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Silver Pauses at $30.76 Amid Solar Panel Demand DropSilver uptrend paused due to low demand for solar panels. On the technical front, the 100-period simple moving average acts as strong resistance. A dip below the immediate resistance of $30.76 will likely trigger a downtrend. In this scenario, the next bearish target could be revisiting $29.7. On the other hand, the bearish outlook should be invalidated if bulls stabilize above the 100-period simple moving average. Article: fxnews.me
FOREXCOM:XAGUSDShort
by FxNews-me
Is silver about to go BONKER!!??Good Day, Fellow traders and followers, IS SILVER ABOUT TO TO GO BONKERS?!?!?!? This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!! First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's actually the handle of the GIANT 40 YEAR cup and handle it has been in. The green lines are the support and resistance areas. Also I have added what seems to be a pattern of 50 bars bottom consolidation that does also happen to resemble a Wyckoff a pattern before a break out. Lets move on to the indicators RSI - I have drawn in a support band for the silver RSI. IT really likes the 46, 50 to 55 level before a break out. Going below here is either very bearish or the best buy in bull market. STOCHASTIC RSI - has had a massive cross recently on which chows momentum coming in to this market. RSI 3 LINES - WOW!! This looks like a serious power play for silver, ever since the RED line crossed down through the GREEN, it found support on the blue and turned right back up in big way!! Also it look like the BLUE could follow suit very soon which would confirm bullish movement for this asset as all the colors would be aligned. THE LAZY BEAR - This one is kind of a no brainer. Breaking out above and holding the 0 level usually leads to big moves higher!! ASO (SENTIMENT) - It looks like there is a 50 bar pattern here and within it could be another 12 bar pattern right before a break out. Please keep in mid every bar is monthly, so what might seem like a small pattern could be a year long. I want to add, I do believe there is a fairly substantial move coming to silver. I'm not sure where it would be going to0, however I do know that the last true resistance is at aprox $35 usd Getting above that on a monthly level could or should lead to NEW ALLTIME HIGHS in short order well above $50 usd to possibly $70 to $80 before a correction. Any Correction at that point would be considered a buying opportunity !! Please like and share this chart to all silver lovers! Also, any questions or comments are welcome down below!! Kind Regards, WeAreSat0shi
TVC:SILVERLong
by WeAreSat0shi
1
Silver downside continuation?Will we see downside continuation in Silver? Platinum broke it's trend with force this session, foreshadowing Silver's drop. If support is found and maintained in the current marked areas, we may see consolidation and stability in price. However, if the obvious trend continues, Silver may want to tag the prices marked below. Gold was choppier than it's metal cousins, but has also seen a steep decline in London trading hours. This is NOT trade advice, simply my observations. Have a nice weekend
COMEX:SI1!
by The_Lioness
Silver Gains Traction: Short-Term Upswing Expected● Silver continues to exhibit a robust uptrend, having recently touched an all-time high of 34.9 before retracing to its key support zone around 29.8. ● Following a successful bounce off this level, the metal is now regaining momentum, positioning itself for further gains. ● Notably, the immediate resistance level – aligned with the 50% Fibonacci retracement, just 3% above the current price – presents a prime short-term buying opportunity for traders to ride the anticipated upswing.
OANDA:XAGUSDLong
by NaranjCapital
1
Hmmm seemed to be false this false that in Silver. HnS Fake. Silver and Gold had this divergence right through the NY session. I think the Silver-ghost was hunting stops. I know that Gold & Silver trading is not geared towards those who may want to place bigger orders, that is frowned upon. It's an interesting concept, when one considers the massive liquidity of Gold trading, but im afraid they are bigger penny pinchers than some of the currency market makers out there. Which reminds me, I had an order in for GBPUSD and I was stop hunted in the New York session. Anyway, I said I would be making a complaint to ASIC here in Australia. That grub disguised as a grey-ghost seemingly, stole nearly $100 from me. I warned him to leave my area and stop, but his money manager would've been trying to meet mid-month targets. Which is why I generally don't use Stops. Ever notice when your buy or sell an order at market or limit, the currency or gold ghost, whatever you are trading, the price action momentarily stops and then an investigation is launched to determine who you are and where your Stop is and they do the maths on how much money they can squeeze out of you. You see, thats one of the reason they don't like me, because I no longer offer them a Stop to hunt. Another reason would be is that quite often I am an aggressive trader, an alpha male if you will, I have never allowed these scum to walk all over me. I traded 5 lots approximately in seperate orders with The-King Nividia, on Tuesday and yesterday, the trade was a pleasure to be in and price was never momentarily slowed down despite my big orders, one was 2 lots at a time, I helped move its sp from a low position on screen Tuesday to chasing the highs just before the close. Yesterday Wednesday I bought in again near the highs following a pullback in price at the start of NY, and at one stage there was a break out, but the home-run could not be made until their earning release was published after the session (which I was unawares). Trading Nividia was wonderful. I will continue to milk the gold price but I wont be an active participant. I will continue the sly carry trade. Because that is what they are, sly dogs. Now for a lighthearted look at Silver. But true. You mark my words.
EIGHTCAP:XAGUSD
by Easy_Explosive_Trading
Correction Silver and rebound down. H4 15.11.2024Correction Silver and rebound down 📉 Silver is now forming a correction from the zone from the last analysis , but I believe the overall trend down is not complete. Since a major pattern Repositioning to sell has been made, a correction is forming within the pattern and then rebounding lower. Now the correction is possible to the sellers' zone 31.10-31.56, maybe a little higher is a false move. In terms of rebound down I am oriented to the area of 28.50, but it will be corrected depending on the size of the correction. Gold is also in fall and often silver is pulling the fall. CAPITALCOM:SILVER
CAPITALCOM:SILVERShort
by KovachTrader
XAGUSD (Silver) Weekly - Potential High-Probability ReversalOn the weekly chart for XAGUSD (Silver), there are signs of a potential reversal setup contingent on this week’s candle close. Price recently tapped into a high-probability Fair Value Gap (FVG) that had previously broken structure, displacing price higher. A swing low was established above a key high, and this low has since been swept, indicating possible liquidity capture. Price is now interacting with the FVG while taking out this swing low, hinting at a possible reversal. If this week’s candle closes above the FVG and the recent low, we could anticipate a strong push to the upside in the coming weeks, with an initial target around 34.88981, aligning with the next area of buy-side liquidity. Always remember: DYOR (Do Your Own Research).
OANDA:XAGUSDLong
by INSIDER_INTEL
SILVER LOOKING FOR A SUPPORT TO START 2025 HELLO TRADERS As I can see Silver is now rejected from ATH 35$ and looking for a support to make new ATH as we had mention in our analysis for Weekley based view on Silver for incoming 2025 technically its now trading under the support zone which was 32$ we expected one more retest to that level so it kiss the Fib Golden Ratio 0.50 zone which is our selling zone till design TP Friends its just a trade idea share Ur thoughts with us Stay Tuned for more updates
TVC:SILVERShort
by APEX_TRADING_ACADMEY
Silver Heading for a Breakdown? targeting $30📉 Silver Heading for a Breakdown? ⚠️ OANDA:XAGUSD is facing a major test at $33.10. Failing to hold this level could see Silver tumbling down towards $30! 🚨 📊 Key levels to watch: Breakdown at $33.10 Major fall expected below $32.50 📉 RSI divergence and rising selling pressure signal that a correction might be on the way! 📉📉 Silver (XAG/USD) Analysis: The daily chart of Silver (XAG/USD) reveals critical insights for traders: Resistance and Breakdown Levels: Silver has reached a critical resistance zone at $33.10. Any failure to hold above this level signals a potential breakdown. $32.50 serves as the major breakdown point, and if prices dip below this, we could expect further downside movement towards $30. Bearish Momentum: The recent price action shows a lower high, which could signify weakening bullish momentum. This is further reinforced by the declining RSI, indicating bearish divergence. Next Key Support at $30: The next major support sits around $30. If Silver breaches the $32.50 mark, the expectation would be a move towards this psychological level. Volume Insight: A slight increase in volume near the recent resistance suggests strong selling pressure at higher levels. Traders should watch for any spike in volume accompanying a breakdown. Conclusion: If Silver breaks below the $32.50 level, a drop towards $30 becomes highly likely. Traders should monitor for potential bearish confirmation, especially with the weakening RSI and volume cues.
OANDA:XAGUSDShort
by profitoptionnew
Bullish on XAGUSD: X1X2 Strategy for Silver GainsAs a trader focused on XAGUSD, I'm excited about my bullish bias and the potential for significant gains in the silver market. My strategy employs the X1X2 methodology, which is grounded in probabilities, allowing me to identify optimal entry points for long positions. With silver currently showing strong momentum, especially as it approaches key resistance levels, I anticipate a breakout that could drive prices higher. The Elliott Wave analysis supports this outlook, indicating that we are in a bullish phase with potential for further upside as long as we maintain support above recent lows. By leveraging my swing trading system and the X1X2 probabilities, I am positioned to capitalize on this bullish trend effectively. Join me as we navigate this exciting opportunity in the silver market! 3D: 4H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
OANDA:XAGUSDLong
by Jasminex1x2
4