Silveranalysis
Silver- Ready for 35usd A few months ago, I wrote an XAG/USD analysis, predicting that Silver could rise by 10,000 pips to reach 35.
Achieving such a significant target requires patience, and the price won't climb in a straight line. However, my long-term conviction remains unchanged: Silver will likely rise to 35 USD/oz.
But as Keynes said, "In the long run, we are all dead," so let's focus on the short term.
Recently, as shown in the posted chart, Silver broke below horizontal support.
However, after a bullish Pin Bar formation a few days ago, the price reversed strongly and is now trading back at the old support, which has become resistance.
This suggests the possibility of a false break.
At this moment, given the proximity to resistance, a correction is possible. However, this correction should be seen as a good opportunity to buy in anticipation of a false break. Depending on your patience, you could set your target at 30, 32, or my long-term target of 35.
Silver Follows Gold's Lead for Potential UpsideSilver, often moving in tandem with gold due to their strong correlation, has recently undergone a period of retracement. This pullback has prompted traders and analysts to search for a demand zone where silver can resume its upward trajectory, potentially leading to significant growth.
Our analysis has pinpointed a key support area around the $27.500 level. This zone has shown its relevance as the price tested it with a spike, and Friday's session closed with a small indecisive bullish candle. This candle formation suggests a pause in the downtrend and indicates potential bullish momentum building up.
The Commitments of Traders (COT) reports offer additional insight into market sentiment. These reports reveal the positions of large speculators and commercial traders, providing a deeper understanding of the market's undercurrents. Current COT data suggests an increasing interest in silver from major market players, further supporting the case for a potential upswing.
Technical analysis also plays a crucial role in our assessment. Key indicators and chart patterns are aligning to suggest that silver is approaching a critical juncture. The $27.500 area has been identified as a significant support level based on historical price action. The combination of support at this level, along with the formation of a bullish candle of indecision, points towards a possible reversal in the near term.
Seasonality trends offer yet another layer of confirmation. Historical data shows that certain times of the year are more favorable for silver prices. We are currently entering a period that has traditionally supported bullish movements in the silver market. This seasonal factor adds weight to our analysis and enhances our confidence in the potential for a price increase.
Given the convergence of these factors—COT reports, technical analysis, and seasonality—we are considering opening a bullish position at the $27.500 level. This area appears to be a strategic entry point for capitalizing on the anticipated upward movement. As always, it's important to monitor the market closely for any further confirming signals before committing to a trade.
In conclusion, silver's recent retracement offers a promising opportunity for traders. The identified support area around $27.500, combined with favorable COT data, technical indicators, and seasonal trends, suggests that silver may be poised for a bullish reversal. We are looking to open a bullish setup at this level, anticipating potential growth in the coming sessions.
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Silver (XAGUSD) how to construct a trade:Medium bullish take:
OANDA:XAGUSD is trading around the $30 price level for the first time in years. Is there a trade here? Could we see $40 by EOY? Let’s draw some charts:
We're trading in a Bullflag at the $30 level
Triple top, we're not quite ready to hold above the level
Find nearby price targets
Establish long term support lines
Use momentum indicators and price action to draw a reasonable path which engages the price structures you've established.
So according to our charts, we should expect a bounce above $27 Be mindful, there are exogenous events that push the price around. Shifts in the macro landscape will impact the path price takes.
For details, I've included a fun GIF, animating the construction of this chart. Check out my twitter for more!
NOTE: Original idea posted 7/23
XAGUSD / SILVER Bearish Side Robbery Plan To Steal EverythingMy Dear Robbers / Traders,
This is our master plan to Heist XAGUSD SILVER Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 1h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Silver / US . DollarHey traders
We have a silver set up here buy limit, I am hoping it will push up a little from this support level, all details down below.
Kindly please like follow and comment be a great help thanks
Entry 29.00000
Sl 28.65984
Tp 30.50000
This chart material is for educational purposes only / Demo account should be traded only
SILVER ( TRADING ABOVE DEMAND ZONE ) ( 4H )XAGUSD
HELLO TRADERS
Tendency , the price is under bullish pressure , until trading above turning level .
TURNING LEVEL : the price of turning level around , 28,68 , so if the price breaking this level reach a first support level , as long as silver price trading above this level reach a first resistance level .
RESISTANCE LEVEL (1) : this level around 29,66 , for reach this resistance the price it will stabilizing turning level or corrective this level .
RESISTANCE LEVEL (2) : around 30,48 , for reach this level it will be breaking by open 4h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 28,01 , for reach this support level the price need breaking a turning level .
SUPPORT LEVEL (2) : support level at 27.12 , for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
CORRECTIVE : the price may be corrective turning level at 28,68 , before rising .
TARGET LEVEL :
RESISTANCE LEVEL :29,66 , 30,48 .
SUPPORT LEVEL : 28,01 , 27.12 .
SILVER - at resistance? holding or not??SILVER.. well guys market perfectly moved as per our video analysis and now again at his most important resistance zone that is 29.01 to 29.10 around
keep close that region because if market hold it then drop expected from here.
dont be lazy here.
good luck
trade wisely
XAG/USD Outlook ICT ConceptsSilver Analysis (XAG/USD)
💡Previous Analysis Review:
In the previous analysis, we expected the price to have a retracement higher and then continue lower to the previous month low. However, the price ran through the previous month low without the expected retracement and is now playing above it.
📍Current Market Overview:
Currently, the price is around 29.0100. The previous week low has already been swept, and the bias is bullish due to this sweep and also because some low resistance liquidity levels have been taken.
🔍 Identifying Key Levels:
The chart highlights several significant levels and zones influencing the current market behavior:
PML: Previous Month Low
PWH: Previous Week High
BSL: Buy-Side Liquidity
SSL: Sell-Side Liquidity
📊 Key Considerations:
Current Price Position: The price is trading around 29.0100, above the previous month low.
Previous Week Low: The previous week low has already been swept, indicating a potential bullish bias.
Low Resistance SSL Levels: These levels below the current price have been taken, contributing to the bullish bias.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
Sweep PML: The best scenario for long positions would be a sweep of the previous month low.
Continuation Higher: After sweeping the PML and taking out low resistance SSL levels, we can expect the price to continue higher.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
Key BSL Levels Taken: For any short positions, we need the key buy-side liquidity levels to be taken first.
Create Low Resistance BSL: Alternatively, if we create low resistance BSL levels in the lower time frame, a sweep of those could give us a short position towards the previous month low.
📊 Chart Analysis Summary:
Bullish Expectation: The expectation is for the price to potentially sweep the previous month low (PML) and then continue higher.
Bearish Expectation: For a bearish scenario, we need the key buy-side liquidity (BSL) levels to be taken out first, or the creation and sweep of low resistance BSL levels in the lower time frame.
Understanding these key levels and the current market behavior helps in making informed trading decisions.
XAGUSD / SILVER Bearish Heist Plan To Steal the SilverMy Dear Robbers / Traders,
This is our master plan to Heist Silver Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
SILVER ( TRADING ABOVE TURNING LEVEL ) ( 4H )XAGUSD
HELLO TRADERS
Tendency , the price is under bullish pressure until trade above turning level
TURNING LEVEL : the price of turning level around 30.817 , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level .
RESISTANCE LEVEL : around 31.454 , for reach this level will be stabilizing above turning level
SUPPORT LEVEL : support level at 30.138 , for reach this level will be breaking and stabilizing below turning level
PRICE MOVEMENT : currently price at 30.907 , as long as the price stabilizing above this level reach a resistance level at 31.454 , then breaking this level reach 32.128 , but if the breaking turning level and stabilizing below this level reach a support level at 30.138 , then breaking this by open 4h or 1h candle reach a 29.711
TARGET LEVEL
RESISTANCE LEVEL : 31.454 ,32.128 .
SUPPORT LEVEL ; 30.138 , 29.711.
XAGUSD ( UNDER UPWARD PRESSURE ) ( 4H )XAGUSD
HELLO TRADERS
Tendency the price trade above turning level at 30.73 , indicates is under bullish pressure
TURNING LEVEL : a black line between resistance and support level around 30.73 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a black line above turning level around 31.48 , indicates selling have already increase this level , so if the price trade above turning level reach this level
SUPPORT LEVEL : there is a black line below turning level around 30.11, indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : first the price will trying to dropping a turning level around 30.73, after rising to the resistance level around 31.48 , then stable above this level reach 32.01 , if the price breaking turning level reach a support level at 30.11 , then stable by open 4h candle above this level reach a 29.50
TARGET LEVEL :
RESISTANCE LEVEL : 31.48 , 32.01
SUPPORT LEVEL : 30.11 , 29.50
Silver Forecast: A Potential 10,000 Pip Surge on the Horizon!I understand the title may seem bombastic and possibly clickbaity, but in my view, there's a solid case for OANDA:XAGUSD potentially rising by $10 in 2024. Here's why:
Observing the chart, unlike OANDA:XAUUSD , Silver has been trading within a range for precisely a year now, failing to establish new highs. However, on a positive note, since the pandemic low, the price has been forming higher and higher bases, suggesting the potential for building upside momentum in the longer term.
From a strictly technical standpoint, as mentioned, we've been stuck in a range for over a year, with a clear resistance level around the $26 zone. If the bulls manage to break above this significant level, considering the one-year-long accumulation, I believe we could witness an explosive rise that might propel Silver to $35, with a potential pit stop at interim resistance around $30.
XAGUSD ( UNDER UPWARD PRESSURE ) ( 4H )XAGUSD
HELLO TRADERS
Tendency under bullish pressure after the price create a bullish flag pattern
TURNING LEVEL : a blue line between resistance and support level around 30.05, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a green line around 30.84 and 31.49 , indicates selling have already increase this level , so if the price stable turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 29.39 and 28,88 , indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 30.05 , after rising to the resistance level around 30.84 , then stable above this level reach 31.49 ,
if the price breaking turning level reach a support level at 29.39 , then stabilizing below this level reach a 28,88
TARGET LEVEL :
RESISTANCE LEVEL : 30.84 , 31.49
SUPPORT LEVEL : 29.39 , 28,88
Nice Entry Point In SilverSilver spot price remains in an uptrend, and has broken out of a bull flag pattern. Bullish crossover on MACD coincides with breakout from the bull flag.
Fundamentals support the case for higher silver spot price in the long term: stubbornly high inflation, large fiscal deficits, weakness in regional banks and commercial real estate (Fed will need to ease to avert financial crisis), as well as 4 years straight of deficits in physical metal.
This post does not constitute financial advice.
COMEX:SI1!
SILVER.. at today supporting area? hold or not???#SILVER.. perfectly placed day low according to our video analysis and keep close that region because its our today most importnat region as a supporitng area.
if market hold it that only case you can see again bounce from here other not.
that region is 30.90 around.
good luck
trade wisely
SILVER (XAGUSD) 04/02/2024Purple Box: Bearish (21.6 - 22.1p/o)
Blue Box: Bullish 1.(25 - 25.6) 2.(28 - 28.7p/o)
Bullish Scenario
Silver's a very under priced metal, I'm thinking because countries are stock piling more gold they should also be doing the same with silver...
Prise is finding or has found support above 22p/o and so a push upwards towards 25 is highly probable...
If we call our last push down a retrace, we hit 60-70%(discount?)
Bearish Scenario
There is a high probability of being bullish, but the markets the market and a fall shouldn't be ruled out...
A break below the purple box with resistance then found and a fall to 18p/o is likely... (bias change)
We could be forming an ascending triangle... So one more rejection of 25p/o and then a full pullback climb to 28p/o or passed.
XAGUSD SILVER Robbery Plan To Loot MoneyMy Dear Robbers / Traders,
This is our master plan to Heist XAGUSD Silver market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Stop Loss : Recent Swing Low using 3h timeframe
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday