SILVER | XAG | XAGUSD | Longterm ViewSILVER | XAG | XAGUSD | Longterm View last shared around $23 , going good so far..Longby XDataAnalyst2
XAGUSDXAGUSD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?by JustTradeSignals1
XAGUSDLooking Bullish Better than Gold at the moment US CPi is still high and doesn't look like it's going to drop anytime soon why should it it's a vicious cycle. Workers want more Businesses want more Imports cost more Everything costs more all the time always That's the product end result of Central banks so called 2% inflation increase in everything per year, but we all know it's more like 10% if not 20%. BTC is not reliable dodgy as heck maybe long term but u can't count on it too many Whales taking profits smashing down the prices again every time it reaches any new high. The only thing left is Gold and Silver really took it's time to kick in though. : ) Longby NZ_Shareman1
Potential bearish reversalXAG/USD is rising towards a resistance level at 28.515, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit target. Entry: 28.515 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement Stop loss: 29.621 Why we like it: There is a swing high resistance Take profit: 27.308 Why we like it: There is an overlap support 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.Shortby VantageMarkets5
silver setupSilver increased 4.10 USD/t. oz or 17.25% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver is expected to trade at 25.58 USD/t. oz by the end of this quarter. Looking forward, we estimate it to trade at 27.13 in 12 months time.Longby murendi2
XAGUSD SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any Shortby akmalsabran903
XAGUSD, Elliott wave analysis■Outlook of XAUUSD on 3D chart. I think We are in sub-wave 1 of wave (ⅲ). Wave (ⅲ), shown by the orange line, will probably become a 3rd wave extension impulse. If the assumption of this scenario is correct, If it can break through a channel line, it will probably become strongly Bullish. ■Outlook of XAUUSD on 3D chart. Apr 13.2024 ■Outlook of Dow(DJI) on 3D chart. Feb 23.2024 by EWA-tokyo4
XAGUSD: TECHNICAL ANALYSIS.Hello traders, Wave 5 has probably ended at 29.79800 zone. ABC Correction is aimed at getting to 24.90000 zone. Thanks.Shortby MASTERPIECE10113
Silver Oscillating Toward Bearish SelloffGold and silver again are getting held down. Momentum is shifting bearishly as gold tops out again just above $2,000. Gold and silver miners are in a corrective pattern and will likely come down for a few weeks/months before we hit "the bottom" before the breakout. Shortby GunMoneyUpdated 2
Black swan?When we view the price of XAGUSD since 2000, we see an asset which historically has done very well in the event of turmoil. When we had the dot com bubble burst in late 2000 we saw a significant price rally in the metals, Id imagine as people reinvest money as their tech stocks began to fall, does this have correlation with todays NASDAQ? If the NAS continued from todays sell off could we potentially see the same shift of funds? Next we had the GFC in 2008 an historic event which changed the financial health of the economy drastically and we saw historical low interest rates, also during this period silver had a significant climb. 2020 and Covid strikes, another large move in Silver as we saw another catastrophic blow to the worlds economic affairs with crazy spending and debt creation, high inflation period. We then saw this balanced market of consolidation in the silver market, and it appears to be that we have broken this range, however some added confirmation is a plus. Where does this leave us? well statistically the large silver moves above 90% have all been caused by a market event, if we are seeing the beginning of a bull run in silver, which is lagging xauusd currently, we have seen this crazy 20% rise in the price of xau, but silver is following slowly, if we see this balance off and some market price rising over the coming weeks, we could potentially be in the midst of market event. Longby ZenFlo7
Silver Bull Silver will hit ATH and more, just like Gold. Global tensions keep rising, a real economic collapse will be here anytime now. Position accordingly. Longby Sociablebear1
Silver tradeSilver Swing Trade, I expect the High of 30000 to be reached , as a stop I use an important lowLongby REnastere1
Precious metals break outAs mentioned above, one of the markets that has reacted most positively to the reassessment of expectations over US Federal Reserve’s probable rate cut path this year is the US dollar. Following Wednesday’s hotter-than-expected US CPI numbers, the Dollar Index has rallied over 1.7% in a straight line. It is currently trading at its highest level in five months. These gains have been helped along by the sharp jump in bond yields as investors now expect only 50 basis points-worth of rate cuts this year, down from 150 a couple of months ago. Despite this, and proving wrong all those who believe that gold and the dollar are negatively correlated, precious metals have soared. Despite a brief sell-off on Wednesday afternoon, the rally in both gold and silver has been relentless. And that rally stepped up another gear this afternoon. Gold has now risen by 22% in the last two months, having broken above $2,400 for the first time in history. Silver has now jumped 35% over the same period. Silver is now testing levels hit in August 2020 and February in 2021. Time for a breather? You would certainly think so. But all pull-backs have been remarkably shallow so far, which is par for the course in a bull market.by TylerNorcross1
Gold/SilverLess likely to reach the top but still possible... Correlates strongly with Gold so should expect the reversal to be roughly when Silver reaches it's Liquidity Target?Longby Cb98_1
Silver Massive rally done by #Silver now time to going to consolidation or correction zone 30.2/31$ is big hurdles. Close above more upside seen else 1st ween some downside. Shortby Hiren_Vora0
We have take-off! #silverWe have take-off! daily point and figure chart breakout 0.5$ box size. #silverby Badcharts113
SILVER (XAGUSD): Unstoppable Rally & Next Target 🪙 Silver keeps rallying and breaking the historical resistances. The next goal for the buyers can be the structure that is based on the highs of 2020 and 2021. The area that unites these highs also has a psychological level within - 30.0. The underlined blue will most likely reached soon. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader113
Two potential paths in Silver.There are two potential paths, and either one could play out. Either an inpulse pattern or a corrective one. The impulse (black count) should target the $100 level and could even reach the $200 price in a blow-off top. The correction (red count) should target around the $45 price level. Then continue it's path to under $10. It's too early to choose one over the other at the moment.by moneyjeff11
Silver cup-handle macrobullish possibility for silver when JPM.C.BAC cant suppress the short squeeze from event XLongby NovaCrypton2
Silver (XAGUSD) Looking to Extend Higher in a NestShort term Elliott Wave view in Silver (XAGUSD) suggests that cycle from 3.27.2024 low is ongoing as a 5 waves impulse. Up from 3.27.2024 low, wave (i) ended at 25.38 and pullback in wave (ii) ended at 24.73. The metal extended higher in wave (iii) towards 27.33 and pullback in wave (iv) ended at 26.26. Final leg wave (v) ended at 28.32 which completed wave ((i)). Pullback in wave ((ii)) unfolded as a zigzag structure where wave (a) ended at 27.6. Wave (b) higher ended at 28.28 and wave (c) lower ended at 27.51 which completed wave ((ii)). The metal has turned higher in wave ((iii)). Up from wave ((ii)), wave i ended at 28.51 and pullback in wave ii ended at 27.73. Expect the metal to continue higher in wave iii, then it should pullback in wave iv before extending higher again in wave v to complete wave (i) of ((v)). Near term, as far as pivot at 27.5 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.by Elliottwave-Forecast1
SILVER- Bearish TrendThe silver after its rally range bound and is expected to make correction giving short opportunity.Shortby kiki_crypto111