SILVERCFD trade ideas
SILVER at Key Resistance: Bearish Bounce ExpectedOANDA:XAGUSD has reached a critical resistance zone, marked by price rejections and strong selling interest. Recently, this area has consistently led to bearish reversals.
If sellers regain control and rejection signals, such as bearish engulfing candles or strong upper wicks, appear, I anticipate a move toward 30.54973. If the price breaks above this resistance, however, it could invalidate the bearish scenario.
Traders should monitor this level closely and wait for confirmation before entering short positions. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
Silver May Be Attempting a BreakoutSilver has squeezed into a tight range recently, and some traders may expect a breakout.
The first pattern on today’s chart is the series of lower highs since October. Prices have challenged this falling trendline for the last week while staying above December’s lows. Is the resistance fading?
Next, XAGUSD is trying to hold its rising 200-day simple moving average (SMA). That may be consistent with a longer-term uptrend.
Also note how the 50-, 100- and 200-day SMAs are close to each other. A similar convergence appeared in late March as prices began a rally.
They then climbed to their pandemic high around $30 and have remained there since. That may create additional potential for a breakout through long-term resistance.
Finally, MACD is rising.
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SILVER 24-JAN-2025 Chart Analysis
Sells: 4H Counter Trend
Buys: 4H Pro Trend
Note: For Education purpose only
Silver 1HOUR Chart Anylisis Silver 1HOUR Chart Anylisis
This is not financial advice trade and manage your own risk
SILVER (XAGUSD): Technical Outlook ExplainedSilver is currently trading within a tight horizontal range on a 4-hour chart.
To confirm a bullish trend, it is recommended to wait for a break above the upper boundary of the range.
A 4-hour candle closing above 31.00 would confirm a the violation, with a potential continuation to at least 31.43.
On the other hand, a break below the support of the range would signal a bearish trend.
XAGUSDXAGUSD ( Silver / U.S Dollar )
Bullish Channel as an corrective pattern in Short Time Frame
Break of Structure
Impulse Correction
Fibonacci Level - 50.00%
Symmetrical Triangle
55R Trade SilverExpecting a move up to $50-60 most likely this year.
Seasonal bearishness start around Oct-Nov time for precious metals so it would make sense for that to kick in around there and as I’m expecting the next move up to be the strongest since the Covid recovery move for various reasons including fundamentals and technicals - notably Platinum gearing up for wave 3 and the miners on the cusp of major multi-year trendline break outs - then a swift move up makes a lot of sense.
Heading into 61.8% Fibonacci resistance?XAG/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 30.64
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 30.91
Why we like it:
There is a pullback resistance level.
Take profit: 30.10
Why we like it:
There is a pullback support level.
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SILVER - one n single resistance area, holds or not??#SILVER.. market just reached at his one n single resistance area as we discussed in yesterday that is 30.93-95
keep close that region because that is your today one n single resistance and if market holds in that case you can see a drop here but keep in mind.
above that we will go for cut n reverse on confirmation.
good luck
trade wisely
SILVER at Key Resistance Zone – Potential Correction Ahead?OANDA:XAGUSD is at a significant resistance zone. This level that has previously served as strong resistance. Price action within this zone suggests the possibility of a reversal if sellers regain control. The market structure points to potential trend exhaustion, with buyers losing momentum as the pair moves closer to this resistance area.
If the price confirms a rejection from this zone, signaled by bearish candlestick patterns (e.g., bearish engulfing or long wicks), I anticipate a downward move toward the 30.44094 level. This target is realistic level for a potential correction.
Silver / possible correctionWe are very overbought for SILVER, I think, we should see a good drop of the precious metal.
I feel we may see a test of $ 26 area.
Strategy sell area: 30.80-31.80, may place your SL above 32.35 and take profit near $ 26.20 or a bit below 26.0$.
XAG USD 2H XAG USD 2H - Silver
Silver 2-hour timeframe shows a lot of things
Triangle that can break from any side
XAGUSD - Silver Awaiting Higher Numbers?!On the 4-hour timeframe, silver is above the EMA200 and EMA50 and is moving within its ascending channel. If the correction continues, we could see the channel bottom. A consolidation above $31 will provide us with a path for silver to rise to the supply zone, where we can sell with a risk-reward ratio.
South West Pinnacle Exploration Ltd JV has announced plans to commence exploration for copper, gold, and silver in Block 22B in Oman. The company has signed a concession agreement for this block, which is believed to hold significant potential for further mineral discoveries.
Despite some challenges, Hansen, Head of Commodity Strategy at Saxo Bank, holds a more optimistic view on silver due to its dual role as a monetary and industrial metal. He stated, “In 2024, increased industrial demand contributed to a physical deficit in the silver market. Sectors such as electronics and renewable energy, especially photovoltaic (solar) technologies, played a major role in driving this demand.”
Hansen predicts that steady industrial demand will keep silver in a supply deficit heading into 2025. This deficit could be further exacerbated by rising financial or “paper demand” through financial instruments like exchange-traded funds (ETFs). (“Paper demand” refers to financial transactions without physical backing, such as futures, options, or ETFs, as opposed to physical commodity purchases.)
Hansen also forecasts that silver will continue to outperform gold, expecting the gold-to-silver ratio to decline from the current level of 88 to around 75. His positive outlook on silver aligns with his broader perspective on the commodities market, where he sees greater potential for metals linked to the electrification of the global economy compared to those tied to construction.
He elaborated: “Among industrial metals, we maintain our long-term positive outlook on those that support the energy transition, particularly copper and aluminum. These metals are crucial for investments in power grids and the rapid expansion of renewable energy installations, including electric vehicles, solar panels, and wind turbines. On the other hand, we see limited potential for metals like iron ore and steel, which are heavily reliant on construction sector demand.”
Meanwhile, trade tensions between the United States and China, which escalated early in Trump’s presidency, appear to be easing. Many major companies, including Nike, Amazon, and Apple, stand to suffer significant losses if tariffs are increased. On the other hand, China has indicated that it is prepared to take retaliatory measures against any new tariffs, which could push Trump toward negotiation rather than confrontation.
In response to Trump’s threat of imposing new tariffs on Chinese goods, China’s Ministry of Commerce stated: “China is willing to work with the United States to promote the sustainable and healthy development of economic and trade relations.”
Bearish drop off pullback resistance?The Silver (XAG/USD) has reacted off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 30.82
1st Support: 30.17
1st Resistance: 31.40
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SILVER Short1)Trend defined. 1h Downtrend.
2)Contradictory limit order entry. At a previous key level.
3)Default loss. Above the previous high.
4)Default target level. 3.87.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
Silver Short Below low of jan-22-2025Silver did not break out.
Double top formed in downtrend.
Short below low of 22-jan-2025
What future awaits silver? Bullish?
Let's go for a nice profit?
Do you think silver can meet the goals I set?
XAG/USD Analysis: Falling Wedge Breakout Signals More UpsideAs I mentioned in my previous analysis, I am bullish on OANDA:XAGUSD , in addition to Gold.
The price has now clearly broken above the falling wedge’s resistance.
Since Monday, this breakout has proven to be genuine, with dips being consistently bought by traders.
Currently, the price is facing minor resistance just below the 31.00 level.
If this resistance is broken, we could see an acceleration toward my target of 32.00.
As long as the 30.00 level remains intact, Silver maintains its bullish outlook, and buying dips should remain the preferred strategy.
#XAGUSD 4HXAGUSD (4H Timeframe) Analysis
Market Structure:
The price is currently respecting a wedge trendline resistance, which suggests that upward momentum is weakening. This pattern indicates a potential bearish reversal if the price fails to break above the resistance and starts moving downward.
Forecast:
A sell opportunity may arise if the price confirms rejection at the wedge trendline resistance, signaling the possibility of a move toward lower support levels.
Key Levels to Watch:
- Entry Zone: After the price shows clear rejection from the trendline resistance.
- Risk Management:
- Stop Loss: Placed above the trendline resistance or the recent swing high to minimize risk.
- Take Profit: Target the lower boundary of the wedge or nearby support zones for potential downside movement.
Market Sentiment:
The wedge trendline resistance indicates bearish sentiment, with sellers likely to gain control if the price fails to break above the resistance. Waiting for confirmation of rejection ensures alignment with market momentum.
#XAGUSD 4HXAGUSD (4H Timeframe) Analysis
Market Structure:
The price is currently respecting a wedge trendline resistance, which suggests that upward momentum is weakening. This pattern indicates a potential bearish reversal if the price fails to break above the resistance and starts moving downward.
Forecast:
A sell opportunity may arise if the price confirms rejection at the wedge trendline resistance, signaling the possibility of a move toward lower support levels.
Key Levels to Watch:
- Entry Zone: After the price shows clear rejection from the trendline resistance.
- Risk Management:
- Stop Loss: Placed above the trendline resistance or the recent swing high to minimize risk.
- Take Profit: Target the lower boundary of the wedge or nearby support zones for potential downside movement.
Market Sentiment:
The wedge trendline resistance indicates bearish sentiment, with sellers likely to gain control if the price fails to break above the resistance. Waiting for confirmation of rejection ensures alignment with market momentum.
XAGUSD Ideathis pair is on a h4 timeframe resistance zone so we're looking for a short position on a lower timeframe
this is the ascending channel on M15 timeframe which is a valid trendline because o the 3 touches
now we're waiting for a M15 candle to close below the last touch standing on the trendline to enter a sell (short) position
Good luck fam
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