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Silveranalysis

Jamie Gun2Head - Selling SilverTrade Idea: Selling silver Reasoning: Finding resistance at the 61.8% Fibonacci level, may the bear trend continue! Entry Level: 18.905 Take Profit Level: 18.150 Stop Loss: 19.110 Risk/Reward: 3.68:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XAGUSDShort
by Signal_Centre
Big Moment For SilverHi, this is my new update for Silver. Silver has lost 32% of its value since March 2022 and I expect we have reached the bottom. If we look at the purple rectangles we see that the area between $18 - 19.50 always acted like support and resistance level in different periods. In July 2020 we broke the multi year resistance level (2014-2020) and we never backtested. I think now we have finally backtested it like a support level and at the same time we have reached a 61.8% FIB retracement level. We also have an oversold RSI level and I expect we are going to make a double bottom in the RSI like I drew and that will give us a bullish momentum. In the short term I expect we are going from $18 - 20.50 to backtest the 200 weeks moving average and I will update you guys in the near future.
TVC:SILVERLong
by GOAT1375
2
Silver under pressure and further downside is expectedSilver - Intraday - We look to Sell at 18.85 (stop at 19.09) The medium term bias remains bearish. Previous support level of 18.74 broken. A weaker opening is expected to challenge bullish resolve. Bespoke resistance is located at 18.85. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 18.85, resulting in improved risk/reward. Our profit targets will be 18.14 and 17.90 Resistance: 18.74 / 18.85 / 19.41 Support: 18.14 / 18.00 / 17.90 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
OANDA:XAGUSDShort
by OANDA
1
XAGUSD Broken last Support Zone, Descending TriangleI am sorry I am a little late on this one since I have not traded it for a while. Just like gold (XAUUSD), Silver is also influenced directly by USD. With USD on steroids, silver has broken lower than the last support of 21.83. It is now approaching its first target zone marked in green, breaking where it will proceed to the target zone 2. This trend will not stop until the Federal Reserve gives it a break on the hawkish policies to strengthen USD. The large descending triangle covers the entire period where USD lost its ground owing to COVID and USA presidential elections and is now on its way to reclaim its glory, although through some very drastic measures. Please consider these target zones to see the most probable future targets. In order to proceed to the Target zone 2, it must break lower than target zone 1. Happy trading, Happier profits, be a responsible trader and ensure proper risk management :)
OANDA:XAGUSDShort
by Uzi-Trades-Forex
XAG/USD TECHNICAL ANALYSISOn the monthly and weekly analysis of silver, you can see the price has formed a double top pattern and broke the neckline. I expect the price to decline back to the area where covid started and that will be in confluence with the target of the double top pattern which is the 14.20 area unless any unpredictable events occur in the time being. This is a medium-term analysis so keep in mind prices can move up and down in the short term, rely on a lower time frame analysis for better entry prices.
OANDA:XAGUSDShort
by alicanuz
Silver CFD Analyzehello everyone i think we reach to 38.2% fibo level and also a trendline. we see two candlestick patterns too. one bullish engulfing pattern and one morning star pattern. so maybe we could grow to 200MA and then correct again. if you open a position dont forget too set your SL under this trendline and early bottom u see in chart. (!!!NOTE!!! my posts are just my own opinion and you must trade and invest in your own strategy. be careful and protect your capital first.) thank you all for your supports
TVC:SILVERLong
by TraderAmin-KZ
SILVER (XAGUSD) Key Levels to Watch This Week 🪙 Here is my latest structure analysis for Silver. Support 1: 18.83 - 19.63 weekly demand area. Resistance 1: 20.45 - 20.67 daily supply area. Vertical resistance 1: falling trend line connecting lower highs. Because the market is trading in a bearish trend, pay close attention to a contracting confluence zone between the horizontal resistance area and a falling trend line. From there, I will look for trend-following opportunities. ❤️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
Silver underlying support, wave count, and target of $34+Thanks for viewing, Big fan of silver as a way to gain leverage over an increasing gold price. So where to we sit currently? - After a huge (~+150%) run-up From March to mid 2020 (depending on the chart source - some charts (like this one put the local high at Feb '21) silver entered a period of mostly sideways consolidation. - The goldsilver ratio has swung dramatically, from over 120:1 in March 2020 to a low of 62.5 in Feb '21 and since then has had a mild up-trend and now sits at around 72:1. Of late, silver has performed unfavourably versus gold. - The US Fed rate (which is updated tomorrow) currently sits at 0.25% - unchanged since March '20 (investing dot com forecasts no change at that next meeting). - US monthly Inflation numbers (depending on the source) indicates inflation on the rise (fred.stlouisfed.org) Which will mean that low-yielding long-term government debt will stay neutral or below inflation and possibly move to a even greater negative real yield (Presently 1.3% US10y yield less 5% (5% taken from investing dot com) inflation is presently a -3.7% real yield)). If you take the CPI numbers (fred.stlouisfed.org) the real yield is almost exactly ZERO - not negative, but not exactly attractive (and also not protective to the holders in the eventuality of continued rising inflation) - US Federal debt (on balance sheet anyway - off balance (or "unfunded") sheet debt is around 5 times higher) rose 21% since the start of 2020. I don't think it is a controversial statement to say that this level of debt will be a significant future challenge to service unless interest rates stay depressed medium to long-term and the principal is repaid in significantly depreciated currency). Ok, there is more, but the general case for silver remains intact and the outlook for gold and silver remains medium to long-term bullish. So, what is next? I put a possible wave count for silver and some possible support levels. I especially pay attention to areas where a number of different areas of support converge; e.g. peak or trough support, fib extension / retracement levels, trend-line etc. So we seem to have one of those levels approaching with; - The 0.382 for the full 2020 move seeming to provide strong support, - Fib extensions almost perfectly hit the 1.618 before bouncing three times now, - Lower trend-line support isn't too far below current prices at around 23 (this isn't a strong trend-line as there are only two points - but the larger price trend forms a generally symmetrical triangle with around 6 points of contact), - Seemingly strong level support sits at 23.781 and is coincident with other smaller areas of support, - I don't expect we will see prices below $24. The only reason why I don't point to Elliot Wave as indicating a local bottom at the current swing low is that I see another small wave down to end the current correction. Importantly, I am starting to see some RSI bullish divergence on the 4hrly - which is also evident on the daily chart. I definitely pay attention when the RSI starts to form higher lows while the price heads lower. It's a good time to think about getting in or out - or at least scaling in / out / taking profit. At a minimum it shows a slowing in the price momentum. So, to continue my Memoirs :) I am not looking to the next Fed rate decision - unless they suddenly hike it to above 3% (which is basically impossible now if the US is ever to service is current (and fast expanding) public debt) - the long-term case for gold and silver remains in place. I posted yesterday that I can see, one of the possible future scenarios being $2140 gold in the near-term (an 18.5% rise) and silver could conservatively be expected to double that % rise which would put it around $34/oz. Best of luck everyone, and protect those funds.
TVC:SILVERLong
by flyinkiwi10
3
Current silver XAG resemble BTC 2018 pattern As the points numbered it has some resemblance between BTC and Silver (current price: $25.70) where points 1-5 has already touched an important trendline. To see what will happen to the future price action, we will have to see what is the price reaction at the trendline. If it hovers around the top of the trendline a quite some time, go LONG when the price tighten and the spread is small seems to be a better probability. If price get some kind of dramatic reaction especially to the down side of the trendline, expect a CAPITULATION event happening soon. Long term holders will have to place their stop loss lower than $7 mark. Short term holders can place orders around the $12-$9 mark and expect a bull run for 2-5 years afterwards. Of course the timeframe for BTC is daily and silver is weekly however because BTC moves fast and large enough I consider them to offsetting each other. However if its outside this plan you should know where to place the stop losses with reasonable R:R ratio. May the best plan wins!!
by stantm23
SILVER (XAGUSD) 2 Scenarios Explained 🪙 Hey traders, Silver is currently approaching a year's low. Depending on the reaction of the price to that structure, I see 2 potential scenarios: Taking into consideration that the market is trading in a bearish trend, we will most likely see a breakout attempt 20.46 - 20.66 horizontal support. Its violation and daily candle close below that will most likely trigger a bearish continuation to 19.72. If buyers start pushing from the underlined yellow zone, wait for a bearish breakout of a falling trend line. Its violation will trigger a bullish move to 21.5 level. Wait for a breakout and then follow the market! What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
8
SILVER (XAGUSD) Important Breakout & Bearish Continuation 🪙 Update for Silver. As you remember, traders, we were preparing for a structure breakout attempt yesterday. The price easily broke and closed below 20.44 - 20.94 demand area. The broken structure turned into a supply zone now. I expect a further bearish continuation to 19.69. Consider an occasional retest of a broke structure for entries. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
6
Right Angled Descending Broadening WedgeChart Story here is.. from a Ascending broadening wedge the bears took it down.. and there was a great chance that a Bullish divergence would appear. It did... course went up and so a Descending triangle formation was there to bring the course down again. Because the price then widens a bit on the downside in a sideways move, I consider it a Right Angled Descending Broadening Wedge for now. Besides this pattern, you could probably also make a W pattern out of it but the characteristic of the Broadening wedge is "often", that after hitting the top or bottom 2 or 3 times the price comes back halfway during a rise or fall and then breaks out. these scenario's makes it possible to trade them but in times of macro economic uncertainties at the moment, caution is advised at all times. manage your risks at all times. disclaimer: this is not a financial advise
TVC:SILVER
by Tims.Technische.Analyse.