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Silver

Bitcoin Holds Support After US CPI PrintThe US dollar is showing a notable downturn after today's CPI figures were released at 3.4%, down from the previous 3.5%. This reinforces market sentiment that the Fed is unlikely to hike rates, especially after comments made by Powell yesterday. This scenario supports a risk-on environment, especially considering the bearish Elliott Wave structure in the US yields, suggesting further declines. This backdrop implies that other assets could rally. For instance, Bitcoin has seen a significant bounce, finding support at crucial trend lines, and can be poised for higher levels if HS neckline near 66k is broken . Similarly, Nvidia and silver also show potential for gains in the coming weeks. However, building intraday trades at this juncture can be challenging due to potential setbacks before the market continues in the direction of dollar weakness. If you found this analysis helpful, please leave a comment below, like this video, and consider sharing for more updates in the future. Grega
CME:BTC1!Long
by ew-forecast
Silver H4 | Resistance overhead?Silver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 28.68 which is a pullback resistance. Stop loss is at 29.15 which is a level that sits above a pullback resistance. Take profit is at 27.63 which is a pullback support that aligns close to 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.
FX:XAGUSDShort
by FXCM
SILVER TO $750 IN THE NEXT DECADE ?This has to be the biggest Cup & Handle Formation in Human History. Holy Smokes. Ok, let's dive into the Fundamentals: 1) Industrial Demand: Silver is essential in various high-growth industries such as electronics, solar energy, and medical devices. As technological advancements continue, the demand for silver is expected to increase significantly. 2) Investment Demand: Economic uncertainty, inflation, or financial crises often lead investors to seek precious metals like silver as a safe haven. 3) Supply Constraints: Silver mining production may face challenges due to factors like depleted mines, increased extraction costs, or regulatory changes. Supply shortages can occur if production cannot keep up with demand, which will ultimately lead to a short squeeze. 4) Monetary Policy and Inflation: Central banks' monetary policies, such as maintaining low interest rates or implementing quantitative easing, can weaken currencies. 5) Green Energy Initiatives: The push for renewable energy sources, particularly solar power, relies heavily on silver for photovoltaic cells. As global efforts to combat climate change intensify, the demand for silver in green technologies is likely to rise, boosting its price. (aka Agenda 2030 - The Great Reset) What scares me about this chart is that it suggests terrible events are imminent. The impact of these events cannot yet be measured, but they will be catastrophic for humanity. Stay Safe and keep stacking as fast as possible, NFA! CYANE
TVC:SILVERLong
by cy4ne
42
SILVER Will Fall! Sell! Take a look at our analysis for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 28.362. Considering the today's price action, probabilities will be high to see a movement to 26.023. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDShort
by SignalProvider
1
Silver ShortTechnical Analysis: Silver has failed to break above key resistance levels multiple times, indicating a lack of bullish momentum. Market Sentiment: There's growing uncertainty surrounding global economic recovery, with concerns about inflation easing and a potential interest rate hike. This could dampen demand for silver as a safe-haven asset. Dollar Strength: The US dollar has been strengthening, putting downward pressure on commodity prices including silver, which is priced in USD. Supply Dynamics: Silver mine production is expected to increase, potentially leading to a surplus in supply. Meanwhile, industrial demand remains subdued due to global supply chain disruptions. Risk-Reward Ratio: With resistance levels holding and fundamental factors weighing on silver, the risk-reward ratio favors a short position at this time. A short signal for silver is recommended, with a focus on managing risk through appropriate position sizing and stop-loss orders.
FX:XAGUSDShort
by realtrademaster
Silver H4 | Approaching resistanceSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 27.63 which is a pullback resistance. Stop loss is at 28.30 which is a level that sits above the 127.2% Fibonacci extension level and a pullback resistance. Take profit is at 26.83 which is an overlap support. 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.
FX:XAGUSDShort
by FXCM
Silver MatrixSilver has been in a downward pointing "shape" with a resistance on the top as a force pointing down, while being supported in a "cup" shaped support that can become resistance on the up if it is broken down. The levels in this project are potential support/resistance zones in the future, where potential pivot points can occur (marked examples in the past). Similar candlestick patterns can also appear near the Big Thick rectangles which are Power Influence Zones, while the slim longer rectangles can direct potential pivot points or temporary consolidation support resistance levels. The smaller rectangles could turn out to be simple milestones in the path of the price. The most important aspect of this project and approach is following the price action near the shapes which can trigger a pivot point signal or a continuation after a break and test.
OANDA:XAGUSD
by nen
6
Strifor || SILVER-07/05/2024Preferred direction: BUY Comment: As noted at the beginning of the week, the prospects for metals are quite vague, but it is still possible to make more assumptions about growth. The nearest serious resistance level is located at 28.69664 , where growth is considered. Both scenarios are depicted in the graph. Scenario №1 is the most likely, and here it is better to enter after breaking through the level of 27.50 , which is local resistance. Scenario №2 assumes growth from the level of 26.50 . It should be noted that scenario №2 is less desirable since the probability of falling below 26 increases. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDLong
by Strifor
1
SILVER Is Going Down! Short! Here is our detailed technical review for SILVER. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 27.564. Taking into consideration the structure & trend analysis, I believe that the market will reach 27.047 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDShort
by SignalProvider
1