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Silveranalysis

XAGUSD - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
OANDA:XAGUSDLong
by Tradelikemee
Silver Linings Trade BookAt the expense of using a mixed metaphor, silver may at times appear to be a mercurial trading instrument. Even if you only trade silver as a CFD product, utilising pure technical analysis, and without holding any of it as a physical asset, you should still be aware of the macroeconomic context that influences this metal alongside supply and demand fundamentals. Silver, according to many players in the market, is heavily manipulated by some of the big banks as well as the U.S. Fed and Treasury. By manipulation, we mean a suppression of the real price of silver given bullish fundamentals that should translate into much higher prices. Let’s first discuss the safe haven nature of silver. Four precious metals typically interest safe haven investors, namely gold, silver, platinum and palladium. It may come as a surprise to many that gold is not always the strongest and safest of havens and indeed during certain periods, silver, along with platinum and palladium, has acted as a safe haven when gold has not. Silver has been resilient in this regard as seen through the Covid-19 pandemic when its position as a safe haven asset climbed 47.89% between 31/12/2019 and 31/12/2020 compared to 25.12% for gold, 25.86% for palladium and 10.92% for platinum during the same period. Silver’s backbone though is built from its use as an industrial metal and although industrial demand has been fickle since Covid-19, that’s still not been as fickle as investment demand since that time. As of January 2020, industrial buyers accounted for more than 50% of demand for the metal. Recent bearish economic data from key markets such as the U.S., China and Germany has put a lid on any attempts at a parabolic move eyeing the highs of Feb 2021 despite gold hitting an all-time high recently. When the global economy emerges from troubled waters, the global drive for cleaner energy will resume in earnest and make silver a key decarbonisation trade and we may see a resumption of the 2020 bull run. There is still room for a momentum rebound with a change in sentiment and consequent space to manoeuvre between where we are at the moment and the $30 high reached in early Feb 2021 and between that top and the all-time high of $49 in 2011. Technical traders using leverage on gold CFDs, especially intra-day traders, get nervous when they look at the price action of silver in comparison. Silver’s price action is not as smooth as gold’s and the daily ranges may also appear tighter in comparison but this is in part due to silver’s wider use in industry compared to the yellow metal. As a result, silver has more cyclical characteristics than gold but this helps contextualise patterns and trends for trade analysis. Traders are losing out on not trading silver because intra-day trades as well as swing/position trades can offer an excellent risk to reward ratio with this instrument. Silver, like gold, is also offered by many brokers with a very reasonable spread and ones that are also much lower compared to platinum and palladium. As always, remember that when you go to market, be careful out there.
TVC:SILVER
by BluetonaFX
7
Silver Price Analysis: Exploring Resistance, CP, Volume, Events Upon analyzing the chart, it is evident that silver has been trading within a parallel channel for almost a year, indicating a well-defined price range. In the previous trading session, the price of silver reached the resistance line of this channel. For short-term traders, a critical resistance level to watch is 74060. If this level is not surpassed convincingly, it could lead to a potential downturn towards the control price (CP) line. It is worth noting that silver has yet to test the CP line and the 100-day moving average (MA) successfully. Taking into consideration the parallel channel pattern, it suggests that silver prices may experience a decline towards levels around 73000 , 71800 , and 71360 . Furthermore, volume plays a significant role in the current scenario. Short-term investors should be cautious and await a successful breakout of the channel for a potential upside move towards price levels of 74900 , 75560 , and even exceeding 76800 . Monitoring the volume and price action closely will provide further insights into the market direction and potential trading opportunities. As a market participant, it is important to closely monitor the following market-moving events, as they have the potential to impact the prices of gold, silver, crude oil, and natural gas: Monday, Jun 12, 2023 23:30 Federal Budget Balance (May) and Note Auctions: These events have a medium impact and can provide insights into the economic health of the country, potentially influencing investor sentiment and market movements. Tuesday, Jun 13, 2023 11:30 Employment & Unemployment, Avg Earning Index, Claimant Count Change: These medium-impact events provide crucial data on the labor market, which can have a significant effect on commodity prices. 18:00 CPI and Core CPI: These high-impact events reveal the inflation rate, which is closely watched by traders as it can impact the value of commodities. Wednesday, Jun 14, 2023 02:00 API Weekly Crude Oil Stock: This medium-impact event discloses the inventory levels of crude oil, which can influence crude oil prices. 18:00 PPI and Core PPI: These medium-impact events measure changes in producer prices and can affect commodity prices. 20:00 Crude Oil Inventories: This high-impact event reports the weekly changes in crude oil stocks, which can impact the price of crude oil. 23:30 Fed Interest Rate Decision & Projection, and FOMC Economic Projections & Statement: These high-impact events provide insights into the monetary policy decisions of the Federal Reserve, which can have a broad impact on commodity markets. Thursday, Jun 15, 2023 00:00 FOMC Press Conference: This medium-impact event involves a press conference following the Federal Reserve's interest rate decision, providing further context and potential market-moving statements. 18:00 Import Prices MoM & YoY: This low-impact event reports changes in import prices, which can indirectly affect commodity prices. 20:00 EIA Natural Gas Stocks Change: This low-impact event reveals the weekly changes in natural gas inventories, potentially impacting natural gas prices. Friday, Jun 16, 2023 01:30 Net Long-term TIC Flows: This low-impact event discloses the flows of international capital, which can have an indirect impact on commodity markets. 17:15 Fed Waller Speech: This low-impact event involves a speech by a Federal Reserve official, which may provide insights into monetary policy and influence market sentiment. 19:30 Michigan Consumer Sentiment: This medium-impact event measures consumer confidence, which can affect demand for commodities. Monitoring these events will help traders and investors stay informed about potential catalysts that can impact the prices of gold, silver, crude oil, and natural gas.
MCX:SILVER1!Long
by freestocktips
Silver may shine above mid channel ResistanceSilver futures tried to jump unsuccessfully above the Mid channel line resistance but has been unsuccessful so far. Closing above 74324 will unleash a new bull run in Silver which might have resistances at 76341 and 78000+. The two resistances can also be considered next targets in case of closing over 74324. In case the mid channel line proves to be potent resistance the supports for Silver future are at 72850 and 72490 (Major Support). If 72490 is broken by any chance next supports are at 70174 and 68017.
MCX:SILVER1!Long
by Happy_Candles_Investment
Silver Ready for Giant BreakoutSilver made a symmetrical triangle formation from 1988 to 2004 and broke this formation in 2004. Its peak and order block in 1983 worked as resistance in 2006 and as support in 2008 and 2020. I think the peak Silver did in 2011 was an order block too. The reason for this is that this order block was rejected in 2012. The symmetrical triangle formation it has made since 2009 is also in the critical region now. I can say that I am waiting for the scenario of breaking up of the symmetrical triangle. I think that the scenario that will emerge after this break will be similar to the 2004 - 2012 scenario.
OANDA:XAGUSDLong
by YavuzAkbay
5
BluetonaFX - SILVER CHART UPDATEHey Traders, This chart ideas was shared last week. We shared targets and highlighted that if we saw support break below 23.854 pivot point, we will see the level below open to 22.904. This was hit perfectly once the level was broken. We are now seeing the SILVER PIVOT CHANNEL (OUR UNIQUE WAY TO DRAW CHANNELS) bottom being respected. UPDATED LONG RANGE TARGETS TARGET 1 - 23.854 TARGET 2 - 24.681 TARGET 3 - 25.097 TARGET 4 - 25.518 As long as price maintains above this level we should see a test to our targets above. We will trade this movement in stages from support to resistance and maintain a Bullish stance overall. Please like, comment and follow to support us, we really appreciate it. BluetonaFX
TVC:SILVER
by BluetonaFX
2
XAGUSD Trading Plan - 16/May/2023Hello Traders, Hope you all are doing good!! I expect XAGUSD to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
OANDA:XAGUSDShort
by For3xScalper