Could the Silver drop from hereThe price is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support level which acts as a pullback support.
Pivot: 29.83
1st Support: 28.81
1st Resistance: 30.73
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAG
Heading into overlap resistance?The Silver (XAG/USD) is rising towards the pivot and could reverse to the 1st support which acts as a pullback support.
Pivot: 30.21
1st Support: 28.02
1st Resistance: 32.08
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the Silver rise from here?The price is reacting off the support level which is an overlap support that lines up with the 127.2% Fibonacci extension and could rise from this level to our take profit.
Entry: 28.78
Why we like it:
There is an overlap support level that lines up with the 127.2% Fibonacci extension.
Stop loss: 27.71
Why we like it:
There is a pullback support level.
Take profit: 29.83
Why we like it:
There is a pullback resistance.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Silver XAG/USD Bearish FlagThe XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 30.11
2nd Support – 29.86
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XAGUSD- silver, waiting for the correction process to continue?!Silver is below EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. If the decline continues, we can see the demand zone and buy within that range with the appropriate risk reward. Stabilization of silver above the resistance range will provide us with the way for silver to rise to the supply range.
With the Federal Reserve beginning its interest rate cuts in September and expectations for this trend to continue, markets are now shifting their focus toward determining the neutral rate. The neutral rate refers to the benchmark interest rate in a normal economic cycle that neither accelerates economic growth nor slows it down.
Federal Reserve officials have emphasized that predicting this rate is currently not feasible. They insist that it is necessary to observe how economic data reacts to each stage of rate cuts before making any conclusions about the neutral rate. Nevertheless, bond market fluctuations suggest that this rate may be higher in the current cycle compared to previous ones. On average, FOMC members estimate a long-term neutral rate close to 3%, although this figure remains uncertain.
According to a recent Reuters survey of economists, the yield on 10-year U.S. Treasury bonds is expected to decline to 4.3% within three months and 4.25% within a year. These figures were 4.25% and 4.1% in the November survey, and 3.8% and 3.75% in October.In a note from Citi, it was stated that demand for gold and silver is likely to remain strong until U.S. and global economic growth stabilizes. Additionally, buying these precious metals as a hedge against declining equity values will persist until U.S. interest rates reach the neutral level.
This week, besides the FOMC’s decision on interest rates, other key economic data will be released. These include the GDP report, the Personal Consumption Expenditures (PCE) index, and the latest findings on consumer sentiment.
Bloomberg has reported that Wall Street’s perspective on the U.S. dollar is shifting. Policies introduced by Donald Trump and further rate cuts by the Federal Reserve in the second half of 2025 could weaken the dollar’s strength. Analysts from Morgan Stanley to J.P. Morgan predict that the U.S. dollar will peak by mid-next year before entering a downward trajectory. Similarly, Société Générale has forecasted a 6% decline in the dollar index by the end of 2025.
Bloomberg also noted that Jerome Powell, the Federal Reserve Chair, is expected to announce another quarter-point rate cut. However, the bigger question is what signals the Fed will provide regarding the future policy path and whether this will heighten tensions between Jerome Powell and President-elect Donald Trump.
Following a full percentage point reduction in borrowing costs since mid-September, Powell and his colleagues are expected to pause rate cuts for now. The Federal Reserve is likely to maintain a holding pattern during its January meeting and reassess inflation and labor market conditions in March.
This approach could lead to friction between the FOMC and Trump’s White House. Known for his preference for low rates and frequent complaints when he feels rates are not low enough, Trump’s arrival in office just over a week before the January meeting may amplify these tensions.
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 30.23
1st Support: 29.66
1st Resistance: 30.95
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
SILVER Potential Long! Buy!
Hello,Traders!
SILVER is going down
Now and is about to retest
A horizontal support level
Around 29.81$ but its a
Strong key level so after
The retest we will be expecting
A local bullish rebound
And a move up
Buy!
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Falling towards 61.8% Fibonacci support?XAG/USD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 30.68
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 29.82
Why we like it:
There is a pullback support level.
Take profit: 32.02
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Silver Set for Rebound: A Promising Long Position StrategyAs we transition from November to December, silver is showing signs of a potential rebound, having touched the demand zone for the second time. This trend indicates an opportune moment for exploring long positions in the market.
Our analysis is reinforced by the latest Commitment of Traders (COT) report, which suggests a favorable sentiment among traders, aligning with our forecasting models. The current pricing dynamics indicate a strong setup for entering long positions as we anticipate continued upward movement.
Investors should keep a close eye on market developments and consider leveraging this momentum for potential gains. The combination of demand zone retests and supportive trader sentiment presents a promising outlook for those looking to capitalize on silver's price movement in the coming weeks.
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Bullish rise?The Silver (XAG/USD) has reacted off the pivot and could potentially rise to the 1st resistance which acts as a pullback resistance.
Pivot: 30.06
1st Support: 27.99
1st Resistance: 32.49
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
$50 Silver"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities
Price target = $50
Fractal backbone + Room in technicals for such move.
Price target was established in June 2021.
Time frame pushed up in anticipation of 2023 bear.
Potential bullish rise?XAG/USD has reacted off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 30.68
Why we like it:
There is an overlap support level.
Stop loss: 30.056
Why we like it:
There is a pullback support level.
Take profit: 32.02
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce off overlap support?The Silver (XAG/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 30.69
1st Support: 29.80
1st Resistance: 31.51
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Silver Moving Up to 37 & 44Weekly chart has a confirmed inverted H/S during the long consolidation from 2020 and 2021 highs, it successfully broke and then tested the neckline at $25.85 and then moved up.
It's possible that 28.3 gets tested if it doesn't hold above the prior wick high at ~30.5.
As long as 28.3 holds, and especially if 25.85 continues to hold, silver should move up to 37 and 44 approximately.