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Silver downside continuation?Will we see downside continuation in Silver? Platinum broke it's trend with force this session, foreshadowing Silver's drop. If support is found and maintained in the current marked areas, we may see consolidation and stability in price. However, if the obvious trend continues, Silver may want to tag the prices marked below. Gold was choppier than it's metal cousins, but has also seen a steep decline in London trading hours. This is NOT trade advice, simply my observations. Have a nice weekend
COMEX:SI1!
by The_Lioness
silver to 35$ Rate Cut Expectations Hello Traders as I can see Silver Breaks Above $30.19 as Fed Rate Cuts Loom, Eyes $31.76 and $32.52 as Bullish Targets for the Week Ahead. Dollar Weakness and Gold Inflows Propel Silver Higher; Traders Await Fed's Upcoming Interest Rate Decision. Fed Rate Cut Expectations Soar: Markets See 57% Chance of 25-Basis-Point Cut, 43% Chance of a Bigger 50-Basis-Point Cut is moving toward to 35$ range as we can see bull market continues on the base of FFR cut Expectations also technically chart is showing us that the descending Triangle breakout is a clear view to continue Rally till 35$. Silver prices surged last week, breaking above the $30.19 per ounce mark and confirming a bullish trend on the weekly charts. The rally brought key levels of $32.52and $35 into focus. Optimism that the U.S. Federal Reserve is preparing to cut interest rates, coupled with a weaker U.S. dollar and strong gold inflows, fueled silver’s upward move. Dollar Weakness and Gold Inflows Drive Silver Higher. One of the key drivers of silver’s rise was the U.S. dollar’s continued decline, which hit its lowest level of the year against the yen. A weaker dollar typically boosts silver by making it cheaper for holders of other currencies. Additionally, global gold-backed exchange-traded funds (ETFs) saw continued inflows, with the SPDR Gold Trust reaching its highest levels since January. This increased demand for gold also lifted silver prices, as the two metals often move in tandem. Friends its just a trade idea make proper research before entering any trade Support the idea it will help many other traders Stay tuned for more updates ....
TVC:SILVERLong
by APEX_TRADING_ACADMEY
1
Unraveling Silver's Price Puzzle: Volume Profile AnalyticsH ello, As I draft this article, the price of silver is currently hovering above the key level of $31.2. This level is considered "key" because it represents a significant point where large buy and sell forces meet, as indicated by the volume profile at the bottom. The importance of this level is further confirmed by the price action itself. Silver has been in a moderately strong uptrend, as suggested by the linear regression on the candles. However, the uptrend was interrupted at this price, and from September 24 until now, silver has been struggling to overcome the supply and push the price higher. You may observe how volume grows around this level, in a so-called "zone", and decreases as the market moves towards the zone borders. It's both a supply and a demand zone as indicated further by how the price usually returned into the zone after going out from it. Between October 9 and October 14, the market absorbed significant sell forces. Absorption means that there were sellers, but the sum of the buying volumes (what I call buy force) negated the sell force's impact on the price. You can observe it on the chart where relatively tall sell volume deltas belong to candles of the opposite price action - Yellow volume delta candles to green price candles. Furthermore, if you observe it, you can also see that the buy force moved the price upwards against the sales. Additionally, for the first time since September 24, the demand outweighed the supply for a relatively extended duration. Overall, the chart signals that it's an important time for silver's price. The market is in a balanced state where demand matches supply. However, if you look at the trend within this balanced state, you find a moderately strong uptrend. Thus, despite the balance, the trend projects higher prices in the future. Regards, Ely
CAPITALCOM:SILVERLong
by Elysian_Mind
Silver 1D Short Trade : Retracement After Bullish MomentumAfter observing strong bullish momentum in silver over the past few days, the recent price action suggests the potential for a retracement. This setup is based on the daily chart, indicating that silver might be approaching a temporary peak. The anticipated move is towards the 29.800-29.600 area. The trade is not intended to be short-term but rather based on a daily timeframe, which could span several days or even weeks. The key signal for this trade will be if today’s daily candle closes bearish, confirming the weakening bullish momentum and setting up a favorable short trade. Trade Setup: • Entry: Anticipated upon confirmation of a bearish daily close. • Target: A retracement towards the 29.800-29.600 area. • Stop-Loss: A tight stop-loss has been placed to manage risk. This will be adjusted as the trade progresses based on daily price action. Risk Management: Since this is a trade based on the daily timeframe, it’s important to manage the position with the understanding that the trade may take time to develop. The stop-loss is placed tightly to protect against any sudden reversals, but as the trade progresses, it will be adjusted accordingly. This strategy allows for dynamic risk management, where profits can be secured incrementally if the market moves in our favor. This trade idea is built on the expectation of a cooling down period after recent bullish activity. The key will be the daily close, and traders should be prepared to adjust positions based on evolving market conditions. Stay patient, manage your risk carefully, and let’s see how this trade unfolds. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:SILVERShort
by AR33_
Poised for a Historic Breakout Beyond $50The chart represents the price action of Silver (XAGUSD) on a weekly timeframe, spanning multiple decades, from the late 1970s to the present. It shows major price cycles, long-term support and resistance levels, and key price patterns. The chart is designed to highlight a large cup and handle formation that appears to be developing over a long period, potentially indicating a significant future breakout. Cup and Handle Formation: The chart shows the possibility of a "Cup and Handle" pattern. This is a bullish continuation pattern where the price forms a rounded bottom (the cup) followed by a consolidation (the handle) before potentially breaking out to higher levels. The cup started forming after the massive spike in Silver prices around 1980 when it hit all-time highs near $50. This was followed by a prolonged decline over the years, forming the rounded bottom throughout the 1990s. The price of Silver began recovering in the early 2000s, reaching another peak in 2011, followed by another downturn forming the "handle" of the pattern. The breakout zone for this potential pattern is around $48 to $50, which coincides with Silver’s previous all-time highs. Resistance Levels: $50: The most significant historical resistance level, tested during 1980 and 2011, represents a crucial price level. A break above this would signal a major bull run. $30 - $35: This region is a shorter-term resistance zone. The current price action is pushing toward the $30 handle, with minor pullbacks along the way, suggesting consolidation. Support Levels: $14 - $18: There is a strong support range, which Silver tested multiple times in recent years. This level has provided a foundation for upward movements and seems to have formed the lower boundary of the handle. $20 - $22: A more immediate support level that aligns with previous price corrections in 2016, 2018, and 2020. This zone may provide short-term protection for the price in case of a retracement. Long-term Perspective: If the price breaks out of the current resistance levels, the next long-term target could be as high as $80 to $100, based on the magnitude of the cup and handle pattern. Conclusion: This chart on Silver presents a compelling case for a long-term bullish breakout. The formation of a large cup and handle pattern indicates that once Silver breaks above the $50 mark, it could potentially reach much higher levels. However, in the short term, there is strong resistance around $30, where consolidation may occur before another attempt at higher prices. A failure to break these levels could see Silver return to the $20 - $22 support zone.
FX_IDC:XAGUSDLong
by alcoholic-semen-thrower
Silver Major Price Levels and Trend InsightsWelcome to my latest Silver (XAG/USD) technical analysis using Gann grid lines! If you're new to Gann analysis, don’t worry—I'll break it down in simple terms. What Is Gann Analysis? Gann analysis is a method developed by legendary trader W.D. Gann. It combines geometry, time, and price to identify key levels in the market where price action is likely to react. In essence, Gann theory suggests that markets move in predictable cycles and that certain price levels are more significant than others. How Does This Gann Chart Work? In the chart you see above, I've applied Gann grid lines, which create a web of horizontal, vertical, and diagonal lines across the chart. These lines represent price-time relationships and help identify critical levels where Silver’s price might find support or resistance. Each horizontal line corresponds to specific price levels (in US dollars), while the diagonal lines help capture the trend and potential pivot points. Key Price Levels Here’s a breakdown of the most significant levels that you can see marked on the chart: Resistance Levels: 427.5° = $33.49 (Strong overhead resistance). 405° = $32.05. 382.5° = $30.66. 360° = $29.29. Support Levels: 337.5° = $27.95 (Current level, a key area to watch). 315° = $26.64. 292.5° = $25.37. 270° = $24.13 (Major support zone). The numbers next to these levels represent angles or "degrees" in Gann theory, which are important for measuring cycles of price and time. What Do These Levels Mean for Silver? Currently, Silver is trading around the 337.5° level ($27.95). This level could act as strong support, and we could see a potential bounce if buyers step in. However, if the price breaks below this, the next significant support level is at 315° ($26.64). If Silver holds the 337.5° level: We might see a move back up towards $29.29 (360°), followed by $30.66 (382.5°) if the bullish momentum continues. If Silver fails to hold 337.5°: The price could drop towards $26.64 (315°), which is another strong support zone. Diagonal Trendlines and Time Cycles The diagonal lines crossing the chart represent Gann angles, which help forecast turning points in the trend. For example, when price interacts with these lines, it often leads to shifts in direction or momentum. These angles can give clues as to when a price change might occur in relation to both price and time. Conclusion In summary, Silver is at a key inflection point. A bounce from current levels could take the price higher toward $29 and beyond, while a break below $27.95 might lead to further downside. Using Gann analysis helps traders understand not only key price levels but also the timing of potential moves, giving a more complete picture of market dynamics.
OANDA:XAGUSD
by Magic_xD
XAGUSD ( UNDER UPWARD PRESSURE ) ( 4H )XAGUSD HELLO TRADERS Tendency the price trade above turning level at 30.73 , indicates is under bullish pressure TURNING LEVEL : a black line between resistance and support level around 30.73 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a black line above turning level around 31.48 , indicates selling have already increase this level , so if the price trade above turning level reach this level SUPPORT LEVEL : there is a black line below turning level around 30.11, indicates buying have already increase this level , so if the price breaking turning level reach this level PRICE MOVEMENT : first the price will trying to dropping a turning level around 30.73, after rising to the resistance level around 31.48 , then stable above this level reach 32.01 , if the price breaking turning level reach a support level at 30.11 , then stable by open 4h candle above this level reach a 29.50 TARGET LEVEL : RESISTANCE LEVEL : 31.48 , 32.01 SUPPORT LEVEL : 30.11 , 29.50
OANDA:XAGUSDLong
by ArinaKarayi
SILVER (XAGUSD) 04/02/2024Purple Box: Bearish (21.6 - 22.1p/o) Blue Box: Bullish 1.(25 - 25.6) 2.(28 - 28.7p/o) Bullish Scenario Silver's a very under priced metal, I'm thinking because countries are stock piling more gold they should also be doing the same with silver... Prise is finding or has found support above 22p/o and so a push upwards towards 25 is highly probable... If we call our last push down a retrace, we hit 60-70%(discount?) Bearish Scenario There is a high probability of being bullish, but the markets the market and a fall shouldn't be ruled out... A break below the purple box with resistance then found and a fall to 18p/o is likely... (bias change) We could be forming an ascending triangle... So one more rejection of 25p/o and then a full pullback climb to 28p/o or passed.
OANDA:XAGUSDLong
by DENCHMON
1
Silver - One of two (bullish) scenariosOANDA:XAGUSD recently broke a lot of strong, previous resistance towards the upside. Silver, metals in general, are experiencing increasing demand in 2024. Therefore, prices of Gold and especially Silver have been increasing for the past couple of months. Silver broke two major previous resistance levels towards the upside and these two levels are now obviously acting as support. If Silver manages to retest these areas, a bullish reversal will occour quite likely. Levels to watch: $25, $27.5 Keep your long term vision, Philip - BasicTrading
OANDA:XAGUSDLong
by basictradingtv
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.
OANDA:XAGUSDLong
by bryandowningqln
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.
BLACKBULL:XAGUSDShort
by Thief_Trader
Silver at the top of a channel?Silver has been trading traditional fib longs and and extensions in this big bull runup. However, we are very overextended, trading well in excess of big support over the past two days. We are also at a potential top in terms of it trend channel. The risk of a decline in silver is significant, and unlike gold which gives you a clue on the fifteen minutes charts, silver could simply start falling and keep going. Given the lack of bull fib support, I think this is a good spot to take profit and enter a small short position. There is a good chance that we begin the down leg of silver here.
COMEX:SI1!Short
by CeresTrader
1