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Silveranalysis

Silver 1day overviewSilver fell to around $21 per ounce, the lowest in over six months, pressured by the interest rate jitters, surging bond yields, and a stronger dollar. In its latest meeting, the Fed signaled one more hike for 2023 and a slower monetary easing in 2024, which confirmed the interest rates would have to stay elevated longer, raising the opportunity cost of holding non-yielding bullion. Additionally, the ISM Manufacturing PMI rose well above market expectations to 49 in September, supporting the case for the regulator's hawkish tone. Still, silver prices remained underpinned by tight supply, the development of solar panel technologies with higher conduction needs, and hopes for an economic recovery in China after the country's manufacturing activity returned to expansion for the first time in six months. Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producers of silver are Mexico, Peru, and China followed by Australia, Chile, Bolivia, United States, Poland, and Russia. If you like it, hit the like button and share your charts in the comments section. Thank you.
TVC:SILVER
by CryptoSanders9563
2
BluetonaFX - SILVER Triangle Break SHORT IdeaHi Traders! SILVER is approaching the trendline support of its symmetrical triangle and there is a possibility of a breakout to the downside. Price Action 📊 There was a momentum break and close below the 20 EMA along with market swings showing lower highs and lower lows. We are looking for a break and close below the trendline support. Fundamental Analysis 📰 The market's demand for Silver is currently low due to current high demand for the US dollar. Support 📉 22.232: TRENDLINE SUPPORT Resistance 📈 22.868: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
CAPITALCOM:SILVERShort
by BluetonaFX
3
Silver will show STRENGTH! Hello community! Well, beyond to the strong Demand that we have had since end of June: - Adding EMA 50, you'll see a long shadow trying to cross the line, showing us price change. - Comparing to Silver Futures for December, the contract is also changing direction after going to a resistance, ths increasing its value. - Using the DXY as a comparison, the Dollar seems to be weak after reaching again the 106.650, this is a price that shows a strong sign of a resistance for the next few times.
OANDA:XAGUSDLong
by AFCapital21
Silver - Is it finally time?Why go long? - Right at red uptrend - Gold closed gap today @1867 - Dollar looks like its topping out (11 green weeks in a row! - time to be contrarian), rates likely to top soon too - Area around 200 Week MA @22,57 has been proven support many times - In the last few years espacilly good visible in 2021 there was always quarter end selling in september followed by at least a bounce in the coming month - Physical market is still in deficit - CoT once again looks good, probably even better after the last few selling days So, is it finally time to break this yellow down trend and run? Taking ~2% risk, daily close below 22,11 and I´m out
FOREXCOM:XAGUSDLong
by AnRuaN
Now that Silver Exhibits Upside Potential, What Next?Silver has successfully breached the H4 trendline, and also establishing both a higher-high and a lower-low, with a closing price exceeding 23.59 indicating its potential to rally towards the next resistance level. Over the coming days, a retracement in silver price is envisaged, preceding another anticipated impulsive move. N.B! - XAGUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #silver #xagusd
OANDA:XAGUSDLong
by BullBearMkt
Silver- Price could rise to 24.50 (more than 1k pips)In my 13 September analysis on Silver, I said that the price could lose support and drop to the next important one at 22.30. The next day, the market did exactly this and touched the indicated zone. However, this was just liquidity grabbing with XagUsd quickly rising back above the 23 figure on 15 Sept. Just like XauUsd, Silver also reversed yesterday from the new top, leaving a Pin Bar on our chart, nevertheless, the structure remains strongly bullish, suggesting continuation. In conclusion, dips should be bought with a 24.50 target.
OANDA:XAGUSDLong
by Mihai_Iacob
14
Potential Close Above 23.59 Will Validate H4 Silver BoSIF silver could possibly close above 23.59 on H4, it would have established a higher-high and higher low and potentially break the downtrend structure on H4. However, failure to close above 23.59 level may cause the metal to fall into further consolidation before another downtrend move... N.B! - XAGUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #silver #xagusd
OANDA:XAGUSD
by BullBearMkt
silver ( xagusd ) Long Term Trading IdeaHello Traders In This Chart silver HOURLY Forex Forecast By FOREX PLANET today silver analysis 👆 🟢This Chart includes_ (silver market update) 🟢What is The Next Opportunity on silver Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAGUSDLong
by ForexPlanet20