SILVER SILVER is on sub-wave 1 of wave 3 on major-wave5, a correction as sub-wave 2 is expectedShortby Nhlanhla_luck_IV3
XAGUSD DEMAND ZONE READ DESCRIPTIONSilver (XAGUSD) is currently positioned within a critical support and demand zone, ranging from 24.5 to 24.7. This zone represents a significant area where buyers are anticipated to be active, potentially leading to a reversal in price action. Considering the trading sentiments from the last week, which recorded 6 sell signals, 10 neutral signals, and 28 buy signals, there seems to be a notable bias towards buying. The data from the last week's trading sentiments suggest that while there were some sell signals, they were outnumbered by buy signals, indicating a prevailing bullish sentiment in the market. The larger number of buy signals indicates a significant interest among traders to enter long positions, particularly at the current support and demand zone. It's important to understand the implications of these trading sentiments within the context of market psychology. When a significant number of traders express a bullish sentiment, it often reflects an underlying confidence in the asset's potential for appreciation. In the case of silver, the presence of a considerable number of buy signals suggests that traders perceive the current price levels, particularly within the support and demand zone, as attractive for initiating long positions. However, it's crucial to exercise caution and consider other factors beyond just trading sentiments. While sentiments provide valuable insights into market psychology, they should be complemented with thorough technical and fundamental analysis. Factors such as macroeconomic data, geopolitical events, and changes in supply and demand dynamics can also influence the price of silver. In conclusion, the trading sentiments from the last week, indicating a higher number of buy signals compared to sell signals, suggest a potential buying opportunity for silver, especially within the identified support and demand zone. Traders should carefully analyze all available information and employ proper risk management strategies before making trading decisions.Longby MOAZAM11331
What's next for XAGUSD?🤔Hi traders.. in the Corrective structure we're in top of it now from short position we need more information Shortby Samfxb0
SILVER LONG TO $34-$36 (UPDATE)🚀It's been a while since we've done an update on our Silver analysis as market has been in an accumulation phase. But nevertheless, we are still holding onto our Silver buy position & it is running in strong profits🦾 Currently giving us a 24% ROI (4,800 PIPS).Longby BA_Investments4
Silver coiling up for a potential bullish move upWe're trading above the green Ichimoku cloud & the RSI has room for a move up. Keeping a close eye on this channel to see if there's a breakout upward. Especially with the dollar weakening and political tensions rising I can see Silver making a run up as a good store of wealth A key question is whether Silver will follow Gold or match it's overall return as Gold currently holds the #1 position as the worlds store of wealthLongby sachu_blessyou0
Silver Yearly Chart"I was there when it started." --my future self price above 7 year moving average and right hemisphere #Silver #Silversqueeze #Showtime OANDA:XAGUSDby Badcharts113
Silver sells4h bullish structure invalidated. Break and retest with a double top formation. Likely to fall? Shortby BM_ForexTrader0
SILVER SELL OPPORTUNITY XAGUSDI analysed it, There is Short opportunity for Silver at market price and Price should go down 23 Enter Price 24.700-24800 Target 23 SL 25.100 This is my analysis for XAGUSDShortby HITESHUZBEK5
XAGUSD LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyLongby akmalsabran900
SILVERHere is a short explanation of the "continued upward trajectory for a while longer" concept mentioned in the previous idea. This term suggests that the current trend of price movement could also maintain upward direction for a certain duration before reversing. Such occurrences in silver price movements are relatively infrequent and have only happened three times since 2017 (see picture). It's important to emphasize that while past performance does not ensure future outcomes, recognizing historical patterns can aid decision-making. It is crucial to exercise patience and prioritize waiting for confirmation of a trend reversal rather than hastily entering or exiting positions based on speculative impulses. In this context, it is highly significant to highlight the importance of monitoring key levels on the price chart, such as overbought and oversold positions indicated by the blue arrows in both the Slow Trend and Fast Trend indicators. With this clarified, we now await developments in the upcoming week: either a continued upward trajectory for a while longer or confirmation of a reversal It's challenging to envision a third option.by MaceMaddox0
Silver trading planAccording to my view we are still going up we just gonna grap liquidity n continue to rise, make sure you wait for the right to get into position n use proper risking management✍️ Longby mulaudzimpho0
Possible Bearish Scenario Silverwe had a market structure shift (Ch) that could tell us that silver might be bearish aswell as there are a lot of imbalances to still take after price moved very hard without pullbacks. I also see that we broke some 4H trendlines as an extra confluence. For now i will be waiting for a Break of structure to signal that silver wants to go down. this is just a possible scenario, i just wanted to share it with you guys.Shortby Roffaboy0102
SILVERIt is evident that the indicators have indeed continued to travel in the overbought area as anticipated. Now, it is crucial to exercise caution since both the slow and fast trend indicators are coming down from the overbought regions. This situation presents two possibilities yet again. Firstly, there is a chance of the trend continuing upward for a while longer. Alternatively, there is the possibility of a reversal occurring in the upcoming week. Examining different time frames, there is increasing evidence supporting the latter scenario. Given this evolving scenario, it is important to stay alert. The early signs of the end of the current trend and the start of a new one require careful attention until they are confirmed.Shortby MaceMaddox0
Analysis of Silver in the Daily Timeframe 📈Silver had a very important resistance that it broke through with strength and now that range has turned into strong support. Silver faces another important resistance on its way, if it fails to surpass and break that resistance, we can expect a price drop to the support range of 23.417. However, in case of breaking the resistance, we may anticipate an upward movement towards the price of 25.47. 🪙by ChartSavantUpdated 4
SILVER BULLS ARE STRONG HERE|LONG Hello,Friends! It makes sense for us to go long on SILVER right now from the support line below with the target of 25.315 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 111
SILVER Is Going Up! Buy! Here is our detailed technical review for SILVER. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 24.464. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 25.165 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 111
Silver (XAGUSD): Starting to go up!Silver (XAGUSD): OANDA:XAGUSD In Silver, we believe we have formed the low with Wave 2 at $21.93. Since then, we've developed Waves (i) and (ii), and now likely Wave (iii) as well. It appears we've caught up with Wave (5) at the 50% extension level at $25.36. Should we now drop for Wave (iv), we expect it to be in the range between 38.2% and 61.8%, more precisely between $24.12 and $23.30. The $23.30 level is also our invalidation level, as that's where the stop of Wave (i) is located. Initially, we believe we will accept the support zone at the subordinate Wave (4) for the overarching Wave (iv). We see this as a very interesting zone and, looking upwards, we believe we will head towards the $26 mark.Longby freeguy_by_wmcUpdated 2
Silver: NeutralSilver experienced what I would call a healthy pull back because it hits the upper trendline and came down. My bias is still LONG in the long-term but holds no position until price breaks out or reassess when it hits the lower trendline.by yuchaosng112
✅SILVER TIME TO BUY|LONG🚀 ✅SILVER fell again to retest the support of 24.493$ But it is a strong key level So I think that there is a high chance That we will see a bullish rebound and a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx112
SILVER Will Explode! BUY! My dear subscribers, This is my opinion on the SILVER next move: The instrument tests an important psychological level 24.916 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 25.205 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK Longby AnabelSignals111
LongI'm trading the remaining push of this bearish wedge, I waited for DAYS for this to be ready. I'm at BE so I'm going to play some golf while this ridesLongby Waves-Fib1
XAGUSD Rejection at the top of the 1 year pattern. Huge SELL.Silver (XAGUSD) reached the 25.000 Target that we set more than a month ago (February 15, see chart below) easily surpassing the 0.786 Fibonacci level and getting heavily rejected exactly at the top (Lower Highs trend-line) of the 1 year Triangle pattern: On July 20 2023, a rejection slightly lower started wave (e-f) towards the bottom of the High Volatility Zone and touched the 1W MA100 (red trend-line). This trend-line has made contact with all corrective waves of the long-term Triangle pattern. As a result, taking also into account the 1D RSI which has hit the exact 70.00 overbought barrier like on July 19 2023, we are now bearish and targeting 22.500 (expected contact with the 1W MA100). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot118
XAGUSDXAGUSD can be attempted to short on bearish divergence indicate that trend will be reversed. SL , TP mention in chart.Shortby SignalEdgeUpdated 1