite: A Force to Be Reckoned With China deserves a special mention in the silver story. The world's second-largest economy is a major consumer of silver, with its demand playing a significant role in influencing global prices. China's booming industrial sector and growing investment in renewable energy further amplify its impact on the silver market. Looking Ahead: A Silver Future? The future of silver prices remains uncertain. Several factors, including global economic conditions, technological advancements, and geopolitical developments, will influence its trajectory. However, the current trends suggest that silver's industrial importance and potential as an inflation hedge will continue to drive demand. Beyond the Bling: Silver's True Value While silver's shiny exterior has always held aesthetic appeal, its true value lies in its versatility. From adorning our bodies to powering our technological advancements, silver is an essential element in the modern world. The recent price surge highlights the growing recognition of this multifaceted metal. Whether silver maintains its upward climb or experiences a correction, its role in the global market is undeniable. So, the next time you see a piece of silver jewelry, remember – it's not just about aesthetics; it's a testament to the vital role this metal plays in our world.
OANDA:XAGUSDLong
by bryandowningqln
DXY (Dollar) Intra Day/Week Play - 27/05/2024On the monthly we can see that the dollar is on aan upward trend after breaking outu of it's previous range at 88.528 which has now become a key level of support. We have seen this extention continue to levels 113.016 and then returned back to create a range between 101.421 (lows) and 107.424 (highs) Price action is suggested to continue ranging to complete distributiob before heading to the downside to test the POC levels of 99.885 and possibly even further to 94.510 to test the bullish order block which has yet to be mitigated before continuing back on the upward trend. On the Weekly we can get a clearer picture of this range and noticeably see that supply side liquidity at 106.726 has been swept which futher confirms our assumption that price will continie to the downside to the POC levels at 99.955 On the 4 hour we are able to get an even cleared picture with some assumptions being made that will test the 105.051 levels to form a bearish head and shoulders pattern and then heading down to test support level of 104.043 as part of a change of character, only to retract back to retest previous support at 104.380 and continue to he downside to reach our POI at 102.517. Taking all these price movements into consideration it is very likely that we'll see the greenback test all these levels to head back int the demand zone area of 100.500 - 102.000 over the coming week. Let me know what you guys think. Hope you have a great week ahead. Happy Trading.
TVC:DXY
by FXCapitalClub
Silver at the top of a channel?Silver has been trading traditional fib longs and and extensions in this big bull runup. However, we are very overextended, trading well in excess of big support over the past two days. We are also at a potential top in terms of it trend channel. The risk of a decline in silver is significant, and unlike gold which gives you a clue on the fifteen minutes charts, silver could simply start falling and keep going. Given the lack of bull fib support, I think this is a good spot to take profit and enter a small short position. There is a good chance that we begin the down leg of silver here.
COMEX:SI1!Short
by CeresTrader
6
SILVER XAGUSD Bullish Robbery PlanMy Dear Silver Robbers / Traders, This is our master plan to Heist Bullish side of SILVER MARKET based on Thief Trading style Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
CAPITALCOM:SILVERLong
by The-Thief
Endeavor Silver is about to blast off!This has broken out of two downward trends and Powell is about to be dovish with the dollar and let inflation rip again for Biden to get reelected. I see a VERY ATTRACTIVE options play right now - Endeavor's May Call contract at $2.50 is .20 right now and the O/I is off the charts. $5 is .05 or $5 a call. If silver blasts off like I think then these guys could rocket past that was they hit $12 in 2011. August is the next options expiration month, and has some high volume, but not as high as May. I think buying calls here would be a good choice. If you're concerned then brake up your months from May and August. I expect miners and metals to get pummeled this summer when BOJ announces rate CUTS when they implode. I'd diversify into the dollar or USDJPY or USDCNY at that point cause China will devalue their currency after the BOJ cuts rates to negative (to stay competitive). THIS ISN'T FINANCIAL ADVICE!! I am making a purchase into these securities as well, so I'm putting my money where my mouth is.
NYSE:EXKLong
by EmptyEternity
🚨🚨🚨Oh boy - Silver is gonna 🚀A TTM Squeeze on the Daily, Weekly and Monthly = a huge move is coming. I believe Powell will talk about adjusting the acceptable inflation rate in his speech tomorrow from 2% to 4%. He will appear dovish and inflation will rocket in the dollar starting April when the gamma has rolled off the quarter. I've also been noticing that precious metals are higher priced in China's SGE Exchange and rises in the morning and gets hit down during NY time. This means China is setting the prices of silver and gold and that the FED has lost control of inflation. In June the FED will end up hiking to 8% and the markets will take a dive. Then a false flag will be used to to justify the FED lowering rates as the dollar TVC:DXY ascends to 120-160. This will explode hyperinflation after the Dollar implodes (2026-2027), just in time for the FED to roll out the CBDC's under social credit scores. Please stock up on freeze dried food, water, ammo and physical silver and gold - and stay away from the cities. There's a good possibility the election will be called off under Martial Law. I will release a stock pick I think has some peculiarities I noticed that will exponentially skyrocket if this happens. Kinda a lottery ticket. It's not financial advice so beware - and I also will be investing in this stock as well so I'll have skin in the game. If by any chance the market interprets what Powell says as Hawkishness, like NO interest rate cuts this year FOR SURE, and that they're still targeting 2% inflation rate than all bets are off and precious metals will sell off before some summer event that causes the FED to cut rates (the false flag attack). Either way, precious metals will be the canary in the coalmine to watch going forward.
OANDA:XAGUSDLong
by EmptyEternity
2
Gold Shines in Emerging Markets, While Silver Seeks RefugeThe recent economic landscape has painted a fascinating picture for precious metals. Gold has emerged as a champion for investors in economies with developing currencies, like the Turkish Lira (TRY), Indian Rupee (INR), and Chinese Yuan (CNY). Conversely, silver seems to be finding favor as a store of value in more established economies with mature currencies, like the Euro (EUR). Understanding the economic forces behind this divergence can provide valuable insights for investors. Emerging Market Reliance on Gold For emerging economies, gold has historically served as a hedge against inflation and currency devaluation. As these economies experience higher inflation rates and potentially weaker currencies compared to their mature counterparts, the allure of gold's perceived stability grows. • Inflation Hedge: When inflation erodes the purchasing power of local currencies, gold's historical tendency to maintain its value becomes especially attractive. Investors in these markets can turn to gold to preserve their wealth. • Currency Devaluation Shield: A weakening local currency can make imports more expensive and hinder economic growth. Gold, on the other hand, is often seen as a global currency, offering a sense of security against fluctuations in the domestic currency. • Safe Haven Appeal: Emerging economies can be more prone to political and economic instability. Gold's reputation as a safe-haven asset provides a sense of security during turbulent times. Silver's Appeal in Mature Economies While gold thrives in emerging markets, silver seems to be resonating with investors in mature economies for different reasons: • Industrial Applications: Silver's extensive use in industrial applications, particularly in the green energy sector with solar panels and electric vehicles, makes its price more susceptible to economic growth. As mature economies tend to be more stable and have a higher potential for sustained growth, silver can benefit from this positive economic outlook. • Lower Barrier to Entry: Compared to gold, silver has a lower price point. This makes it a more accessible investment option for a wider range of investors in established economies, where wealth distribution may be more even. • Hedging Against Stock Market Volatility: While not as traditional a safe haven as gold, silver can offer some protection against stock market downturns. Its price often exhibits a positive correlation with the stock market during periods of economic growth, but it can also hold its value or even rise slightly during market corrections. The Interplay Between Currencies and Precious Metals The strength of a country's currency can also influence investor preferences for precious metals. • Strong Dollar, Weaker Silver: A strong U.S. dollar (USD) can make dollar-denominated assets like silver cheaper for investors holding other currencies. This can potentially lead to increased demand for silver in economies with weaker currencies. • Euro's Stability, Silver's Holding Power: The Eurozone, though facing its own economic challenges, offers a more stable currency environment compared to some emerging markets. This stability could make silver an attractive option for investors seeking long-term value storage without the volatility associated with emerging market currencies. Investing Considerations Gold's recent performance in emerging markets and silver's traction in mature economies highlight the importance of considering the interplay between economic conditions, currency fluctuations, and investor preferences. • Diversification: Including both gold and silver in a portfolio can provide diversification, offering protection against different economic scenarios. • Long-Term Outlook: Both gold and silver have a history of holding their value over time. Investors should consider their investment horizon and risk tolerance when deciding how much of their portfolio to allocate to these precious metals. • Economic Context: Understanding the specific economic climate, both globally and within the investor's own country, can be crucial for determining which precious metal may be a more suitable investment choice. The ongoing dance between gold and silver in the context of emerging and mature markets presents a dynamic and ever-evolving investment landscape. By staying informed about economic trends and understanding the drivers behind investor preferences, individuals can make informed decisions about incorporating these precious metals into their portfolios.
OANDA:XAUUSDLong
by bryandowningqln
Up to 207% gains in SilverSilver has given a strong impulsive break out from the long term trendline resistance after long accumulation phase. Big volume candles since July 2023 confirm healthy accumulation by strong hands. Currently price is in Primary Wave 3 which can end somewhere near 66 level. A potential gain of 135% by end of this year. Wave 5 target is around 87-88 levels which can be achieved by the end of 2026. Around 207% gains from CMP within 3 years. Do your own due diligence before taking any action. Peace!!
OANDA:XAGUSDLong
by Swastik24
Don’t Miss Out: Capitalize on the 2024 Precious Metals RallyOur in-depth analysis throughout 2024 has consistently identified a strong upside for precious metals. This aligns perfectly with the predictions outlined in our Annual Letter 2024, where we highlighted a significant rally for gold and silver. Current market trends indicate this uptrend will hold until April 22nd, 2024. While a temporary correction may follow, our research suggests a renewed surge for precious metals beyond that date. The volatile nature of the metals and commodities market can make navigating it a challenge. Here’s where market timing expertise comes in. Through in-depth analysis of market trends and historical data, our team can identify potential entry and exit points for precious metals like gold and silver.
TVC:GOLDLong
by astroduniarp