Silver’s Deep Retrace: Long Setup with Bullish Potential I’ve entered a long trade on Silver (XAG/USD) after observing a deep retrace to the 0.7 Fibonacci level on the daily timeframe. The entry at $28.96 is positioned strategically based on historical support and the current technical setup.
The stop loss is set at $26.54 to mitigate risk, while the take profit target is $36.00, aligning with a potential bullish continuation. In the bearish scenario, a break below $27.50 will prompt a reassessment and tighter risk management. Conversely, on the bullish side, breaking above $32.50 will strengthen the case for holding towards the TP.
Silver’s price action showcases its potential for a significant bounce back, supported by current geopolitical and macroeconomic conditions.
Fundamentals:
1. Federal Reserve’s Hawkish Stance:
The Fed’s updated projections for rate cuts in 2025 have pressured silver prices, as a stronger dollar and rising Treasury yields (above 4.5%) diminish the appeal of non-yielding assets. However, easing inflation in the long term could rejuvenate demand for precious metals.
2. Geopolitical Tensions:
Although silver traditionally benefits from uncertainty, recent macroeconomic headwinds, such as concerns about tariffs under the new Trump administration and sluggish global economic recovery, have overshadowed its safe-haven status.
3. Industrial Outlook:
Challenges in the industrial demand for silver, particularly from China’s solar panel production slowdown, add pressure. However, as inflation stabilizes and geopolitical risks unfold, silver could regain its industrial and safe-haven allure.
Technicals:
• Entry: $28.96
• Stop Loss: $26.54
• Take Profit: $36.00
• Key Levels:
• Bearish Scenario: Manage position below $27.50.
• Bullish Case: Strength above $32.50 confirms upward momentum.
This setup leverages a confluence of technical retracement, macroeconomic factors, and the potential for a trend reversal. Stay sharp and pay yourself as the market unfolds.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Xagusdlong
Mon 25th Nov 2024 XAG/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD Buy. Enjoy the day all. Cheers. Jim
XAGUSD - UniverseMetta - Signal#XAGUSD - UniverseMetta - Signal
D1 - Formation of the 3rd wave.
H4 - Exit from the channel + working out the ABC structure. You can try to enter from these levels.
Stop behind the minimum of the 2nd wave.
Entry: 31.53334 - *31.29743
TP: 31.92113 - 32.67554 - 33.40175 - 34.54394
Stop: 30.59562
XAGUSD Silver: Is the Bullish Breakout Here to Stay?👀👉 Silver (XAG) has been gaining bullish momentum, with a clear breakout in market structure visible on the daily and 4-hour timeframes. My bias remains bullish, and I’m closely monitoring a retracement into the Fibonacci 61.8% zone for a potential entry. In this video, we take an in-depth look at Silver, applying a trend continuation strategy to identify high-probability setups. Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always conduct thorough research before making trading decisions. 📊✅
Silver Gains Traction: Short-Term Upswing Expected● Silver continues to exhibit a robust uptrend, having recently touched an all-time high of 34.9 before retracing to its key support zone around 29.8.
● Following a successful bounce off this level, the metal is now regaining momentum, positioning itself for further gains.
● Notably, the immediate resistance level – aligned with the 50% Fibonacci retracement, just 3% above the current price – presents a prime short-term buying opportunity for traders to ride the anticipated upswing.
XAGUSD (Silver) Weekly - Potential High-Probability ReversalOn the weekly chart for XAGUSD (Silver), there are signs of a potential reversal setup contingent on this week’s candle close. Price recently tapped into a high-probability Fair Value Gap (FVG) that had previously broken structure, displacing price higher. A swing low was established above a key high, and this low has since been swept, indicating possible liquidity capture. Price is now interacting with the FVG while taking out this swing low, hinting at a possible reversal.
If this week’s candle closes above the FVG and the recent low, we could anticipate a strong push to the upside in the coming weeks, with an initial target around 34.88981, aligning with the next area of buy-side liquidity.
Always remember: DYOR (Do Your Own Research).
XAGUSD updateSilver has formed a descending trend line and broke it so now we can expect this pair to retest the blue upper trendline on the higher timeframe so we can enter a buy position now and once he reject the high trend we can close our buy and enter a sell trade
Follow us for more update
Safe trading
Silver price down 1.75% (intentional I think) to take longs out.
A lot of people were long on gold and silver on thursday and I think that it was planned to keep the price selley today to take out stops.
Anyway, XAGUSD is down 1.75% and about 31.38 now. I think the price will move swiftly back up if buyers are there.
Join the friday afternoon free silver train long and get paid to do nothing.
Silver very bullish now. Giving its usual false breaks earlier
As I mentioned for Gold price and Silver, although overextended a bit in price still, I am seeing momentum swinging back for the bulls and on the important bigger timeframes like 4hr and daily.
This chart is a recent Fibs pullback. Check it out below.
Silver: Time to Take a Long Position..?Silver has successfully broken through the resistance level at 32.200, indicating a potential upward trend. The asset has not only surpassed this key level but has also undergone a retest, confirming its strength and stability at this price point. This dual occurrence suggests that the market has tested the new support level and found it to be viable. As a result, we now have sufficient confidence to proceed with entering a long trade, capitalizing on the bullish momentum.
Bullish Divergence Formed on SILVER XAGUSDWe have a bullish Div here on Silver 45min TF.
Divergence is not completely fool proof, however 7 out of 10 times, they give you a win and push into green, giving you an oppurtunnity to cut your stoploss in half.
There are 3 possible rejective price levels on chart. Which may send price back on a bearish rally. However once price breaks 32.50 it should retest rejection price level 1.
This will be interesting to watch play out this week, once markets reopen in 3 to 6hours, Be mindful of market open CME Gap. OANDA:XAGUSD
Silver - Just Starting The Parabolic Rally!Trading update on Silver ( TVC:SILVER ):
Click chart above to see the detailed analysis👆🏻
Silver just perfectly completed the bullish break and retest and is about to reject the next horizontal resistance level. However everything is still significantly bullish and I honestly do expect a breakout soon. Following the previous cycle, Silver might rally another +35% from here.
Levels to watch: $34, $45
Keep your long term vision,
Philip (BasicTrading)
XAGUSD (Silver) still BullishMonthly Chart
The monthly candle is still bullish.
Weekly Chart
Weekly candle closed as indecision candle while the trend is still bullish and we are expecting the price to at least retrace towards the middle of previous IPA (or FVG) candle of previous week and then resume higher. Next Target above 35.15 level.
Daily Chart
We will be looking a bullish structure around 32.47 or slightly lower for a buy entry. Next target around 35.15 level.
XAG/USD "SILVER DOLLAR" Market Money Heist Plan on Bullish Side.Bonjour! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XAG/USD "SILVER DOLLAR" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Attention for 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, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
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 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Silver Shines Brighter: A Bullish Run to $39.62 After Rate Cut?Hey Realistic Traders, let’s dive into the analysis of OANDA:XAGUSD
On the daily timeframe, silver has consistently traded above the EMA100, signaling a strong bullish trend. Additionally, it has broken through the upper trendline of a wide descending broadening wedge pattern . This breakout, confirmed by a bullish Marubozu candlestick, indicates strong buyer momentum. The MACD’s bullish crossover further supports the expectation of continued upward movement.
With these technical indicators in alignment, we anticipate silver advancing toward Target Area 1 at 36.76 and potentially reaching Target Area 2 at 39.62. However, the support level at 27.59 remains critical; a break below this level could invite bearish pressure.
In the broader macroeconomic landscape, central banks across multiple countries are enacting rate cuts to stimulate growth amid slowing economic conditions. Combined with declining manufacturing PMIs, geopolitical tensions, and the US-China economic slowdown, these factors heighten uncertainty. As a result, safe-haven assets like silver and gold are expected to benefit, as investors seek protection against market volatility. This influx of demand may provide further upward momentum for silver prices.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Silver.
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Silver Lining: Breakout Signals Imminent Price SurgeThe price previously formed a Falling Wedge Pattern, and after breaking out, it entered a phase of consolidation.
This led to the emergence of a Symmetrical Triangle pattern on the chart, and with a recent breakout, silver is now trending upward.
Key level to watch
First target - $32.2
Second target - $33.0
It is recommended to set a strict stop-loss just below the $30.9 level to mitigate significant losses.
XAUUSD Bullish setup this week**Monthly Chart**
XAGUSD last monthly candle closed bullish after testing the liquidity of Jan 2013 liquidity pool.
The monthly engulfing candle indicates a high probability for Sliver to continue its trend higher at least to take liquidity above the 33.00 (round number) level. It also suggests that the near target high is around 36.00 and then 37.50 (Oct 2012 and Feb 2012 swing highs) Levels
This month's candle, which is still active, tested the imbalanced price action (or FVG) at around 30.00. It moved aggressively and took the high of the previous month.
**Weekly Chart**
Last weekly candle of Silver closed slightly bullish after sweeping liquidity from previous weeks lows. This gives a strong trend momentum for the price to head higher at least to hunt the liquidity above the 33.00 level. The weekly candle closed as a key reversal high.
**Daily Chart**
Last week Silver started a new swing high after it took the liquidity below 30.55 level and head higher.
This week we will be looking for a bullish structure and opportunity to at least target 33.00. This is around 200 pips moves expected on this pair.
SILVER price shorting in Asian trade Thursday
Gold and Silver price(s) are above their 200 period moving averages and their continued uptrend seems reasonable to happen in the short to perhaps medium term, before a pullback correction kicks-into-gear for the precious metals.
So far during Thursday and as the London session begins around this time, Gold is up about 0.3% and Silver is down about -0.3%, so due to this divergence in price I took a Long in XAGUSD. It's only a 1:1 trade.
#SILVER: Risk Entry Vs Safe Entry! ! Dear Traders,
The XAGUSD/SILVER price has declined since the normalization of Middle Eastern conflict tensions. These scenarios occur when fundamental pressure diminishes, resulting in market sell-offs, particularly for metals. While gold reached a multi-month low of 2607 before reversing, silver continues to decline. We anticipate a potential price reversal within two specific areas.
Additionally, we have identified three potential reversal targets. Please conduct thorough research before making any decisions regarding silver. It is important to note that the price may reverse upon reaching the first target. Therefore, a well-defined plan is crucial when trading highly volatile market instruments. We wish you the best of luck in your endeavours.
XAG/USD "The Silver" Market Money Heist Plan on Bullish SideHello My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XAG/USD "The Silver" Market Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for 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, Use Trailing SL to protect our money 💰.
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.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 1H timeframe
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
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 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂