it seems to start a new ascending rollyHi there,
We gave you a buy position on yellow metal last week and it hit the SL but analysis and path prediction was correct.
Anyway we are watching 2 similar paths on XAUUSD that both of them will finish with breaking the highest top price.
1. The 4th wave of 3rd wave of big ascending wave has been finished and we should buy again in support level such as 2300-2305 to above of 2450. It is more probably.
2. The 'a' wave of 4th wave of 3rd wave of big ascending wave has been finished and we will see the breaking lowest price of last week until 2260-2240 and after that price start to growth. Based on Eliot wave measurements, this has more chance.
So what are you doing?
We powerfully suggest you be patient and careful, firstly. if you have buy position please remain it until 2375 or 2290. We could above of 2375 buy again with the triger in m15 timeframe and sell it below of 2290 until 2265, 2252 and 2240 by trailing.
We have 2 suggestions:
1. Buy it on 2302 +-2$ with TP 2380 and 2450 SL 2288
2. Consider to our XAGUSD analysis in trading view, because buying it has more worthy.
XAG USD ( Silver / US Dollar)
XAUUSD - 15m Sell ScalpOn the 15-minute chart, XAUUSD is breaking below crucial support trendlines, suggesting an increased bearish momentum. The weakening support, indicated by the failure to sustain above these trendlines, points to a potential decline towards lower support levels.
Traders should be cautious as the breakdown may accelerate selling pressure, leading to further downward movement in the gold price.
Monitoring the price action closely around current levels could provide insight into whether the bearish trend will continue or if a short-term consolidation might occur before any recovery attempts.
SILVER: Bullish Continuation & Long Trade
SILVER
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long SILVER
Entry - 29.329
Sl - 28.621
Tp - 30.558
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
SILVER / XAGUSD Bearish Direction Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist Silver XAGUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Bearish drop?XAG/USD has reacted off the resistance level which is an overlap resistance level that lines up with the 38.2% Fibonacci retracement and could fall to our take profit.
Entry: 30.06
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 30.88
Why we like it:
There is a pullback resistance level.
Take profit: 28.80
Why we like it:
There is a pullback support level which aligns with the 127.2% Fibonacci extension.
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.
Could the Silver Price Hit $100 per Ounce?The silver market has long attracted investors due to its potential for significant returns. Recently, Keith Neumeyer, CEO of First Majestic Silver, has been vocal about his belief that silver could reach $100 per ounce or even higher. This article explores the factors that could drive such a dramatic increase and examines the realism of this prediction.
Historical Context and Recent Performance
Silver has experienced notable gains since 2020, hitting a nearly 12-year high of $32.33 per ounce in May 2024. Neumeyer's prediction of silver reaching $100 per ounce has been discussed in various interviews, including those with Palisade Radio, Wall Street Silver(, and Kitco.
Factors Supporting Neumeyer’s Prediction
1. Market Cycles and Historical Trends : Neumeyer draws parallels between the current market and the early 2000s, suggesting a similar rebound in commodity prices.
2. Supply-Demand Imbalance : There is a significant deficit in the silver market due to increasing industrial demand from technologies such as electric vehicles and renewable energy sources.
3. Industrial Demand : Silver's applications in renewable energy and electronics are growing, with reports from (metalsfocus.com) highlighting a substantial expected deficit in 2024.
4. Potential Catalysts : Major investments, like those from high-profile investors such as Elon Musk, could drive silver prices up dramatically.
Challenges and Consideratio ns
1. Geopolitical and Economic Stability : Factors like the US dollar's strength, Federal Reserve policies, and global tensions will impact silver prices.
2. Market Manipulation : Concerns about manipulation in the silver market could suppress potential price increases.
3. Historical Price Movements : Historical peaks just under $50 per ounce indicate that a significant shift in investor behavior is needed to reach $100.
Expert Opinions and Outlook
Opinions vary among industry experts. While Peter Krauth of Silver Stock Investor shares Neumeyer’s optimism, suggesting silver could eventually reach $300, others like David Morgan and Gareth Soloway see more conservative targets around $50 per ounce in the near term.
Conclusion
While $100 per ounce for silver is possible, it requires a mix of favorable conditions, including a substantial supply deficit and rising industrial demand. Neumeyer presents compelling arguments for a bullish outlook, but investors should consider a broad range of data and expert insights before making investment decisions.
SILVER The Target Is UP! BUY!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 30.142 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 31.243
Recommended Stop Loss - 29.439
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Falling towards pullback support, could it bounce?The Silver (XAG/USD) is falling towards the pivot and could potentially bounce to the 1st resistance.
Pivot: 28.83
1st Support: 27.70
1st Resistance: 30.08
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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 Option Trader's Next Move: What's Brewing in the Market?We wanted to share some thoughts on silver with you guys.
You know, we've been hunting for insights into this asset for the past few months and sharing the findings of our research and analysis (which, by the way, has been pretty solid - you should check it out).
So, let us explain. The first thing (#1 at the chart) we have here is some data on a specific option called "Butterfly" with an expiration date of July 25 - that's 43 days away from now. This is a pretty standard "Butterfly," so it's not really for insider trading. But the interesting thing is, despite the fact that there are still 43 days until expiration, t he person who owns this option portfolio is closing his positions. In other words, he doesn't expect the price to return to this level in the short or medium term.
And then we have another level shown here (#2 at the chart), at strike price 25.
This strike caught our attention a few weeks back and we've been watching it like a hawk. The drop in open interest at that strike could mean that the downtrend might be over and we're waiting for a bounce, but it hasn't happened yet.
The volume of open interest around strike 25 has stayed the same, even with all the volatility in silver and all the ups and downs in the market.
Bottom line: the market sentiment is still bearish and we haven't seen any signs of a price turnaround yet.
Silver H4 | Overlap support at 50% Fibonacci retracementSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 29.17 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 27.80 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 30.76 which is an overlap resistance.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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Potential bearish drop?XAG/USD is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 30.06
Why we like it:
There is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss: 30.88
Why we like it:
There is an overlap resistance level.
Take profit: 28.80
Why we like it:
There is a pullback support level which lines up with the 127.2% Fibonacci extension.
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.
Unveiling the Reasons Behind Last Month's Silver Price Surge Silver, the lustrous metal often overshadowed by its golden counterpart, experienced a remarkable price surge last month. While gold continues to hold a certain allure, it's silver that's been making headlines. Let's delve deeper into the factors that propelled silver to the forefront of the precious metals market.
A Tale of Two Forces: Supply and Demand
The price of any commodity is a delicate balance between supply and demand. In the case of silver, both sides of the equation have played a role in the recent price hike.
On the Demand Side: A Silver Lining
• Industrial Applications Take Center Stage: Silver's industrial applications have been steadily growing, particularly in the green energy sector. Solar panels are a prime example, as silver is a crucial component in their conductive layers. As the world transitions towards renewable energy sources, the demand for silver is expected to rise proportionally.
• A Reliable Ally in Electronics: Beyond solar, silver is a vital element in a vast array of electronic devices. From smartphones and laptops to medical equipment, its conductive properties make it irreplaceable. The ever-increasing reliance on technology further fuels the demand for silver.
• Investment Haven: Investors often turn to precious metals like silver as a hedge against inflation. When traditional currencies lose purchasing power, silver's perceived value can rise, attracting investors seeking a safe haven for their assets.
Supply Under Pressure:
• Mining Challenges: Silver is often mined as a byproduct of other metals, primarily lead and zinc. Fluctuations in the production of these base metals can indirectly impact silver supply. Additionally, stricter environmental regulations can make silver mining more complex and expensive.
• Geopolitical Uncertainty: Global political instability can disrupt supply chains, impacting the flow of silver from major mining regions. This uncertainty adds another layer of complexity to the silver market.
The Perfect Storm: When Demand Outpaces Supply
The confluence of these factors – rising demand from various sectors and potential constraints on supply – has created a situation where demand is outpacing supply. This imbalance is a key driver behind the recent surge in silver prices.
China's Silver Appetite: A Force to Be Reckoned With
China deserves a special mention in the silver story. The world's second-largest economy is a major consumer of silver, with its demand playing a significant role in influencing global prices. China's booming industrial sector and growing investment in renewable energy further amplify its impact on the silver market.
Looking Ahead: A Silver Future?
The future of silver prices remains uncertain. Several factors, including global economic conditions, technological advancements, and geopolitical developments, will influence its trajectory. However, the current trends suggest that silver's industrial importance and potential as an inflation hedge will continue to drive demand.
Beyond the Bling: Silver's True Value
While silver's shiny exterior has always held aesthetic appeal, its true value lies in its versatility. From adorning our bodies to powering our technological advancements, silver is an essential element in the modern world. The recent price surge highlights the growing recognition of this multifaceted metal. Whether silver maintains its upward climb or experiences a correction, its role in the global market is undeniable. So, the next time you see a piece of silver jewelry, remember – it's not just about aesthetics; it's a testament to the vital role this metal plays in our world.
XAGUSD. Weekly trading levels 3 - 7.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
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Could silver bounce from here?XAG/USD is falling towards a support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 30.151
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 29.763
Why we like it:
There is an overlap support level which lines up with the 78.6% Fibonacci retracement.
Take profit: 30.864
Why we like it:
There is a pullback resistance level.
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.
Silver Surges to $30.25 Amid Speculation of Fed Rate CutsDuring Thursday’s London session, silver has surged to $30.25, bolstered by robust buying interest. This momentum is largely driven by the normalization of US labor market conditions, which have heightened expectations that the Federal Reserve (Fed) may begin cutting interest rates in its September meeting.
According to the CME FedWatch tool, there is now a 68% probability of a rate cut in September, a significant increase from the 47% chance recorded just a week earlier. This shift in expectations has put substantial pressure on US bond yields. Although 10-year US Treasury yields have inched up to around 4.29%, they remain significantly lower than the weekly high of 4.64%. Lower yields on interest-bearing assets diminish the opportunity cost of holding non-yielding assets such as silver, making them more attractive.
Technical Analysis
From a technical perspective, silver's price action indicates a divergence on the H4 chart following a rebound from a key support level. This suggests the potential for a new bullish impulse.
Combining these fundamental and technical insights, the outlook for silver remains positive, with further gains likely in the near term.
SILVER On The Rise! BUY!
My dear subscribers,
This is my opinion on the SILVER next move:
The instrument tests an important psychological level 30.4065
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 31.0378
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
The Price of Silver Is Acting Weaker Than GoldThe Price of Silver Is Acting Weaker Than Gold
According to Reuters, precious metal prices have risen in the past 1-2 days as Treasury yields have fallen, enhancing metals' appeal as a "safe haven" for investor portfolios.
Currently:
→ Expectations are growing that US interest rate cuts may begin as early as September;
→ Market participants are focusing on non-farm employment data and other US market data, set to be released on Friday at 15:30 GMT+3.
In this context, it is notable that the gold market is clearly stronger than silver.
The XAU/USD chart shows that the price of gold today rose above $2370 per ounce, a high not seen since 23 May, more than 10 days ago.
Meanwhile, the price of silver experienced a decline of over 8% from 29 May to 4 June. Today’s rise appears to be an attempt by bulls to offset this bearish momentum, during which the price of gold remained stable.
Technical analysis of the XAG/USD chart shows that:
→ Since March, there has been an upward trend in the market (indicated by a blue channel);
→ On 17 May, we noted in our analysis of the XAG/USD chart that we might witness a new bull attack on the psychological level of $30 per ounce of silver. Indeed, the bullish breakout occurred immediately after publication.
→ Following the breakout, the price of silver reached the upper boundary of the ascending channel (A), retreated to the key level of $30, and then formed a new peak (B), demonstrating an inability to reach the upper boundary – a bearish sign. Thus, a double top pattern has formed around the $32 per ounce level on the silver price chart.
Additionally, the steepness of the ascending trend lines is decreasing (shown in green), indicating a potential exhaustion of demand – fewer buyers are willing to pay more than $30 per ounce of silver.
The $30.80 level is already showing resistance. Bulls may attempt to break through it and resume the uptrend from the lower boundary of the channel, but there are no guarantees that this will subsequently activate demand forces around the double top area.
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Could XAG/USD reverse from here?Price is rising towards a resistance level which is an overlap resistance that aligns with te 50% Fibonacci retracement and could potentially reverse from this level to our take profit.
Entry: 30.912
Why we like it:
There is an overlap resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 31.788
Why we like it:
There is an overlap resistance level which lines up with the 78.6% Fibonacci retracement.
Take profit: 29.441
Why we like it:
There is a pullback support.
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.