Silver vs Spx QuarterlyYou see, the #Silver bull era only starts once it breaks out versus #Spx. That moment is close, but has not happened yet. Still very early, not sure most understand this.by Badcharts7
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 SforShirazUpdated 112
SILVER: Weak Market & Bearish Forecast Balance of buyers and sellers on the SILVER pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals114
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
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
XAGUSDPair : XAGUSD ( Silver / U.S Dollar ) Description : Double Top as an Corrective Pattern in Short Time Frame Resistance Level Break of Structure RSI - Divergence Completed " 12345 " Impulsive Wavesby ForexDetective4
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 WiLLProsperForex1
Strifor || SILVER-23/05/2024Preferred direction: BUY Comment: After yet another historical and local record for metals , this market began to correct faster than currency pairs. In silver , in particular, we have recorded a local maximum and are now confidently moving towards the support level of 29.77800 . Near this level, we consider long according to scenario №1 , taking into account the context. We also do not exclude scenario №2 , which involves buying at the 29.00 level. In both cases, we do not consider the target above the level of 31.80 , where this correction started. 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 334
Silver FailSilver failed hard today, had a small short term position get wrecked. Still don't think it's over, but that pennant break the downside is rough. I'll be watching for a retest of the major trend line it broke for another long on it.Longby AdvancedPlaysUpdated 3
XAGUSD Possible to Reach $300 to $400. Channel Top.Silver / U.S.Dollar is Possible to Reach Channel Top, if it Breakout above the Resistance level. One of the main reason is that Resistance level Breakout after 44-years. So Expect Wild movement in a Bullish Trend. Target is the Channel Top, and the Price is $300 to $400 Dollar, it depends on the Time. I want to help people to Make Profit all over the World.Longby SasikumarMani1
Primary count remains this one...last one was bearish alternateI still remain boolish... but want to make sure we are all aware of bearish alternate counts....this is my primaryt count for silver.Longby ConservativeOne11
Silver Prices Poised for Bullish Rise as Key Indicators AlignHello there, Technical Outlook: Silver prices have been hovering above the 29.982 mark, and need a close watch over the RSI for signs of a potential bullish trend. If the silver price manages to pull above the RSI moving average and surpass the 50 level, it could signal a proper bullish rise soon. The current market conditions have also challenged the Elliott Wave theory's fourth wave, which suggests that the price may be consolidating before a potential upward move. The 72-day exponential moving average (72 DEMA) is another key indicator that suggests an overall bearish market, so it's a high-risk setup. Fundamental Summary: Silver prices are up 1.5% to $30.58 per ounce. The outlook for silver is uncertain due to the Federal Reserve's plans to raise interest rates. The US economy is looking strong, which could affect silver prices. Investors are watching the US dollar and a key economic indicator called durable goods orders. The overall outlook is uncertain, but silver prices are currently up 20% since the start of the year Happy Trading, K.Longby KhiweUpdated 1
silver vs spx weeklyHere's the setup for #silver to run up over 50% in a few months and recapture the mythical 50$ mark.by Badcharts1
Tea cup/ Gold cup setup on XAGUSD (Silver)1. Order block with unbalanced fair trade gap identified in the green. 2. Wedge broken. 3. Price is anticipated to break 50 McGinley line average. Longby thethefrom3Updated 7
Inverted H&S' on Silver Chart2 Inverted Head & Shoulders - possible trend continuation until final target.Longby onur-simsek2
Strifor || SILVER-21/05/2024Preferred direction: BUY Comment: A long with little potential can be considered for silver in the next 1-2 days . Let us remember that earlier we also considered purchases near the level of 30.50-31.00. These trades were closed with profit and can be viewed in the profile. Just like with currency pairs, here we are considering a small potential for strengthening against the US dollar against the backdrop of previous transactions. We are considering both scenarios presented on the chart for entering a long position, but still the more probable scenario №1 , which assumes maximum growth from current prices. In any case, a target above the level of 33.00 is not considered for today. 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 118
SILVER to reach $35 around mid of June 2024SILVER to reach $35 around mid of June 2024, we have a breakout of multi year resistance, and supply deficit, short term let's aim $35, longer term see if we can break ATH $50?Longby Propro20204
XAG/USD buys?Chose to cancel my initial entry at the 75% retracement however manually entered at market open for the week. Reasons for entering trade price retraced to my 75% level. Price was in a demand areaLongby Dieumercit1
Silver 4hrSilver has tested support of $30 and now looks ready to move higher! All time frames look bullish. For higher timeframe analysis please check my other chart. THIS IS NOT FINANCIAL ADVICE Longby SpaceCadetAcademy1
Silver AnalysisSilver forecast ----------------------------------------------------------------- Dear traders, silver reached, and respected 38.2% fibbo level full wave, and respected the 61.8% level fibbo of the last wave from Thursday till Friday. We have to scenarios, first breakout the weekly low 30.05 and go to the next support level, or correction on the full wave till 50% fibbo (Supply Zone). waiting for more confirmations to take our setup.by Hassanberjawi9
XAGUSD. Weekly trading levels 10.06.2024 - 14.06.2024During 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_Hoby0
More upside possible on XAGUSD, Fundamental & Technical AnalysisFundamental: The past two months we've been seeing consistent growth in long positions, short positions on the other hand haven't been experiencing the same consistency with the amount lowering. The Net Position is positive and has been growing consistently the past two months. Open Interest is positive and growing in the sentiment, Total OI has been growing consistently for the past two month but we've seen a drop with the last report. COT Report: cot-reports.com Technical: On the daily time frame we're trading above the EMAs while at the time having the 5 EMA cross up the 20 EMA. Momentum is positive while at the same time having the stochastic pointing up and going over the 50% mark Target/Stop: I'm targeting the highs with a Stop under the lows.Longby IateyourcroissantUpdated 0
what could it be 2 days bounce prior non farm payroll and 10 year yield lower. i am selling it. how is jumping in it?Shortby coreinflationrateyoyUpdated 111