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Xagusdanalysis

Silver- Will it drop another 1k pips?Since last Friday's high and strong reversal from 23.50, Solver has dropped 1500 pips. Like in Gold's case, bulls were unable to recover some of the losses and XagUsd is consolidating in the support zone at 21. Here we could also have a new leg down after the consolidation and the obvious target for this drop (swing trading) is the next support at 20, so, 1k pips under the current level. I'm bearish as long as the price stays under 21.50 in terms of daily closing.
OANDA:XAGUSDShort
by Mihai_Iacob
11
#silver #XAG Long Term StrategySilver has broke the trend line in the megaphone channel and will there will likely be a bearish retest. If price decline comes after retest, the silver price will probably go to find the megaphone channel dip. Mid / short time , this will be a bearish movement. But in long term , after breaking this megaphone channel, silver will meet new ATHs in Q3 2024. NOT FINANCIAL ADVICE. Do your own research and always decide with your knowledge not mine or anyone else.
TVC:SILVER
by naphyse
Silver- Bear trend is the name, sell rallies is the gameIn my Saturday video analysis, I said that Siver could drop and test the 21 zone. XagUsd dropped hard and even exceeded my target. After the low under 21, Silver started to consolidate and recovered some losses. The recent price action is carving a small double bottom on our chart that could lead to further gains. However, considering the strong down pressure, I do not recommend buying into correction but selling rallies above the double bottom's neckline A good place for searching entry signals is the zone between 21.50 and 21.80 The target could be set in the recent low zone at 20.80
OANDA:XAGUSDShort
by Mihai_Iacob
4
Silver - Is it finally time?Why go long? - Right at red uptrend - Gold closed gap today @1867 - Dollar looks like its topping out (11 green weeks in a row! - time to be contrarian), rates likely to top soon too - Area around 200 Week MA @22,57 has been proven support many times - In the last few years espacilly good visible in 2021 there was always quarter end selling in september followed by at least a bounce in the coming month - Physical market is still in deficit - CoT once again looks good, probably even better after the last few selling days So, is it finally time to break this yellow down trend and run? Taking ~2% risk, daily close below 22,11 and I´m out
FOREXCOM:XAGUSDLong
by AnRuaN
SILVER 4H :OUTLOOKSILVER New forecast The price of silver has been fluctuating within a narrow path since the morning, so as long as price trade above support area the price will try to retest to the broken previous areas 22.80 and 23.20 levels . taking in to account breaking the support level 22.23 will end the bullish correction and return to the main bearish trend Remembering that our targets start at 21.97 and extend to 21.60 after exceeding the previous level. The expect range trading for today it will be between the resistance line 22.88 and support line 22.50 until stabilized Additionally ,Today News will affect the market . support line : 22.50 , 22.23 resistance line : 22.88 , 23.20 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAGUSD
by Arazmajeed
Silver- Price could rise to 24.50 (more than 1k pips)In my 13 September analysis on Silver, I said that the price could lose support and drop to the next important one at 22.30. The next day, the market did exactly this and touched the indicated zone. However, this was just liquidity grabbing with XagUsd quickly rising back above the 23 figure on 15 Sept. Just like XauUsd, Silver also reversed yesterday from the new top, leaving a Pin Bar on our chart, nevertheless, the structure remains strongly bullish, suggesting continuation. In conclusion, dips should be bought with a 24.50 target.
OANDA:XAGUSDLong
by Mihai_Iacob
14
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