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Silvertrade

What will be tomorrow’s gold and silver price?Gold and silver may be looking to make some big moves at the end of this week, as the heavyweight of inflation data is released. US inflation is released on Thursday, and investors will immediately be trying to determine what the results and the subsequent commentary from Fed officials could mean for gold and silver. As it stands, the market is expecting US inflation (YoY to January) to be 7.3%, and for the US Federal Reserve to strongly signal a rate hike of 0.25% in its next meeting, to be implemented in March. More forceful and frequent commentary from Fed officials concerning an initial rate hike greater than 0.25% could significantly move the gold and silver markets. For now, this is a scenario that is largely dismissed when put to Fed officials like Cleveland Federal Reserve President Loretta Mester. However, Atlanta Federal Reserve President Raphael Bostic appears more receptive to the idea, so the possibility of a 50bp hike is definitely on the table, especially if US inflation data records something closer to 8.00%. A more aggressive rate hike of 0.50% from the Fed could have diametric consequences for the price of gold and silver. The direction gold and silver take depends on investors' sentiment concerning whether they believe the Fed is being unreasonably aggressive. Working in tandem, or at least in part influencing the above-mentioned investor sentiment, could be the technical conditions of gold (XAUUSD) and silver (XAGUSD). Golds recent trading pattern has set some clear support and resistance zones. Price levels that should be paid attention to for clean breaks above or below include US $1,831.00 and US $1835.50. Further afield, the levels US $1,825.60 and US $1,838.50, should be kept in the back of traders' minds for extra volatile markets. At the time of writing, XAUUSD is trading at US $1,834.00. An analysis of the price of silver is more complicated without some nice support and resistance levels to reference. We will turn to the moving averages for this metal to find where silver may find some resistance in a bullish environment. XAG is currently trading at US $23.23 per ounce, immediately beneath the 20 and 50-day moving average, which have converged at approximately US $23.25. This is not a strong resistance as the RSI is on the side of some upwards momentum. But it would be prudent to note these price levels in conjunction with the 200-day moving average, which is at US $23.13.
BLACKBULL:XAUUSD
by BlackBull_Markets
Silver can roll back to supportSilver has had a very good start of the year, with the precious metal gaining more than 10% in only 3 weeks. From a technical perspective, the price has started to drop from an important confluence resistance given by the falling trend line and horizontal support and we can have a continuation to the downside in the next days/weeks. 23.50 is now support followed by 21.50 very important one which can also be bears target. A new high above 24.50 would negate this scenario
OANDA:XAGUSDShort
by Mihai_Iacob
6
Silver Price Analysis: Market is heading to 26.00 price zoneA recent Federal Open Market Committee meeting showed that half of its members expected an interest rate hike by 2022. As a result, silver (XAG/USD) has been climbing recently, trading at $23.50 today with an almost 2% gain in one session alone. All these factors aid silver's climb to new heights due to their correlation with gold prices and demand for industrial use. Due to the inflationary pressure in the economy, investors are thinking of reserve safe-haven asset silver. The recent FOMC minutes revealed the pace at which QE will reduce. However, it was announced yesterday that would only be billion dollars cut each year instead of a 20-billion planned initially because inflationary pressures are more substantial than anticipated. Gold and silver are getting a boost from the US stock markets, which is seeing an increase in safe-haven assets. The dollar has seen some weakness recently but remains high due to low-interest rates. Bond investors fear about Europe's economy slowing down further than anyone had expected already with Greece's debt crisis not being resolved yet either. As a result, the USD is weaker against gold and silver. But the USD is still dominating most of the major currencies, except safe-haven currencies like JPY and CHF. Technical View: Right Now, the silver price is holding above descending trendline, the price nearly 23.40. If the H4 candle can close above the 23.50 price zone and descending channel, it may test the 24.00 prices. Breaking above the 24.00 price zone, the next target is the 24.80 price zone. 24.80 is Fibonacci 50% retracement area. So, the market may go for some correction from the 24.80 price zone. But if it doesn't, breaking above 24.80 will open the door for the 25.80/26.00 price zone. I don't think the market will break above the 26 price zone easily unless we see too many adverse U.S. economic reports. On the other hand, breaking below the ascending trendline, the silver price may continue its downtrend again and may test the 21.50 price zone again.
TVC:SILVERLong
by Gold_Trading_Expert
Silver Launch Pad is Being SetSilver has long been a favorite of mine to trade. In the past few months, it has taken a nice breather creating what looks to be a consolidation pattern before an eventual move up. Gold seems to have created a double bottom this past week and I believe Silver is in the process of making a reversal from its recent slide down. f you zoom in on the daily chart, you will see a nice falling wedge reversal pattern forming. In the long run, I still expect Silver to push towards $100, but in the short term, $35 is our next target resistance level.
TVC:SILVERLong
by CryptoSyphn
Silver, XAG/USD - new entry point🔥For the fourth time, the price approached the resistance level. If the price breaks the level this time, I will wait for a retest to open a long position. Let's see! Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
OANDA:XAGUSDLong
by Yuriy_Bishko
8
Silver Multi-Timeframe analysisHi Traders Silver Multi-Timeframe analysis H1 CHART A low probability, entry signal to go LONG was given at 27.118 after the market found support at 26.847 . Only the downward break of 26.847 would cancel the bullish scenario. Support & Resistances 27.039 27.510 26.816 27.652 26.528 27.940 H4 CHART A medium probability, entry signal to go LONG was given at 26.544 after the market found support at 25.863 . Only the downward break of 25.863 would cancel the bullish scenario. Support & Resistances 25.757 30.075 24.683 32.545 20.496 36.732 DAILY CHART The market is approaching the support at 25.888 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 24.160 level. Support & Resistances 25.888 27.912 24.160 30.075 21.884 32.545 WEEKLY CHART Waiting for a retracement lower towards the 21.653 support level, in order to reinstate LONG positions. Next important support is the 18.932 level. Support & Resistances 21.653 30.075 18.932 34.662 16.512 42.844 Every time frame mentioned looks bullish. However, short term on 30 min i see a lot of bearish pressure.
TVC:SILVERLong
by Avramis
2