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XAG

Silver approaching Target 2 at .618 FIBSince losing market structure support in the $21.50- $22.35 area, Silver has been sliding downward to the 0.5 FIB level. After a few tests of this level (approx $20.80) price action declined down to the .618 FIB Level and with in roughly 0.30 of my 2nd target. Price action has began to form a channel now with multiple lower touch points. As long as the dollar continues to strengthen (against other currencies) it's likely we can expect assets such as Silver, Gold and Bitcoin to slide downward. Target 3 if needed would be the next lower FIB level. With the indicators pretty close to cooling off on the lower time frames and the .618 holding we could look for a bounce back up to the .5 Level. I personally do not trade paper metals. I purchase physical metals as my hedge again USD and Crypto. So the short term price does not personally concern me and I am not looking to play a bounce. I am simply looking for the best entry prices to stack more Silver. If you are looking for a swing trade consider looking to the FIB levels or ranging inside of the channel for your bounce. If you love Silver Stacking or Gold leave a comment below! :)
TVC:SILVER
by jlouvierobv
4
Silver lining up for further downside?Silver - Intraday - We look to Sell at 19.53 (stop at 19.82) Preferred trade is to sell into rallies. The medium term bias remains bearish. 50 1hour EMA is at 19.60. Daily signals are bearish. There is scope for mild buying at the open but gains should be limited. Our profit targets will be 18.80 and 18.50 Resistance: 19.60 / 20.90 / 24.00 Support: 18.80 / 17.00 / 15.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:XAGUSDShort
by OANDA
FIRST MAJESTIC SILVER - PRESSURE BUILDINGThis is a weekly chart of AG, First Majestic Silver Corp. I like to call this pattern a giant compression wedge - it's just a simple descending triangle. But considering this is on the weekly timeframe, it's a mammoth-sized wedge. I like the pattern but I really like the company. I'll try to focus on the technical analysis, but First Majestic looks incredibly well positioned for what's unfolding in the metals market. They have their ducks in a row. If you follow my ideas, then you'll know how I feel about precious metals. I believe we're facing a perfect storm that will propel precious metals & miners to incredible levels. The monetary circus, supply & demand, inflation, gold:silver ratio, and the commodity cycle are just a few of the ingredients in the recipe. I'm torn about direction. Equities, the dollar, precious metals, and the miners are in a pivotal place. The dollar looks like it's trying to find a bottom. It's possible that the metals, miners, and equities get pushed down hard again.. potentially another crash. Having another crash in equities, metals, miners, etc.. would be my preferred path because I suspect that it wouldn't last long.. Inflation is coming but don't rule out another deflationary hiccup. I like to buy stuff cheap and so I'll be thrilled to have another discount. Watch the dollar. I think we're going to know soon.. and watch First Majestic. It would be incredible to have it tag (E) of this wedge. The measured move of this pattern is somewhere around 39-40 but a move from $4.00 to 40 is a 10x compared to the 2x it is from current prices.
NYSE:AG
by gghsusa
9
XAGUSD 4H Possible scenarioI just wished that this would be the bottom, this would be the end, and just buy buy buy but, FED and Treasury are way more popular than Gold n Silver these days, specially Silver, despite higher cost for mining and, despite industrial demand for Silver to build solar panels and energy efficient cars, that's not what the price of Silver reflects It's just down down down as everyday passes and, i'm just wondering what could've possibly gone wrong so i could just sit n watch the central planners just get away with this ? what this world has became and why do we people just keep listening to what central banks say After all those poor people in 2008 who lost almost everything, their homes, their 401k their trust in life, why on earth history has to repeat itself and i'm just wondering when people including me gonna say, wait a minute, why do we have to keep doing this like a sheep ?
OANDA:XAGUSD
by GlassICE
SILVER too looks BULLISH IN Coming Months!SILVER too will be BULLISH soon? Elliot Wave Long/Short-term analysis! 21st June 2022 Only for educational purposes. DISCLAIMER Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received or market analysis is expressly excluded. All the information made available here is generally provided to serve as an example only, without obligation, and without specific recommendations for action. It does not constitute and cannot replace investment advice. We, therefore, recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
OANDA:XAGUSDLong
by Manish_Adhikari
Weekly and daily technical analysis for the price of silverWhy was there such a sharp decline in the price of silver in the second half of April and into May? And where could it potentially move next? After taking out last year’s low just below $20.5 per ounce, silver has now slowly, but surely, retraced slightly higher. Now the price of XAGUSD is settled for the time being. Over the past few weeks, the price of silver has settled around $22.0 per ounce. Looking at the weekly chart we have two indicators; the Williams Alligator and a Money Flow Index (MFI). With the Money Flow Index, we see divergence take place with the most recent highs marked out with the blue trend line. While price has played out well with this sharp decline, the MFI is suggesting uncertainty. While there is still plenty of room for more downside, it may be reasonable to expect price the price to consolidate further with the Money Flow Index sitting exactly at the equilibrium. The Williams Alligator uses the intersection of the moving average lines to help identify a trend. In the graph below, we have recently seen the longer term lines cross over the shorter lines. This scenario suggests that the market is signaling a downturn, just as it did before the rapid decline in the price of silver at the beginning of April. From a daily time-frame perspective, $22.5 appears to be a bridge too far for XAG if it does counter the bearish indicators above and muster some upside. A more reasonable bullish target might the closer to the 13-day moving average, at $22.2 per ounce. On the other side of the coin, downside levels to watch include $21.9 and $21.5.
OANDA:XAGUSD
by BlackBull_Markets