Silver LongThis is a high probability setup for the silver for the coming days, wait for short term price confirmation.Longby Vitezabraham2
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 TylerNorcross2
Uptrend still intact with slightly modified uptrend.This is not financial advise & is only for educational purposes. Trade at your own risk as I will not be held responsible for any losses that may happen. Good luck with your trading. Longby RaSantana1
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
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 Sell OpportunitySell Opportunity: The pair presents an enticing sell opportunity at the current price of 30142, with favorable potential for profit. Targets: Primary Target: 29.476 Secondary Target: 28.032 Breakout Scenario: In the event of a breach above the resistance level of 30.928, indicative of a bullish breakout, the target price is anticipated to ascend towards 31.760. Technical analysis indicates a notable selling sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed sell strategy, suggesting downward pressure on the Silver pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.Shortby GODOCM1
SILVER LOCAL LONG| ✅SILVER will soon retest a key support level of 30.10$ So I think that the price will make a rebound And go up to retest the supply level above at 30.60$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx112
SILVER Swing Long! Buy! Hello,Traders! SILVER is going down To retest the strong Horizontal key level of 30.00$ Again and we are locally Bullish biased so we Will be expecting A bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals114
Silver International : Entering Buy Zone . Silver 60 Min chart is in Downtrend at 80 Degree slope (Sign of Reversal at Support zone) Entering Buy Zone . Waiting for Price Pattern to Change HH-HL and candlestick Green. Longby Rohit_PSV3
SILVER Will Fall! Short! Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 31.601. The above observations make me that the market will inevitably achieve 27.300 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 113
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
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
XAGUSD upside target 34.0XAGUSD is currently maintaining a good upward trend, and bulls are performing strongly. At present, we can pay attention to the potential upward AB=CD pattern, with a target position of 34.0.Longby XTrendSpeed4
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
Silver H4 | Approaching pullback resistanceSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 32.26 which is a pullback resistance. Stop loss is at 33.50 which is a level that sits above the 127.2% Fibonacci extension. Take profit is at 30.04 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Short02:37by FXCM1
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 InvestingScope1115
Unveiling the Path: Silver's Journey to $32.7Hello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters200013
Silver uptrend intact & looking good!After overcoming resistance at $34/$34, the next stop is $50 where a substantial correction should take place. Longby RaSantana1
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 $80 before a correction. Any Correction at that point would be considered a buying opportunity !! Please like and share this chart to all silver lovers! Also, any questions or comments are welcome down below!! Kind Regards, WeAreSat0shi Longby WeAreSat0shiUpdated 1110
Short-term selloff in metals expectedI expect we will see copper, gold, and silver being offered the coming days. A short term short in XAGUSD could be a way of profiting from the potential downside. In case you want to short, you can put a stop above the high at around 32.5, and we will define target later. I expect around the 29 level. In case we hit 30, you can move stops to break even to take the risk off. CheersShortby ScienceBasedTradingUpdated 5
✅SILVER TIME TO SELL|SHORT🔥 ✅SILVER will soon retest a key resistance level around 32.50$ So I think that the price will make a pullback And go down to retest the demand level below at 31.60$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx115
The second idea: Silver is a Zigzag correction 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 mehdi47abbasi798
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