XAGUSD SELL Could this be a possible selling zone for Silver? The RSI is showing that the market has reached maximum buying area. The 4HR is also showing a reversal chart pattern at the current zone, we could possibly see selling pressure coming in. Let's see how this will play out Shortby WiLLProsperForexUpdated 151518
SILVER: Small Corrections And Then Shoots Up! TVC:SILVER Expecting small correction to our identified area, and a strong bounce from our region is expected. The trend is still extremely bullish however, as we said price is making a correction once it completed and at the rejection we can enter. **If you like the idea then please like,comment and follow us** Team Setupsfx_ Longby Setupsfx_8823
XAGUSD/SILVER SHORT/SELLHello * Ending diagonal in play * 5 waves complete * 15 min Order block 30.997 price level * MACD DIVERGENCE Entry: 32.250 Stop loss: 33.000 Take Profit: 30.900by PIPPINTRADERUpdated 2217
SILVER - Double topIf gold is in a decline mode silver is dropping too... Silver started to print its double top a bit later than gold but it's heading to the neckline at 30.058$. We might backtest the breakout again at 26$ in a few weeks. And also notice on the XAUXAG chart silver printed a daily swing yesterday : It might want to backtest the triangle~s lower trendline. If the XAUXAG chart moving up the silver decline will be much more severe. Prepare for the double top to break down soon ! Shortby chartwatchersUpdated 1117
Ascending Triangle on Silver/USDI'm not the first one seeing this, but in a few days we'll know: a. another buy opportunity under $31.00 b. $31/oz floor is setLongby antoniochipfernandez114
Silver Bump and Reversal?The "parabolic" Trend was broken yesterday. The longer term trend could coincide with 50% Fib retracement from the latest up move.by tsurutasani112
DOUBLE TOPA double top confirmed by the bearish divergence on the 4h RSI. looks like silver is about to get crushed again for a few weeks.by SforShiraz112
XAGUSD continues to give excellent set-ups to trade.Silver (XAGUSD) couldn't have gone better on our last signal we gave (April 17, see chart below) as it did give us the pull-back inside Resistance Zone 1 that we wanted in order to buy and immediately rallied to the top of the Channel Up to hit our 32.00 Target: Since the break-out, the metal entered a more aggressive Diverging Channel Up (blue), which after a Higher High, it pulls back to the 0.618 Fibonacci retracement level and then rallies to the -0.5 Fib. As a result, we will wait until the price approached the 1D MA50 (blue trend-line) again as it did on May 02 and then buy, targeting 35.000 (just below the -0.5 Fib and at the Top of the Channel Up). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot12
Possibly Ascending ChannelI see silver moving according to this scenario. I will only sell some of my silver when hit 50-60 dollars. I believe once we hit those levels price will go down and then sideways for sometime (1-2.5 years) and ill be buying more around 40 dollars.by Se7enSkies9
Heading into 38.2% Fibonacci resistance?XAG/USD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 30.967 Why we like it: There is an overlap resistance level which aligns with the 38.2% 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: 29.797 Why we like it: There is a pullback support level which lines up with the 100% Fibonacci projection. 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 VantageMarkets8
Silver - 1H BullishSilver was in a bullish trend, and this descending channel can act as a bullish flag. The bottom of it can be good support for silver. As you can see on the chart, XAGUSD had a perfect reaction to that zone, indicating it can rise more.Longby Sober_Trading1111
Silver Get ready for massive runSilver has been testing the pactience of investor community for a very long time. Known as a poor man's Gold this commidity mimicks the gold price but moves are sudden and strong. Gold has been in past 5 years moving within the range of triangle and getting into a squeeze period. looking for breskout upward and flow the Gold price move. by spiritedDingo47834Updated 12
Fake out of all FAKE OUTS???This could be the mother of all fake outs!...hard to say right now, but I am quite leery of more upside until we get a decent retrace...my sentiment...DEFENSIVE!Shortby ConservativeOne15
SILVER XAG $24 | Range for entry $18 | $40 Oil has a 20 year cycle that resets from $5 to $120 per barrel this Rock has less than 20 .. 10year of winding down and 3 years of unstoppable pump by senyorUpdated 4426
XAGUSD: Bullish Megaphone going for its top.Silver is almost overbought on its 1D technical outlook (RSI = 68.691, MACD = 1.067, ADX = 40.719) as it reversed last week's minor pull-back. Being supported on the 1D MA50, the current Bullish Megaphone pattern is aiming for its top. We are expecting a +33.66% rise (TP = 34.500), same as the first Bullish Wave. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope1114
The first idea: Silver is a Flat expanded corrective patternDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas Longby mehdi47abbasi7913
XAGUSD : a cup and handle on the logarithmic monthly chart. The logarithmic chart of XAGUSD with three-month candles highlights a classic "Cup and Handle" formation, which is typically a bullish continuation pattern, indicating a strong likelihood of long-term price appreciation. The cup formation is evident with a rounded base that began in the 1980s, peaking in 2011 near $50. The subsequent correction has formed the rounded part of the cup leading up to the present. The market currently appears to be forming the handle, characterized by a lateral consolidation or slight downward movement before a potential bullish breakout. Support and Resistance Levels - Key Support: Immediate support levels are around $26.75,28$ and $30.47. - Key Resistance: Major resistance levels to watch are around $34, $35.43, $40.28, $44.29 and $47.60. Price Projections Based on the "Cup and Handle" pattern and technical analysis: - Short-Term Projection (1-2 years): After breaking out from the handle, silver could test resistance levels around $40-$45. - Medium-Term Projection (2-5 years): Continued bullish momentum could drive prices towards $60-$70. - Long-Term Projection (5-10 years): Given the historical pattern and fundamental support, silver could potentially reach $150-$300 per ounce, aligning with the upper trajectory shown on the chart. Fundamental Analysis Global Economic Conditions: - Economic Growth and Recession Risks: Silver demand as a safe-haven asset increases during economic instability or recession. Current projections indicate growth for Central Europe, but Western Europe, especially Germany, faces industrial production declines and persistent economic challenges. The global economic outlook remains uncertain, with sub-trend growth in many advanced economies due to restrictive monetary policies aimed at controlling inflation. - Inflation and Monetary Policy: High inflation is a critical factor affecting silver prices. Central banks, including the U.S. Federal Reserve, maintain restrictive monetary policies to combat inflation, influencing commodity prices like silver. As inflation moderates, potential interest rate cuts could positively impact silver prices. Geopolitical Factors: - Geopolitical Tensions: Silver prices respond to geopolitical events, increasing market uncertainty and demand for safe-haven assets. In 2024, potential conflicts and heightened tensions between major economies such as the U.S. and China, and ongoing conflicts in Europe and the Middle East are significant factors. - Trade Wars and Tariffs: Trade tensions and tariffs disrupt global economic stability, influencing silver prices. Significant developments in U.S.-China trade relations or other major economic policies can shift investor sentiment towards commodities like silver. Growing Demand for Silver - Industrial Demand: - Photovoltaic Cells: Silver is a key component in photovoltaic (PV) cells used in solar panels. The demand for silver in this sector has been growing significantly. In 2021, the solar industry consumed approximately 105 million ounces of silver. With the increasing focus on renewable energy, this demand is projected to grow by 8% annually, potentially reaching 140 million ounces by 2030. - Electronics and Automotive Industries: Silver is extensively used in electronics due to its superior conductivity. The automotive industry, particularly with the rise of electric vehicles (EVs), has also increased its silver consumption. The EV market alone is expected to consume around 55 million ounces of silver annually by 2030, up from approximately 45 million ounces in 2020. - Medical Applications: Silver’s antibacterial properties make it valuable in medical applications. The medical sector's demand for silver is projected to grow by 6% annually, driven by increased use in medical devices and coatings. Energy Markets - Correlation with Oil Prices: The correlation between the U.S. dollar and oil prices is notable. As the U.S. becomes a net energy exporter, shifts in oil prices due to geopolitical and policy changes impact broader commodity markets, including silver. Higher energy prices can increase production costs for silver mining, potentially reducing supply and driving prices up. Conclusion The formation of a "Cup and Handle" on the XAGUSD chart indicates significant long-term bullish potential. Supported by robust fundamental factors such as economic uncertainty, persistent inflation, geopolitical tensions, and growing industrial demand, silver could see substantial price appreciation in the coming years. For detailed analysis and regular updates, continue following my posts on TradingView.Longby Neutrinogold5
Strifor || SILVER-28/05/2024Preferred direction: SELL Comment: Not long ago, we considered silver for short-term buy-deal and this trade has already been closed today, or at least transferred to breakeven, and most of the profit has been fixed. In the shorter term, the metals are likely to expect a pullback, a downward correction. Against this background, we will consider two scenarios, which can be seen on the chart. It should be noted that both scenarios are rather considered by us equally, although scenario №1 is designated as a priority. The target for the fall is considered to be at support 29.77800. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 117
Heading into 61.8% Fibonacci resistance?Silver (XAG/USD) is rising towards the pivot and could reverse from this level to the 1st support. Pivot: 31.307 1st Support: 29.779 1st Resistance: 32.289 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Shortby ICmarkets5
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 AnabelSignals116
Silver Ascending WedgeSilver was fairly strong today, even when ES and NQ sold off shortly after open. I had been looking for a short on silver since it broke below a major trendline, but this ascending wedge is a much shorter term pattern. It's always good to have confirmations on both longer and shorter time frames, so I like this setup. However, silver has been volatile and has the potential for short squeezes that cause big moves, so it's important to manage risk properly on this.Shortby AdvancedPlays4
Double top for Silver, possible reversalDouble top can be an extremely bearish pattern, now we wait for the price of XAG/USD to drop below the support level (neckline) indicated on the chart in order to target the price around $28. Shortby Samo_DaniloUpdated 114
SLV - CALLS!Silver has surged 33% this year, driven by its critical role in modern technologies and as a hedge against currency devaluation. Alan Hibbard, a noted analyst, recently discussed the factors behind silver's rise on Schwab TV, highlighting robust demand from both retail and institutional investors. Analysts expects silver to outperform gold in the short term, potentially reaching $50 an ounce. Central banks, particularly China, have been increasing their gold reserves, while copper has also reached record highs due to demand in green technologies. These dynamics underline silver's growing appeal in a turbulent economic landscape. Personally bought $35 Strike 9/20 exp. Buying if we go back and retest res as sup. Multi 100% gainer!Longby Smart_Money_CpyderUpdated 4