SILVER BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on SILVER, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 28.676.
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XAGUSD trade ideas
Silver next possible moveBefore upper trendline support is broken expect market to respect trendline support am expecting market to react.in that zone n continue to trade inside parallel line,however 21 January is the day of buying more silver soo this coming week a breakout to the upside or considering to the down side toward 27........... but note that am expecting big growth for gold n silver this year,for now silver it's still on pull back and we are looking forward to take long trades 2025 I wish you all the best,I will give 3 more entries in stock market coming weeks.
Bearish reversal off overlap resistance?The Silver (XAG/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 30.70
1st Support: 29.81
1st Resistance: 31.41
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.
XAGUSD I have changed my view to bullishThe Daily Price action have now moved above the 200 daily SMA. Contrary to my previous view I think the Trend has now Bent and my previous short setup has now been stopped out. Looking to long this pair now on the 4hour time frame on a double bottom and a neckline break and retest. Lets see how it works..
XAGUSD New year LongSilver has been lingering around this big support area for a couple of days now and i feel to aid the next leg down we need to follow DOL on the sell side around $31. This coincides with trend line resistance, fib 0.5 and a nice W shape pattern.
I feel around this area will hold the liquidity for the next move back down to our macro channel and FVG daily at around $25.
This is just my take on the chart so do your own due diligence.
Lets make 2025 more profitable than 2024.
Good luck.
Thoughts and insight are welcome.
SILVER Will Go Higher From Support! Buy!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 30.244.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 31.757 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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#XAGUSD 2HXAGUSD (2H Timeframe) Analysis
Market Structure:
The price has broken above a key resistance level, which is now acting as support. This change in role indicates potential bullish momentum, with buyers likely to dominate if the level holds.
Forecast:
A buy opportunity is expected as the price respects the new support level, confirming the breakout and signaling further upward movement.
Key Levels to Watch:
Entry Zone: Near the support level after confirmation that the price is holding above it.
Risk Management:
Stop Loss: Placed below the support level to limit downside risk.
Take Profit: Target the next resistance levels or Fibonacci extensions for potential upside movement.
Market Sentiment:
The transition of resistance into support reflects strengthening buying interest, favoring upward continuation as long as the support holds.
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 29.85
1st Support: 29.50
1st Resistance: 30.70
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.
XAG/USD (Silver) Wedge BreakoutThe XAG/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Wedge After Confirmation.
Target Levels:
1st Support โ 29.42
2nd Support โ 29.04
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Evening Star canddle Bearish SignHello,
Evening Star patterns appear at the top of the uptrend and signal that the uptrend is going to reverse to a downtrend
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.
SILVER Bullish Bias! Buy!
Hello,Traders!
SILVER is trading in a local
Uptrend and the price is
Consolidating above the
The horizontal support
Level of 29.89$ so we are
Locally bullish biased
And we will be expecting
A further bullish move up
Buy!
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Potential Sell-off in Silver.Silver is at the upper end of a potential daily bear flag.
It has been attempting to retest a horizontal structure. We can also see from the red trend line it is currently in a downwards trend.
So long as we don't close above yesterday's high. The path of least resistance is lower.
Silver trend line breaks and it will be bearish (read caption)Hello dear traders and trading view usera I have prepared setup for silver and I want your reviews about it in comment section.
My setup is what is written below read and then share your thoughts about it.
This is a 1-hour price chart for XAG/USD Silver
Trend Line Break : A red ascending trendline is drawn, and the yellow highlight indicates a breakout above this trendline.
Target After Breakout : Following the breakout, the price target is suggested below at approximately $30.00, indicating a potential retracement or price movement downward.
This chart I have made suggests that a breakout has occurred, which you might interpret as a signal for a change in trend.
Kindly support me.
SILVER (XAGUSD): Consolidation is Over! Silver experienced a sudden increase earlier this week, breaking through a resistance line within a horizontal consolidation range on a 4-hour chart.
This could indicate the possibility of continued growth, with the next resistance level to watch being at 31.00.