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Silver / U.S. Dollar

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XAGUSD trade ideas

Silver / USM1Here we see how, despite silver appreciating greatly since 2019, because of the enormous increases in USM1 currency, silver is currently the cheapest in 60 years relative to the M1 Supply (now 18 trillion). In the peaks of 1980 and 2011, where a nominal price of £50 was seen, if we correct that for the huge quantities of fiat currency printed, these adjusted prices were over $2000 and $800 respectively. Silver is still getting cheaper to M1, yet if we see a spike to the top of the channel, that would be a $220+ ounce with todays M1. If this occurs in say a few years with M1 up >20%, we could see high $200 to $300.
TVC:SILVERLong
by Shauns_Trading
1
Could silver outperform next year?Gold has had a tremendous year, having added 35% from early January to its new all-time high in October. Perhaps it’s more accurate to say that it had an incredible eight months, rallying from below $2,000 in mid-February to $2,790 at the end of October, for a gain of 40%. But it has struggled since then. Fundamentally, there’s evidence that certain newer, and perhaps more enlightened, central banks (led by the People’s Bank of China) remain strong buyers. But the dollar’s rally since late September hasn’t flattered the gold price, although it now appears to be consolidating quite happily just above $2,600. The Fed’s hawkish rate cut before the holidays has also failed to boost gold’s short-term appeal. It’s possible that gold may get a second bite of the cherry in 2025, particularly if investors sour on equities, and look around for alternatives. But it could be that next year will prove to be silver’s turn in the spotlight. Silver began the year below $24 per ounce. But it came within a few cents of $35 at the end of October for an overall gain of 46%. This was still significantly below its all-time high just shy of $50 from 2011. And since October, silver has lost around 15%. A look at the chart suggests that there could be a head and shoulders developing, which would be completed once silver gets back to $28 or thereabouts. That would also see the daily MACD reset at oversold levels. Busted flush, or opportunity?
TRADENATION:XAGUSD
by TradeNation
Silver H4 | Rising into overlap resistanceSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 29.78 which is an overlap resistance. Stop loss is at 30.30 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance. Take profit is at 28.80 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAGUSDShort
by FXCM
Bearish drop off 38.2% Fibonacci resistance?The Silver (XAG/USD) is reacting off the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 29.97 1st Support: 28.00 1st Resistance: 30.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAGUSDShort
by ICmarkets
Silver Sell-Off Alert: 10% Drop Dead Ahead● After hitting a high of $34.87, the price entered a notable consolidation phase, eventually created a Head & Shoulders pattern. ● Following the breakdown from this pattern, the price also fell beneath its trendline support, paving the way for a more significant decline. ● Immediate support is anticipated at the $27.8 level. ● If the price drops below this threshold, it could plummet to $26.5, representing a 10% decrease from the current position.
OANDA:XAGUSDShort
by NaranjCapital