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#XAGUSD ANALYSIS.. BEARISH ARGUMENTS.. I think that there are critical points to be considered in the long term for silver.. It is very important for investors to pay attention to some small details from past to present.. In the weekly chart, the price of silver is below ma50 and ma100, silver should rise above these levels for a positive trend.. As I mentioned in my previous publications, I think that we will see a strong sales wave again in the markets on a global scale, I accept that what happened in oil prices is a leading indicator.. We can see that there are similar structures in technical indicators by projection from past to present, RSI and Coppock show some similarities with 2008, and it is worth noting that 2008 is a crisis period just like the current year.. I think that we can see a similar price movement in the process we are in and we will see a retreat up to $ 8.5 in silver price.. Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to trading.. Invest at your own risk.. I wish you all the best..
FX_IDC:XAGUSDShort
by OguzhanSengor
3
Gold to Silver RatioFollowing up my outlook on silver, this furthers my bullish silver bias. The last monthly close has wicked massively from the topside. Either this is a channel that has broke above and bull trapped or (depending on where you draw your trend lines) it could be a broadening wedge. Either way I would see this as bearish for the gold to silver ratio. At the very least I surmise that this would have to touch/test/SMASH/DEMOLISH the bottom trend line, right? To summarise. If this was a price chart for an asset; I would certainly be weary of longing it right now!
TVC:GOLDSILVERShort
by thekevin
XAGUSD: Sell opportunity and multi-year trading plan.Silver is on a 4 week rebound following the 11.650 bottom made last month. On the 1W chart, this move has recovered 50% of the losses (trading just above the 0.5 Fibonacci) sustained since the decline from the 18.950 Top late in February. This is the reason that the 1W technical indicators are back to being neutral (RSI = 45.325, MACD = -0.562, ADX = 21.014, STOCHRSI = 50.488). On a bigger scale we can see that since 2014, Silver (XAGUSD) has been trading within a Channel Down, making sharp Lowers Highs and Lower Lows. The current sequence is similar to the one is 2014. After a Lower High and a secondary Top, the price collapsed to a Lower Low. The rebound that followed (where we are at now) stopped on the 1W MA50 (blue trend line) which happened to also be near the 0.618 Fibonacci retracement level. This makes us believe that the top is around the 0.618 Fibonacci and that a new decline may follow for a new Lower Low. We are setting a more reasonable Target Zone though at 11.650 - 12.500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAGUSDShort
by InvestingScope
1
XAGUSD: Consolidation on the Lower Low. Buy opportunity.Silver has completed last week the bearish leg of the 1D Channel Down that started in September (RSI = 34.367, MACD = -0.179, ADX = 27.061, Highs/Lows = -0.7962) and made a Lower Low at 16.200. The RSI action shows that the price may consolidate a while before rising towards the Lower High zone, but remains an optimal buy opportunity nonetheless. Our Target Zone is 17.500 - 17.850. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX:XAGUSDLong
by InvestingScope
Silver - The Forgotten Store of ValueAlthough Silver/oz prices exceeded $36 in 2011 I believe that price action can be looked at irrational. With that being said we can identify over a long period of time that Silver has tested the 78.6% fib level TWICE now. To follow that, we have always been in a "upward trend" except when we dropped down to $14 level in 2018 and 2019 which has shown to be strong support for over a decade. Around $18 dollars seems to show heavy resistance for over a decade as well. This $18 dollar level also happens to be 61.8% fib level. If we can break through this 61.8% level ($18) we could see a surge in price. Especially if this "slight recession" that we are in now stabilizes over the next 3-6 months we could see the same price action if not heavier price action than we saw in 2010. Short term price per oz action will be choppy between $16-$18 dollars until the global markets stabilize. Silver bullion would be a great hedge going forward with the times that we are in. Please follow, comment and criticize.
TVC:SILVERLong
by MarketPointAlgo
2
Don't miss the great buy opportunity in XAGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (17.87). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . SILVER/U.S. DOLLAR is in a range bound and the resumption of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59. Take Profits: TP1= @ 18.33 TP2= @ 18.73 TP3= @ 19.65 SL= Break below S2
OANDA:XAGUSDLong
by ForecastCity
10
Don't miss the great buy opportunity in XAGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (17.87). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . SILVER/U.S. DOLLAR is in a range bound and the resumption of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 59. Take Profits: TP1= @ 18.33 TP2= @ 18.73 TP3= @ 19.65 SL= Break below S2
OANDA:XAGUSDLong
by ForecastCity
14
Silver (XAGUSD): Short term action plan.Silver is trading within a Channel Down on the 4H chart (RSI = 43.954, MACD = -0.061, Highs/Lows = -0.0197) since January 7th. The RSI sequence however is currently posting a short term bullish signal. Our Target Zone is 18.000 - 18.100. If however the dashed Higher Low line breaks then the pattern will most likely complete the Lower Low on a roughly -5% sequence near 17.170. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAGUSDLong
by InvestingScope
3