Silver - Downside BreakoutSilver, surprisingly, isn't very bullish despite the recent market panic. However, my technicals are telling me that there's momentum with the neckline breakout to the downside.Shortby FinancialGamblR1
Drop in Silver might not be complete, but it will be temporaryThere is a lot of volatility in the markets this week, so I'll be watching how things unfold to develop this idea more. But to me it looks like for Silver $25 could be a current floor, and another rally could bring it back to $32 or higher. I expect a overall bullish transition into 2025. DYOR Trade SlickLongby kyleruzek1
Silver has a strong bearish momentum, could it fall further?The price is rising towards the resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 27.68 Why we like it: There is a pullback resistance that is slightly above the 38.2% Fibonacci retracement. Stop loss: 28.16 Why we like it: There is a pullback resistance level which is slightly above the 61.8% Fibonacci retracement. Take profit: 26.86 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.Shortby VantageMarkets6
SILVER BUY OVERVIEWHere's the beauty of closing out partial profits & sticking to your rules in trading. We originally closed out 50% of our position at £18,000 profit, followed by the remaining 50% at £17,600 profit, as I kept an eye on price action & noticed price would likely start dropping now. We made 0 losses & enormous profits off our Silver buy analysis, which was called live for you all🦾Longby BA_Investments5
SILVER (XAGUSD): Important Structure BreakoutSilver experienced a significant decrease in value today as the market broke through a key support level. The previously intact range of 27.69 - 27.29 is now acting as a zone of resistance. It is likely that we will see a downward trend towards the 26.30 support level in the near future.Shortby linofx1113
XAGUSD 1D Sym triangleFXOPEN:XAGUSD Sym-triangle with good angle.Most of the swings appeared on up side.Longby H-A_TUpdated 2
XAGUSD - longthis is a market structure trade . simple is better . never complicate to much! use risk managment !Longby KronFX0
XAGUSD Bearish FlagXAGUSD Bearish Flag Detected, here we go all the way to 26.50Shortby GlassICEUpdated 4
XAGUSD Nohope of SurvivalAs i thought XAG went all the way to 26 area, there is no sign of life in this thing, no hope of any survival for those who accumulating in hope of any return, closed my position at 27 No hope for Silver, get out i guess and go suck a lolipop, or find another trade whatever suits uShortby GlassICE0
XAGUSD, Elliott wave analysis■Outlook of XAGUSD on 3D chart. I think we are in sub-wave (2) of wave (ⅲ). Sub-wave (2) will be completed soon, and sub-wave (3) will start. If the assumption of this scenario is correct, Wave (ⅲ) of sub-wave (3) will probably become a 3rd wave extension impulse.Longby EWA-tokyo115
Silver Faces Increasing Pressure: Cautious SentimentSLO2 @ 31.77 📉 SLO1 @ 30.28 📉 TP1 @ 27.43 TP2 @ 25.03 TP3 @ 23.27 TP4 @ 20.55 BLO1 @ 19.89 ⏳ BLO2 @ 18.30⏳ SL @ 17.55 🚫 🔑 BLO = BUY LIMIT ORDER SLO = SELL LIMIT ORDER TP = TAKE PROFIT SL = STOP LOSS 📉 = Order Triggered ⏳ = Order Pending SUMMARY The current market sentiment and technical indicators suggest that the silver downtrend may continue. Nevertheless, the current circumstances are subject to change, so it is advisable for traders to proceed with caution and carefully observe any updates in the market. FUNDAMENTAL The price of silver has pulled back to around $28 per ounce, reversing its recent gains due to concerns about a potential recession and a general increase in risk aversion. Concerns about a potential economic downturn have been heightened by the US economy's weaker-than-expected job growth in July. As a result, investors are now looking for safe-haven assets. TECHNICAL Despite the anticipation of significant interest rate cuts by the Federal Reserve, the general market sentiment remains pessimistic for silver. Based on the technical indicators, it appears that the downtrend may continue, as the short-term moving averages are currently positioned below the longer-term averages. Nevertheless, it is crucial to take into account the conflicting signals from various technical tools and closely observe fundamental developments before finalizing any trading decisions. FUTURES In addition, the recent decrease in delivery volume in the Comex silver futures market suggests a decrease in physical demand. Although this data point is worth considering, it is important to analyze it in the larger market context in order to make meaningful conclusions about the price trajectory of XAGUSD.Shortby ProfessorCEWard1
Silver Like many other things pulling back, and according to how the Dollar DXY looks, i am expecting a dead cat bounce on it and that will give us a 5th wave down (Silver). So, here we got on daily a ict unfulfillment, some major support, and the 5th wave down... I am not shorting this, Only waiting for it down between 26 - 25.7 . here is where i will long it. by Santaclozy111
XAGUSD (BUY)"All "time frame is on an uptrend. So I correlate on the smaller 4HR time frame and look for price making higher highs and higher lows which it's doing. Stop loss is 25.635. Take Profit is at 37.295. 3 Risk Reward Ratio. Obviously use risk management since Silver is similar to Gold and is very volatile. Longby TheRedPrince2213
Will the recent tensions in the region cause price growth in theConsidering the important resistance of silver in the range of 29.30, it can be expected that after the failure of this area, silver will continue its climb up to the range of 30.28 and in case of strength, 31.22 Otherwise, we can expect the price to return to the support area of 27.47by arongroups3
SILVER SHORT FROM RESISTANCE Hello, Friends! SILVER pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 7H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 27.248 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals111
XAU/XAG/COPPER/DXYGold, silver and copper are showing correlation, watch for subsequent reactions and make maneuversby signpuzzles0
SILVER BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! Bearish trend on SILVER, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 27.268. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 111
SILVER BEARISH BIAS|SHORT| ✅SILVER went up to retest The horizontal resistance Level of 29.00$ and we are Already seeing a bearish Reaction so a further Move down is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx111
XAGUSD Silver in Wave 3? On the way to $39 if so.....I am new to EW analysis but it would appear the corrective move is over and an impulsive wave should develop over the next few months. Macro forces of rate cuts and geopolitical risks would support this. A recession is almost guaranteed at this point but I think it will start beginning of 2025 or late 2024. Any input will be greatly appreciated, especially from people more experienced with EW. Thanks!Longby bbruzzese13
SILVER Will Fall! Sell! Hello,Traders! SILVER made a retest Of the strong horizontal Resistance level of 29.00$ And we are already seeing a Strong bearish reaction so We will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals116
SILVER (XAGUSD): Trading Plan Ahead of NFP↪️Today, we are anticipating the release of the US NFP Report. Here are the possible scenario for SILVER. On a 4-hour time frame, the price has formed a dynamic inverted head and shoulders pattern. If there is a bullish breakout above the dynamic neckline at 29.12 with a 4-hour candle close, it will confirm a strong bullish trend. We can expect a bullish continuation towards the psychological level of 30.00. It is advisable to wait patiently for a breakout and then follow the market accordingly.Longby linofx15517
Silver Supply RejectionSilver has just tested the Fresh Supply Zone, with a High Test Rejection Bar ( pin bar) , at a near 886 retracement of the prior upswing. Most retail traders are net long Silver ( 95%+) . The Contrarian View is to take the opposite. A trade is considered for Silver to retest the Demand Zone Below. Enter - now Stop - Above prior swing high Target - Conservative Demand Zone. Aggressive look to prior lowest low . RR = 2 by UmlingoUpdated 112