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SILVERCFD trade ideas

Silver Short Idea for June Seasonal Outlook 🌦️ June has historically been a challenging month for silver. Seasonality analysis suggests that silver often experiences weakness during this period. Various factors, including market liquidity, investor behavior, and macroeconomic conditions, contribute to this trend. As we enter June, these seasonal patterns may play a significant role in influencing silver prices, potentially leading to a decline. Commitment of Traders (COT) Index 📊 The COT index, which measures the positioning of different market participants, offers valuable insights into market sentiment. Currently, the 6 month COT index score for silver is at a bearish 3.8%, while the 3-year rolling COT index score is even lower at 2.3%. These figures indicate that smart money—typically the more informed and larger traders—are significantly short on silver. This bearish sentiment from smart money contrasts sharply with the retail traders, who are predominantly long on silver. This divergence often suggests a potential reversal or pullback in prices as the smart money tends to be on the right side of the market over time. Technical Analysis 🔍 Despite the overall uptrend in silver prices, several key technical signals suggest a potential pullback is on the horizon: Break of Structure: A higher time frame break of structure has been observed, indicating a potential shift in market dynamics. Buy Side Liquidity Taken: Recent price action has taken out buy-side liquidity, potentially trapping retail traders who are long. Imbalance Left Behind: An imbalance left on the H4 chart adds to the expectation of a corrective move. Given these factors, a strategic short position could be advantageous. The proposed trading plan is as follows: Entry: Sell at $31.24 Stop Loss: Above the recent H4 high after the imbalance Take Profit: $26.80 This plan aims to capitalize on the expected pullback to a daily demand level before any new buyers step in. Conclusion 🧩 In summary, the seasonal weakness in June, coupled with bearish signals from the COT index and technical indicators, supports the case for a short position in silver. While the overall trend remains up, the confluence of these factors suggests a pullback is likely. Traders should consider the outlined strategy to navigate the anticipated market movements.
OANDA:XAGUSDShort
by Mike_SnD
4
XAGUSD ( BREKOUT DESCENDING CHANNEL ) ( 4H )XAGUSD HELLO TRADERS Tendency , the price is under bearish pressure , after breakout channel and trading below turning level at 27.96. TURNING LEVEL : the price of this level at 27.96 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach of a resistance level (1) . RESISTANCE ZONE : this zone between 28.84 and 29.65 , in order to see this zone the price need breaking turning level at 27.96 , breaking this price indicates an increase and reaching the resistance level (1) at 28.84 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 29.65 , after breaking this zone it will be attempt to reach resistance level (3) at 30.82 , selling have already increase in this zone . SUPPORT ZONE : this zone between 26.68 & 26.07 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 26.68 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 26.07 CORRECTIVE : the price corrective at 27.96 , before dropping . TARGET LEVEL : RESISTANCE LEVEL :28.84 , 29.65 , 30.82 . SUPPORT LEVEL : 26.68 , 26.07 .
OANDA:XAGUSDShort
by ArinaKarayi
1
Three reasons why Silver Bulls should not despairSilver prices have been under pressure in recent weeks, but that hasn't always been the case. Earlier this year, we identified a breakout that suggested a potential 25% increase in price, which largely materialized. Now, the price has returned to the ascending triangle breakout point around the $26 level. The market has bounced off this level, and as long as it stays above, there’s potential for prices to rise towards $30 or even $32. Additionally, macro fundamentals are currently favorable for both silver and gold, with the Fed likely to cut rates and a weakening economy offering a safe haven push. Geopolitical tensions in the Middle East, while more impactful on gold, could also provide some support for silver. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAGUSDLong
by ThinkMarkets
SILVER Will Go Higher! Buy! Take a look at our analysis for SILVER. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 27.735. The above observations make me that the market will inevitably achieve 30.577 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDLong
by SignalProvider
2
Xagusd buy tradeHere’s a bullish analysis for XAG/USD on the H4 timeframe: Technical Indicators Trendline Breakout: Recently, XAG/USD has broken out of a bullish trendline, indicating potential upward momentum1. Fibonacci Levels: The price is currently climbing from the pivot level at 24.771, aligning with the 23.6% Fibonacci retracement level1. Symmetrical Triangle: The price action is forming a symmetrical triangle, and a breakout above the triangle resistance could signal a strong bullish move2. Key Levels Resistance: 25.259 Pivot: 24.771 Support: 24.5761 Moving Averages The 20-period EMA is flat, suggesting a range-bound market. However, a breakout above this level could confirm a bullish trend2. RSI The RSI is currently below the 50.00 line, but a move above this level could further support the bullish outlook2. Conclusion Based on the current technical setup, XAG/USD shows potential for a bullish move, especially if it can break above the key resistance levels and maintain momentum. Traders should watch for a confirmed breakout and consider entering long positions with appropriate risk management.
OANDA:XAGUSDLong
by Mansa_Musa_Capital
Silver - outlook still uncertain for nowGold and silver made significant gains this morning in an otherwise featureless trading session. Both have built on last week’s late recovery. As with other risk assets, gold and silver shot higher on Thursday following the release of a better-than-expected weekly Unemployment Claims number. This helped them to make back losses from earlier in the week following the big ‘risk-off’ move in Monday. Gold is comfortably above $2,400 and not a million miles away from July’s all-time high of $2,483. Meanwhile, silver was up 1.8% in early trade, and just a few cents below $28 per ounce. That’s a promising start to the week for both metals. Gold should pick up buying interest if it goes on to hit a fresh record. But silver really needs to get back above $30 to reignite interest. It remains very oversold, and it’s from positions like this that sharp rallies can develop. Yet there remains a danger that it takes another dip lower and retest support just below $26. But there are some signs that sentiment is improving when looking at the shorter, while less reliable, MACD time periods.
TRADENATIONSB:XAGUSD
by muggins