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XAGUSD trade ideas

Silver Faces Resistance After Recent RallySilver remained above $32 per ounce on Sunday after recent volatility, supported by a weaker dollar on soft US economic data and easing global trade war concerns. On Friday, silver hit a three-month high, driven by strong industrial demand, particularly in electrification and manufacturing. Reports showed China added 357 gigawatts of solar and wind power in 2024, boosting industrial silver use. Meanwhile, India’s Oil and Natural Gas Corp pledged INR 1 trillion for renewable energy, and Indonesia aims to add 17 gigawatts of solar capacity. Key resistance is at 33.15, with further levels at 33.80 and 34.50. Support stands at 31.40, followed by 30.90 and 30.20.
FOREXCOM:XAGUSD
by ChartMage
XAG/USD: Silver Uptrend with Short-Term ConsolidationAs of February 11, 2025, the XAG/USD (Silver Spot/US Dollar) exchange rate exhibits a positive medium-term trend despite a recent short-term slowdown. Currently, the price is around $32.83 per ounce at the time of writing. The first resistance level is identified at $32.24, followed by a second resistance at $32.96. The first support level is at $31.52, with an additional support at $31.21. In the short term, a weakening of the bullish trendline is observed, with the price testing the high at $32.24. Technically, a potential decline towards the $31.21 support level remains possible. Recent political decisions, such as the announcement of a 25% tariff on all steel and aluminum imports to the United States, have impacted financial markets, leading to an appreciation of the US dollar and a decline in stocks. These developments could affect the precious metals market, including silver. Despite the positive medium-term trend, silver is currently undergoing a consolidation phase in the short term.
OANDA:XAGUSDLong
by EdgeTradingJourney
1
XAGUSD M15 | Falling from the 61.8% Fibo?Based on the M15 chart, the price is approaching our sell entry level at 32.81, aligning the 61.8% Fibonacci retracement. A rejection at this level could drive prices lower toward our take profit at 32.24, a pullback support level. The stop loss is set at 33.39, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAGUSDShort
by FXCM
Silver key trading level at 3171The Silver (XAGUSD) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The price action creates a sequence of higher highs and higher lows. The recent consolidation appears to be breakout and a retest of a bullish pennant. The key trading level is at 3171, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 3171 level could target the upside resistance at 3274 followed by the 3308 and 3340 levels over the longer timeframe. Alternatively, a confirmed loss of 3171 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 3125 support level followed by 3076. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:XAGUSD
by TradeNation
SILVER POSSIBLE SELL?The market is currently testing the current Weekly 0.61 & 0.786 Fib area. Based on Daily & 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
OANDA:XAGUSDShort
by WiLLProsperForex
Silver is still flirting with its key short-term resistance areaLooking at the current technical right now, we can see that MARKETSCOM:SILVER bulls are trying to find strong grounds to lift themselves and travel back to the current all-time high. However, certain boxes have to be ticked first, before we can get a bit more comfortable with further action to the upside. TVC:SILVER 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:SILVER
by Marketscom