Does silver correct?
Hello my dears
We are at your service with silver analysis. In the drawn diagram, we considered 3 goals that there is a possibility of seeing these goals in the future.
There are 9 black dotted lines that are placed as resistance in the way of candles. We want to check the reaction of silver price when reaching these diagonal resistance levels.
If you like my analysis, support me with likes and comments. thank you
Xagusdanalysis
XAG/USD Outlook ICT ConceptsSilver Analysis (XAG/USD)
💡Previous Analysis Review:
In the previous analysis, we expected the price to have a retracement higher and then continue lower to the previous month low. However, the price ran through the previous month low without the expected retracement and is now playing above it.
📍Current Market Overview:
Currently, the price is around 29.0100. The previous week low has already been swept, and the bias is bullish due to this sweep and also because some low resistance liquidity levels have been taken.
🔍 Identifying Key Levels:
The chart highlights several significant levels and zones influencing the current market behavior:
PML: Previous Month Low
PWH: Previous Week High
BSL: Buy-Side Liquidity
SSL: Sell-Side Liquidity
📊 Key Considerations:
Current Price Position: The price is trading around 29.0100, above the previous month low.
Previous Week Low: The previous week low has already been swept, indicating a potential bullish bias.
Low Resistance SSL Levels: These levels below the current price have been taken, contributing to the bullish bias.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
Sweep PML: The best scenario for long positions would be a sweep of the previous month low.
Continuation Higher: After sweeping the PML and taking out low resistance SSL levels, we can expect the price to continue higher.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
Key BSL Levels Taken: For any short positions, we need the key buy-side liquidity levels to be taken first.
Create Low Resistance BSL: Alternatively, if we create low resistance BSL levels in the lower time frame, a sweep of those could give us a short position towards the previous month low.
📊 Chart Analysis Summary:
Bullish Expectation: The expectation is for the price to potentially sweep the previous month low (PML) and then continue higher.
Bearish Expectation: For a bearish scenario, we need the key buy-side liquidity (BSL) levels to be taken out first, or the creation and sweep of low resistance BSL levels in the lower time frame.
Understanding these key levels and the current market behavior helps in making informed trading decisions.
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XAG/USD Outlook ICT ConceptsXAG/USD Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAG/USD , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🔍 Identifying Key Levels
The chart highlights several significant levels and zones that influence the current market behavior:
• PMH (Previous Month High): A significant resistance level that has been swept.
• PWH (Previous Week High): Another key resistance level.
• PWL (Previous Week Low): A critical support level that has been swept.
• Daily FVG (Fair Value Gap): Indicates a zone of potential retracement or continuation.
• BSL (Buy-Side Liquidity): Above the local highs, indicating a potential target for liquidity sweep.
• EQH (Equal Highs): Above which lies potential buy-side liquidity.
📊 Key Considerations
• Price Swept Previous Month High (PMH): Price took out the previous month's high, indicating a potential liquidity grab and subsequent expansion lower.
• Price Swept Previous Week Low (PWL): Price recently took out the previous week's low, indicating a potential liquidity grab and a reaction point.
• Fair Value Gap (FVG): Price is reacting to the Daily FVG zone, suggesting a potential area for retracement or continuation higher.
📈 Bullish Scenario
• Sweep of Previous Week Low (PWL): The recent sweep of the previous week low (PWL) indicates a potential bullish reversal.
• Reaction to Daily FVG: Price is currently reacting to the Daily Fair Value Gap (FVG), indicating potential for a retracement higher.
• Targeting BSL and Higher Levels: The bullish scenario involves a move higher, targeting the buy-side liquidity (BSL) levels above the local highs and potentially the previous week high (PWH).
📉 Bearish Scenario
• Expansion Lower After PMH Sweep: The expansion lower after sweeping the previous month high (PMH) suggests bearish pressure.
• Failure to Hold Daily FVG: If price fails to hold within the Daily FVG, we could see further downside movement.
• Targeting Lower Support Levels: The bearish targets include previous sell-side liquidity (SSL) levels and potentially the lower support levels marked out on the chart.
📊 Chart Analysis Summary
The XAG/USD chart indicates a potential bullish move following the sweep of the previous week low (PWL) and the reaction to the Daily Fair Value Gap (FVG). The bullish scenario targets buy-side liquidity (BSL) levels and potentially the previous week high (PWH). However, if the Daily FVG fails to hold, a bearish scenario could unfold, targeting lower support levels and sell-side liquidity. Confirmation on lower time frames will be essential for validating the setups in both scenarios.
🙏 Thank you for joining us!
Exploring XAG/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
SILVER.. at today supporting area? hold or not???#SILVER.. perfectly placed day low according to our video analysis and keep close that region because its our today most importnat region as a supporitng area.
if market hold it that only case you can see again bounce from here other not.
that region is 30.90 around.
good luck
trade wisely
XAGUSD SILVER Robbery Plan To Loot MoneyMy Dear Robbers / Traders,
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Note: 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, Use Trailing SL to protect our money.
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Stop Loss : Recent Swing Low using 3h timeframe
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of 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.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
#SILVER: Time for another bullish move? Comment down your views!OANDA:XAGUSD
Price is in sideways in smaller timeframe, possible price was waiting for fed decision on interest rates, however, the news came out to be mixed. It is still not (100%) clear that the price will rebound straightforward. Likely, we will see mix price actions in coming time. Good luck and trade safe.
**Trade safe and if you like the idea and matches your bias, like and comment the idea, for more follow us**
Team SetupsFX_
XAU-USD
The chart for Silver/US Dollar (XAG/USD) on a daily timeframe shows a bullish "Double Bottom" pattern around the 28.60 USD level, indicating potential reversal of the recent downtrend. This pattern suggests strong support, as the price has bounced off this level twice. The current price is approximately 29.038 USD.
A significant resistance level is identified around 32.00 USD, where the price has previously faced selling pressure. If the price breaks above this resistance, it could signal further upward momentum. The chart projects an upward movement towards this resistance, represented by a yellow arrow, suggesting that the price might initially face resistance but is expected to rise.
Historical support around 26.00 USD is also highlighted, providing context for potential price movements. The yellow and red highlighted areas mark these critical support and resistance zones.
In summary, the chart indicates a bullish outlook for XAG/USD, supported by the double bottom pattern and strong support at 28.60 USD. The key resistance level to watch is 32.00 USD. Traders should monitor the support at 28.60 USD to confirm the double bottom pattern and potential upward trajectory.
Silver - One of two (bullish) scenariosOANDA:XAGUSD recently broke a lot of strong, previous resistance towards the upside.
Silver, metals in general, are experiencing increasing demand in 2024. Therefore, prices of Gold and especially Silver have been increasing for the past couple of months. Silver broke two major previous resistance levels towards the upside and these two levels are now obviously acting as support. If Silver manages to retest these areas, a bullish reversal will occour quite likely.
Levels to watch: $25, $27.5
Keep your long term vision,
Philip - BasicTrading
SILVER TRADE IDEA : SHORT (18/06/24)SILVER has failed to close above recently created liquidity pools, confirming to me that order flow to the downside will continue. Price continuously enters points of interest and keeps being rejected to the downside. If the next 4H bar closes out strongly in the red, we can see a continuation of this sell.
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.
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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.
XAGUSD NEXT MOVE POSSIBLEXagusd Breakout blue Trend Line After Retracement We Can take Buying Arount 22.81
and we can hold Tp 23.31 Tp 24 Upto 24.47 Dont Miss this Opportunity its Not A signal
its just analysis after confirmation signal will be available in premium channel and
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