SILVERCFD trade ideas
SILVER POSSIBLE SELL?The market is currently testing the current Weekly 0.61 & 0.786 Fib area. Based on Daily & 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see SELLERS coming in strong should the current level hold.
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Silver is still flirting with its key short-term resistance areaLooking at the current technical right now, we can see that MARKETSCOM:SILVER bulls are trying to find strong grounds to lift themselves and travel back to the current all-time high. However, certain boxes have to be ticked first, before we can get a bit more comfortable with further action to the upside.
TVC:SILVER
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SILVER Is Very Bearish! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 32.444.
The above observations make me that the market will inevitably achieve 30.847 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Silver (XAG/USD) Gaining Momentum – Next Target $32-$33?Silver is showing strong bullish momentum, currently trading around $31.53, with a +1.25% gain. The price has broken above key resistance levels and is now trading above the 200 EMA (currently at $30.48), which signals a potential continuation of the uptrend.
There's a fair volume range above, along with an internal liquidity level (Int. LQ), which could act as the next target. The market has already filled a previous market block (MB), suggesting that the structure is clean for further upside.
If this bullish momentum holds, the price could push toward $32 - $33 in the short term. A retest of support near $30.50 (200 EMA) would still keep the uptrend intact.
SILVER Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for SILVER is below:
The price is coiling around a solid key level - 32.147
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 32.524
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
XAGUSD SILVERSILVER rejected 33.376 on Friday, followed the same path with gold. Silver is significantly influenced by industrial demand, with over half of its total demand coming from industrial applications , renewable energy and semiconductors taking larger share. This makes it more sensitive to economic cycles than gold. Silver acts as an alternative inflation hedge in times Geopolitical risks and uncertainty which could make investors look into silver as a safe-haven asset.
Am bullish on silver and it will out shine gold based on large scale industrial demand for complex military application.
Silver relative to GBP/ GBM2We see silver is now gaining over GB M2 expansion in GBP. Therefore it is being used as a hedge and offers real gains as well as keeping up with GB M2. With GBM2 doubling every 9 or so years (8.% per annum), by 2035 the bottom, mid and top of the channel will become £50, £92 and £170 is M2 doubles from now.
Next week Idea The rejection at 33.165 was massive. I saw it late that's why I didn't share in my insight before the massive drop form that point of interest.
Next wee might just be bearish for most of the days, probably Tuesday would be the weekly high, Thursday and Friday weekly low.
What's your insights on Silver?
Kindly boost of you find this insightful 🫴
Silver Bullish Pennant breakout retestThe Silver (XAGUSD) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The price action creates a sequence of higher highs and higher lows. The recent consolidation appears to be breakout and a retest of a bullish pennant.
The key trading level is at 3171, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 3171 level could target the upside resistance at 3274 followed by the 3308 and 3340 levels over the longer timeframe.
Alternatively, a confirmed loss of 3171 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 3125 support level followed by 3076.
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Silver's Bullish Momentum: Can It Rally Another +12.14%?Hey Realistic Traders, A lot of uncertainty looms after Donald Trump was officially sworn in as President. Will Safe Haven Assets, such as OANDA:XAGUSD Rise Again?
Let's dive into the analysis...
Silver has tested the EMA-200 line more than twice in the past year. This retracement often signals a strong bullish trend.
On the daily chart, Silver has formed a falling wedge pattern, followed by a breakout. The breakout, combined with a bullish MACD crossover, suggests the trend is likely to continue upward.
Based on these technical indicators, the price is projected to rise toward Target 1 at $33.0811 or potentially Target 2 at $34.5649, as long as it stays above the critical stop-loss level of $28.7040
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"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".
Strong cash inflow - SilverGiven the increase in metals and the stability of silver prices, silver can be considered a very good option for a 6-month investment. In this analysis, it is necessary to mention the past increase in silver, and since the volume of this increase was very large, it is likely that this upward trend will continue in this analysis.
Sasha Charkhchian
Silver- Rise above 33After dipping below the 31.70 support level twice, silver managed to recover and is now testing the key 32.30 resistance zone again.
Given the chart structure and price action over the past 48 hours, I believe an upside breakout is likely, with the potential for acceleration above 33.
In conclusion, my strategy is to buy on dips, with invalidation set below the recent spike low.
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