Get started

Silveranalysis

SILVER (XAGUSD) Your Detailed Trading Plan 🪙 Hey traders, Silver is trading in a bearish trend. After a recent retracement, the market formed a cute head and shoulders pattern on 4H. 21.28 - 21.47 is its neckline. Wait for 4H candle close below that as your confirmation to sell. Then open short aggressively or on a retest. Goals will be 20.93 / 20.7 Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
7
First Majestic Silver Corp - AG | by requestI am flattered to have had a request for a chart. Special thank you to @RocketFuel20 🙂 My view of this chart is that the price action is somewhat inconclusive at the moment. That said, we CAN summarize a theme for which there is evidence to believe that this AG is NOT YET ready to buy: How does the price behave? Following a top, we observe from August 2014 - January 2016 : 1. Failed breakout; 2. a subsequent selloff (collapse tbh); 3. a little rally; 4. another subsequent selloff - after which point we develop a bottom and then takeoff with a legit and very attractive breakout. Notice this series of events takes place over roughly 17 months. Based on where we are today and the 1 - 4 summary provided above, I think it is reasonable to expect some kind of rally in the short term. Will it be the big attractive breakout? I cannot say for sure, but I remain doubtful based on the historical behavior and the "why", which follows: Now we can start to ask why , based on what we observe in in the economy today: Kicking off this post, I mention that the evidence is inconclusive at the moment. To me, $AG is not something I would buy or short, but rather I would wait until we see more of a bottom. Last, the US is raising interest rates, which means that the US Dollar is likely to gain strength (not so bullish for silver - or any precious metal... or any risk asset really). On that note, when the time comes to buy silver, I think you are better suited to buy in the spot market, as opposed to a company that produces silver to sell on the open market. So for right now, the portfolio management question becomes: would you rather own US Debt securities that are paying a guaranteed risk-free rate of return, or would you rather speculate in silver? I personally would not choose to speculate in silver, based on the data we have in this chart. Take care. God bless!
NYSE:AG
by ChiefMacro
2
Silver: CircuitousSilver seems to prefer things a bit more complicated, and thus has made a detour back above the mark at $21.25. However, as long as it stays below the resistance at $22.56, we still expect silver to directly continue the descent below $21.25 and into the lower orange zone between $18.78 and $16.88, where the overarching downward movement should end. There is a 38% chance, though, that silver could expand the detour above the resistance at $22.56. In that case, it should rise until the upper edge of the orange strip between $22.74 and $23.46 before resuming the descent.
COMEX:SI1!Short
by MarketIntel
1
SILVER bullish outlookSILVER managed to break through its consolidation, which formed a triangle pattern on the daily graph, and now is heading for a price increase. Both indicators, MACD and RSI, are also confirming the bullish pattern. If this pattern continues, XAGUSD will probably test its previous high around 26.10 In the opposite scenario, the price might test its previous low at 20.58 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAGUSDLong
by legacyFXofficial
2
Weekly and daily technical analysis for the price of silverWhy was there such a sharp decline in the price of silver in the second half of April and into May? And where could it potentially move next? After taking out last year’s low just below $20.5 per ounce, silver has now slowly, but surely, retraced slightly higher. Now the price of XAGUSD is settled for the time being. Over the past few weeks, the price of silver has settled around $22.0 per ounce. Looking at the weekly chart we have two indicators; the Williams Alligator and a Money Flow Index (MFI). With the Money Flow Index, we see divergence take place with the most recent highs marked out with the blue trend line. While price has played out well with this sharp decline, the MFI is suggesting uncertainty. While there is still plenty of room for more downside, it may be reasonable to expect price the price to consolidate further with the Money Flow Index sitting exactly at the equilibrium. The Williams Alligator uses the intersection of the moving average lines to help identify a trend. In the graph below, we have recently seen the longer term lines cross over the shorter lines. This scenario suggests that the market is signaling a downturn, just as it did before the rapid decline in the price of silver at the beginning of April. From a daily time-frame perspective, $22.5 appears to be a bridge too far for XAG if it does counter the bearish indicators above and muster some upside. A more reasonable bullish target might the closer to the 13-day moving average, at $22.2 per ounce. On the other side of the coin, downside levels to watch include $21.9 and $21.5.
OANDA:XAGUSD
by BlackBull_Markets
Has Silver started a new leg lower? Hello, TradingView community. We hope you’re all having a solid session so far. Silver's daily chart has caught our attention today as price formed a solid move lower yesterday, and sellers have broken the low in today’s session. This could be a confirmation that the recovery trend has started to fail. On top of the price pattern, the MA is pointing lower, and the CCI is in its bearish zone. We want to see price close below yesterday’s low and test/break the May 19th low to give this idea more credit. If we sellers can hold momentum and break 21.27, this could show strong seller momentum, and if other factors back up the momentum, we could even see a new move back to the 20.60 area. But, we are looking for sellers to close below yesterday’s low to give yesterday’s move further confirmation. The same pattern can also be seen on gold’s daily chart. Good trading.
EIGHTCAP:XAGUSDShort
by Eightcap
Silver 3D Gann Fan and EW Analyse !!Hello trader, good mood and profitable deals! 💲 In 2011 we hit the high at 49,831!! After a long sideways period until 2020, the silver price turned around at 11,631 ☝ The Gann Fan 3/1 also points to further upward movement 👌 From here the EW count begins !! Wave🌊 1 ended at Gann Fan 4/1 and corrected IMO in a triangle, 0.618 or sideways Wave 🌊 3 ends at 0.786, about 40 usd If the bulls are not as strong as assumed, the movement with Wave🌊 C ends at 0.618, approx. 36 USD, otherwise we can still count on Wave 🌊 5 at 47-48 usd after a correction In terms of time, I suspect that we will reach the high in 2023-24 !! I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas!
TVC:SILVERLong
by TR7z
Silver: Whac-A-MoleYou know the arcade- and computer-game “Whac-A-Mole”, where you have to whack little mole-figures popping up randomly back into their holes? Quite similarly to these mole-figures, silver has repeatedly been popping up into the upper orange zone between $21.85 and $23.46. Now, we don’t want to whack it, as it still has some room in the upper orange zone to finish wave iv in orange. However, as soon as wave iv in orange is completed, silver should indeed move downwards to continue the overarching descent.
COMEX:SI1!
by MarketIntel
SILVER (XAGUSD) Update & Time to Fall 🪙 As you remember, we spotted a bearish breakout of a rising wedge pattern on Silver yesterday. Today we see a retest. Retesting a broken support of the wedge, the market formed a descending triangle formation on 1H time frame. It is a solid confirmation and it may trigger a bearish continuation. Initial target - 21.7 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
15