SILVER XAGUSDOANDA:XAGUSD LOOKKKKK! break the symterical triangle at weekly,next years will be silver's year.Longby H-A_TUpdated 1
Silver, finally breaking 30$But I do see almost half a decade or more of sideways between 50$ and 30$ afterwards as this will be a speculative run up again with multiple assets.Longby boleroking1
silver yearlyARE YOU WATCHING THIS? #SILVER above 28$ on years close is a massive breakoutby Badcharts7
sliver makes a new highthis is very important to note the silver trade price has just made a new high for the new financial year this prices silver back goods to be priced at a higher cost . these events are important to take in a count . the fed has also began there roll out on there new price distribution system . happy trading by caylibhendricks0070
Strifor || SILVER-14/05/2024Preferred direction: BUY Comment: Against the backdrop of the upcoming news week, metals in particular are best viewed from a medium-term perspective. Here, for silver , the most likely scenario seems to be the formation of accumulation and then growth towards a local maximum of 30 exactly ( scenario №1). We also designate Scenario №2, and it is mainly necessary as a plan B in case of increased volatility, which is likely to happen. The best thing, in our opinion, would be to find a long entry point using a breakout strategy at the level of 28.69664. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Longby Viktor_strifor_analystUpdated 114
Silver Approaching ExtensionWe are looking at Silver approaching the extension. This is a solid area to start looking for SWING SELLS on Silver. Share your thoughts below. The ProfessorShortby TheMotivationalProfessor113
Silver long term view Silver is yet to confirm it's breakout from the 6 year bullish wedge accumulation after breaking out in 2020. Since then we've seen consolidation in the range between 20 - 30. Short term target of 36 after confirmation using the fib extension, but this, as we all know has the potential to go miles above that. A classic double bottom to wrap it all up I'm sure would take place as shown on the chart. All the best. Cheers, SkyLongby SkyTreesUpdated 228
The Price of Silver Has Reached Its Highest Level in 3 YearsThe Price of Silver Has Reached Its Highest Level in Over Three Years As indicated by the XAG/USD chart today, the intraday price of silver reached $29.84 per ounce yesterday, while the previous yearly high on 12 April was $29.79. The last time this price was seen was in February 2021. It is worth noting that today the price of silver is behaving more bullishly than the price of gold, which is approximately 1.5% below its April high. The main factor contributing to the rise in the price of silver is likely the weakening of the US dollar, as traders expect the Federal Reserve to ease monetary policy. Can the price of silver continue to rise? Analysts are generally bullish. As CNBC reports: → Saxo Bank strategists recently stated in an analytical review that the price of silver could rise to $30, while gold could soon test the $2,400 level. → Analysts at ROTH Capital Partners forecast that the prices of gold and silver will rise even higher in the coming months. According to JC O'Hara, Chief Market Technician, if the price breaks the $30 level, "there will be few resistance levels until the $35/$37 range." Let’s provide more data for a technical analysis of the silver market. The daily XAG/USD chart shows that: → the price of silver is moving within an upward channel (shown in blue); → in April, the price sharply declined after briefly exceeding the upper boundary of the channel (a sign of seller activity); → today the price of silver is again near the upper boundary, which should be considered as resistance; → the psychological level of $30 could also be an obstacle for the bulls; → judging by the RSI, the market may be overbought. Note the history of the XAG/USD chart – in 2020 and 2021, the price of silver already tried to surpass the $30 level but turned downward. It is possible that we will soon witness another bullish attempt at this important "round" price level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen229
XAGUSDthe market broke multiple structure to the upside and possibly change direction Longby richard925Updated 5
Elliott Wave Expects Silver (XAGUSD) Pullback to Find SupportShort Term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91 and dip sin wave (2) ended at 21.94. The metal then extended higher in wave (3) towards 29.79. Pullback in wave (4) ended at 26.02 as the 1 hour chart below shows. The metal has resumed higher in wave (5). Internal subdivision of wave (5) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 27.51 and pullback in wave ((ii)) ended at 26.99. Silver then extended higher in wave ((iii)) towards 28.76 and pullback in wave ((iv)) ended at 27.94. The metal extended higher again in wave ((v)). Up from wave ((iv)), wave (i) ended at 29.18 and pullback in wave (ii) ended at 28.5. The metal extended higher in wave (iii) towards 29.84 and pullback in wave (iv) ended at 29.31. Expect the metal to continue higher to complete wave (v) of ((v)) of 1. Then it should pullback in wave 2 to correct cycle from 5.2.2024 low before it resumes higher. Near term, as far as pivot at 26.02 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.by Elliottwave-Forecast116
✅SILVER SHORT FROM RESISTANCE🔥 ✅SILVER will soon retest a key resistance level of 29.80$ So I think that the pair will make a pullback And go down to retest the demand level below at 25.25$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFx2
XAG/USD has shown strong bullish performance over the past week.Hello Everyone, XAG/USD has performed extremely well bullishly over the last week! At this point we still expect a continuation unless the price the price establishes itself below the 1D PP. TradeWithTheTrend3344Longby TradeWithTheTrend33442
Gold SilverSilver still looks bullish there can't see it going much higher - 25% at most - possibly another liquidity sweep then sell?by Cb98_0
Is silver about to go BONKER!!??Good Day, Fellow traders and followers, IS SILVER ABOUT TO TO GO BONKERS?!?!?!? This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!! First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's actually the handle of the GIANT 40 YEAR cup and handle it has been in. The green lines are the support and resistance areas. Also I have added what seems to be a pattern of 50 bars bottom consolidation that does also happen to resemble a Wyckoff a pattern before a break out. Lets move on to the indicators RSI - I have drawn in a support band for the silver RSI. IT really likes the 46, 50 to 55 level before a break out. Going below here is either very bearish or the best buy in bull market. STOCHASTIC RSI - has had a massive cross recently on which chows momentum coming in to this market. RSI 3 LINES - WOW!! This looks like a serious power play for silver, ever since the RED line crossed down through the GREEN, it found support on the blue and turned right back up in big way!! Also it look like the BLUE could follow suit very soon which would confirm bullish movement for this asset as all the colors would be aligned. THE LAZY BEAR - This one is kind of a no brainer. Breaking out above and holding the 0 level usually leads to big moves higher!! ASO (SENTIMENT) - It looks like there is a 50 bar pattern here and within it could be another 12 bar pattern right before a break out. Please keep in mid every bar is monthly, so what might seem like a small pattern could be a year long. I want to add, I do believe there is a fairly substantial move coming to silver. I'm not sure where it would be going to0, however I do know that the last true resistance is at aprox $35 usd Getting above that on a monthly level could or should lead to NEW ALLTIME HIGHS in short order well above $50 usd to possibly $70 to $80 before a correction. Any Correction at that point would be considered a buying opportunity !! Please like and share this chart to all silver lovers! Also, any questions or comments are welcome down below!! Kind Regards, WeAreSat0shi Longby WeAreSat0shiUpdated 1110
Silver 15m Bull FlagSilver fell back below my trendline, but is forming a bull flag here.Longby AdvancedPlays1
XAGUSD, big pictureXAGUSD is an intriguing chart. It certainly has some catching up to do with gold, with some huge potential gains if this count plays out. First step would be completing a wave 3 in the 47.5-50 range (double top), correction towards 38-40, then a break up towards 70. If this count continues to play out, I think the move towards 50 will be relatively quick, probably by January 2025.by discobiscuit3
Is the Silver to Gold Ratio due to tripleWallStSilver Silver Bugs have had to bear many decades of no euphoric price action Like the saying goes every dog has it's day And in speculation a Bull market in one sector often means another sector get's neglected Things don't move in lock step It's just the nature of speculating/investing which we can't control but also offers us opportunity I believe Silver should be a relative out-performer of most things (not all things) And cheap prices or cheap ratio's tilt the odds in your favour. Longby BallaJi1
Silver to $50On the above monthly chart Silver has corrected over 35% since the year began. A number of reasons now exist to begin accumulation. Why? 1) A ‘incredible buy’ signal prints. See weekly chart below. Not since September 2018 has such a strong signal like this printed. 2) A strong Dragonfly DOJI candle printed with the close of July. This told us $18 was very strong support. 3) Price action is printing within a bull flag. It could be another year before a breakout is seen, however, long positions opened between $18 and $20 should see great returns with the Bull flag Flagpole measuring out at $50. 4) Lastly the monthly Gaussian Channel (below), which has recently changed to green. Prior to publishing this idea confirmation of support on the medium line as in 2009 was required. Is it possible price action falls further? For sure. Is it probable? No. Ww Type: trade, <$20 is fantastic Risk: <=6% of portfolio Timeframe: 1 - 2 years Return: $50 then $150 if $50 becomes support Weekly chart Monthly Gaussian channel Longby without_worriesUpdated 4242114
[XAGUSD] Silver Swing Low RiskOn this commodity, we are at an historical level with a potential huge correction on the next weeks/months. While we are bellow the 30.0 level the scenario is valid, otherwise, if we start to break the last short terme high, I except a move till at least 35.0 very quickly. This trade is a very small risk for a big R:R. If the trade fail, I will then only look into a breakout trade for the 35.0 level and more. Great Trade !Shortby ArnoSG4
SILVER (XAGUSD) POTENTIAL SHORT OPPORTUNITY Hey guys! Just wanted to come on here and post a potential opportunity I see on Silver for a potential short opportunity to higher timeframe demand! Let's dive in! OK so what fueled this idea for me on this commodity was the recent bearish move it made last month when it made the huge attempt to hit 30 oz for Silver and failed to do so driving prices back down to multi-month lows after some time of pause in price. OK now obviously higher TF Silver is of course bullish, and in a demand driven market, so this opportunity is riskier by nature. BUT based on what it did earlier in the month of April I have a feeling there atleast could be some seller follow through to some degree to increase demand in Silver even greater. OK and aside from that we have a nice supply zone that formed around 28/oz in price of Silver and based on how the buyers bring price into that zone we could definitely see another drop. We also see some technical confluence with the golden fib aligning with our zone and our fib extension lining up with higher timeframe demand. Hope this analysis makes sense to you all! Thank you all for tuning in. Please boost and follow my page for more highly accurate trade setups! Cheers!Shortby JosePipsUpdated 15
Silver MoassShorts are now buying copper to cover there over leveraged positions. There will be a squeeze across all commodities. Silver currently testing resistance. Measured move, all time highs. #SILVER #GOLD #COPPER Longby Zia_trades110
Silver follow Gold, Gold go up, Buy SilverProbably too late to buy into silver, but here's the buy in point I'm looking at. Check out my Gold prediction from a few weeks ago. TVC:SILVER TVC:GOLDLongby Savwire11