Long

XAG BUY SETUP

Updated

Based on year high and low, Ive worked out using GANN Square that XAG is rotating a full 270 deg from 17.220. To complete a 360 deg the price would have to fall to 15.947.

I believe Silver is used to Cap the Gold market and as such there is lots of volatility. Here are three trades. Im interested to hear more from traders about XAG and GANN !

I have been a physical trader of Silver for 17yrs, I have only been trading prices for 18 months, my opinions are my own and I am here to learn as much as I can. Gl everyone.

Buy 16.229
target 16.842
SL 16.135

Buy 16.088
Target 16.654
SL 15.993

Buy 15.946
Target 16.512
SL 15.852

Trade active

Trade active @ 16.229 I have placed tight Sl @ 16.135, I would like to know what other traders think about my Three Buy Strategy, all with tight Sl ?

Note

New low of the month Hit 16.160

Ag is pulling the Au price down

Note

Ive drawn down a Fibo from 16.229 to 15.946, This is the accumulation zone!

Just to give some context to this buy zone. Algos seem to have this XAG firmly in their grip and I suspect targeting the round no !

Im removing my Sl on all Buys and moving it to 15.852, any dip below 16 will be jumped on by wholesalers I suspect!

Note

A bounce off the 0.618 fibo @ 16.121 I dont see this aggressive Algo allowing the PM LBMA fix to close above the opening 16.318

lets see, its nice to be in the green!

Note

Woke up to this chart, we making money now and moving in the right direction. I would like to see us get above the 16.371 today to affirm the bottom is in!

Trade closed: stop reached

SL HIT as an Idea this failed, however if you have a tight SL @ 15.805 as suggested this am I still think its worth the gamble.

XAG will lead the way in XAU price recovery!

warrenhood

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