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Silveranalysis

Silver - the next gold?Hello Friends 😁 After the peak in April 2023, it OANDA:XAGUSD has been declining throughout the year until now. I assume that this is a complex correction. In the A-B-C-W-X-Y correction, there is a nice A-B-C-D-E correction. The E wave should have completed the entire correction, and ideally, it should not fall back to the previous level. I believe we are in a minor Wave (ii) of an encircled Wave iii. I expect that after the small correction that is coming now, we will see an increase to at least $25. Bye 🫡
OANDA:XAGUSDLong
by stromm
Waiting for Silver. This idea uses Wyckoff theory, Dao Theory and modified Fibonacci. Currently sitting at a range, prices are being pushed down to a better buying zone before takeoff. Sold at the -0.383 level shown and it's looking for its proportionate "mirror image" at the 0.382. If prices move below the 0.5 level this idea should be recalibrated. The price is moving a bit up and was bought just before the 0.236 level at 22.49. It didn't really touched that level and that usually happens when price is going lower still. At the moment sit tight and wait for a better entry price at 22.175.
COMEX:SIZ2023Long
by drporta
Silver 4H achieving noticeable gainsThe price of silver ended yesterday's trading with a noticeable positive note, breaching the 22.25 level and settling above it, providing signs of an attempt to return to the upward path, but we note that the technical indicators provide negative signals that may pressure the price to decline again. Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that continuing the rise and breaching 22.55 will push the price to achieve further gains and test the 22.89 level initially, while trading below 22.25 again will reactivate the scenario. The downtrend whose next main target is at 21.60 . Pivot Price: 22.25 Resistance prices: 22.89 & 23.33 & 24.17 Support prices: 21.60 & 20.75 & 19.95 The general expected tendency for today: neutral
TVC:SILVER
by Evar_Mayi
7
Silver is trading within descending channelFrom the start of the month may XAGUSD/Silver is in downward movement after forming a double top formation. Ever since this drop its forming clear descending channel. Within this bigger trend formation We can see some rising wedge formations which is indicating the upcoming bearish trend until this trend gonna breakout. The price is currently below 50% Fibonacci level. In Elliot wave analysis currently larger third way is under formation.
OANDA:XAGUSDShort
by forexorbit
XAG SILVER Neowave - Elliott Wave Theory Analysis (Medium Term)Silver is forming a potential diametric structure in the medium term and the second phase of this structure has begun. The potential route I expect the price to follow is indicated in the image (with dotted lines). The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that, the structure will be completed with the rise of f and the fall of g. With the completion of the structure, I think we will enter a prolonged bull market. Maybe a short but sharp rise in time, or a market period spread over time... We will analyze this in the sequel. Your support is important for me, I can say it is a source of motivation. So thank you for that.
OANDA:XAGUSDShort
by up_neowave
3
BluetonaFX - SILVER Range Zone SHORT to SupportHi Traders! Silver continues to trade in the range zone as it cannot break above the 23.765 resistance area. Price Action 📊 The current price action looks bearish. Market highs and lows have started to become lower due to numerous price rejections around the 23.765 level. The market also recently broke and closed below the 20 EMA, and there are opportunities to use the EMA as a focus point to sell rallies. Fundamental Analysis 📰 Ultimately, precious metals in general got hit this week, as the US dollar has rebounded quite a bit. Additionally, interest rates in America are picking up, which has offered a bit of a reason for investors and speculators to start selling precious metals.   Support 📉 22.292: PREVIOUS DAY'S LOW 20.678: 4 WEEK LOW Resistance 📈 22.838: PREVIOUS DAY'S HIGH 23.765: RANGE ZONE RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly.
CAPITALCOM:SILVERShort
by BluetonaFX
1
Silver's Potential Head and Shoulders Formation Points to $25.00What a beautiful Heads And Shoulders is forming on Silver Chart ?! I've identified an intriguing development on the Silver chart, with a potential Head and Shoulders pattern in the making. Currently, we find ourselves at the second shoulder, marked around the 23.000 levels. If Silver manages to breach the critical 23.800 resistance, it could set a course for a significant upswing towards the coveted $25.000 mark. As we navigate the coming week, be mindful of economic events that might act as catalysts, bolstering the bullish momentum on the commodities charts. Stay tuned for potential price action that could propel Silver to new heights.
TVC:SILVERLong
by scipheord
Silver Local BuyGood evening everyone! Don't forget to put your thumbs up and write comment if you like the idea. The price can continue its decline only if the conflict in the East is resolved, and it seems that I see that the conflict is still standing in one place (maybe I’m wrong) But the point is different. The Fed will no longer raise rates, this will affect the growth of precious metals, so it is advisable to gradually cover shorts and gain longs. In general, I now expect an impulse decline in the asset tomorrow on the news and then further growth
OANDA:XAGUSDLong
by airstels
Silver I Potential upside Hello,Traders! . . . . . XAGUSD (Silver) is trading in a downtrend on the daily and sitting right below the 50 MA. After the recent decline and consecutive rejection at 20.73, price has been pushing upward in an impulse, correction phase. It is currently rejecting the 32% fib after the impulse rise from 21.77. All signs are pointing to more upside at the moment with a potential target to resistance 23.50 Trade safe and good luck! Like, comment and subscribe to help us grow! Check out other forecasts below too!
FXOPEN:XAGUSDLong
by BKTradingAcademy
2
Macro Monday 16~SIlver 2nd in RecessionMacro Monday 16 Silver Performance During and Immediately Post-Recession Over the past few weeks I have heard many financial analysts recommending holding Gold and Silver for protection against a recession scenario or at least holding some bullion as a diversifier or insurance against currency risk. Today’s Silver Chart and Golds Chart from last weeks Macro Monday are aimed at identifying how good these assets performed during the last 8 recessions. Last week we covered how gold performed during the last 8 recessions and discovered that gold provides an average return of +7.3% during recession periods whilst the S&P500 averaged a -35.6% decline. It is important to note that Gold’s price declined by -9.3% and -6.3% during 2 of the last 8 recessions, however it performed better than the S&P500 in both those scenarios during which the S&P500 declined -12.7% and -16.3% respectively. Last week’s chart of Gold demonstrated that it can offer protection during recessions whilst also potentially offering an average +7.3% return over those period. The Chart Interestingly Silver does not appear to be as protective as Gold during recession periods however it appears to make positive moves post-recession which is valuable to know as timing your silver allocation later in a recession cycle could be benefit your portfolio; 1. During 6 out of the last 8 recession periods Silver has declined in price by an average of -9%. - This is a lessor performance to Golds positive average of +7.3% over the same period. - However, Silver declines less than S&P500 which declines on average -35.6% over these same recessionary periods 2. Within a 6 months immediately post-recession Silver has increased in price 7 out of 8 times by an average of +18% (blue areas on chart) - This provides an argument for diversifying a portion of your gold or cash position into Silver late in a recession or at the end of a recession period. - Obviously timing this would be difficult however, if you had a Gold position that increased between +7 – 10% during what you believe to be a recession period, it could be beneficial to start allocating a portion of that position to Silver based on the average +18% potential within 6 months after the recession ends. There is no guarantee of course. The Silver Second Allocation Approach Based on the price history of Gold and Silver over the last 8 recessions there is an argument to not hold silver at the onset and/or during the recession itself (as silver declines -9% on avg during the recession period). At the onset and during a recession Gold has a much better record with an average return of +7.3% however, Silver can offer significant returns in the 6 months post-recession with an average return of 18%, thus as we wade closer to the end of a recession an allocation into Silver could put you on the right side of probability. No Guarantees. The Silver Long Hold Approach Interestingly if you check the data chart which I will share in the comments, you will see that Silvers overall performance (recession periods including the 6 months post-recession period) is positive with an average of +9.1%. In other words, if you held Silver through the recession period and the 6 months post-recession, the average return is 9.1%. Amazing what an additional 6 months of patience can achieve. This is where there is a potential argument to hold silver from the outset of a recession if you intend to hold it that 6 months post-recession. When you check Silvers post-recession performance (6 months post-recession), it can historically increase as high as +50.6% thus a Silver allocation does offer that upside potential that Gold does not. This adds to the Silver Long Hold Approach argument however this has to be weighed against a potential -58.3% decline during the recession period (also evident on the chart as the opposite extreme). Final Word The safety in Gold during a recession is attractive and the post-recession potential return in silver is hard to ignore. Silver can go down or sideways when gold first starts to increase, this has been the case historically and often gold increases for 18 – 24 months before silver really starts to move and catch up (I will follow up this point with a chart). I myself lean towards a later recession allocation to silver, lets say we get a 14 - 20% drop in silver with a 5 - 7.3% increase in gold, this could be a window to start building your smaller silver position from your gold or cash holding but for me, the silver position will always be smaller and allocated late into a recession. I want to emphasize there is no right approach, these are just considerations worth pondering about Gold and Silver portfolio allocations during recessions. The ultimate decision is up to you. I hope both the gold and silver chart provide you with some perspective and help keep you on the right side of probability. PUKA
OANDA:XAGUSD
by PukaCharts
2