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Silveranalysis

SILVER (XAGUSD) 2 Scenarios Explained 🪙 Hey traders, Silver is currently approaching a year's low. Depending on the reaction of the price to that structure, I see 2 potential scenarios: Taking into consideration that the market is trading in a bearish trend, we will most likely see a breakout attempt 20.46 - 20.66 horizontal support. Its violation and daily candle close below that will most likely trigger a bearish continuation to 19.72. If buyers start pushing from the underlined yellow zone, wait for a bearish breakout of a falling trend line. Its violation will trigger a bullish move to 21.5 level. Wait for a breakout and then follow the market! What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
8
SILVER (XAGUSD) Important Breakout & Bearish Continuation 🪙 Update for Silver. As you remember, traders, we were preparing for a structure breakout attempt yesterday. The price easily broke and closed below 20.44 - 20.94 demand area. The broken structure turned into a supply zone now. I expect a further bearish continuation to 19.69. Consider an occasional retest of a broke structure for entries. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
6
Right Angled Descending Broadening WedgeChart Story here is.. from a Ascending broadening wedge the bears took it down.. and there was a great chance that a Bullish divergence would appear. It did... course went up and so a Descending triangle formation was there to bring the course down again. Because the price then widens a bit on the downside in a sideways move, I consider it a Right Angled Descending Broadening Wedge for now. Besides this pattern, you could probably also make a W pattern out of it but the characteristic of the Broadening wedge is "often", that after hitting the top or bottom 2 or 3 times the price comes back halfway during a rise or fall and then breaks out. these scenario's makes it possible to trade them but in times of macro economic uncertainties at the moment, caution is advised at all times. manage your risks at all times. disclaimer: this is not a financial advise
TVC:SILVER
by Tims.Technische.Analyse.
SILVER (XAGUSD) Your Detailed Trading Plan 🪙 Hey traders, Silver is trading in a bearish trend. After a recent retracement, the market formed a cute head and shoulders pattern on 4H. 21.28 - 21.47 is its neckline. Wait for 4H candle close below that as your confirmation to sell. Then open short aggressively or on a retest. Goals will be 20.93 / 20.7 Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
7
First Majestic Silver Corp - AG | by requestI am flattered to have had a request for a chart. Special thank you to @RocketFuel20 🙂 My view of this chart is that the price action is somewhat inconclusive at the moment. That said, we CAN summarize a theme for which there is evidence to believe that this AG is NOT YET ready to buy: How does the price behave? Following a top, we observe from August 2014 - January 2016 : 1. Failed breakout; 2. a subsequent selloff (collapse tbh); 3. a little rally; 4. another subsequent selloff - after which point we develop a bottom and then takeoff with a legit and very attractive breakout. Notice this series of events takes place over roughly 17 months. Based on where we are today and the 1 - 4 summary provided above, I think it is reasonable to expect some kind of rally in the short term. Will it be the big attractive breakout? I cannot say for sure, but I remain doubtful based on the historical behavior and the "why", which follows: Now we can start to ask why , based on what we observe in in the economy today: Kicking off this post, I mention that the evidence is inconclusive at the moment. To me, $AG is not something I would buy or short, but rather I would wait until we see more of a bottom. Last, the US is raising interest rates, which means that the US Dollar is likely to gain strength (not so bullish for silver - or any precious metal... or any risk asset really). On that note, when the time comes to buy silver, I think you are better suited to buy in the spot market, as opposed to a company that produces silver to sell on the open market. So for right now, the portfolio management question becomes: would you rather own US Debt securities that are paying a guaranteed risk-free rate of return, or would you rather speculate in silver? I personally would not choose to speculate in silver, based on the data we have in this chart. Take care. God bless!
NYSE:AG
by ChiefMacro
2
Silver: CircuitousSilver seems to prefer things a bit more complicated, and thus has made a detour back above the mark at $21.25. However, as long as it stays below the resistance at $22.56, we still expect silver to directly continue the descent below $21.25 and into the lower orange zone between $18.78 and $16.88, where the overarching downward movement should end. There is a 38% chance, though, that silver could expand the detour above the resistance at $22.56. In that case, it should rise until the upper edge of the orange strip between $22.74 and $23.46 before resuming the descent.
COMEX:SI1!Short
by MarketIntel
1
SILVER bullish outlookSILVER managed to break through its consolidation, which formed a triangle pattern on the daily graph, and now is heading for a price increase. Both indicators, MACD and RSI, are also confirming the bullish pattern. If this pattern continues, XAGUSD will probably test its previous high around 26.10 In the opposite scenario, the price might test its previous low at 20.58 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAGUSDLong
by legacyFXofficial
2
Weekly and daily technical analysis for the price of silverWhy was there such a sharp decline in the price of silver in the second half of April and into May? And where could it potentially move next? After taking out last year’s low just below $20.5 per ounce, silver has now slowly, but surely, retraced slightly higher. Now the price of XAGUSD is settled for the time being. Over the past few weeks, the price of silver has settled around $22.0 per ounce. Looking at the weekly chart we have two indicators; the Williams Alligator and a Money Flow Index (MFI). With the Money Flow Index, we see divergence take place with the most recent highs marked out with the blue trend line. While price has played out well with this sharp decline, the MFI is suggesting uncertainty. While there is still plenty of room for more downside, it may be reasonable to expect price the price to consolidate further with the Money Flow Index sitting exactly at the equilibrium. The Williams Alligator uses the intersection of the moving average lines to help identify a trend. In the graph below, we have recently seen the longer term lines cross over the shorter lines. This scenario suggests that the market is signaling a downturn, just as it did before the rapid decline in the price of silver at the beginning of April. From a daily time-frame perspective, $22.5 appears to be a bridge too far for XAG if it does counter the bearish indicators above and muster some upside. A more reasonable bullish target might the closer to the 13-day moving average, at $22.2 per ounce. On the other side of the coin, downside levels to watch include $21.9 and $21.5.
OANDA:XAGUSD
by BlackBull_Markets