SILVER Silver is likely to push upside from 50% - 61.8% retracement to the blue box.. and can push further upside. same thing with Gold by Mntungwa8714
Precious metals slumpThis year may have seen some long-overdue positivity to precious metals, but the last three weeks have not been kind to the bulls. Today’s slump looks like it has done huge damage to many leveraged buyers, forcing them out of long-held positions. Sentiment has taken a real bashing, to gold holders certainly, but even more so for silver bulls, many who must have hoped that they’d never see $30 per ounce again. These kind of moves are typical when gold and silver markets come to life. And despite the apparent devastation, there are some positives. For a start, gold, the senior precious metal, has held above $2,300 – so far. The MACD looks as if it is in the process of resetting at neutral levels as many of the weaker hands will have retired from the field of battle. Yet all that has happened is that gold has pulled back to levels seen at the beginning of May. Could this set a base from which gold can push higher? Or is the more weakness to come? Silver is a much scarier metal to trade than gold. Its volatility is legendary, and today’s drop of 6% in a straight line is the kind of movement which leads bullish traders to swear never to touch silver again. Yet, as with gold, today’s fall has taken prices back down to levels seen just a couple of weeks ago. Silver was overbought, and now it is less so. It may have to fall further still to reset its MACD, but could it also be setting up for a bigger upside move as we get further into the year? by TylerNorcross3
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. Longby bryandowningqln2
SilverPair : XAGUSD ( Silver / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Resistance Levelby ForexDetective2
SILVER - Buy Fear Part 3This area is looking strong and had a big pump yesterday. But today it has now dumped 4% reacting to dollar (unemployment data) So this I think is slightly risky (as it is effectively a falling knife) but probably a great place to pick up some more silver. I bought more here 👍. Not adviceLongby dRends35227
XAGUSD. Weekly trading levels 3 - 7.06.2024During 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 5
Could silver bounce from here?XAG/USD is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 30.151 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 29.763 Why we like it: There is an overlap support level which lines up with the 78.6% Fibonacci retracement. Take profit: 30.864 Why we like it: There is a pullback resistance level. 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.Longby VantageMarkets10
Silver Surges to $30.25 Amid Speculation of Fed Rate CutsDuring Thursday’s London session, silver has surged to $30.25, bolstered by robust buying interest. This momentum is largely driven by the normalization of US labor market conditions, which have heightened expectations that the Federal Reserve (Fed) may begin cutting interest rates in its September meeting. According to the CME FedWatch tool, there is now a 68% probability of a rate cut in September, a significant increase from the 47% chance recorded just a week earlier. This shift in expectations has put substantial pressure on US bond yields. Although 10-year US Treasury yields have inched up to around 4.29%, they remain significantly lower than the weekly high of 4.64%. Lower yields on interest-bearing assets diminish the opportunity cost of holding non-yielding assets such as silver, making them more attractive. Technical Analysis From a technical perspective, silver's price action indicates a divergence on the H4 chart following a rebound from a key support level. This suggests the potential for a new bullish impulse. Combining these fundamental and technical insights, the outlook for silver remains positive, with further gains likely in the near term.Longby FOREXN1Updated 1112
Silver Squeeze Long IdeaI've made good money on silver playing both directions this year, but today I got my face ripped off on it. I think it could fail here at supply and head back to previous resistance before squeezing higher. If no bounce there, I'd say it is not looking great. Could lead to chop or more sell action. But, I think it'll be a good long for now, I might enter depending on how price reacts if this plays out.Longby AdvancedPlays2
Silver Bullish outlookHI Traders. Silver is in a Corrections Structure after a bullish move. Right now we are at the buttom of the structure We see a double buttom and a HeadnShoulder Pattern, what shows us the bulls are coming back. Target should be at least the high of the structureLongby ltdcrack88Updated 4
Silver vs SPX WeeklyWith #silver up over 4.5% today... So has the ratio versus the #spx. Are you ready?by Badcharts112
Silver Trading Update for JuneCurrent Situation The bullish trend in silver remains intact, and Plan A has been closed in slight profit before the US Open. Given the ongoing bullish momentum, Plan B has been cancelled. We now shift our focus to new higher levels for potential shorting opportunities. Updated Trading Plan New Entry Levels for Shorting: Entry Zone: Sell between $34.13740 and $35.38935 Stop Loss: To be determined based on price action upon entry within this zone Take Profit: To be determined based on price action and market conditions upon entry Key Factors to Watch Seasonality: Despite the bullish trend, June has historically been weak for silver. Continue to monitor seasonal patterns. COT Index: Bearish positioning with a 1-year rolling score of 3.8% and a 3-year score of 2.3% indicates smart money is still short. Technical Signals: Look for signs of exhaustion or reversal within the new entry zone between $34.13740 and $35.38935. Market Analysis 🔍 Bullish Momentum The overall bullish trend in silver continues to dominate, suggesting that immediate short positions may not be optimal. Therefore, patience is key as we wait for the price to enter our new targeted entry zone. Technical Indicators Watch for: Overbought Conditions: Indicators such as RSI or MACD reaching overbought levels within the entry zone. Reversal Patterns: Formation of bearish candlestick patterns (e.g., bearish engulfing, shooting star) within the entry zone. Volume Analysis: Increasing volume on down days as the price approaches the entry zone, indicating potential selling pressure. Next Steps 🕰️ Monitor Price Action: Wait for silver to approach the $34.13740-$35.38935 zone. Set Alerts: Use trading platforms to set alerts for when silver prices enter the targeted entry zone. Analyze Market Conditions: Upon entry into the zone, analyze technical indicators and overall market conditions to confirm entry. Define Risk Management: Determine precise stop loss and take profit levels based on real-time market analysis when the price enters the zone. Conclusion 🧩 By shifting our focus to higher entry levels for shorting, we align with the current bullish trend while preparing for a potential reversal at a higher, more strategic price point. The bearish sentiment from smart money, combined with seasonal patterns and technical analysis, still supports the possibility of a significant pullback. Stay patient, monitor key levels, and be ready to execute when the market presents the optimal opportunity. 🚀 Happy trading and may the markets be in your favor!by Mike_SnD1
Silver Fib CirclesJust some price and time action on silver. Using the trendiness and concepts of the past to see motifs and artistic patterns to see what will more likely than not occur in the future; using trends in God's nature, Fibonacci, to make more discerning trades and hedges. Seeing hot points as when to choose to trade or not to trade depending on the individual's risk comfort zone. by ts30270430
SILVER On The Rise! BUY! My dear subscribers, This is my opinion on the SILVER next move: The instrument tests an important psychological level 30.4065 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 - 31.0378 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 LUCKLongby AnabelSignalsUpdated 117
Sell silverThe higher resistence in this phase multiple barrier and the double top at the high Shortby AmarDevshastri110
"Analysis of XAGUSD - Weekly Box Break and Start of Movement"💹 Let's analyze and review silver, align our triggers and scenarios before the potential move, so we don't miss out on the likely trend. 🌟 We have a new program on this channel, in addition to daily analyses, from Monday to Wednesday: Bitcoin and its dominance analysis on Monday Ethereum and ETHBTC analysis on Tuesday Gold analysis on Wednesday I hope these bring you significant profits. 🔍 In the weekly time frame, silver has broken out of its crucial box, where it was contained for about 1400 days, but hasn't started its main move yet and is currently resting. Additionally, in the weekly time frame, the RSI entering the Overbuy zone and breaking the 72.59 level could signal the start of our move. 📊 In the daily time frame, after breaking the daily resistance and box at 25.73286 upwards, we are moving along an ascending curve line. We can consider this as a parabolic trend where this curve line provides suitable support for us each time, indicating the continuation of the trend, and after breaking the 32.16843 level, we will have this confirmation. 💡 Regarding the curve line, its nature is upward, and it can greatly help us in long-term trends in terms of identifying and changing the trend. When this curve line is broken in terms of price or time, we might range or witness a trend change. 🏦 In the four-hour time frame, our chart is in an upward trend. After moving from 24.40221 to the new peak of 32.168, we are currently recording green candles after breaking the downward trend line and pulling back to it. ⏰ In this chart, we have two complete examples regarding trend lines: The red trend line is a reversal type, which after an upward trend and forming a support trend, can change the trend and requires trigger confirmation. The green trend line is a continuation type, which after a correction, an upward trend forms and a position can be opened without a trigger. 🔍 Before reviewing the triggers, let's also review the Fibonacci levels. The crucial support of 29.38007 is exactly at the 0.382 Fibonacci level. If we rebound from this area and break the 32.168 resistance, we could have a suitable trend ahead. Additionally, it emphasizes the importance of supports at 27.666 and 26.54976. 📈 For a long position , after breaking the 30.81282 level and the main 32.16843 level, you can open your position. Make sure to be behind the chart for the 32.16843 level. 📉 For a short position , I won't open any positions for now. At least, I will wait for the 29.40251 support to be tested again and then consider a short position. This is because the absence of buyers could prepare the market for sellers. 💡 Regarding the 30.81282 trigger, there's a high chance of hitting the stop, and the 32.16843 trigger might go sharp and you may miss the entry. Personally, I would choose the first one. 🔻 Upcoming Supports: 29.38007, 27.66612 🔺 Upcoming Resistances: 30.81282, 32.16843 😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you! ⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.Longby RealMRA33112
Silver Buy SignalOn the 1-hour timeframe, buying begins, marking the end of the downtrend. The first sign of upward movement is observed. The price revisits the previous low with low volume but is unable to break lower, indicating selling pressure is absorbed by buyers. There is evidence of buyer accumulation for an upward movement, and smart money starts to buy at low prices. Signs of strength emerge as demand outweighs supply. I am waiting for the price to go back to 30.678 for candlestick confirmation for my entry. Entry: 30.678 Take Profit: 32.108 Stop Loss: 30.219Longby richard925Updated 0
Can silver rise?📊 According to the buying pressure in the market, if the range of 30.50 units is broken and the price stabilizes above it, the price may increase to the range of 31.20 units🎯 , and in the case of the strength of the range of 32.10 units🎯🎯. 📊 Otherwise, the price may drop to the range of 28.40 units.Longby arongroups3
SILVER Will Go Up From Support! Buy! Take a look at our analysis for SILVER. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 29.778. Considering the today's price action, probabilities will be high to see a movement to 31.980. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 119
SILVER BUYERS WILL DOMINATE THE MARKET|LONG Hello,Friends! We are targeting the 30.913 level area with our long trade on SILVER which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 115
The Price of Silver Is Acting Weaker Than GoldThe Price of Silver Is Acting Weaker Than Gold According to Reuters, precious metal prices have risen in the past 1-2 days as Treasury yields have fallen, enhancing metals' appeal as a "safe haven" for investor portfolios. Currently: → Expectations are growing that US interest rate cuts may begin as early as September; → Market participants are focusing on non-farm employment data and other US market data, set to be released on Friday at 15:30 GMT+3. In this context, it is notable that the gold market is clearly stronger than silver. The XAU/USD chart shows that the price of gold today rose above $2370 per ounce, a high not seen since 23 May, more than 10 days ago. Meanwhile, the price of silver experienced a decline of over 8% from 29 May to 4 June. Today’s rise appears to be an attempt by bulls to offset this bearish momentum, during which the price of gold remained stable. Technical analysis of the XAG/USD chart shows that: → Since March, there has been an upward trend in the market (indicated by a blue channel); → On 17 May, we noted in our analysis of the XAG/USD chart that we might witness a new bull attack on the psychological level of $30 per ounce of silver. Indeed, the bullish breakout occurred immediately after publication. → Following the breakout, the price of silver reached the upper boundary of the ascending channel (A), retreated to the key level of $30, and then formed a new peak (B), demonstrating an inability to reach the upper boundary – a bearish sign. Thus, a double top pattern has formed around the $32 per ounce level on the silver price chart. Additionally, the steepness of the ascending trend lines is decreasing (shown in green), indicating a potential exhaustion of demand – fewer buyers are willing to pay more than $30 per ounce of silver. The $30.80 level is already showing resistance. Bulls may attempt to break through it and resume the uptrend from the lower boundary of the channel, but there are no guarantees that this will subsequently activate demand forces around the double top area. Start trading commodity CFDs with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen2213
Could XAG/USD reverse from here?Price is rising towards a resistance level which is an overlap resistance that aligns with te 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 30.912 Why we like it: There is an overlap resistance level which lines up with the 50% 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: 29.441 Why we like it: There is a pullback support. 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 VantageMarkets6
Silver Trading Update for JuneCurrent Situation The initial short position entry at $30.52742 has been activated as the price has reached our first entry level. This position aligns with our overall bearish outlook for silver in June, based on seasonality, COT index insights, and technical analysis. Active Trading Plan A Current Position: Entry: Sell at $30.52742 Stop Loss: $30.93491 + Spread Take Profit: $26.82082 This position aims to capitalize on the anticipated pullback to a daily demand level, driven by seasonal weakness and bearish sentiment from smart money. Standby Trading Plan B Scenario: Price moves higher, providing a better entry point for a short position. Entry: Sell at $31.25125 Stop Loss: $31.80 + Spread Take Profit: $26.82082 Plan B remains on standby and will be activated if the price reaches the higher entry level, offering a favorable risk-to-reward ratio for another short position. Key Factors to Watch Seasonality: June's historically weak performance for silver. COT Index: Bearish positioning with a 1-year rolling score of 3.8% and a 3-year score of 2.3%. Technical Signals: Higher time frame break of structure, buy-side liquidity taken, and H4 imbalances. Next Steps 🕰️ With Plan A now active, we will monitor the market closely. Patience and discipline are crucial as we wait for the trade to unfold. Our stop loss is in place to manage risk, and our take profit level aims to capture significant gains if the anticipated pullback occurs. Conclusion 🧩 The activation of Plan A is a strategic move based on thorough analysis and disciplined trading principles. The bearish sentiment from smart money, combined with seasonal weakness and technical indicators, supports our short position strategy. We will continue to watch the market and adjust our plans as necessary, always prioritizing disciplined risk management. 🚀 Happy trading and may the markets be in your favor! Shortby Mike_SnD1