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Silver / U.S. DollarSilver / U.S. DollarSilver / U.S. Dollar

Silver / U.S. Dollar

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XAGUSD trade ideas

Buy opportunityThe pair presents an enticing Buy opportunity at the price of 27.842, with favorable potential for profit. Targets: Primary Target: 29.190 Secondary Target:30.110 Breakout Scenario: In the event of a breach above the Support level of 28.550, indicative of a bearish breakout, the target price is anticipated to ascend towards 27.000. Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed buy strategy, suggesting upward pressure on the Silver pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements.
FX:XAGUSDLong
by GODOCM
Silver H4 | Falling to 61.8% Fibonacci supportSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 27.24 which is an overlap support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 26.20 which is a level that lies underneath a pullback support. Take profit is at 28.54 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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:XAGUSDLong
by FXCM
1
Silver – the erratic cousin of goldSome say CAPITALCOM:GOLD and CAPITALCOM:SILVER move in tandem, but with CAPITALCOM:SILVER being more unpredictable and even more volatile than $CAPITALCOM:GOLD. That is generally true. However, sometimes they divert. I believe that is the case now. Yes, the Gold Silver Ratio is slightly up recently, but the trend of CAPITALCOM:SILVER is down. For CAPITALCOM:GOLD it is up (see my analysis of CAPITALCOM:GOLD ). Downward channel on the 4H last month, keeping below its 100 EMA, and after few days of upwards movement it is due for a return to the channel bottom. RSI is flat at 51, MACD is positive but declining. CAPITALCOM:SILVER is highly unpredictable and can move a lot basically without any reason. So be careful. I believe we will see CAPITALCOM:SILVER move towards $26 which is the low from May. Handle with care, that being said, CAPITALCOM:SILVER is excellent for scalping due to its volatility. Keep in mind though, this works both ways.
CAPITALCOM:SILVERShort
by WeRideAtDawn
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