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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

Limited supply of silver with surging demand.Metals markets analyst Steve St. Angelo estimates that in the first half of 2024, the total weighted average cost of production among the leading silver miners rose to at least $26 per ounce. Silver prices have surged over 6%, surpassing $33.6 per ounce. This rise poses a risk of significant financial losses for five U.S. banks holding large short positions in the metal. The Commodity Futures Trading Commission (CFTC) reports that open interest in silver futures has reached 141,580 contracts, each representing 5,000 ounces. This totals about 707.9 million ounces, nearly matching a year’s global silver production, concentrated among these five banks.(Source: yahoo) so if the banks decided to cover short, then the silver will explode. Green energy means more silver demand. Europe expects to install 260 GW of new wind power capacity over 2024-2030. The EU-27 should install 200 GW of this – 29 GW a year on average. (Source: Windeurope) which will have 50% more capacity in 2023, and the demand for silver will continue to rise since atypical wind turbines may contain around 0.5 to 1 kilogram (500 to 1,000 grams) of silver for its electrical components, including brushes and other conductive parts. EVs mean more silver demand. Average vehicle silver loadings, estimated at 15-28 grams (g) per internal combustion engine (ICE) light vehicle, have risen over the past few decades. Silver use is higher in hybrid cars at around 18-34g per light vehicle, while battery electric vehicles (BEVs) are believed to consume 25-50g of silver per vehicle. It is estimated that nearly 90 million ounces (Moz) of silver will be absorbed annually into the automotive industry by 2025. Technical a round bottom, looking for silver to test 50 and likely surpass the resistance.
OANDA:XAGUSDLong
by bruceyam
SILVER Will Go Lower! Short! Please, check our technical outlook for SILVER. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 34.071. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 33.443 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:XAGUSDShort
by SignalProvider
1
Silver H1 | Potential bearish reversalSilver (XAG/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 34.23 which is a swing-high resistance. Stop loss is at 34.72 which is a level that sits above the 127.2% Fibonacci extension level and a pullback resistance. Take profit is at 33.16 which is a swing-low support. 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. 64% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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:XAGUSDShort
by FXCM
2
Could the Silver reverse from here?The price is rising towards the pivot which is a pullback resistance and could reverse the 1st support level which has been identified as a pullback support. Pivot: 34.27 1st Support: 32.93 1st Resistance: 34.85 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAGUSDShort
by ICmarkets
Watch Me Make $600,642 Backtesting in 20 MinutesMastering Backtesting with TradingView's Replay Feature: Your Target Practice for Trading Success In the world of trading, practice makes perfect, and one of the best ways to hone your skills is through backtesting. TradingView’s replay feature serves as an invaluable tool for traders looking to test strategies, refine their skills, and improve their overall performance. Think of it as target practice—a way to simulate real market conditions without the pressure of live trading. This article will delve into how to effectively use the replay feature, challenge yourself, and why practice is essential for every trader. The Power of Backtesting Backtesting is the process of testing a trading strategy on historical data to determine its viability. It’s like a dress rehearsal for traders, allowing you to assess how a strategy would have performed in different market conditions. With TradingView’s replay feature, you can step back in time and play out the price movements of any market you choose. Using TradingView's Replay Feature Setting Up the Replay Feature: Open TradingView and select the asset you want to backtest. On the chart, locate the “Replay” button in the toolbar (usually represented by a play icon). Click the button and select the date from which you want to start your replay. You can drag the slider to move through the historical data at your own pace. Simulating Live Trading Conditions: As the replay plays out, you can apply your trading strategy just as you would in real-time. Take note of price action, support and resistance levels, and your entry and exit points. Use this opportunity to test different indicators and strategies, adjusting parameters as you see fit. Documenting Your Trades: Keep a journal of your trades during the replay. Note what worked, what didn’t, and any adjustments you made. This reflection is crucial for developing your trading skills. Target Practice: Challenging Yourself To truly benefit from backtesting with the replay feature, consider implementing challenges that simulate the pressure of live trading. Here are some ways to push yourself: 1. Risk Management Challenges: Decide on a specific risk amount for each trade—say $1,000. After reaching a target profit, like $15,000, challenge yourself to avoid losing a predetermined amount, such as $2,500. This mimics real-life scenarios where maintaining profits can be just as challenging as making them. It forces you to practice discipline and stick to your risk management rules. 2. Trade Frequency Goals: Set a target for the number of trades you want to execute during the replay. For example, aim to make 10 trades in a single session. This encourages you to be decisive and consistent with your strategy. 3. Time Constraints: Limit yourself to a specific time frame when executing trades. For instance, challenge yourself to make all trades within a 30-minute window during the replay. This helps you practice decision-making under pressure, enhancing your ability to react quickly in real-market situations. The Importance of Practice for Traders As traders, we must remember that consistent practice is key to mastery. The replay feature allows you to simulate different scenarios without the risk of real money, giving you the freedom to learn from your mistakes. Here’s why practice is crucial: Building Confidence: The more you practice your strategy in a controlled environment, the more confident you’ll become in your abilities. This confidence translates into more decisive actions when trading live. Identifying Strengths and Weaknesses: Regularly backtesting enables you to pinpoint areas where your strategy excels and where it falters. This awareness allows you to adapt and evolve your approach over time. Understanding Market Dynamics: Each market behaves differently. By practicing across various assets and timeframes, you’ll develop a deeper understanding of market dynamics, helping you make better-informed decisions. TradingView’s replay feature is a powerful tool for backtesting and honing your trading strategies. By treating this process as target practice, you can simulate real trading scenarios, test your strategies, and build the skills necessary for successful trading. Don’t shy away from challenging yourself with risk management goals, trade frequency targets, and time constraints. Remember, consistent practice is the pathway to mastery, and with the right tools and mindset, you can elevate your trading game to new heights. So dive into that replay feature, test your strategies, and watch your trading skills flourish!
FX:XAGUSDEducation
by TLTurnerTV
U may be right? I may be crazy, But Silver is going upIf you pull up the 5 year chart on silver, I believe I've found a cup and handle that points to $55 silver. I also remember that the yield curve has un-inverted. That means we have 2 - 4 months (based on a 3-6 month average) on time frame between un-inversion and recession. Thirdly, everything has a correlation of 1. Everything is going up together, and hence it will all fall together. So, my thesis, this explosive move will most likely occur before end of year. Oil, the dollar, check out UUP. You see $50-$55 silver, sell everything. I mean everything. Not just your silver, everything. Silver is always one the very last things to run in a bull market. Good Luck, Cheers
TVC:SILVERLong
by dcsmith5444
Silver - Just Starting The Parabolic Rally!Trading update on Silver ( TVC:SILVER ): Click chart above to see the detailed analysis👆🏻 Silver just perfectly completed the bullish break and retest and is about to reject the next horizontal resistance level. However everything is still significantly bullish and I honestly do expect a breakout soon. Following the previous cycle, Silver might rally another +35% from here. Levels to watch: $34, $45 Keep your long term vision, Philip (BasicTrading)
TVC:SILVERLong
by basictradingtv
15
XAGUSD View!!Silver held its recent decline to around $33.7 per ounce on Monday as the dollar and Treasury yields rallied further on signs of strength in the US economy and bets that former President Donald Trump will win at next month’s election. Easing geopolitical risks in the Middle East also pressured precious metals as Israel’s retaliatory strikes on Iran over the weekend did not target crude or nuclear facilities, while Tehran did not immediately vow to respond, raising hopes of a de-escalation in the regional conflict.
OANDA:XAGUSDShort
by FXBANkthe8055
Silver XAG/USD Analysis --- 28.10.2024Downward Outlook for XAG/USD: Potential support levels: $32.20-$32.15, $32.00, $31.70-$31.65. Possible further declines towards $31.00, $30.50, and the monthly swing low near $30.00 (tested on October 8). Upside Potential: Immediate resistance at $33.65. If breached, potential to reclaim $34.00 and target the $34.30-$34.35 supply zone. Further bullish momentum could aim for the $35.00 psychological mark and challenge the October 2012 swing high around $35.35-$35.40.
MARKETSCOM:SILVER
by CTA_tradesmart