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Xagusdanalysis

Silver- Will it reach 28 by year's end. IMO, it willIn my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart. As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance. This resistance can very well be the neck-line of an H&S pattern and a break here would expose important 28 zone resistance. IMO the end of the year will be bullish for PMs and also a long trade for XagUsd with 28 target would have a 1:3 R:R
OANDA:XAGUSDLong
by Mihai_Iacob
11
Silver , We need pullback ...Hello everybody In here we have new rally of Silver that it started days ago and in here in 4h time frame we have new powerful breakwave The trend is upward and we need some rest and pullback to take position toward the trend ( Buy ) And we have heavy resistance in our way to go up , we can buy some silver after pullback done and wait until the Tp we shown on chart and if the price can rise more we can trail of position and we will going up According to trend line that we shown , we expect that the price can come to touch it for support then can attack to the resistance zone , and near of the trendline with multi time frame checking and take signal we can buy and take long position Dont forget use Stop Loss and money management Good Luck Abtin
FOREXCOM:XAGUSDLong
by Abtin00
SILVER : ARE YOU LOOKING FOR A REVERSAL OR JUST A PULLBACK?Silver managed to breakout of a week of sideways trading last week, ending the week high at 24.87150. However, on the weekly chart, silver has already made a new bottom, and the current rise is probably a short-term retest of the previous weekly high 24.87150 So, if there is a rejection at level 22.72450 and a breakout at 23.59300, I see a chance to short-term long till 25.17450 or 25.80050 before shorting again and targeting 21.03248 Yes, the short position is still favoured. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
OANDA:XAGUSDShort
by mytw0cents
Silver Price Analysis: Market is heading to 26.00 price zoneA recent Federal Open Market Committee meeting showed that half of its members expected an interest rate hike by 2022. As a result, silver (XAG/USD) has been climbing recently, trading at $23.50 today with an almost 2% gain in one session alone. All these factors aid silver's climb to new heights due to their correlation with gold prices and demand for industrial use. Due to the inflationary pressure in the economy, investors are thinking of reserve safe-haven asset silver. The recent FOMC minutes revealed the pace at which QE will reduce. However, it was announced yesterday that would only be billion dollars cut each year instead of a 20-billion planned initially because inflationary pressures are more substantial than anticipated. Gold and silver are getting a boost from the US stock markets, which is seeing an increase in safe-haven assets. The dollar has seen some weakness recently but remains high due to low-interest rates. Bond investors fear about Europe's economy slowing down further than anyone had expected already with Greece's debt crisis not being resolved yet either. As a result, the USD is weaker against gold and silver. But the USD is still dominating most of the major currencies, except safe-haven currencies like JPY and CHF. Technical View: Right Now, the silver price is holding above descending trendline, the price nearly 23.40. If the H4 candle can close above the 23.50 price zone and descending channel, it may test the 24.00 prices. Breaking above the 24.00 price zone, the next target is the 24.80 price zone. 24.80 is Fibonacci 50% retracement area. So, the market may go for some correction from the 24.80 price zone. But if it doesn't, breaking above 24.80 will open the door for the 25.80/26.00 price zone. I don't think the market will break above the 26 price zone easily unless we see too many adverse U.S. economic reports. On the other hand, breaking below the ascending trendline, the silver price may continue its downtrend again and may test the 21.50 price zone again.
TVC:SILVERLong
by Gold_Trading_Expert