silver xagusd is "undervalued"technically very strong coming back to low levels, silver will hit 36 easily soon in my opinion, but i think it can go to 38/40.
SILVER trade ideas
SILVER: Will Keep Growing! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SILVER pair price action which suggests a high likelihood of a coming move up.
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SILVER Massive Long! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 32.449
Bias -Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 33.607
Recommended Stop Loss -31.757
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
XAGUSD Downside Likely as 1M Pivot ResistsHello,
OANDA:XAGUSD is currently at its one-week low, trading below the 1-month pivot point (1M PP). If the 1M PP continues to act as resistance, further downside is likely, potentially leading to a test of the 31.79 to 30.049 range.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
XAGUSDXAGUSD ( Silver / U.S Dollar )
Completed " 12345 " Impulsive Waves at Extreme Point of Interest ( POI ). It has completed Break of Structure. Strong Divergence impacting Change of Characteristics to complete the Order Bloc
Bearish drop?XAG/USD has broken out of the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 32.24
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 33.06
Why we like it:
There is an overlap resistance level.
Take profit: 31.56
Why we like it:
There is an overlap support level that aligns with the 78.6% Fibonacci retracement.
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XAGUSDPair : XAGUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Demand Zone
Bearish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 50.00%
Break of Structure
XAGUSD has formed a double topOn the 4-hour chart, XAGUSD formed a double top pattern. At present, attention can be paid to the resistance near 33.1. If the rebound is blocked, short selling can be considered. The downside target is the 31.5-32.0 area.
Bullish Divergence Formed on SILVER XAGUSDWe have a bullish Div here on Silver 45min TF.
Divergence is not completely fool proof, however 7 out of 10 times, they give you a win and push into green, giving you an oppurtunnity to cut your stoploss in half.
There are 3 possible rejective price levels on chart. Which may send price back on a bearish rally. However once price breaks 32.50 it should retest rejection price level 1.
This will be interesting to watch play out this week, once markets reopen in 3 to 6hours, Be mindful of market open CME Gap. OANDA:XAGUSD
Evening Star in Silver Indicating Price LossesSilver has seen significant price losses in recent years. A bearish Evening Star pattern has now been established on the weekly chart, which makes a further price decline likely.
We are also taking a bearish stance in the medium term and expect the price to fall to the target zone. Although this is below the USD 30 mark, the overarching uptrend in silver would remain intact.
XAGUSD/ POTENTIAL REVERSAL AREA Seems like silver may be completing the correction. I have outlined entry, profit and stop-loss levels. The weaker resist lines are at 33.30 and 34.60 zones.
BEWARE, the second support area is very strong, too !!!
Good luck!
SILVER_105 2024.11.08 03:36:03 Trading Signal BUYFrankPro Signal for SILVER_105
Type: Screen
Signal: BUY
TP: 32.043
SL: 31.551
Entry Price: 31.715
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Down
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Down
ST=Down LT=Down
ST=Down LT=Down
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: Down
* Reasoning: The price has broken below key support levels, including the 50-day SMA, and is currently under pressure. The technical outlook suggests a potential bullish correction to test the resistance area near $32.05, but this is likely to be followed by a downward rebound. Additionally, market indicators such as oscillators on the daily chart are gaining negative traction, indicating a path of least resistance to the downside.
**Long-term (next few weeks to months):**
* Expected price movement: Down
* Reasoning: The analysis suggests that silver prices are vulnerable and may continue to decline unless there is a strong breakout above key resistance levels. The technical outlook indicates a potential continuation of the fall, targeting levels below $28.45. Furthermore, the strengthening of the US Dollar following the presidential election is likely to maintain downward pressure on silver prices.
It's worth noting that a strong breakout above $33.65 could indicate continued growth to the $35.05 area, but this scenario seems less likely based on the current analysis.
Result: ST=Down LT=Down
Analysis Method(1)
Based on the provided analysis, here are my conclusions on the expected price movement of XAG/USD (Silver) in both the short-term and long-term:
**Short-Term Analysis (next few days/week):**
* The price is expected to go down. The current price action suggests further potential declines, with support levels identified at $30.40-$30.35 (100-day SMA) and potentially lower to $30.00, $29.70, and the 200-day SMA near $28.55.
* However, there is an expectation of an attempt to develop a bullish correction in the price of silver, testing the resistance level near $32.05, followed by a potential downward rebound and continuation of the fall in price.
**Long-Term Analysis (next few weeks/months):**
* The price is expected to go down. The technical outlook indicates that any attempted recovery might be seen as a selling opportunity, with the path of least resistance currently to the downside.
* The strong US Dollar, bolstered by Trump's election victory, is a significant factor in the current downward pressure on silver prices, which is likely to continue in the long-term.
* However, if the price clears the $33.00 mark, it could target the October 31 high of $33.89 and potentially higher levels, indicating a potential reversal of the downtrend.
Overall, the analysis suggests that the price of silver is likely to continue its downward trend in both the short-term and long-term, with potential support levels at $30.40-$30.35 and $28.55. However, there is a possibility of a bullish correction in the short-term, and a potential reversal of the downtrend if the price clears the $33.00 mark.
Result: ST=Down LT=Down
Analysis Method(2)
Based on the analysis, here are my predictions for the Silver price (XAG/USD):
**Short-term (next few days to a week):**
* The price is expected to go down. The breakdown below the 50-day SMA and the short-term ascending trend-channel has triggered bearish sentiment, and oscillators indicate negative traction. The price is likely to continue its fall towards the 100-day SMA support around $30.40-$30.35.
* Immediate support levels to watch are $30.23 (100-day SMA) and the psychological mark of $30.00. If these levels are broken, the price could drop further to $29.70.
**Long-term (next few weeks to a month):**
* The price is expected to stay the same or go down slightly. The strong US Dollar following Donald Trump's victory in the presidential election is likely to keep Silver prices in check. The price may eventually drop below the $30.00 psychological mark, heading towards the $29.70 zone and the 200-day SMA near $28.55.
* However, if the price manages to break above the 50-day SMA breakpoint near $31.40, it could lead to a short-covering move, but it may not sustain and could fizzle out near the $32.65 region.
Overall, the technical analysis suggests a bearish sentiment in the short-term, while the long-term outlook is neutral to slightly bearish due to the strong US Dollar.
Result: ST=Down LT=Down
Silver very bullish now. Giving its usual false breaks earlier
As I mentioned for Gold price and Silver, although overextended a bit in price still, I am seeing momentum swinging back for the bulls and on the important bigger timeframes like 4hr and daily.
This chart is a recent Fibs pullback. Check it out below.
Silver Medium term Projection-24.00USDSilver Medium-term Projection-24.00USD
The medium-term projection for silver looks quite promising! I am predicting that silver prices could reach $34.70 to $48.00 per ounce by 2025. Looking further ahead, my forecasts suggest silver could hit $50 per ounce by 2025 end and potentially $77 per ounce by 2026. By 2030, silver prices might even peak at $120 per ounce.
XAG/USD Long H4 Buyers are Loading ?Buy Stop @ 28.16714
S/L @ 27.08079
T/P @ 31.4171
R.R.R. @ 1/3
Pure Price Action Trading based on Breakout of Key Level.
Good Trading !
Silver Price Analysis: 5th Wave EmergesSilver Price Analysis: 5th Wave Emerges – Targeting $34.50 and Beyond
The attached chart provides a technical analysis of silver (XAGUSD) on a 75-minute timeframe, highlighting its movement through a series of Elliott Waves and technical formations that signal potential price targets. Currently, silver appears to be starting its 5th wave, indicating an upward movement that could drive prices significantly higher in the near term.
Key Technical Insights:
Falling Wedge Pattern: The chart reveals a falling wedge formation in wave (4), typically a bullish reversal pattern. As silver broke out of this formation, it confirmed the beginning of wave (5), marking a shift in trend towards an upward trajectory.
Wave Count: According to Elliott Wave Theory, silver has completed waves (1), (2), (3), and (4) and is now entering wave (5). This final impulse wave often signals a continuation of the bullish trend, pushing prices to new highs before a potential reversal or corrective phase.
Current Price Action and Initial Target:
Starting Point: Silver has started its 5th wave from a recent low of $32.264.
Target 1: The immediate price target for this wave is $34.50. This target is based on the previous resistance level and aligns with technical indicators that suggest upward momentum.
Fibonacci Extension Target:
If the 5th wave gains strong momentum and reaches 1.618 times the length of wave (1), silver could potentially reach the $35.595 mark. The 1.618 Fibonacci extension level is often associated with the completion of strong impulsive waves, providing a secondary target for bullish traders.
Supporting Indicators:
Moving Averages and Bollinger Bands: The chart shows silver moving along key moving averages with the Bollinger Bands expanding, indicating increased volatility and room for price movement within the upward trend.
Volume: An increase in trading volume supports the breakout, indicating that buyers are entering the market, further strengthening the bullish outlook.
Summary
With the breakout from the falling wedge and the start of the 5th wave, silver is positioned for a potential rally towards $34.50, with an extended target of $35.595 if momentum continues. Traders should watch for price action around these levels, as they could present opportunities for profit-taking or further breakout trades if bullish sentiment remains strong. However, caution is advised as silver approaches these resistance levels, as a reversal could occur once the 5th wave completes.
Silver's price action over the next few sessions will be critical in confirming the strength of this upward movement and whether it can achieve the anticipated Fibonacci extension level.
#DYOR
SILVER SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on SILVER right now from the support line below with the target of 34.523 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
SILVER, bargain opportunity that's hard to resist.SILVER has trimmed it's price significantly to multi week lows.
The overextended correction is a good opportunity for possible reversal prospect.
KEY NOTES:
Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision.
Histogram higher lows.
Daily Higher lows -- firm ascending support lines.
TRI-MONTHLY higher lows - price + histogram conveying firm price valuation goal.
Bubble up volume appeared twice this last 2 quarters -- current range of 22.00-23.00 acting as support space for XAG.
Spotted at 22.3
TAYOR
Safeguard capital always.
Silver Is Breaking Out Of A Wedge! Silver is coming nicely to the downside, reversing after reaching levels above 34 and 35 back in October. Notice that this top formed with a wedge pattern, which typically occurs at the end of an impulsive sequence. I believe an important top is now in place for silver, suggesting a much deeper correction may unfold, especially if the dollar remains strong following Trump’s election win. After any pullbacks, further weakness is likely, particularly considering that when an ending diagonal completes, price can often retrace back to the starting point of that pattern.
Grega
Potential Long buys on Silver Looking at the weekly TF, the market retested the resistance zone and it last low it made "the box thingy I draw", going down to lower TFs, signs of struggles show as the market tries to continue go down.
XAGUSD Trade Log Trade Setup - XAGUSD Long in Daily FVG
Details:
- Pair: XAGUSD (Silver)
- Timeframe: Daily
- Setup: Long within daily Fair Value Gap (FVG)
Trade Parameters:
- Risk-Reward Ratio (RRR): 1:5
- Risk: 1% of account
- Entry: Watch for confirmation of price stability or bullish reversal signals within the daily FVG.
Stop-Loss and Take-Profit:
- Stop-Loss: Positioned just below the lower boundary of the FVG.
- Take-Profit: Target set at five times the stop-loss distance to achieve the 1:5 RRR.
Additional Notes:
- With a high RRR, rely on strong confirmation signals to support the extended target.
- Stay alert for economic events that could increase XAGUSD’s volatility.
SILVER_108 2024.11.07 13:48:05 Trading Signal SELLFrankPro Signal for SILVER_108
Type: Screen
Signal: SELL
TP: 30.325
SL: 31.757
Entry Price: 31.578
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Down
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Down
ST=Down LT=Down
ST=Down LT=Down
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: Down
* Reasoning: The price has broken below key support levels, including the 50-day SMA, and is currently under pressure. The technical outlook suggests a potential bullish correction to test the resistance area near $32.05, but this is likely to be followed by a downward rebound. Additionally, market indicators such as oscillators on the daily chart are gaining negative traction, indicating a path of least resistance to the downside.
**Long-term (next few weeks to months):**
* Expected price movement: Down
* Reasoning: The analysis suggests that silver prices are vulnerable and may continue to decline unless there is a strong breakout above key resistance levels. The technical outlook indicates a potential continuation of the fall, targeting levels below $28.45. Furthermore, the strengthening of the US Dollar following the presidential election is likely to maintain downward pressure on silver prices.
It's worth noting that a strong breakout above $33.65 could indicate continued growth to the $35.05 area, but this scenario seems less likely based on the current analysis.
Result: ST=Down LT=Down
Analysis Method(1)
Based on the provided analysis, here are my conclusions on the expected price movement of XAG/USD (Silver) in both the short-term and long-term:
**Short-Term Analysis (next few days/week):**
* The price is expected to go down. The current price action suggests further potential declines, with support levels identified at $30.40-$30.35 (100-day SMA) and potentially lower to $30.00, $29.70, and the 200-day SMA near $28.55.
* However, there is an expectation of an attempt to develop a bullish correction in the price of silver, testing the resistance level near $32.05, followed by a potential downward rebound and continuation of the fall in price.
**Long-Term Analysis (next few weeks/months):**
* The price is expected to go down. The technical outlook indicates that any attempted recovery might be seen as a selling opportunity, with the path of least resistance currently to the downside.
* The strong US Dollar, bolstered by Trump's election victory, is a significant factor in the current downward pressure on silver prices, which is likely to continue in the long-term.
* However, if the price clears the $33.00 mark, it could target the October 31 high of $33.89 and potentially higher levels, indicating a potential reversal of the downtrend.
Overall, the analysis suggests that the price of silver is likely to continue its downward trend in both the short-term and long-term, with potential support levels at $30.40-$30.35 and $28.55. However, there is a possibility of a bullish correction in the short-term, and a potential reversal of the downtrend if the price clears the $33.00 mark.
Result: ST=Down LT=Down
Analysis Method(2)
Based on the analysis, here are my predictions for the Silver price (XAG/USD):
**Short-term (next few days to a week):**
* The price is expected to go down. The breakdown below the 50-day SMA and the short-term ascending trend-channel has triggered bearish sentiment, and oscillators indicate negative traction. The price is likely to continue its fall towards the 100-day SMA support around $30.40-$30.35.
* Immediate support levels to watch are $30.23 (100-day SMA) and the psychological mark of $30.00. If these levels are broken, the price could drop further to $29.70.
**Long-term (next few weeks to a month):**
* The price is expected to stay the same or go down slightly. The strong US Dollar following Donald Trump's victory in the presidential election is likely to keep Silver prices in check. The price may eventually drop below the $30.00 psychological mark, heading towards the $29.70 zone and the 200-day SMA near $28.55.
* However, if the price manages to break above the 50-day SMA breakpoint near $31.40, it could lead to a short-covering move, but it may not sustain and could fizzle out near the $32.65 region.
Overall, the technical analysis suggests a bearish sentiment in the short-term, while the long-term outlook is neutral to slightly bearish due to the strong US Dollar.
Result: ST=Down LT=Down
XAGUSD LONG-ScalpingThis is a high-risk trade setup. While I believe silver has more room for a rally, I expect it may need a significant drop first—that's what my instincts say. However, based on the charts, I’ve decided to go long as the price action has been resilient and seems poised to recover from yesterday's bearish whipsaw candle. Reminder: this is a high-risk trade with 0.50% capital at risk.
