Silver- Where to buy?After breaking above the trend line resistance on Friday, and confirming the drop under 22 as a false break, Silver has riched a high around 22.7
Now XagUsd is in a normal correction and this can be a good opportunity for bulls to load long positions
A good place for this is 22.30 support and a break back below 22 would invalidate this bullsih scenario
23.50 could be the target
Xagusdanalysis
XAGUSD auf zu neualten Ufern...OANDA:XAGUSD steht wohlmöglich vor dem nächsten Bullrun...
Die 22Dollarmarkte sollte halten, die Korrektur könnte damit beendet sein.
Während alle anderen Assets wie Öl, Platin, Kupfer oder Nahrungsmittel in den letzten Monaten explodiert sind, hinkt Silber ebenso wie sein großer Bruder Gold weit hinterher....
Die Korrektur von FXOPEN:XAGUSD und FXOPEN:XAUUSD könnte nun endlich vorbei sein....
Ein Restrisiko besteht immer, daher schön den SL unterhalb der 22 USD-Marke setzen wenn man traden will. Für Hodlers von den Silbermünzen und -liebhabern, ist aktuell ein guter Zeitpunkt nochmals nachzukaufen.
Die nächsten Ziele sind das letzte Monatshoch bei 30 USD, wenn diese Markte bricht sehen wir 40, 60 und dreistellige Werte...
viel Erfolg
Silver- Buy dips is my strategySimilar to Gold, Silver also has reversed strongly yesterday and at this moment is trading in confluence resistance as well.
A break to the upside would confirm reversal on medium-term and also a false break of support
Buy dips is my strategy and I will remain bullish as long as the recent low is not violated
SILVER : WEEKLY TRADE PLAN UPDATEhi traders and followers.. i wish u all the best in your trading
so this is my trade plan for this week. For those who are unfamiliar with the trade plan and structure, please see my earlier post.
as for silver.. Silver is trading sideways and showing rejection at $23.14 after last week's breakout to a new low on the daily chart.
again same with gold.. any breakout below 21.66265 is opportunity to buying dip
❤️Please, support this idea with like and comment!❤️
Silver- Strongly bearish under 22.50Yesterday I've argued that Silver can drop hard if it breaks the flag pattern.
After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag.
I maintain my bearish outlook and I'm looking to sell rallies or directly the break.
The target can be the measured one at 21 or, in the short term, 22.30, the recent low support
Silver- Sell the breakIn yesterday's comment, I said that Silver is weaker than Gold and bulls don't have power.
As we can see from the H1 chart, the rise from the recent low is very anemic and is drawing a bearish flag.
I expect a break down for silver and short term traders can target 21 zone for a more than 1:3 R:R
SILVER : WEEKLY TRADE PLAN UPDATEIn terms of silver, the levels 22.52272 and 21.85045 are critical... a break below these levels might send silver even down. 21.00096
Because silver has two levels to break out of, I strongly advise waiting for the 22.52272 breakout and a pullback to the Lower High LH level before resuming shorts.
or a rejection at level 22.19300 before attempting to oppose the market
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
Silver can drop to 19Unlike Gold, Silver is weaker and the price couldn't correct the drop, instead consolidated in a tight range.
At this moment the price is exactly in a strong support zone and considering the incapacity of correcting, I expect a break and a hard fall for XagUsd
My target is 19 and only Silver back above 23 would negate this bearish scenario
XAGUSD Weekly TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
Silver- Clear levels to watchAfter the 22 recent low, Silver rose and reached almost 25 figure.
Now the precious metal is correcting this move and is trading at 23.68 at the time of writing.
A break under 23.40 zone would again expose 22 and, on the other hand, a break above 24 would signal a potential leg up
SILVER - Cinderella Gold Ready To ShineSilver is an asset we can discuss for days,
i have not posted about it in awhile for a variety of reasons but that time again is now.
After it's little Odyssey (correction) it seems ready for higher and more.
FXPROFESSOR is back on Silver.
One Love,
tell me your thoughts
Silver Still Downtrend, But Breaking Above 24.60 Possibly BuySilver and gold have the same co-relation with USD. Silver is mostly followed by gold from every fundamental aspect.
Technically, Silver is still holding below the descending trend line, which means It is still in a downtrend. but marketing is trying to break descending trendline. Breaking and stable above 25.60 price zone will confirm the breaking downtrend.
We may go for buy silver if we see US job market report falls than forecast. especially, NFP and average hourly earnings is important for silver whether it is going to buy mode again.
Keep in mind, we may see another fake break-out as well. if silver breaks above the descending trend-line before the high volatile news come-out may go for a short-term uptrend. but after releasing the job market report if the reports beat the market expectation, silver will drop again. in that case, we will see a fake break out.
so, don't rush just watching breaking and buy with full energy. let the market digest the US job market report and follow your analysis.
Technically, from the present silver market price, 24.60 is the immediate resistance. breaking above the 24.60 price zone will open the door for the 25.60 price zone. Finally, the worse us job market report may open the door for the 28.00 price zone. Stop-loss should be below the 22.60 price zone.
Silver Analysis, Bears in controlHello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
XAGUSD is bearish on the long-term outlook. The sellers were in charge of the Silver market since June and the bears’ momentum has been increasing. The price has been decreasing accordingly.
The market has pushed above the 23 levels and holding near the support zone, and all the former support levels of 25 and 24 has turned into resistance levels.
Using the Elliot wave theory we can see that the market is having a corrective wave right now which could push it near the 24$ zone where a battle will happen between the Bears and Bulls, and if the Bears wins then the price will be going down near the 22$ level as confirmed by the Elliot theory.
Different Scenarios for the market :
Scenario 1 :
The Market is holding at 23.709 near the support zone from 23.649 to 23.437, The bears are trying to drop the market as much as they can so we could be seeing a breakout happening at that level that would lead the market near the 22$ level.
Scenario 2 :
The Bulls are trying to gain control back over the market as we saw from the last movement on August 23, where the market price jumped from 22.897 and hit 23.938, but they will have to show a lot of power to break the resistance zone at 24.004 to 24.147, But if they were able to break that resistance then we will be seeing the market price going back up near the 25$ level.
Technical indicators show:
1) The market is below the 10 20 50 100 200 MA and EMA (Bearish sign)
2) The MACD is below the 0 line showing that the market is Bearish, With a positive crossover between the MACD line and the Signal line that explains the latest push that happened.
3) ADC is at 48.73 showing that the market is trending, With a negative crossover between DI+ (15.51) and DI- (29.99)
Support & Resistance points :
support Resistance
1) 23.649 1) 24.004
2) 23.437 2) 24.147
3) 23.294 3) 24.359
Fundamental point of view :
Silver prices rallied and remained buoyed, closing with a doji day at the highs of the trading session. This came despite a selloff in gold prices. Durable goods orders declined less than expected and new orders ex-transportation were unchanged. The dollar eased slightly, which helped silver prices gain a toe hold.
Silver of course has a certain amount of an industrial component built into it, and it is worth noting that industrial numbers have fallen quite a bit over the last several weeks. That being said, if we see the US dollar sell-off drastically, it is likely that the silver market may catch a bit of a bid, at least temporarily based upon that alone. According to fxempire.
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading
XAGUSD UPDATESilver, like gold, failed to break through the trendline level.
If the price breaks through the 23.44 mark, it may be possible to short once more.
targeting 21.8 and 21.4
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.
happy trading to all
SILVER:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|LONG🔔Inflationary pressures remain elevated, as evident in last week’s PPI data out of the US. Supply chain disruptions and port delays will continue to keep costs high for producers, which will filter through to CPI data. The US Dollar came under pressure after dismal confidence data out of the US, which dropped to a decade low. Since silver and other commodities remain priced in US Dollars, it provided a boost to price action. The delta variant of the Covid-19 pandemic is likely to depress economic data for the rest of 2021, adding another bullish factor for gold and silver.
Geopolitical tensions, especially out of Afghanistan, might not contribute on a stand-alone basis, but once added to the mix of issues for the global economy, they add their weight. Equity and cryptocurrency markets ran away over the past month, and traders should prepare for a correction. A sell-off can further raise the price of precious metals, and silver has the most to recover. Chinese economic data also disappointed this morning, a trend likely to be repeated around the world.
The forecast for silver is slowly turning bullish following its flash crash last Monday.
Silver Price Movement Breakdown Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The XAGUSD price has broken out and dropped from 25.96 to 22.08 in the last couple of days near a 14% drop in price, the Market was trending in a downward channel but it has been broken on Aug 9 where the price dropped from 24.31 and created a long shadow Bearish candle and hit the 22.10 range. The XAG/USD has a critical support around $23.20. A break lower would expose the $23.00 area that if broken, should trigger a bearish acceleration.
The market price was able to stabilize a bit after that drop and it's trending 23.55 right now.
We can notice a couple of scenarios for the market price movement for the next few days.
Scenario 1:
The Market price is trending at 23.45, near the first support level at 23.27 the Bulls will try to gain control back but most likely they will fail and the price will drop even more and its gonna be headed near the major support area at 22.84, where the real battle between the Bulls and Bears will be. If the Bears were able to keep control then a further drop in price will happen.
Scenario 2 :
The market price is trending at 23.45 if the Bulls were able to get some support behind them then we could be seeing the price going up and hitting the first resistance line at 23.70, Then The Bulls will test the bears strengths at that level, if they fail and the bears took control then we will see what's happening in Scenario 1 come to life, If the bulls were able to break that resistance level then we could be seeing a small bounce back up near the 24.13 level.
Technical analysis showing :
1) The Market price is below the 5 10 20 50 100 200 MA and EMA, Strong sell signal
2) The MACD below the zero line showing that the market is in a Bearish state, with a negative crossover between the MACD line and Signal line.
3) The ADX at 37.25 showing that the market is currently trending, with a negative crossover between DI+ (10.59) and DI- (41.77).
Support & Resistance points :
support Resistance
1) 23.275 1) 23.705
2) 23.025 2) 23.885
3) 22.845 3) 24.135
Fundamental point of view :
Silver is marginally lower on Tuesday, as it remains far from the $22.10 bottom of the crash it suffered on Monday. During the American session, XAG/USD bottomed at $23.22. The metal again was able to find support around the $23.20 area and bounced to the upside.
The upside in silver remains limited despite gold rising almost $10 in a few minutes. Silver is following gold with the recovery but at a slower speed. Both metals managed to recovery despite higher US yields but were supported by an improvement in risk sentiment.
Volatility eased during the last hours but is set to remain at extreme levels on the coming session, even as metal stabilize. On Wednesday, inflation data from the US is due, and it will be watched closely as it could affect expectations about Fed’s monetary policy.
After the sharp decline on Monday, the outlook is still bearish for silver. In the very short term, a break above $23.45 (downtrend line) should alleviate the bearish pressure, and would clear the way for a test of the daily high at $23.68. According to fxstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Silver could dive againUnlike Gold, Silver corrected the steep Monday's drop in the same day, and confirmed old support as resistance.
In the past days the price consolidated in a range and a new drop is probable at this point.
I will look to sell rallies and only a close above resistance would change my bearish opinion