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XAG USD ( Silver / US Dollar)

XAG/USD Analysis: Silver Price Fails to Hold at 11-Year HighXAG/USD Analysis: Silver Price Fails to Hold at 11-Year High As shown on the XAG/USD chart, during the trading session on 26th September, the price of silver surpassed the previous 2024 high (set in July), reaching levels last seen in December 2012. Key drivers of silver’s price include news related to the Federal Reserve’s policy: → Last month, when the Federal Reserve cut interest rates, it led to a rise in both gold and silver prices. → However, precious metal prices dipped slightly yesterday after Fed Chair Jerome Powell adjusted expectations regarding further rate cuts this year, stating that the Fed would not rush into making more reductions. Technical analysis of the XAG/USD chart reveals: → Since August, the price of silver has formed an ascending channel (shown in blue). In September, bullish sentiment strengthened, establishing points for a steeper upward channel (marked by purple lines). → The price surge at the end of September caused the RSI indicator to form a bearish divergence, making silver vulnerable to a correction after hitting a historic high – which is what followed. What comes next? It largely depends on upcoming fundamental news. Currently, silver’s price appears to be in consolidation, confined by the triangle formed by the boundaries of the two channels (shown by black lines). A breakout from this triangle could potentially lead to a significant trend forming. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAGUSD
by FXOpen
2
$40 Silver in Sight? BofA Says Yes The Gold-Silver Ratio (XAU/XAG) measures how many ounces of silver are needed to purchase one ounce of gold, providing a clear example of the relative performance of each metal. Bank of America (BofA) has argued there could be an opportunity to short gold against silver at its current ratio of 83.50, targeting a move down to 78.50 or 75.00, with an upside stop at 87.50. A decline in the ratio can occur either if silver rises faster than gold or if gold falls more sharply than silver. BofA’s 2024 gold price targets of $2,368, $2,538, and $2,643 have already been hit, with the next target set around $2,733. However, the bank advises caution on gold, instead hinting traders could focus on silver, which is nearing eleven-year highs. According to the bank, the ratio recently formed a double top, signaling a bullish outlook for silver. Silver’s potential upside targets range between $36.02 and $40.
OANDA:XAUXAG
by BlackBull_Markets
Sentiment: Option Traders Take Bearish Bets on Silver and CopperNegative option flows were found for two metals at the same time: silver and copper. Portfolios that want prices to fall appeared at the same time as the market is growing, which is interesting. The positions are quite large, but they cannot be called "Insider positions", so we will be careful with forecasts. Of course, we need chart confirmation that agrees with the sentiment in options. Option traders like to flip trends too, so we need more signals. If you're long right now, though, that's something to consider. Like I said, option trades in Silver and Copper are significant.
FOREXCOM:XAGUSDShort
by ClashChartsTeam
#XAGUSD 1DAYXAGUSD 1-Day Chart Analysis Pattern Identified: Resistance Level and Bearish Engulfing (Sell Engulfing) Forecast:Sell On the 1-day chart of XAGUSD (Silver/US Dollar), a resistance level has been identified, suggesting that the price has reached a key area where sellers tend to overwhelm buyers, causing the price to struggle moving higher. Alongside this, a bearish engulfing pattern has formed, signaling a potential reversal to the downside. A bearish engulfing pattern occurs when a larger red (bearish) candlestick completely engulfs the previous green (bullish) candlestick, indicating a shift in market sentiment from bullish to bearish. This combination of a resistance level and bearish engulfing pattern suggests strong selling pressure and implies that prices are likely to drop in the short to medium term. Actionable Insight: Traders may consider taking sell positions, particularly if the price fails to break above the resistance level. However, it is important to monitor for confirmation signals and manage risks appropriately, as market reversals can sometimes be temporary or false.
OANDA:XAGUSDShort
by PIPSFIGHTER
SILVER Sellers In Panic! BUY! My dear subscribers, My technical analysis for SILVER is below: The price is coiling around a solid key level - 31.627 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 31.112 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
1
Fundamental & Technical Analysis on XAGUSD (Silver)Fundamental : Historically for Silver when Open Interest (OI) is going down it is a bearish signal and vice versa unlike other symbols. In this case Open Interest is decreasing which is Bearish, Commercial (Hedgers) Long positions are slowly going up while their Short positions seem to be slowly decreasing which is another Bearish confluence. For Non-Commercial the Longs have been lowering the past 5 weeks but unfortunately so have the Short positions which isnt exactly what i would like to see but I do believe they'll start increasing. Net Positions for Commercial has reached an extreme on the line chart at about -400K which is a Bearish signal and Non-Commercial has reached an extreme at around 300K, both of these extremes are aligned with the extremes seen on February 2020. COT Report : cot-reports.com Line Graph : cot-reports.com Technical : The 5 EMA has crossed down the 20 EMA while Momentum is negative and the K% line on the Stochastic is underneath the 50% line. Targets & Stop Loss : My stop loss is at Fib LVL 0.236 which is $29.470 on the chart. Take Profit #1 is at Fib LVL 1.272, Take Profit #2 is Fib LVL 1.414, and Take Profit #3 is at Fib LVL at 1.618. The rest of the Take Profits are at Fib LVLs 2, 2.272, and 2.618. At every Take Profit i will take half of my position off and leave the rest running, after Take Profit #1 is hit I move my Stop Loss down to break even.
BLACKBULL:XAGUSDShort
by Iateyourcroissant
XAUUSD - 4H Higher targetsFX:XAUUSD prices are currently in a strong upward trend, having broken past the $2,600 resistance level. Based on the technical analysis, this surge opens up a path toward the $2,650 target, supported by the recent bullish movement. The chart clearly indicates that a pullback to the $2,600 zone would present a solid buying opportunity. Traders are encouraged to stay calm during any temporary declines and consider adding to their positions in anticipation of further gains. Fundamentally, escalating geopolitical tensions in the Middle East, particularly the ongoing Israel-Hamas conflict, have significantly boosted gold prices as investors seek safe-haven assets. Gold’s role as a hedge against global uncertainty has become even more pronounced with concerns of the conflict escalating across the region, leading to increased demand. Additionally, broader fears of economic instability, inflation, and potential recessionary pressures have further driven this bullish sentiment in gold markets. As both technical and fundamental factors align, CAPITALCOM:GOLD is well-positioned to reach the $2,650 target. Traders should remain vigilant for any price dips, as these may offer prime opportunities for further entry into the market.
FX:XAUUSDLong
by Sober_Trading
1
XAGUSD. Trading opportunityHello traders and investors! Daily Timeframe Analysis On the daily timeframe, the price has formed a sideways range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185. The buyer's vector 8-9 has reached the target of 31.755 (see the previous post). There are no signs of a reversal yet to indicate the realization of the seller's vector 9-10, with a potential target of 26.471. 4H Timeframe Analysis On the 4-hour timeframe, the price has formed a sideways range below the level of 31.755. The upper boundary is 31.4335, and the lower boundary is 29.7085. Currently, the buyer has broken through the upper boundary of the range. If the buyer defends the 31.4335 – 31.755 range, it is possible to look for buying opportunities, with a potential target of 32.5185. Good luck with your trading and investments!
OANDA:XAGUSD
by AlexeyWolf
SILVER Technical Analysis! SELL! My dear friends, My technical analysis for SILVER is below: The market is trading on 30.830 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 30.032 Recommended Stop Loss - 31.311 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. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDShort
by AnabelSignals
1
#XAUUSD 1DAYXAGUSD Daily Analysis: Buy Opportunity on Trendline Breakout The silver market (XAGUSD) is currently presenting a compelling buy opportunity following a significant trendline breakout. This technical development suggests a potential shift in market sentiment and upward momentum. 1.Trendline Breakout: The price has decisively broken above the established downward trendline, signaling a shift from bearish to bullish sentiment. This breakout typically indicates the possibility of a sustained upward movement. 2.Confirmation Indicators: The breakout is supported by increased trading volume, which reinforces the strength of this move. A closing candle above the trendline further validates the bullish outlook. 3.Support Levels: The previous resistance level is now acting as a support zone, providing a safety net for buyers entering at this point. 4.Technical Indicators: Momentum indicators, such as the RSI, are moving toward overbought territory, while the MACD is showing a bullish crossover, suggesting that momentum is building. 5.Market Sentiment: Positive economic developments and increased demand for silver in industrial applications contribute to the favorable outlook. Additionally, geopolitical tensions may drive safe-haven buying. Conclusion With the trendline breakout signaling a shift in momentum, a buy opportunity in XAGUSD looks promising. Traders should consider entering positions with a stop-loss just below the breakout level to manage risk effectively. Keep an eye on economic data releases and market developments that may impact silver prices.
OANDA:XAGUSDLong
by PIPSFIGHTER
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OANDA:XAGUSDLong
by Atom_Indicator