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XAG

Silver - An Auspicious Full Moon is Always BriefThe reality is that the metals market makers are absolute savages. But the reality is simply that the retail mentality is wrong. You are taught to be fearful when you should be greedy and to be greedy when you should be fearful. Staring at the charts all day and losing money trading consolidations only reinforces these bad habits. The truth is, Silver will fall to unpleasant lows. The truth is, silver is not likely to have topped at $29. What the world is about to experience is not just another dip to buy. People have been made fat and complacent by 20 years of an artificially propped up bull market, but now the world is in real trouble, for socialism driven by the Chinese Communist Party in every corner of the planet is now executing its final, desperate endgame, struggling to do as much damage as it can before the CCP is completely eliminated. So, buy metals when there's blood in the streets. But you should also keep a level head. There is unlikely to be a new all time high on silver. What comes after this chart completes is simply chaos.
OANDA:XAGUSDLong
by LordWrymouth
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 25.65, continuation of downtrend is expected. We make sure when the support at 19.65 breaks. If the resistance at 25.65 is broken, the short-term forecast -continuation of downtrend- will be invalid. Technical analysis: The RSI support #1 at 52 is broken, so the probability of continuation of downtrend is increased. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 28.85 on 09/01/2020, so more losses to support(s) 22.15, 21.00 and minimum to Major Support (19.65) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 31. ❤️ 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 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:XAGUSD
by ForecastCity
13
#XAGTRY - Gümüş Ons - Silver OnsFiyatlarda düzeltme beklentisi vardı ve bu başladı, olası aşının bulunma ve onay sürecinin ardından diğer emtialarda olduğu gibi gümüşte de düşüşün devam etme olasılığı yüksek. Düzeltme hareketi sonrasında fiyatlarda bir süre dengelenme süreci ardından tekrar çıkış beklentim var. İlk etapta 310 civarı görünüyor ardından tekrar analiz etmek gerekebilir. There is an expectation for a correction in prices and this is just started, after the probable vaccine approval, silver is likely to continue to decline as in other commodities. I have an expectation of upward movement again after a period of stabilization in prices after the correction. We can target 310 in the first place, then it may be necessary to analyze again.
FX_IDC:XAGTRY
by Emp4radoTR
everything depends on DXY in last week , Dollar index movement make noise in all Major Trading instruments like XAU XAG EUR GBP Trading Setups , Traders and Trading institutions Feel more risk on the DXY New Price and a lot of them liquid their positions to Hedge The risk with more Liquidity Powell Testimony was Most Important Event Of the week and when he said there is no enough debt and cash to guaranty the 2% estimated Inflation rate DXY All major instruments Experienced High Volatility last night now , the last hope for Bulls Against Dollar is a rejection from the red trend line on DXY with Reliable Price Action sincerely AHZ
TVC:DXY
by Iceberg_Analytica
Elliott Wave View: Support Area for SilverElliott Wave View of Silver (XAG) suggests the cycle from September 1 high has ended as wave (1) at 25.82 low. From there, the metal bounce higher in wave (2). The correction unfolded as zigzag Elliott Wave Structure. Up from wave (1) low, wave A ended at 27.48 high. The dip in wave B ended at 26.54 low. Afterwards, the metal resumed higher and ended wave C at 27.60 high. This ended wave (2) in the higher degree. Since then, the commodity has resumed the decline lower. Down from wave (2) high, wave 1 ended at 26.26 low. The subdivision of wave 1 unfolded as 5 waves impulse structure. Wave ((i)) ended at 26.98 low and wave ((ii)) bounce ended at 27.43 high. Wave ((iii)) lower ended at 26.69 low and wave ((iv)) bounce ended at 26.94 high. The push lower in wave ((v)) ended at 26.26 low. The metal then bounced higher in wave 2, which ended at 27.22 high. Afterwards, the metal resumed lower in wave 3, which ended at 23.67 low. The bounce in wave 4 ended at 25.24 high. Currently, wave 5 is in progress. As long as 27.60 stays intact, expect the bounces in 3,7 or 11 swings to fail for more downside. The 100 – 161.8% extension from August 7 high is at 18.36 – 22.39 area. If reached, that area can see support for 3 waves bounce at least.
FX_IDC:XAGUSD
by Elliottwave-Forecast
Has Silver lost its Shine?Silver has had a legendary run this year, is heavily correlated with Gold. However, that was only in regards to the movement. Before September, Silver has outperformed Gold year-to-date, and even from its March lows. Year to date, it has returned just under 50%. Meanwhile, Gold has returned 27%. From March, Silver has returned 68%, while Gold only returned 24% from the same period. However, in September, the equities’ market selloff has transferred to both Gold and Silver, hitting Silver incredibly hard. Silver dropped 14% this month, in comparison to Gold, only falling 3.25%. If Gold was a haven turned speculative bull run, Silver was a speculative run on steroids. However, some fundamental factors may show some profit-taking. Silver woes shining in Investors? Investors who invest in metals and commodities such as Oil, Silver, and Gold tend to put their capital into ETF backed by metals, instead of buying futures or the physical metal, primarily due to low transaction costs. However, investors have started to take money out of these ETF’s, especially Silver backed exchange-traded funds – raising worries that the rally in Silver might be over. IShares Silver Trust ETF has seen a 3% decrease in its silver holdings over the past month to 555m ounces. The initial case bulls were using to justify the silver trade was its use in Solar Panels. The rally came from the ECB and Joe Biden promoting policies pushing on cleaner power, with the ECB apportioning a large portion of their stimulus package to fighting climate change. However, as risk-off prevailed at the start of this month, investors started to question the actual demand for solar panels at this stage. Furthermore, with its correlation with Gold, weakness in bull factors for Gold is also associated with a weakness in Silver. Gold is historically associated as a hedge against inflation. With the Fed making it their goal to increase inflation by allowing inflation to go above their 2% mandate, investors and traders question whether they are able to stimulate inflation even amidst their unprecedented rate cuts and quantitative easing. For now, we’ve seen a selloff in many risk on assets – so these metals may be a part of that. Will we see further setbacks for the two metals?
TVC:SILVER
by BlackBull_Markets
2