Silver on Track to be trading at $38 by Q1 2025 Still on Track to be trading around $38 by Q1 2025
Cherish this dip...
SILVER trade ideas
SILVER: Local Correction Ahead! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.48850$
Wish you good luck in trading to you all!
XAGUSD - Short TradeOn the previous week, price swept the previous month high with a great sign of weakness - market structure break.
As a target, I prefer the opposite liquidity level
Excited to see your opinion in the comments, and I'd like if you boost this idea if it was helpful for you!
Keep it simple and consistent!
POTENTIAL AREA TO GO LONG FROM SILVER 1M - As you can see I have gone ahead and marked out an area of Demand I feel will be a good place to buy in, should price retrace back down to this area. The area I have marked is a hidden order block here on the one month TF.
By price trading us down and into this area it is allowing us to get involved in this market at a better price meaning we are able to profit nicely from a new leg to the upside.
The reason I feel price may trade us down and into this area before taking us higher in the market is because there will be a-lot of Demand waiting to be introduced. On top of that Supply will be removed.
Supply will be removed from the market because those shorting will need somewhere to take profit, also the Supply that is sat within this area will also be removed closing positions at break even.
Silverbuying the retest of the broken wedge before the next level up, look for 29.5 -28.9, in case of a breakdown dca from 27.8
silver shortsilver
short
PLEASE DON’T BE GREEDY
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red Line for SHORT position
INSTRUCTIONS:
FOR risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
XAG/USD Analysis: Slight Bearish Bias Expected on 14/10/2024.The XAG/USD (Silver to US Dollar) pair is likely to exhibit a slight bearish bias today, driven by a combination of fundamental and technical factors. The global silver market is influenced by economic data, investor sentiment, and broader financial market trends. In this article, we provide a detailed analysis of the factors likely to drive XAG/USD lower, while optimizing for SEO ranking with relevant keywords.
1. Stronger US Dollar
The primary factor putting pressure on XAG/USD is the strengthening US dollar. Despite some recent softness, the US dollar index (DXY) remains elevated due to positive US economic data, particularly in the labor market. The recent release of robust non-farm payrolls (NFP) and a steady unemployment rate has reinforced the Federal Reserve's stance on keeping interest rates higher for longer. With the prospect of higher interest rates, the dollar is maintaining its appeal as a safe-haven asset, which tends to weigh on silver prices.
2. Rising US Treasury Yields
In tandem with a strong US dollar, US Treasury yields continue to rise, further pressuring precious metals like silver. Higher yields make non-yielding assets like silver less attractive to investors. The yield on the 10-year Treasury note is nearing multi-year highs, suggesting continued demand for safer, interest-bearing assets over riskier commodities such as silver. As long as yields remain elevated, silver prices are likely to stay under pressure, contributing to a bearish outlook for XAG/USD.
3. Silver's Role as an Industrial Metal
Silver is not only a precious metal but also an important industrial commodity . Given its extensive use in industries such as electronics, renewable energy (solar panels), and manufacturing, any slowdown in global economic growth tends to dampen demand for silver. Recent concerns over a potential slowdown in China’s economic growth—a major driver of global industrial demand—could lead to weaker silver prices. If demand for industrial silver weakens, this would likely contribute to a bearish trend for XAG/USD.
4. Geopolitical Tensions Easing
Silver, like gold, is often viewed as a safe-haven asset during times of geopolitical uncertainty. However, the easing of recent geopolitical tensions, particularly in the Middle East, has diminished the demand for safe-haven assets. This shift in sentiment could lead to further downside pressure on silver as risk-on market conditions prevail. If tensions continue to de-escalate, silver could see reduced buying interest, further supporting a bearish bias.
5. Technical Analysis of XAG/USD
From a technical perspective, XAG/USD is currently trading below its 50-day moving average, signaling a bearish trend . The pair is hovering near support around the $21.50 level, but a break below this level could open the door to further downside, potentially testing the $21.00 psychological support level. RSI (Relative Strength Index) is showing bearish momentum, while MACD (Moving Average Convergence Divergence) is also trending lower, indicating continued selling pressure.
6. Key Data Releases to Watch
Traders should pay attention to the following data releases, which could influence XAG/USD today:
- US Retail Sales Data: A stronger-than-expected result could boost the US dollar, further weighing on silver prices.
- Fed Speakers: Any hawkish comments from Federal Reserve officials regarding future rate hikes could add to the bearish sentiment for silver.
- China's Industrial Output: Slower growth in China’s industrial production could reduce silver demand, pushing prices lower.
Conclusion
Overall, XAG/USD is expected to exhibit a slight bearish bias today , driven by a stronger US dollar, rising Treasury yields, weakening industrial demand, and easing geopolitical risks. The technical outlook also supports a downside move, with key support levels in focus. Traders should remain cautious and monitor economic data releases that could impact silver’s price action throughout the day.
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Silver Buyers Seek Breakout as Key Resistance FallsTechnical Analysis
In the hourly chart, silver ERRANTE:XAGUSD has shown bullish momentum, managing to fill the opening gap during the European session and breaking above the key resistance at $31.298. The bounce from $30.893 reflects solid support at this level, highlighting a firm foundation for further upside movement.
If the current upward trend continues, the next targets for silver lie at $31.466, $31.548, $31.703, and potentially $31.871. The price recently closed above the middle Bollinger band, which suggests the possibility of ongoing bullish momentum. As the price trades closer to the upper band, it may face some resistance, while the lower Bollinger band could act as support if there is a pullback.
Market Overview
From a fundamental standpoint, the environment for silver ERRANTE:XAGUSD remains neutral to slightly positive. Growing industrial demand, especially in sectors such as solar energy and electronics, continues to support silver's prices. If the outlook for these sectors remains positive or if the U.S. dollar weakens, silver's price is likely to rise. The current sentiment appears to be cautiously optimistic, setting the stage for silver buyers to potentially regain control.
XAGUSD London session Chart analysisI follow photon strategy. Above idea is just to understand the possibilities what may happen. Not a Buy/Sell recommendation. Please go through annotation.
Please do your own analysis.
1D:
4H:
Silver / XAG Analysis --- 14.10.2024Silver is consolidating near the 61.8% Fibonacci level, with a potential move upward if it holds support. I expect the price to rise to the 31.869 level while managing risk with a stop-loss near 30.721.
Seeing further possible buys on sliver A SIMPLE BREAK AND RETEST in 4 hr TF... followed by a huge rejection candle. I kinda feel like I failed explaining this but next time I'll try videos.
#Silver bearish counter trend opportunityAs seen in the chart, silver has formed a 5-wave bullish impulsive move and has since begun a bearish move, which could be labeled as wave A.
As we know, corrective waves typically occur in three waves. I believe we are nearing the completion of wave B, which could lead to another bearish leg to complete wave C.
This entire 3-wave bearish move could then form wave 2 of 5 on a higher degree.
Therefore, while we might be looking at a short-term bearish move, according to Elliott Wave theory, there is still significant bullish potential in the coming weeks.
#Silver near the end of wave 3 of 5 of 3 From an Elliott Wave perspective, it appears that the price has formed wave 3 in an impulsive bullish move. Therefore, we can anticipate a bearish corrective move to complete wave 4.
Based on the principle of alternation, since wave 2 was a sharp correction, wave 4 could potentially be a more prolonged, time-consuming corrective phase. This suggests that the upcoming wave 4 correction may develop as a more complex or sideways movement before resuming the uptrend for wave 5.
It's important to note that bullish move is still on. However, we may now see a bearish corrective move.
#Silver Elliot wave analysis Based on this Elliott Wave analysis, we are likely at the beginning of a bullish wave 5. This suggests that corrective wave 4, which formed as a regular flat pattern, has concluded, and a new bullish move is set to begin.
As a result, any bearish corrective move should be viewed as a potential buying opportunity.
Let me know if you like Elliot wave analysis.
Silver - Bearish on 04 HR (Head + Shoulders)The reversal pattern on 04 HR is fully finished, and it looks like a shift to a bear market in the short term on the 04 HR chart is 99% probable. FIB level + Elliot wave theory shows the price to be dropped down to the discounted level which would be my take profit area (1 HR Support). if you want to catch a bigger trend on a higher time frame, please do so as the Silver is about to break an all-time high within weeks.
Silver Semestrial ChartThere is now a "wall" of support at 27$.
Crowd will most likely get in when the price gets very stretched above the moving average.
Price will be much higher by then.
#silver
XAGUSD View!!Front Month Comex Silver for October delivery lost 60.80 cents per troy ounce, or 1.89% to $31.520 this week
Largest one week net and percentage decline since the week ending Sept. 6, 2024
Snaps a four week winning streak
Today it is up 51.50 cents or 1.66%
Up for three consecutive sessions
Up $1.165 or 3.84% over the last three sessions
Largest three day dollar and percentage gain since Thursday, Sept. 26, 2024
Off 2.13% from its 52-week high of $32.205 hit Monday, May 20, 2024
Up 42.65% from its 52-week low of $22.096 hit Tuesday, Feb. 13, 2024
Rose 38.69% from 52 weeks ago
XAGUSD - You Should Be In Great Profit If You Bought Below $32Well done to all the smart money traders who bought below $32!
Nearly 5% movement in 3 days!
SILVER: Local Correction Ahead! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 31.28041$
Wish you good luck in trading to you all!
SILVER - Idea for a long !!Hello traders!
‼️ This is my perspective on SILVER.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. Point of interest for a long is a rejection from trendline + LZ + FIBO 0.618 level.
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#XAGUSD 4HXAG/USD (Silver vs. US Dollar) pair on the 4-hour chart is showing a support pattern, indicating that the price is holding firm at a particular level, suggesting a potential bullish reversal.
Pattern Description:
The market seems to have established a solid support level, where downward momentum is being halted. After a period of selling pressure, the price has tested and bounced off this support zone multiple times, signaling that buyers are stepping in to defend this level. This consistent defense suggests that a reversal might be imminent, as the market sentiment shifts from bearish to bullish.
Forecast:
Given the strength of the support level, the current outlook is bullish, with a potential move to the upside. The price is likely to break higher as buying momentum gathers strength. This makes it a favorable opportunity to buy, targeting the next resistance levels. However, it's important to keep an eye on any additional price action and volume confirmation before entering the trade.
Key Indicators:
- Strong support
- Price consolidating near support, indicating indecision before a potential breakout.
- RSI and other momentum indicators suggest oversold conditions, supporting the bullish forecast.
Recommendation:
Consider entering a buy position near the support level, with a stop-loss placed just below the support zone to manage risk effectively. Potential price targets could be set at key resistance areas above.
