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Xagusdanalysis

Silver/XAGUSD ScenarioMy outlook on silver. - Following a heavy downtrend on the weekly, a nice strong double top on the daily and a downtrend continuation on the 4h, I see silver falling further to the major liquidity zone. - Currently silver is testing the lower trend line which correlates with the 38.2% fib, looking at the strength and weakness I hope for silver to break out of the zone and trend line testing the 50% fib. After that I would like to see a deep pullback to the upside catching liquidity before downtrend continuation. - Let me know your thoughts.
OANDA:XAGUSD
by Nas-Prince
Silver Forecast: Markets Fall Towards Major Uptrend LineSilver markets fell pretty significantly on Friday, as we had seen a lot of “risk off behavior” around the world. Silver would struggle in that type of environment, as it is a very volatile asset. Keep in mind that the coronavirus variant in South Africa has made traders nervous, and they started to focus on the possibility of lockdowns. If we do get those lockdowns, then the industrial demand for silver falls. You can see that we stopped right at a major uptrend line, so it will be interesting to see whether or not it can hold. If it can, then the market is more than likely going to bounce from here and go looking towards the $24 level. However, that would be a bit surprising to happen right away. A lot of this will come down to whether or not the world thinks that the South African coronavirus is going to cause some type of major meltdown. If it does not, then this could be an excellent opportunity. Keep in mind that the Friday session was a bit thin, as it is the day after Thanksgiving. This could have led to a lot of the selling pressure, as we are to simply warrant as many traders involved. Because of this, the market is going to have to figure out whether or not the momentum can keep them, but at this point I think that you are best sitting on the sidelines and waiting to see what today brings. At the end of the day today, we should have quite a bit more clarity, but if we do close below the lows of the trading session on Friday, then it is likely that this market would continue to go lower, perhaps reaching towards the $22 level. That is an area that has been massive support more than once, and it is likely that there would be a lot of interest in that general vicinity. Because of this, I think that you have to watch in that area to see whether or not we fell apart completely. If we did, then it could lead to a massive downtrend in this market. The silver market is extraordinarily volatile, so you need to be cautious about your position size regardless.
OANDA:XAGUSD
by SmoothJB
Silver looking bearish 22 Nov 2021XAGUSD has been consolidating between 25.40 and 24.50 for the past 2 weeks. But it looks heavy and bearish now and I am expecting a break out to the down side. A breakout/pullback entry is what would work best .. if it happens. The next major support lies at 21.50 region. There is an awesome potential here so vital not to rush into a trade, stay patient and let us see if this plays out the way I am seeing it. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
OANDA:XAGUSDShort
by Trading_Vista
Silver- Strongly bearish under 24.80Yesterday I said that Silver is more bearish than Gold, and indeed, although it has risen, it could reach the last top As you all may have seen, we have a clear H&S pattern with the neck-line at 24.80, which is broken at this moment. Although this means upward momentum, the price is stalling above this neckline and looks more like distribution at this point and could be a false break. Silver back under 24.80 (the neckline) is strongly bearish and confirms the false break. In this case, I expect acceleration to the downside and Silver to drop to at least 23 zone (around 1800 pips) My scenario is valid as long as the price stays under 25.60 on the daily close bases
SShort
by Mihai_Iacob
11
Silver- More bearish than GoldLike its bigger brother, Gold, Silver also has a good start this month, with the price rising around 2500 pips or around 10%. However, after breaking above the neckline of an H&S, the price stalled and lacked strong continuation. Instead found a strong ceiling at 25.50 and yesterday's rally above resistance for Gold wasn't matched with a rally above 25.50 for Silver. This consolidation above the neckline looks like distribution to me and a drop under 24.70 could accelerate losses towards 23 zone support I will look to sell rallies and a daily close above 25.50 would negate this scenario
OANDA:XAGUSDShort
by Mihai_Iacob
14
Silver- Will it reach 28 by year's end. IMO, it willIn my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart. As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance. This resistance can very well be the neck-line of an H&S pattern and a break here would expose important 28 zone resistance. IMO the end of the year will be bullish for PMs and also a long trade for XagUsd with 28 target would have a 1:3 R:R
OANDA:XAGUSDLong
by Mihai_Iacob
11