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Xagusdlong

Silver - ready to break out of range?Since reaching $30 and coming back down, XAG has been stuck in a beautiful technical structure. It bounced straight off of the long-term fib at around $26.15 before becoming range bound between the weekly support at around $26.85 and the recent 0.618 level at about $27.75. Last night after the market opened back up, XAG crashed back down to the long term fib at $26.15 before being bought straight back up. You can see this on the 5m chart (I would post it but TV won't let me with my rep level). Combined with all the talk of Gold bouncing off its support and starting a new bull run and the general rising trajectory of Silver, I feel like Silver is ready to make a move up into the $28-29 area. If we do break out past $27.75, $28.27 will probably be where it finds resistance. I would say the best setup if you aren't in already would be to buy on the pullback of this break at $27.75. Entry: $27.75 TP: $28.76 SL: $27.47 (feel free to go wider as the broken fib level should provide some decent support) Happy trading!
TVC:SILVERLong
by pasojov
2
$XAG CFD - Silver can go to 30 and above if it clears 28 hereAs said before and I will say it again, in the past months, Silver's trend and evolution is much clearer than Gold's As you can see from the chart, after reaching 22 on Thanksgiving week (1765 correspondent in Gold ), Silver has had a clear uptrend. More, last week's fall in Gold to 1760 has a 26.50 correspondent in Silver , being far from a drop and just a simple and minor correction (22% higher than the recent low). I expect this divergence to continue, and Silver to be more bullish than Gold also in the future. My strategy for Silver is buying dips and I expect $28 zone to be broken and accelerate its up-move. The first resistance is at 30, but this can be easily be broken if we also have a wave of Gold optimism.
OANDA:XAGUSDLong
by jeffreytesterman
Silver can go to 30 and above if it clears 28As said before and I will say it again, in the past months, Silver's trend and evolution clearer than Gold's And as you can see from the posted chart, after reaching 22 on Thanksgiving week (1765 correspondent in Gold), Silver has had a clear uptrend. More, last week's fall in Gold to 1760 has a 26.50 correspondent in Silver, being far from a drop and just a simple and minor correction (and 22% higher than the recent low). I expect this divergence to continue, and Silver to be more bullish than Gold also in the future. My strategy for Silver is buying dips and I expect 28 zone to be broken and XagUsd to accelerate its up-move The first resistance is at 30, but this can be easily be broken if we also have a wave of Gold optimism.
OANDA:XAGUSDLong
by Mihai_Iacob
41
ridethepig | Silver Slingshot📌 ridethepig | Silver Slingshot Attacking the highs several times • The protecting sellers get in each other's way! • How to maintain the momentum • The birth of fresh strength • Reassessment as an invalidation Since after: The move has been very promising, buyers should, as has been emphasised a few times, have played the momentum trigger. What is the importance of this you may ask? Well, in a nutshell, it renders the 22.5x strong floor as an outpost and fixes it in place in a well defined map. Previously buyers were unable, for good or ill, to break through the highs in one sweep, which is now possible and defines our slingshot. We must also recognise that 26.0x (our pivot level in play for this exercise) contains recognition from both institutional buyers and the WSB crowd dreams of forcing their opponent into capitulation. When both sides align, it's time to swing the bat - it is no surprise that Silver is catching a bid - the people's coin one again being defensive and passive. The goal is an ideal one; the 27% posted targets (see 33.2x). The continuation in nature might be very similar to the playing before: This slingshot shows us the dark side of multiple protection of dollar devaluation which puts the inflation side in the spotlight. You should take with you the idea that underlies this move, in order to be able to maintain the pressure, one must not allow the noise from politics and etc to break your short dollars development. Instead we are going to use the market structure as our guide to clear up any information asymmetry, i.e, if sellers take 18th Jan lows (24.0x) in a sustained breach it can show early signs of the momentum fading and will call for reassessment in the bullish view. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
10
XAGUSD vs XAGCAD? More important than you might think.I have been looking at XAGUSD vs XAGCAD, with the theory that the relative performance of the pairs could be a signal. In this scenario, CAD should be thought of as a proxy for commodities, of which Silver is just one. The USD is acting as a measure of the wider economy, and the role Silver plays in it. Starting with the long term then, some general notes. The CAD (main chart) persistently pegs more closely to the price of silver, as you might expect. It has lower highs, and higher lows. Priced in Silver, CAD is less volatile. USD on the other hand, fluctuates above and below this line, with important potential observations. Notice the considerable difference between the two charts today, a potential for catch up is coming? We can see highlighted important regions. In green, the 2011 Silver and commodity bull market. Silver in USD significantly outperformed, more detail on that later. In red, we see the 2011 to 2020 bear market. Significant under performance of silver is highlighted. We will see some more detail of that in a bit as well, as there are some important differences today. Finally, the period today is highlighted, which appears to be under performed. More on that later. Next, let's get more into the thesis. Here is the consolidation phase of the 2008 bear market. We see persistent and significant out performance, almost without exception from where you set the time scale. The difference grows to as much as 30% in several parts, all before the real bull market begins. Most of this can be seen around $25, which was the previous interim top from 2006. The Silver Bull Market. The growth in XAGUSD continues throughout the process. The top in this cycle is amazingly formed as CAD reaches it's highest point in 40 years vs the USD, in April of 2011. Two months later, the CAD begins it's 30% retreat to the twenty year lows. Measured from December 2008, the performance of XAGUSD peaks in the region of +100% vs XAGCAD (This depends on the start and end date of course). The Crash; Although not obvious initially, the XAGUSD Line dips below XAGCAD and stays below, which seems to confirm this bear market. This limits this relationship for picking tops, I admit. The bear market 2011 to 2016. I've highlighted how the market consistently fails to outperform XAGUSD vs XAGCAD. Even during the 'Bull' run of 2016, there is only a brief, 3 month period where it is even possible to show out performance of XAGUSD, from Nov 2015 to Mar 2016. Move the chart and see for yourself. This signal is squashed even before the bull market begins, which could have been a warning sign as XAGUSD failed to break out relative to XAGCAD. 2016 to 2020. A mixed signal? The consolidation of 2016 to 2020 was mixed, there was no clear under performance, but neither did it outperform. Using the full consolidation phase, we cannot see a breakout today. Today; While no breakout is clear, there are perhaps signs this has changed with this current phase. From the March lows, we can now see Silver in USD is clearly outpacing Silver in CAD, although not yet by as much as in the 2008-2011 cycle. This could mean either; The signal is registering a false breakout. Although unlike the 2016 and earlier interim tops, this out performance has lasted almost a full year. Something that has not happened since 2008. We are still in the early stages of this bull market. Look for this comparison to breakout with a 20 to 30 point difference. This is not hard to see as possible, considering how far XAGUSD needs to catch up just to where XAGCAD is today. And considering that when it does, it tends to overshoot, this could be further confirmation that this party has just started. Takeaways; Look for this comparison to breakout to the upside 20 to 30 points, which could then continue for months to years. A spike in the USD is not out of the cards as always, and would be negative for this relationship. If XAGUSD remained neutral in that scenario, I would be very bullish however. This relationship currently has about 10% cushion to allow that without dropping XAGUSD below XAGCAD. A spike in the USD driving this ratio down would also need to persist for several months to indicate this is not Silver's time. Top in the relationship should be formed by a significant high in the CAD.
FX_IDC:XAGCADLong
by petrykdoug
2
Silver- Ready to break above resistanceUnlike Gold, Silver is in a clear uptrend, with the price putting in higher lows and higher highs since the beginning of December. The spike to 30 from the beginning of February is now corrected and XagUsd looks ready to resume it uptrend. At the time of writing Silver is trading at 27.55, just under 27.80 resistance and a break above resistance can lead to a new challenge of 30 zone. Silver is in a clear uptrend as long as the price stays above 26 and dips should be bought
OANDA:XAGUSDLong
by Mihai_Iacob
8
Silver- To maintain its strong bull trendAs I said in a lot of my previous analyzes, Silver is more bullish than Gold and although XauUsd lagged and stayed under 1900 and weel under its all-time high, XagUsd spiked to reach 30. As normal a correction followed and Siver dropped over 15% to 26. From a technical perspective, the structure remains strongly bullish and 26 is strong support at this point. My strategy is to buy dips towards this support and 30 can be the target in the medium term
OANDA:XAGUSDLong
by Mihai_Iacob
10
Silver Chart Analysis - DAILYI try and breakdown silver as simply as possible, there is currently a lot of outside noise on #silversqueeze but you have to take a look at the fundamentals and let the market tell you what is going on. It is a very simple chart albeit with a lot of volatility. I think we are at the early stages of an uptrend in silver for 2021, I am hedging my bets early that is the case and will enjoy the ride. What do I see? I see on 3 separate occasions since December a pin bar rejection candle in line with key resistance on both static resistance and the channel lines drawn, what does that tell me? I think it is simple trade charting which a lot of people also use to set buy orders / sell limits. there is lots of buyers when it reaches these key levels. Plot them in your charts, back your strategy and pull the trigger only when you think you are at the bottom of your chart analyis I am going to be looking for a rejection candle at about 25.2 as my entry.
OANDA:XAGUSDLong
by JSBAnalysis
Silver- for my Cinderella critics 😱🧟Just my thoughts on Silver and some educational tips. a few things about Silver: - Silver has the highest thermal conductivity of any element Out of all the elements, silver is the best electric conductor, and is actually used as the standard by which other conductors are measured. On a scale of 0 to 100, silver ranks 100 in terms of electrical conductivity. Copper ranks 97 and gold ranks 76. - Humanity (technology) needs Silver like the desert needs some rain. It's the best semiconductor -The price of silver is driven by speculation and supply and demand, like most commodities. The price is notoriously volatile compared to that of gold because of the smaller market, lower market liquidity and demand fluctuations between industrial and store of value uses. - The price is systematically manipulated BIG TIME ( JPMORGAN example and off course, my Chicago friends at the CME , Merrill Lynch and COMEX also etc etc - probably even the Bogdanoff brothers 😱🧟) - This is no Gamestop for any retail investor group to be able to play with. It's too big. - Long-term Cycles in Silver: academic research did not find any clear evidence of silver price suppression. Moreover, when we look at the long-term behavior of silver prices (see the chart), we see clear cyclical patterns, not a permanent downward trend (or even a flat line). Thus: I expect the price to rise and I have the patience to manage my positions on Silver and also on AGQ, accordingly. That's me. One love FXPROFESSOR 💙
FX:XAGUSDLong
by FX_Professor
1
SILVER - The ShiningSilver intermediate cycle bottomed with gold on the 30th November. Silver didn't have that serious decline at the end of the last intermediate cycle like gold. Notice that we were in a consolidation box for 4 months and today we broke out. Is it too late to enter the party? No. We are still early in this game and I think silver will run to 42 and maybe to 50 in the following 3-4 months. I've already posted my thoughts regarding the XAUXAG ratio: If you are looking for targets in silver I suggest to read the idea above . If you are not in a position yet I would wait for a backtest of the consolidation box at 26.00$. If you already in a position I would increase the position size at 26$. We have a lot of time in this trade before we have to worry about a top. TSI is just turning up and RSI just reached the overbought territory. RSI can stay overbought for a month or more just like last summer. I will set this idea as a long idea as we broke out of the box but I would wait for a backtest at 26$ before entering.
OANDA:XAGUSDLong
by chartwatchers
8