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XAG

Silver Prices Near Monthly Low Amid Fed's Hawkish SignalsSilver prices (XAG/USD) are experiencing a significant decline, approaching the $22.00 mark, driven by signals from Federal Reserve (Fed) Chair Jerome Powell and colleagues indicating a willingness to implement additional interest rate hikes in pursuit of a more restrictive monetary policy stance. Jerome Powell's recent statements, affirming the Fed's readiness to raise interest rates further to maintain price stability, contrast with the uncertainties expressed by Fed policymakers Mary Daly and Thomas Barkin, who remain unsure about the necessity of interest rate hikes. Concurrently, apprehensions preceding the release of US inflation data for October have contributed to keeping silver prices subdued. As per expectations, the Core Consumer Price Index (CPI) for the month and year is anticipated to exhibit steady growth at 0.3% and 4.1%, respectively. The US Dollar has strengthened in anticipation of inflation data, with a potential drop in the inflation rate to 2% heightening hawkish sentiments at the Fed. The US Dollar Index (DXY) is striving to surpass the immediate resistance level of 106.00. In European trading, S&P500 futures have recorded additional losses, reflecting a risk-averse market sentiment. The yield on the US 10-year Treasury bond has risen to approximately 4.65%. Technical Analysis of Silver Silver prices continue their downward trajectory post a test of the breakdown of consolidation within the $22.37-23.70 range on the four-hour chart. Short-term demand for the precious metal remains muted as it has dipped below the 200-period Exponential Moving Average (EMA), hovering around $22.70. The Relative Strength Index (RSI) (14) has entered the oversold range of 20.00-40.00, signaling the activation of downward momentum.
TVC:SILVER
by Gwen_Humuna
📈 Silver - Surge Continues!🚀Similar to gold, silver witnessed a robust surge last week. On the 1-hour chart since early October 2023, a strong uptrend is evident. With completed Wave 1 and Wave 2, we're currently shaping Wave 3. Before concluding, sub-waves 3, 4, and 5 need completion. Anticipating a short correction next week, I estimate silver might dip to the 23.6% or at most 38.2% level, avoiding an excessive retracement. A price range between $24.67 and $24.14 is plausible before another upward move to the $26.12 level. Subsequently, we may undergo further correction, building Wave 4. 🌟🔥
OANDA:XAGUSDLong
by stromm_by_wmc
XAG/USD on the Rise, Sustaining Upward Momentum Silver prices saw a 0.91% increase on Thursday amid low trading volumes as the Asia-Pacific trading session commenced, holding steady around $23.82. There was little change in the early Friday session as markets in Japan and the United States resumed activities following a break. The daily chart for silver illustrates the gray metal's trend as neutral to slightly bullish, remaining close to the weekly high, potentially paving the way for a test of the $24.00 mark. After overcoming a previous hurdle, the next resistance lies at the highest point on June 9, reaching $24.52 before XAG/USD advances to $25.00. Achieving this milestone would solidify the upward trend, marking the highest point year-to-date at $26.12. Conversely, a decline below the November 23rd low of $23.60 may initiate a test of the 200-day moving average (DMA) at $23.32. If sellers push the price below that level, XAG/USD could shift towards a neutral downtrend, indicating the 20-DMA at $23.13, followed by the 50-DMA at $22.75. This potential downward movement signals a cautious market sentiment and warrants careful monitoring in the coming sessions.
TVC:SILVER
by Larissa-Trader
XAG/USD Maintains Uptrend, Buyers Target $24.00Silver prices increased by 0.91% on Thursday, trading around $23.82 as the Asia-Pacific trading session commenced on Friday. The daily chart indicates a neutral to bullish trend, maintaining near weekly highs, setting the stage for a potential test of the $24.00 level. Once surpassed, the next resistance lies at the June 9th high of $24.52 before potentially reaching $25.00. Breaking through these levels would solidify the upward trend, marking the highest point year-to-date (YTD) at $26.12. On the downside, if XAG/USD drops below the November 23rd low of $23.60, it may test the 200-day Moving Average (DMA) at $23.32. Further decline could lead to a neutral to bearish trend, with the 20-DMA at $23.13 and the 50-DMA at $22.75 as potential support levels.
TVC:SILVER
by Larissa-Trader
1
XAGUSD Sell signal at the top of the Channel Down.Silver / XAGUSD got rejected on Friday at the top of the 6 month Channel Down. Today it is supported by the 1day MA200, which was the Resistance in late September-October. If crossed, we will have a sell confirmation. The typical decline inside the Channel Down has been within -12.12% and -13.21%. Also we spotted a fractal during July-October 2022, which is so far similar to today's and targeted Support A. As a result we have two potential targets. Sell and target initially 22.000 (Support A). If Support A breaks, you can extend to 21.250 (-12.10% from the top). Previous chart: Follow us, like the idea and leave a comment below!!
FX_IDC:XAGUSDShort
by TheCryptagon
XAGUSD Giant Inverse Head & Shoulders makes it long-term bullishSilver (XAGUSD) is one of our favorite assets to analyze on the 1W time-frame, as a result of its high reliability of following long-term patterns. You can see a few examples of such successful trades we made using this time-frame below: This time we have another major pattern forming on the 1W time-frame, an Inverse Head and Shoulders (IH&S), a formation typically found on market bottoms that initiates trend reversals. Interestingly enough, the last two weeks have been ranged within the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line). This high volatility action can be an indication that a major move is approaching. Technically the IH&S patterns can target as high as the 2.0 Fibonacci extension. On such a large time-frame, this target is of course on the long-term. On the shorter-term, we may be seeing the emergence of a Channel Up that aims inevitably at the 3 year Resistance Zone. We are technically at the start of the bullish leg towards that Zone, but a 1W MACD Bullish Cross can only confirm it. Once it does, Target 1 will be 28.750 (bottom of Resistance Zone) and when the Channel Up breaks, Target 2 will be 34.500 (just under the 2.0 Fibonacci extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot
1
SILVER BEARISH OUTLOOKSilver faces challenges due to a combination of factors, including higher real yields, a stronger U.S. Dollar Index, and the potential for panic selling during economic recessions. These elements cast a shadow over silver's performance, despite recent gains linked to the Middle East conflict. Additionally, rising mortgage rates and a weaker housing market could contribute to further pressure on the white metal, as increased rates tend to discourage investment in non-interest-bearing assets like precious metals. Silver's outlook remains uncertain as the economic landscape evolves, with its price likely influenced by the interplay of interest rates, the U.S. Dollar's strength, and broader market sentiment during turbulent economic periods. The technical indicators on the daily chart are still showing bullish signals, but in shorter timeframes like an hourly and 4 hours charts they are starting to reverse. If the bearish trend confirms the price of the instrument might fall to levels of 22.543 and 22.33. In the opposite scenario, the price might reach levels of 23.355 and 23.568. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:XAGUSDShort
by legacyFXofficial
Macro Monday 16~SIlver 2nd in RecessionMacro Monday 16 Silver Performance During and Immediately Post-Recession Over the past few weeks I have heard many financial analysts recommending holding Gold and Silver for protection against a recession scenario or at least holding some bullion as a diversifier or insurance against currency risk. Today’s Silver Chart and Golds Chart from last weeks Macro Monday are aimed at identifying how good these assets performed during the last 8 recessions. Last week we covered how gold performed during the last 8 recessions and discovered that gold provides an average return of +7.3% during recession periods whilst the S&P500 averaged a -35.6% decline. It is important to note that Gold’s price declined by -9.3% and -6.3% during 2 of the last 8 recessions, however it performed better than the S&P500 in both those scenarios during which the S&P500 declined -12.7% and -16.3% respectively. Last week’s chart of Gold demonstrated that it can offer protection during recessions whilst also potentially offering an average +7.3% return over those period. The Chart Interestingly Silver does not appear to be as protective as Gold during recession periods however it appears to make positive moves post-recession which is valuable to know as timing your silver allocation later in a recession cycle could be benefit your portfolio; 1. During 6 out of the last 8 recession periods Silver has declined in price by an average of -9%. - This is a lessor performance to Golds positive average of +7.3% over the same period. - However, Silver declines less than S&P500 which declines on average -35.6% over these same recessionary periods 2. Within a 6 months immediately post-recession Silver has increased in price 7 out of 8 times by an average of +18% (blue areas on chart) - This provides an argument for diversifying a portion of your gold or cash position into Silver late in a recession or at the end of a recession period. - Obviously timing this would be difficult however, if you had a Gold position that increased between +7 – 10% during what you believe to be a recession period, it could be beneficial to start allocating a portion of that position to Silver based on the average +18% potential within 6 months after the recession ends. There is no guarantee of course. The Silver Second Allocation Approach Based on the price history of Gold and Silver over the last 8 recessions there is an argument to not hold silver at the onset and/or during the recession itself (as silver declines -9% on avg during the recession period). At the onset and during a recession Gold has a much better record with an average return of +7.3% however, Silver can offer significant returns in the 6 months post-recession with an average return of 18%, thus as we wade closer to the end of a recession an allocation into Silver could put you on the right side of probability. No Guarantees. The Silver Long Hold Approach Interestingly if you check the data chart which I will share in the comments, you will see that Silvers overall performance (recession periods including the 6 months post-recession period) is positive with an average of +9.1%. In other words, if you held Silver through the recession period and the 6 months post-recession, the average return is 9.1%. Amazing what an additional 6 months of patience can achieve. This is where there is a potential argument to hold silver from the outset of a recession if you intend to hold it that 6 months post-recession. When you check Silvers post-recession performance (6 months post-recession), it can historically increase as high as +50.6% thus a Silver allocation does offer that upside potential that Gold does not. This adds to the Silver Long Hold Approach argument however this has to be weighed against a potential -58.3% decline during the recession period (also evident on the chart as the opposite extreme). Final Word The safety in Gold during a recession is attractive and the post-recession potential return in silver is hard to ignore. Silver can go down or sideways when gold first starts to increase, this has been the case historically and often gold increases for 18 – 24 months before silver really starts to move and catch up (I will follow up this point with a chart). I myself lean towards a later recession allocation to silver, lets say we get a 14 - 20% drop in silver with a 5 - 7.3% increase in gold, this could be a window to start building your smaller silver position from your gold or cash holding but for me, the silver position will always be smaller and allocated late into a recession. I want to emphasize there is no right approach, these are just considerations worth pondering about Gold and Silver portfolio allocations during recessions. The ultimate decision is up to you. I hope both the gold and silver chart provide you with some perspective and help keep you on the right side of probability. PUKA
OANDA:XAGUSD
by PukaCharts
2