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Silver Major Price Levels and Trend InsightsWelcome to my latest Silver (XAG/USD) technical analysis using Gann grid lines! If you're new to Gann analysis, don’t worry—I'll break it down in simple terms. What Is Gann Analysis? Gann analysis is a method developed by legendary trader W.D. Gann. It combines geometry, time, and price to identify key levels in the market where price action is likely to react. In essence, Gann theory suggests that markets move in predictable cycles and that certain price levels are more significant than others. How Does This Gann Chart Work? In the chart you see above, I've applied Gann grid lines, which create a web of horizontal, vertical, and diagonal lines across the chart. These lines represent price-time relationships and help identify critical levels where Silver’s price might find support or resistance. Each horizontal line corresponds to specific price levels (in US dollars), while the diagonal lines help capture the trend and potential pivot points. Key Price Levels Here’s a breakdown of the most significant levels that you can see marked on the chart: Resistance Levels: 427.5° = $33.49 (Strong overhead resistance). 405° = $32.05. 382.5° = $30.66. 360° = $29.29. Support Levels: 337.5° = $27.95 (Current level, a key area to watch). 315° = $26.64. 292.5° = $25.37. 270° = $24.13 (Major support zone). The numbers next to these levels represent angles or "degrees" in Gann theory, which are important for measuring cycles of price and time. What Do These Levels Mean for Silver? Currently, Silver is trading around the 337.5° level ($27.95). This level could act as strong support, and we could see a potential bounce if buyers step in. However, if the price breaks below this, the next significant support level is at 315° ($26.64). If Silver holds the 337.5° level: We might see a move back up towards $29.29 (360°), followed by $30.66 (382.5°) if the bullish momentum continues. If Silver fails to hold 337.5°: The price could drop towards $26.64 (315°), which is another strong support zone. Diagonal Trendlines and Time Cycles The diagonal lines crossing the chart represent Gann angles, which help forecast turning points in the trend. For example, when price interacts with these lines, it often leads to shifts in direction or momentum. These angles can give clues as to when a price change might occur in relation to both price and time. Conclusion In summary, Silver is at a key inflection point. A bounce from current levels could take the price higher toward $29 and beyond, while a break below $27.95 might lead to further downside. Using Gann analysis helps traders understand not only key price levels but also the timing of potential moves, giving a more complete picture of market dynamics.
OANDA:XAGUSD
by Magic_xD
XAGUSD - Silver reached above 30 dollars!Silver is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel If the upward movement continues and silver is placed within the specified supply zones, we can look for silver sales situations The correction of silver towards the drawn demand zone, which is also at the intersection with the bottom of the ascending channel, will provide us with a good buying position in terms of reward to risk The target for buying and selling silver will be the midline of the ascending channel
OANDA:XAGUSD
by Ali_PSND
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 .
OANDA:XAGUSDLong
by ArinaKarayi
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
OANDA:XAGUSDLong
by ArinaKarayi
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
OANDA:XAGUSDLong
by ArinaKarayi
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.
OANDA:XAGUSDLong
by DENCHMON
1
SILVER ( CONTINUES TO FALLING )XAGUSD HELLO TRADERS AT 15.30 have a important news , huge affect a movement price Tendency the price is a bearish pressure in 28.68 TURNING LEVEL : the price turning level at 28.68 , price stable below this level by open 4h candle it becomes reach a support level , but until trade above this level reach to resistance level RESISTANCE LEVEL: if the price breaking turning level at 28.68 , the price will rise to 29.68 and 30.28 , then stable this level reach to 30.82 SUPPORT LEVEL : the price trade below turning level 28.68 , it will reach the support level of 28.21 and 27.45 , stable this level reach to 26.50 ------------------------------ * Thank you , if you support this idea with your likes and comments , I hope you a profitable day🤍🤍🤍🤍🤍
OANDA:XAGUSD
by ArinaKarayi
2
Unveiling the Reasons Behind Last Month's Silver Price Surge Silver, the lustrous metal often overshadowed by its golden counterpart, experienced a remarkable price surge last month. While gold continues to hold a certain allure, it's silver that's been making headlines. Let's delve deeper into the factors that propelled silver to the forefront of the precious metals market. A Tale of Two Forces: Supply and Demand The price of any commodity is a delicate balance between supply and demand. In the case of silver, both sides of the equation have played a role in the recent price hike. On the Demand Side: A Silver Lining • Industrial Applications Take Center Stage: Silver's industrial applications have been steadily growing, particularly in the green energy sector. Solar panels are a prime example, as silver is a crucial component in their conductive layers. As the world transitions towards renewable energy sources, the demand for silver is expected to rise proportionally. • A Reliable Ally in Electronics: Beyond solar, silver is a vital element in a vast array of electronic devices. From smartphones and laptops to medical equipment, its conductive properties make it irreplaceable. The ever-increasing reliance on technology further fuels the demand for silver. • Investment Haven: Investors often turn to precious metals like silver as a hedge against inflation. When traditional currencies lose purchasing power, silver's perceived value can rise, attracting investors seeking a safe haven for their assets. Supply Under Pressure: • Mining Challenges: Silver is often mined as a byproduct of other metals, primarily lead and zinc. Fluctuations in the production of these base metals can indirectly impact silver supply. Additionally, stricter environmental regulations can make silver mining more complex and expensive. • Geopolitical Uncertainty: Global political instability can disrupt supply chains, impacting the flow of silver from major mining regions. This uncertainty adds another layer of complexity to the silver market. The Perfect Storm: When Demand Outpaces Supply The confluence of these factors – rising demand from various sectors and potential constraints on supply – has created a situation where demand is outpacing supply. This imbalance is a key driver behind the recent surge in silver prices. China's Silver Appetite: A Force to Be Reckoned With China deserves a special mention in the silver story. The world's second-largest economy is a major consumer of silver, with its demand playing a significant role in influencing global prices. China's booming industrial sector and growing investment in renewable energy further amplify its impact on the silver market. Looking Ahead: A Silver Future? The future of silver prices remains uncertain. Several factors, including global economic conditions, technological advancements, and geopolitical developments, will influence its trajectory. However, the current trends suggest that silver's industrial importance and potential as an inflation hedge will continue to drive demand. Beyond the Bling: Silver's True Value While silver's shiny exterior has always held aesthetic appeal, its true value lies in its versatility. From adorning our bodies to powering our technological advancements, silver is an essential element in the modern world. The recent price surge highlights the growing recognition of this multifaceted metal. Whether silver maintains its upward climb or experiences a correction, its role in the global market is undeniable. So, the next time you see a piece of silver jewelry, remember – it's not just about aesthetics; it's a testament to the vital role this metal plays in our world.
OANDA:XAGUSDLong
by bryandowningqln
Short-term correction for silver After strongly breaking the 2020 highs with a large green candle and some growth in volume, the asset is on a steeply sloping trend line that has found rejection in the $32-$31 zone. This can be seen in the last three red candles, with a shooting star type candle in the middle. If we zoom in and look at the chart on a daily timeframe, we will see how a double top pattern is being executed. We can also observe divergences in the Stoch RSI and RSI, both in oversold territory. A return to the resistance zone of the previous highs can be expected, now probably converted into new support. If you already have a position open, the correct thing to do would be to hold and otherwise open longs when the current correction has finished developing.
CAPITALCOM:SILVERLong
by MCHVLL
Silver at the top of a channel?Silver has been trading traditional fib longs and and extensions in this big bull runup. However, we are very overextended, trading well in excess of big support over the past two days. We are also at a potential top in terms of it trend channel. The risk of a decline in silver is significant, and unlike gold which gives you a clue on the fifteen minutes charts, silver could simply start falling and keep going. Given the lack of bull fib support, I think this is a good spot to take profit and enter a small short position. There is a good chance that we begin the down leg of silver here.
COMEX:SI1!Short
by CeresTrader
1
Silver will launch when USDJPY plummets from Dovish FEDSCENARIO 1: EVERYTHING hinges on the carry trade. If USDJPY goes down, so will yields - making inflation higher and commodities will boom. Of course this is a mistake and Japan (and the whole world) will feel the effects off inflation here since TVC:DXY will plummet also to 97. Then when everyone blows up in the summer sparking a u-turn and the FED realizes inflation reignited, the FED will be forced to hike rates, as the BOJ goes back to negative interest rates. This will spark the largest explosion of currencies as the TVC:DXY goes to 140-160+ - blowing up last in the process. This will give central bankers the opportunity to bring out CBDC's as they go negative interest rates hinged on social credit scores. That's unless Donald Trump can overcome all the cheating and banana republic shenanigans (arrest or assassination). If he is able to become president then he will move the USA back to a gold standard when everyone else (BRICS) is being forced to swear fealty to a digital yuan (remnimbi) that's backed by social credit scores. SCENARIO 2: IF the FED goes hawkish, that will spark the blowup in currencies and markets, forcing silver down before catapulting when the FED erases interest rates, but I believe we are in for scenario 1.
OANDA:XAGUSDLong
by EmptyEternity
2
SILVER BEST BUY 24$ LEVEL SHORT SILVE NOW ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below. Disclaimer
TVC:SILVERShort
by bullstraders7
Inflation, and the coming SILVER PRICE EXPLOSION! As central banks around the world are losing their grip on baskets full of fiat currencies, real, tangible commodities like Gold, Silver, Platinum and Palladium are going to make an incredible run. There are three metals related to monetary systems throughout history: gold, silver and copper. So far we've seen gold pull ahead in the running, but soon silver will running it down with veracity! Good luck, and always use a stop-loss!
TVC:SILVERLong
by MetaShackle
Silver Fails At Top of Range . . . Now what?Silver: Daily Fibs and Indicators: Silver has a bull fib objective that takes it to 28.86, a massive move. It held it's 61.8% line in October 23 and was on it's way until December 23 when it stopped at the high of it's daily range. We traded down early in the year, only to test that high again htis past week. And, we are selling off of it again. We can't trust gold to go higher if Silver doesn't make a new high here. Silver lost it's embedded reading of the past 4 days. Big test for silver is 24.21, the BB midpoint, and the bull fibs from lows. that 23.55 level was resistance and the fact that it's the 61.8% line and support could be very key to support here. IMO, that would be a good place be a buyer for silver.
COMEX:SI1!
by CeresTrader