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. :)
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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!
Silveranalysis
SILVER - where is today support? repeat or not??#SILVER.. perfectly holding his pattern so far as we discussed in our video analysis, watch kneely that pattern ,
its market 3rd time, it will again follow at 3rd time or not,
what ever market done but you should have to keep close your channel area and upside our last day resistance,
if market follow his pattern in that cast you can see again bounce from here, other wise not at all.
good luck
trade wisely
SILVER / XAGUSD Bearish Direction Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist Silver XAGUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Could the Silver Price Hit $100 per Ounce?The silver market has long attracted investors due to its potential for significant returns. Recently, Keith Neumeyer, CEO of First Majestic Silver, has been vocal about his belief that silver could reach $100 per ounce or even higher. This article explores the factors that could drive such a dramatic increase and examines the realism of this prediction.
Historical Context and Recent Performance
Silver has experienced notable gains since 2020, hitting a nearly 12-year high of $32.33 per ounce in May 2024. Neumeyer's prediction of silver reaching $100 per ounce has been discussed in various interviews, including those with Palisade Radio, Wall Street Silver(, and Kitco.
Factors Supporting Neumeyer’s Prediction
1. Market Cycles and Historical Trends : Neumeyer draws parallels between the current market and the early 2000s, suggesting a similar rebound in commodity prices.
2. Supply-Demand Imbalance : There is a significant deficit in the silver market due to increasing industrial demand from technologies such as electric vehicles and renewable energy sources.
3. Industrial Demand : Silver's applications in renewable energy and electronics are growing, with reports from (metalsfocus.com) highlighting a substantial expected deficit in 2024.
4. Potential Catalysts : Major investments, like those from high-profile investors such as Elon Musk, could drive silver prices up dramatically.
Challenges and Consideratio ns
1. Geopolitical and Economic Stability : Factors like the US dollar's strength, Federal Reserve policies, and global tensions will impact silver prices.
2. Market Manipulation : Concerns about manipulation in the silver market could suppress potential price increases.
3. Historical Price Movements : Historical peaks just under $50 per ounce indicate that a significant shift in investor behavior is needed to reach $100.
Expert Opinions and Outlook
Opinions vary among industry experts. While Peter Krauth of Silver Stock Investor shares Neumeyer’s optimism, suggesting silver could eventually reach $300, others like David Morgan and Gareth Soloway see more conservative targets around $50 per ounce in the near term.
Conclusion
While $100 per ounce for silver is possible, it requires a mix of favorable conditions, including a substantial supply deficit and rising industrial demand. Neumeyer presents compelling arguments for a bullish outlook, but investors should consider a broad range of data and expert insights before making investment decisions.
Silver and Gold | Short-term and long-term targetsOANDA:XAGUSD
OANDA:XAUUSD
The past two weeks' price action suggests that we can expect the correction to continue in June for Silver and Gold. After last week's NFP and unemployment rates, the expectation for rate cuts has been pushed a bit further to the last quarter of 2024 which fueled dollar to maintain its strength. On the other hand, if you take a look at the seasonality of Gold and Silver you will notice that June is usually the month for Gold to rest a bit and for Silver to show some correction.
So, In the short term, I would like to see lower prices on silver and gold and personally, I might add some more to my positions. The following are the areas for Silver and Gold which I consider as discount prices if as a long-term investor.
Silver: $27.5 - $28 is a good discount area for silver. But it doesn't mean it would definitely reach this area. I expect another rally from July with a target of $33.6 to $36.4 area.
Gold: $2190 - $2230 is the area that I believe gold will see in the near future. Then we might see another leg up on gold to hit the $2580 - $2650 area.
Silver Idea - $100/oz by the middle of 2026It's quite simple really. If we are in a precious metals bull market, signaled by the most recent breakout in gold and silver, then this is how i expect the next few years to occur in the silver market.
In order for the price to breakout higher, $30/oz is required to be broken first, then $50/oz as the gold/silver ratio breaks down below the indicated 13 year long red support line.
Assuming the arc indicates an approximate timeframe, based on the pattern I'm seeing in the gold/silver ratio, by the middle of 2026 silver should be circa $100/oz. This would only require $3000/oz gold and a gold/silver ratio of 30.
Unveiling the Reasons Behind Last Month's Silver Price Surge Silver, the lustrous metal often overshadowed by its golden counterpart, experienced a remarkable price surge last month. While gold continues to hold a certain allure, it's silver that's been making headlines. Let's delve deeper into the factors that propelled silver to the forefront of the precious metals market.
A Tale of Two Forces: Supply and Demand
The price of any commodity is a delicate balance between supply and demand. In the case of silver, both sides of the equation have played a role in the recent price hike.
On the Demand Side: A Silver Lining
• Industrial Applications Take Center Stage: Silver's industrial applications have been steadily growing, particularly in the green energy sector. Solar panels are a prime example, as silver is a crucial component in their conductive layers. As the world transitions towards renewable energy sources, the demand for silver is expected to rise proportionally.
• A Reliable Ally in Electronics: Beyond solar, silver is a vital element in a vast array of electronic devices. From smartphones and laptops to medical equipment, its conductive properties make it irreplaceable. The ever-increasing reliance on technology further fuels the demand for silver.
• Investment Haven: Investors often turn to precious metals like silver as a hedge against inflation. When traditional currencies lose purchasing power, silver's perceived value can rise, attracting investors seeking a safe haven for their assets.
Supply Under Pressure:
• Mining Challenges: Silver is often mined as a byproduct of other metals, primarily lead and zinc. Fluctuations in the production of these base metals can indirectly impact silver supply. Additionally, stricter environmental regulations can make silver mining more complex and expensive.
• Geopolitical Uncertainty: Global political instability can disrupt supply chains, impacting the flow of silver from major mining regions. This uncertainty adds another layer of complexity to the silver market.
The Perfect Storm: When Demand Outpaces Supply
The confluence of these factors – rising demand from various sectors and potential constraints on supply – has created a situation where demand is outpacing supply. This imbalance is a key driver behind the recent surge in silver prices.
China's Silver Appetite: A Force to Be Reckoned With
China deserves a special mention in the silver story. The world's second-largest economy is a major consumer of silver, with its demand playing a significant role in influencing global prices. China's booming industrial sector and growing investment in renewable energy further amplify its impact on the silver market.
Looking Ahead: A Silver Future?
The future of silver prices remains uncertain. Several factors, including global economic conditions, technological advancements, and geopolitical developments, will influence its trajectory. However, the current trends suggest that silver's industrial importance and potential as an inflation hedge will continue to drive demand.
Beyond the Bling: Silver's True Value
While silver's shiny exterior has always held aesthetic appeal, its true value lies in its versatility. From adorning our bodies to powering our technological advancements, silver is an essential element in the modern world. The recent price surge highlights the growing recognition of this multifaceted metal. Whether silver maintains its upward climb or experiences a correction, its role in the global market is undeniable. So, the next time you see a piece of silver jewelry, remember – it's not just about aesthetics; it's a testament to the vital role this metal plays in our world.
XAGUSD. Weekly trading levels 3 - 7.06.2024During 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!
SILVER (XAGUSD): Important Breakout
I see a confirmed structure breakout on Silver.
The price broke and closed below a key daily support cluster.
Retesting the broken structure, we see a positive bearish reaction to that.
I think that the fall will continue.
Next support - 29.1
❤️Please, support my work with like, thank you!❤️
$XAGUSD Bearish to $26I think generally metal prices are having a pullback at the moment including $XAUUSD. Silver on the weekly timeframe has a support zone @25-26 and if that wont hold then there is a chance to hit 21-22{Least likely though}
Entry now
29.500
SL 30.100
TP1 27.500
TP2 26.100
Alternatively upto 22.
Timeframe : weeks to months
Short-term correction for silver
After strongly breaking the 2020 highs with a large green candle and some growth in volume, the asset is on a steeply sloping trend line that has found rejection in the $32-$31 zone.
This can be seen in the last three red candles, with a shooting star type candle in the middle.
If we zoom in and look at the chart on a daily timeframe, we will see how a double top pattern is being executed.
We can also observe divergences in the Stoch RSI and RSI, both in oversold territory.
A return to the resistance zone of the previous highs can be expected, now probably converted into new support. If you already have a position open, the correct thing to do would be to hold and otherwise open longs when the current correction has finished developing.
DXY Intra Day Play 03.06.2024On the 15 M Chart for the day we are seeing the greenback break out of the descendi trangle wedge to the upside at 104.700.
The market is still waking up from the weekend's pause so there are no major movements to give us clear indication that this continuation will sustain itself other than liquidity sweeps from the previous weeks.
I am keen on seeing this breakout continue as it will give me further conifrnation to enter sells on EUR/USD which has broke below the asian low and has now found itself adncing below the 200ema.
Chart:
I am also keen on seeing this corrolate with Gold and Silver who are also both showing signs of trading below last week's POC levels
Silver:
Gold:
This will make it a rather interesting start to the week,,, especially if the PMI results do come back as forecasted at 49.8 or even stronger this afternoon when the US Market opens up.
Hope you have a great day and that your screens are green.
Let me know what you guys think.
Happy Trading.
SILVER XAGUSD Bearish Side Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist Silver Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
SILVER: Small Corrections And Then Shoots Up! TVC:SILVER
Expecting small correction to our identified area, and a strong bounce from our region is expected. The trend is still extremely bullish however, as we said price is making a correction once it completed and at the rejection we can enter.
**If you like the idea then please like,comment and follow us**
Team Setupsfx_
XAGUSD. Weekly trading levels 27 - 31.05.2024During 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!
SILVER (XAGUSD, SIL1!) Daily Bias... BULLISH!You see we have a bullish BOS, it formed a +FVG, pulled back to the +FVG and the BOS, found
support and rallied towards the highs... forming another +FVG.
The expectation is for price to tag pull back into the +FVG and rally to the buy side liquidity.
If price runs the BSL before pulling back into the +FVG, then the probabilities of prices going
higher are significantly lower.
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.
Silver is about to rally hard. Just look to history.Its simple really.
If the silver/stocks ratio breaks out, in combination with a breakdown of the gold silver ratio, money inflows from both stocks and precious metals investors flows into silver.
The last time this happened, lead to a strong silver rally.
At the moment, we just need to wait for the gold/silver ratio to breakdown below the green line, then its off to the races for silver.