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🥈SILVER vs BITCOIN 🏆 - Comparison and Analysis 🗠Silver together with Gold dropped heavily today on good USA data (retail sales). For many, Bitcoin is the new safehaven, taking away some power and shine from the precious metals (Gold and Silver). As you can see on the chart there are similarities and Silver could rebound from here (just like Bitcoin did) in order to go for a second check of it's major resistance level. Do you like this post? i wait for your comments. One Love, the FXPROFESSOR
OANDA:XAGUSDLong
by FX_Professor
7
SILVER : REVERSAL HEAD & SHOULDER FORMATION | SHORT VIEW 🔔 Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
OANDA:XAGUSDShort
by FOREXN1
9
XAG/USD EVERY SUNDAY LIVE ZOOM ANALYSISThe gold & silver market is pushing significantly higher, following a significant miss in the U.S. labor market with fewer jobs created in August. Friday, the U.S. Labor Department said that 235,000 jobs were created last month. The data was weaker than expected as consensus forecasts called for jobs gains of 720,000. While the headline data saw a significant miss, the Labor Department included substantial revisions to its June and July numbers. June's employment numbers were revised up by 24,000 to 962,000 from the previous estimate of 938,000. Meanwhile, July's data was revised up to 1.053 million jobs compared to the initial estimate of 943,000. However, some economists note that the strong revisions are not enough to take the full sting out of the disappointing headline numbers. Meanwhile, the U.S. unemployment rate dropped to 5.2%, down from July's reading of 5.4%. The unemployment rate fell in line with expectations. The gold market has broken through critical near-term support levels in initial reaction to the weaker-than-expected employment data. December gold futures last traded at $1,827.10, up nearly 1% on the day. Not only was job growth weaker last month, but positive for gold, wage inflation continues to creep higher. The report said that wages rose 0.6% in August, up from July's 0.4% increase. Economists were expecting to see a 0.3% increase. A lot of focus had been placed on the August employment numbers. Many Federal Reserve officials noted that a strong number could prompt them to launch their plans to reduce their monthly bond purchases. However, some economists say the disappointing data could force the central bank to delay those plans. "This disappointing report will make it a closer call than we expected for a September tapering announcement from the Fed," said Katherine Judge, senior economist at CIBC. Paul Ashworth, chief U.S. economist at Capital Economics, said that the latest employment numbers puts the Federal Reserve in a very difficult position. He noted that the economic data shows the COVID-19 pandemic and the spreading Delta Variant is impacting the current recovery. “Even allowing for the fact that first estimates for August often disappoint on the downside, the extent of the slowdown in jobs growth all-but rules out any tapering announcement at this month's FOMC meeting and, if this weakness persists, then it could be pushed into early next year. XAG/USD EVERY SUNDAY LIVE ZOOM ANALYSIS UK 18:00
OANDA:XAGUSDEducation
by globalsymmetrygroup
1
XAGUSD SILVERXAGUSD SILVER Unlike gold, it cannot be reused (only with large losses), and therefore its amount is constantly decreasing. Most of the demand for this precious metal, namely 60%, comes from industry. Silver is limited, which means that its value will increase significantly every year. According to forecasts, based on the rate of silver production - the world's reserves of this precious metal may theoretically be exhausted within 15 years. If we look at most of the large-scale, global crises and the reaction to the precious metals market, we will see that demand has only increased. Silver is an excellent tool for diversifying a long-term investor's portfolio. The growth potential is incredible in the long term, speaking of an investment of 10 years or more. Technically: There is a clear uptrend. A Cup and Handle pattern is forming on the monthly chart. Also, the 50-100-200 moving averages have recently crossed. It is a strong buy signal. Best regards, EXCAVO
TVC:SILVERLong
by EXCAVO
20
SILVER set upTaking a short entry on Silver today looking for a break down of this bearish continuation pattern and looking for a double bottom on this high volatility level. This zone has been bought up a few times in the past and is considered a high volatile area but these levels can break eventually if hammered enough and the HTF EMA's on silver arnt looking the best although could just be considered chop in a range. Will reassess trade in that level and look to flip long incase we do have a reversal and start making bullish market strucutre. A break down through that volatile area could get ugly for silver.
OANDA:XAGUSDShort
by DeNomics
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support of 22.15, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 22.87 on 08/20/2021, so more gains to resistance(s) 24.50, 25.75, 26.60, and maximum to Major Resistance (28.75) is expected. Price is above WEMA21, if a price drops more, this line can act as dynamic support against more losses. The relative strength index ( RSI ) is 47. Take Profits: TP1= @ 26.60 TP2= @ 28.30 TP3= @ 29.85 TP4= @ 33.45 TP5= @ 37.50 TP6= @ 44.20 TP7= @ 49.80 TP8= @ 60.00 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_World
12
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support of 22.15, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 22.15 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 22.87 on 08/20/2021, so more gains to resistance(s) 24.50, 25.75, 26.60, and maximum to Major Resistance (28.75) is expected. Price is above WEMA21, if a price drops more, this line can act as dynamic support against more losses. The relative strength index ( RSI ) is 47. Take Profits: TP1= @ 26.60 TP2= @ 28.30 TP3= @ 29.85 TP4= @ 33.45 TP5= @ 37.50 TP6= @ 44.20 TP7= @ 49.80 TP8= @ 60.00 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDLong
by ForecastCity
4
Silver poised for a breakdown?After a precipitous drop to test support near 23.00 (the 38.2% Fibonacci retracement of the March 2020 – March 2021 rally) early this month, Silver has spent the last three weeks consolidating in a range between 23.00 and 24.00. As experienced traders know, volatility tends to be cyclical, meaning that markets alternate between periods of large trending movements and small rangebound trade. We’ve seen this exact dynamic play out with silver stair-stepping lower over the last three months, alternating between periods of sideways, rangebound trade and sharp drops. Looking ahead, traders will be keeping a close eye out for a break of support at 23.00 to signal another potential leg lower down toward at least 22.00 or lower. A bullish break above the 24.00 level would invalidate the bearish bias and open the door for a rally back toward 25.00. For more on the recent moves in silver and how the gold/silver ratio can provide insight for precious metals traders, see our Senior US Analyst Joe Perry’s article “Which is better to own right now: Silver or gold?”: www.forex.com
TVC:SILVER
by FOREXcom