XAG/USD - Wedge Breakout (Weekly Forecast Feb 24-28)The XAG/USD Pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 31.25
2nd Support – 30.67
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XAGUSD - How far will silver go?!Silver is above the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. If we see a correction, we can re-enter the silver purchase and accompany it to the ceiling of the ascending channel. Then we can sell within the specified supply zone with an appropriate reward for risk.
In recent weeks, analysts have warned investors that gold prices breaking strongly above $2,800 suggest an overbought market.Therefore, it is not surprising to see some profit-taking finally occurring, especially since gold prices have surged by more than 11% since the beginning of the year.
In contrast, silver has been notably underwhelming. Despite having strong bullish fundamentals, it has not experienced price increases on par with gold. Moreover, silver is more unpredictable, as its volatility is twice that of gold.
In recent days, U.S. President Donald Trump has taken bold steps in trade and foreign relations. On Tuesday night, he announced plans to impose a 25% tariff on imported cars, pharmaceuticals, and semiconductor chips. This decision comes at a time when global markets are grappling with heightened uncertainties, while hopes remain for an end to the Ukraine conflict.
A 25% tariff on imported cars could significantly impact the global automotive industry, which has already been facing challenges. Trump has long criticized what he perceives as “unfair treatment” of American car exports in foreign markets. For instance, the European Union imposes a 10% tariff on imported cars—four times higher than the 2.5% tariff the U.S. levies on passenger vehicles.
Similar tariffs are planned for pharmaceuticals and semiconductor chips, starting at 25% and set to increase significantly next year. However, Trump did not specify an exact timeline for implementation, stating that he wants to give pharmaceutical companies and chip manufacturers time to establish production facilities in the U.S. to avoid these tariffs.
Beyond their immediate impact on specific industries, these tariffs could have long-term repercussions, such as higher business costs and rising prices for consumers. Trump also indicated that he expects major corporations to invest more in the U.S. soon, although he did not provide further details.
Amid these trade developments, Trump has initiated negotiations with Russia, signaling a potential shift in diplomatic relations between the two nations. On Tuesday, senior officials from both countries took steps toward rebuilding ties, agreeing to collaborate on ending the Ukraine conflict, increasing financial investments, and restoring diplomatic relations. This meeting marks a significant shift following three years of U.S. efforts to isolate Moscow.
Meanwhile, a massive influx of gold and silver has entered the U.S., as major banks and market players hedge against potential tariff threats. This surge in demand has driven up gold and silver prices, creating notable premiums in North American markets. However, a research firm argues that concerns over tariffs may be exaggerated.
In a report by BCA Research, commodity analysts revealed they had taken a short position in silver as a contrarian play against tariff fears.
They stated, “There is a strong likelihood that the U.S. will not impose import tariffs on gold, silver, platinum, or copper. There is no compelling economic or political motivation for the U.S. to take such action.” They added, “Since the recent surge in precious metal prices has been driven by tariff concerns, investors may react negatively to these price increases.”
BCA also noted that if the U.S. were to impose tariffs on gold and silver, they would likely be introduced alongside steel and aluminum tariffs.
Analysts concluded, “The silver market is relatively shallow and less liquid, making it more vulnerable to short-term price declines than gold. However, any short-term weakness presents an attractive opportunity for cyclical and structural positioning in this precious metal.”
SILVER Growth Ahead! Buy!
Hello,Traders!
SILVER made a bullish
Breakout of key horizontal
Level of 32.60$ and the
Breakout is confirmed
Which combined with the
Fact that Silver is trading in
A strong uptrend makes us
Bullish biased and we will
Be expecting further growth
Buy!
Comment and subscribe to help us grow!
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ehereum x silverCRYPTOCAP:ETH x NASDAQ:XAG 🔃
Bitcoin is digital gold, Ethereum is digital silver!
CRYPTOCAP:BTC is gradually moving towards the market value of TVC:GOLD , then the same applies to eth silver and this is inevitable.
It should not be forgotten that crypto dynamics move faster and it will not take long for the market cap gap to be closed.
Bearish drop?XAG/USD is rising towards the resistance which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 32.00
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 32.53
Why we like it:
There is a pullback resistance that lines up with the 127.2% Fibonacci extension.
Take profit: 31.46
Why we like it:
There is a pullback support level which is a pullback support
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Bearish reversal off 61.8% Fibonacci resistance?The Silver (XAG/USD) is reacting off the pivot which is a pullback resistance and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 32.55
1st Support: 29.97
1st Resistance: 34.87
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 Risky Long! Buy!
Hello,Traders!
SILVER is making a local
Bearish correction but
Silver Is trading in an uptrend
So after the retest of the
Horizontal support below
At 31.58$ a local bullish
Rebound is to be expected
Buy!
Comment and subscribe to help us grow!
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Bullish bounce off overlap support?The Silver (XAG/USD) is falling towards the pivot which is a pullback support and could bounce to the pullback resistance.
Pivot: 31.73
1st Support: 31.20
1st Resistance: 32.55
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.
XAGUSD - How far will silver go?!On the 4-hour timeframe, silver is above the EMA200 and EMA50 and is moving in its ascending channel. If the correction continues, we can see a demand range. We can buy in that range with an appropriate reward to risk.
Gold demand in China is showing signs of a strong rebound, even as the physical flow of gold from the UK to the United States continues. Meanwhile, analysts at Heraeus Precious Metals have indicated that there is evidence suggesting that the growing demand for silver in the solar industry may have peaked.
Last week, both the Federal Reserve and the European Central Bank acted in line with market expectations. The Federal Reserve decided to keep interest rates unchanged, while the European Central Bank implemented a 25-basis-point rate cut.
Regarding silver, Heraeus analysts questioned whether China could sustain its rapid growth in the solar energy sector. They reported, “The total installed capacity of photovoltaic (PV) panels in China reached 886.66 gigawatts in 2024, marking a 46% increase compared to the previous year.
This 277-gigawatt expansion exceeded industry forecasts and surpassed China’s own 2024 capacity projections by 17 gigawatts. However, while this growth is remarkable, it falls short of the record 54% increase seen in 2023, following a 28% rise in 2021. This trend suggests that China may be approaching its peak photovoltaic capacity growth.”
The analysts also noted that, over the past two years, rapid solar energy growth has been driven by unprecedentedly low photovoltaic module prices, largely due to intense competition among manufacturers. They explained, “However, in 2025, polysilicon producers (GCL and Tongwei) have agreed to limit their production, while solar module manufacturers (Jinko, JA Solar, and Canadian Solar) have reached a minimum pricing consensus to restore profitability. This could drive up the price of solar modules, leading to higher capital costs for projects.”
They added, “Projections indicate that 232 million ounces of silver were used in 495 gigawatts of photovoltaic applications in 2024. If installation rates remain steady year-over-year, solar demand for silver could reach a record 270 million ounces in 2025, an increase of 39 million ounces.”
Meanwhile, U.S. Treasury Secretary Scott Bassett announced that the Trump administration is focusing on reducing the yield on 10-year Treasury bonds rather than the Federal Reserve’s short-term interest rate cuts. Over the weekend, Trump remarked that the Federal Open Market Committee’s decision not to cut interest rates was a “good” move, indicating his emphasis on 10-year yields.
This policy could contribute to financial stability and help control inflation. However, some analysts have warned that Trump’s measures, along with spending cuts by his ally Elon Musk, may not have a significant impact, as a large portion of U.S. government expenditures remains allocated to healthcare, social security, and defense.
According to a report by The Wall Street Journal, economists at Morgan Stanley no longer anticipate that the Federal Reserve will lower interest rates in March. They now predict only one rate cut in 2025, expected in June. As Morgan Stanley stated, “The implementation of tariffs earlier than expected is likely to halt the downward inflation trend at a higher level, making any short-term rate cuts impossible.”
Bullish momentum to extend?The Silver (XAG/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 30.83
1st Support: 30.488
1st Resistance: 31.62
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.
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Bullish momentum to extend?XAG/USD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 30.96
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 30.48
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 31.63
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.
XAGUSD - Silver on the verge of a big week?!Silver is trading in its ascending channel on the 4-hour timeframe, between the EMA200 and EMA50. If the correction continues, we could see a break of the channel bottom. A consolidation above $30.8 would provide a path for silver to rise to the supply zone, where we can sell at a risk-reward ratio.
According to the annual report by StoneX Financial, silver has been highlighted as one of the top-performing metals among both precious and industrial metals in 2025.Benefiting from its dual nature as a monetary and industrial asset, silver is set to gain from rising gold prices and strong industrial demand. In the report, Rhona O’Connell, Head of Market Analysis at StoneX, and Natalie Scott-Gray, Senior Base Metals Analyst, forecasted that silver, alongside copper and tin, will outperform other metals in 2025.
Despite strong performance in 2024, with a 22% growth, silver is expected to continue its upward trajectory in 2025 as the top-performing metal. This projection is based on robust market fundamentals and promising future prospects that have attracted the attention of investors. Part of this growth stems from the long-term outlook for the solar industry, although new U.S. government policies might slow this trend.
Investment in silver is expected to remain strong, potentially even outpacing gold. While gold is predicted to peak this year, silver is anticipated to keep growing, with a price target of $33 by the end of 2025.
Copper and tin have also garnered attention due to their critical roles in the transition to green energy and digitalization. On the other hand, aluminum has been identified as a metal requiring cautious investment.
The report notes that silver has historically been recognized as a precious metal due to its history as a form of currency and its use in jewelry. According to the authors, “Silver’s relationship with gold has always played a key role in its price behavior, but in reality, this relationship is more complex.” They added, “Throughout much of last year, silver behaved like a precious metal during bullish trends and like a base metal during bearish ones. Statistical analysis confirms this. During U.S. economic recessions, silver’s price performance and correlation with gold and copper show that, more often than not, silver traded more in line with copper than gold. In inflationary periods, the opposite was true.”
StoneX attributes this to two primary reasons. They explained, “Firstly, the nature of silver’s supply, which is predominantly derived as a byproduct of base metals or from industrial scrap, prevents it from having a clearly defined equilibrium price in the market. Secondly, a small group of investors sees silver as an accessible way to capitalize on gold’s price volatility.”
They highlighted that “President-elect Trump’s suggestion that Mexico and Canada could face tariffs was enough to unsettle the market, even if these were likely negotiating stances rather than definitive decisions. Mexico accounts for approximately 25% of U.S. silver imports, and Canada accounts for 10%. Just the idea of such tariffs was enough to drive silver prices higher. However, as is often the case with silver, this movement was short-lived. This metal remains one of the most vulnerable to rapid and reactive price swings and should always be approached with caution.”
They concluded, “Silver will continue to respond to any significant activity in the gold market and will also see further transitions this year due to the ongoing fundamental investment deficit growth. While it may face headwinds from European recession and potential oversupply of solar cells, its long-term outlook remains bright, likely continuing to attract investors and speculative funds.”
Meanwhile, Lee Hardman, an analyst at MUFG Bank, noted that the depreciation of the dollar, following Trump’s statement that he would “prefer” not to impose new tariffs on China, might be limited. He argued that Trump is still likely to implement higher tariffs.
Trump has called for lower interest rates and a weaker dollar to support the U.S. economy. However, his policies of higher tariffs, stricter immigration controls, and tax cuts, if enacted, “are likely to bolster U.S. yields and the dollar for a longer period.” In an interview with Fox News, Trump stated that he “prefers” not to impose new tariffs on China, suggesting the possibility of a trade deal.
XAGUSD POSSIBLE TRADE SETUPPotential Trade Setup on XAGUSD
The price just got rebounded from a very strong resistance, just to go back and retest the range bottom (support) zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at $30.953.
You may find more details in the chart!
Thank you and Trade Responsibly!
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Heading into 61.8% Fibonacci resistance?XAG/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 30.64
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 30.91
Why we like it:
There is a pullback resistance level.
Take profit: 30.10
Why we like it:
There is a pullback support level.
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.
XAGUSD - Silver Awaiting Higher Numbers?!On the 4-hour timeframe, silver is above the EMA200 and EMA50 and is moving within its ascending channel. If the correction continues, we could see the channel bottom. A consolidation above $31 will provide us with a path for silver to rise to the supply zone, where we can sell with a risk-reward ratio.
South West Pinnacle Exploration Ltd JV has announced plans to commence exploration for copper, gold, and silver in Block 22B in Oman. The company has signed a concession agreement for this block, which is believed to hold significant potential for further mineral discoveries.
Despite some challenges, Hansen, Head of Commodity Strategy at Saxo Bank, holds a more optimistic view on silver due to its dual role as a monetary and industrial metal. He stated, “In 2024, increased industrial demand contributed to a physical deficit in the silver market. Sectors such as electronics and renewable energy, especially photovoltaic (solar) technologies, played a major role in driving this demand.”
Hansen predicts that steady industrial demand will keep silver in a supply deficit heading into 2025. This deficit could be further exacerbated by rising financial or “paper demand” through financial instruments like exchange-traded funds (ETFs). (“Paper demand” refers to financial transactions without physical backing, such as futures, options, or ETFs, as opposed to physical commodity purchases.)
Hansen also forecasts that silver will continue to outperform gold, expecting the gold-to-silver ratio to decline from the current level of 88 to around 75. His positive outlook on silver aligns with his broader perspective on the commodities market, where he sees greater potential for metals linked to the electrification of the global economy compared to those tied to construction.
He elaborated: “Among industrial metals, we maintain our long-term positive outlook on those that support the energy transition, particularly copper and aluminum. These metals are crucial for investments in power grids and the rapid expansion of renewable energy installations, including electric vehicles, solar panels, and wind turbines. On the other hand, we see limited potential for metals like iron ore and steel, which are heavily reliant on construction sector demand.”
Meanwhile, trade tensions between the United States and China, which escalated early in Trump’s presidency, appear to be easing. Many major companies, including Nike, Amazon, and Apple, stand to suffer significant losses if tariffs are increased. On the other hand, China has indicated that it is prepared to take retaliatory measures against any new tariffs, which could push Trump toward negotiation rather than confrontation.
In response to Trump’s threat of imposing new tariffs on Chinese goods, China’s Ministry of Commerce stated: “China is willing to work with the United States to promote the sustainable and healthy development of economic and trade relations.”