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Silverlong

SILVER 4H : support further rise SILVER New forecast The silver price is showing weak trading now, and is waiting for a positive stimulus that will help push the price to resume positive trading and reach the expected area at 22.23 and 22.50. Until now, we continue to favor the bullish trend in the intraday term but to confirm the billish trend should stable above 21.97 and then will reach to 22.23 remembering that breaching the 22.23 level will push the price to 22.50 as the next main station. keeping in mind that breaking the levels of 21.35 will stop the expected rise and put pressure on the price to turn lower. The expect range trading for today it will be between resistance line 21.97 and support line 21.35 until stabilized support line : 21.60 , 21.35 resistance line : 21.97 , 22.23 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAGUSDLong
by Arazmajeed
2
Silver 1day overviewSilver fell to around $21 per ounce, the lowest in over six months, pressured by the interest rate jitters, surging bond yields, and a stronger dollar. In its latest meeting, the Fed signaled one more hike for 2023 and a slower monetary easing in 2024, which confirmed the interest rates would have to stay elevated longer, raising the opportunity cost of holding non-yielding bullion. Additionally, the ISM Manufacturing PMI rose well above market expectations to 49 in September, supporting the case for the regulator's hawkish tone. Still, silver prices remained underpinned by tight supply, the development of solar panel technologies with higher conduction needs, and hopes for an economic recovery in China after the country's manufacturing activity returned to expansion for the first time in six months. Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producers of silver are Mexico, Peru, and China followed by Australia, Chile, Bolivia, United States, Poland, and Russia. If you like it, hit the like button and share your charts in the comments section. Thank you.
TVC:SILVER
by CryptoSanders9563
2
Now that Silver Exhibits Upside Potential, What Next?Silver has successfully breached the H4 trendline, and also establishing both a higher-high and a lower-low, with a closing price exceeding 23.59 indicating its potential to rally towards the next resistance level. Over the coming days, a retracement in silver price is envisaged, preceding another anticipated impulsive move. N.B! - XAGUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #silver #xagusd
OANDA:XAGUSDLong
by BullBearMkt
silver ( xagusd ) Long Term Trading IdeaHello Traders In This Chart silver HOURLY Forex Forecast By FOREX PLANET today silver analysis 👆 🟢This Chart includes_ (silver market update) 🟢What is The Next Opportunity on silver Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAGUSDLong
by ForexPlanet20
silver ( xagusd ) Long Term Trading IdeaHello Traders In This Chart silver HOURLY Forex Forecast By FOREX PLANET today silver analysis 👆 🟢This Chart includes_ (silver market update) 🟢What is The Next Opportunity on silver Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAGUSDLong
by ForexPlanet20
1
SILVER BULLISH DOUBLE BOTTOM FORMED Hello traders so XAGUSD Formed a Classic bullish reversal pattern the double bottom so we might expect a bullish reaction. OUR BULLISH CLUES : -the price formed a double bottom on a key support level (M30-M15 TF) -RSI BULLISH DIVERGENCE the breakout and retest of the neckline will be our confirmation . leave a like and follow if you found this helpful i post weekly setups and signals on my tradingview . this is not financial advice just my humble opinion.
OANDA:XAGUSDLong
by xAB777
Silver ~ Snapshot TA / Bullish ConsolidationTVC:SILVER rallying to the upside & revealing its Bullish inclinations ahead of key Global Economic events. Fibonacci Extension doing a great job identifying key Demand/Supply zones to watch for smaller-timeframe trend rejection/continuations. Dashed horizontal lines (~25.26/~22.21) highlight key Make or Break levels for longer duration Swing Trades. Golden Pocket/Gap Fill confluence presents interesting Stink Bid opportunity if Silver price action turns to disaster. Boost/Follow appreciated, cheers :) OANDA:XAGUSD COMEX:SI1! COMEX:SI2!
TVC:SILVERLong
by BlueHatInvestor
Why Silver could reverse NOW!Hi Traders, Silver is at a interesting zone right now. One the one hand the longterm long trend is still valid. But we are close on the last low at $22.1 At this zone we have a massive support with last Daily low and also longterm daily trendlie. Looking at today´s candle it seems that we might get a long reversal (possible bullish engulfing). TP could be the Zone arround $24.4 where we have a resistance with also some key points and another trendline. Wish you all great success! Team tegasFX
OANDA:XAGUSDLong
by tegasFX
XAGUSD - USD Continues To Get Weaker?Analysis: Upwards trend (bullish confluence factor) Break & retest of previous area of resistance for support (bullish confluence factor) 38.2% fib retracement level touch (bullish confluence factor) Upwards trendline close by (bullish confluence factor) 6K long position decrease for the USD (bullish confluence factor) Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XAGUSDLong
by jpeacockfx
12
XAGUSD Spot Silver Rises LONGI analyze that the XAGUSD pair is trending up mainly due to the fall of the USD dollar . On the 60-minute chart, in the context of the volume profile an anchored VWAP as well as the MACD indicator of Chris Moody and the Volume Price Trend, I see an tend up for the pair from the fall as part of the market shift mid-day on Thursday. The stop loss is at the support line and the target at the horizontal resistance. If traded accurately in a leveraged forex environment a simple trade like this could yield significant realized profits especially if the stop loss is carefully raised at regular intervals using simple visual "eyeballing" or a mechanical approach using ATR.
OANDA:XAGUSDLong
by AwesomeAvani
XAGUSD - Silver Continues To Rise?Analysis: Taking a look at the chart we can clearly see that price is in an upwards trend. We're forming higher highs and higher lows which helps confirm this as well as the upwards trendline that is present. Price today has pulled back to an area of interest to us as this level previously held as resistance. As we know resistance often becomes support when broken so this previous area of resistance looks like a place where we could see buyers step in and push price higher. Looking at our extra confluences we don't have a fib retracement level of a trendline that lines up with our area however both of these confluences are close by, but this isn't why we took this setup. We took this setup now as we're at an area of possible support and we have the fundamentals in our favour. Fundamentals are what drive the markets so if we have a strong fundamental bias then that is more of a reliable signal then any technicals would be. Fundamentally recently we've seen the USD become weaker and as of the most recent report for COT data we saw an increase of 7K long position but we also saw an increase of 8K short positions on the USD so this is bearish for the USD, meaning that this is a bullish confluence for our bias. Overall we have a strong fundamental reason to be bullish on this pair and we've seen an opportunity present itself on the technical aspect as well. This is why we are currently bullish on Silver. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
OANDA:XAGUSDLong
by jpeacockfx
8