Silver Finds Support: Bullish Divergence at 0.618 Fib LevelSilver has formed a bullish divergence and is currently finding support at the key 0.618 Fibonacci retracement level. This technical setup suggests a potential upward reversal.
XAGUSD trade ideas
SILVER: Strong Bearish Bias! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.58523$
Wish you good luck in trading to you all!
SILVER:Short trading strategy
The recent silver long short game or fell sharply, daily line and weekly line or short trend, this week's big trend to follow gold, first look at the shock rebound, the second half of the week bearish, rebound is our short opportunity. The rebound to 30.90 can be shorted today. Target 30.5-30
SILVER Will Explode! BUY!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 30.255 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 30.505
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
Silver holds $30 support but bearish trend persists below $31.1Silver prices have bounced 3.75% from their low on November 14th. For now, the area around $30 has held. This suggests silver prices have bottomed and could head higher, but the short-term trend remains steeply bearish. Therefore, waiting a few days for confirmation is likely better. As it stands, the trend remains bearish below 31.15, with traders targeting 30.23 and then 29.76.
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.
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 30.01
1st Support: 28.82
1st Resistance: 32.14
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.
XAGUSDSilver has already reacted to this zone twice, but did not make it to the previous low. I am speculating this time it will go back to its 29.7
Long set up XAGUSDThe price of Silver was in a falling wedge, now she's trying to break the falling wedge. I'm targeting 32.4 for TP1 and 37.4 for TP2. I think Silver is ready for a move up. Can take some time this set up.
XAGUSD 4hr ShortXAGUSD
✅ 4hr Short ✅
💰ENTRY: 30.30650
👎STOP LOSS: 30.81950
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
#XAGUSD #Silver #H4 Higher Time Frame Analysis #XAGUSD #Silver #H4 Higher Time Frame Analysis 🌟📊
Our outlook for Silver remains consistent with our previously shared analysis. Here’s the breakdown:
🔻 Bearish Scenario:
In the last session, Silver closed below the specified levels but failed to form a fully bearish #H4 candle, showing rejection instead. ⚠️ Since we avoid bearish candles with rejection for entries, we’ll continue to wait patiently for a fully bearish candle close below $30 before planning any sell trades. 📉
🔹 Bullish Scenario:
If the price manages to close a fully bullish #H4 candle above $30.82, it could indicate recovery. In that case, we may consider planning a buy entry for potential upside opportunities. 📈
Patience is key; let’s wait for clear confirmations to act! 🎯
WILL THE DEMAND ZONE AT 29 circa HALT FALLING SILVER PRICE?Silver weekly trend remains intact and a bullish rejection this week may likely mark reversal for silver price to the upside.
N.B!
- XAGUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#silver
#xagusd
XAG Long, Final Wave UpXAG is on it's way to complete it's final wave for wave 1 of 5, We could expect an extended wave since waves 1 and 3 are almost equal in size, but still be wary of the upper channel price might still react when market reached 34.xxx level.
Correction Silver and rebound down. H4 15.11.2024Correction Silver and rebound down 📉
Silver is now forming a correction from the zone from the last analysis ,
but I believe the overall trend down is not complete. Since a major pattern
Repositioning to sell has been made, a correction is forming within the pattern
and then rebounding lower. Now the correction is possible to the sellers' zone
31.10-31.56, maybe a little higher is a false move. In terms of rebound down
I am oriented to the area of 28.50, but it will be corrected depending on the size
of the correction. Gold is also in fall and often silver is pulling the fall.
CAPITALCOM:SILVER
SILVER: Local Correction Ahead! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 30.97257$
Wish you good luck in trading to you all!
Don't be shaken out of your silver positionsThis drop has been sudden and significant...lots of bearish sentiment prevails and is all over social media...this is typical of a bottom. Plus when you look at the charts I see s series of 1,2's that have formed which means an explosion is coming...a "beach ball" move is what I am expecting over the next few months...starting this week!!!!
[XAGUSD].Silver is reacting to a very strong support price zone.- At the 12Month frame, silver has a higher high and higher low bullish structure.
- The current silver price is reacting to a very strong support zone. This price zone is above the weekly MA20 and is also the old resistance area that has been broken in the past.
- I think that holding assets during this period is a good thing to do. I chose silver.
I have a question for you: Why silver and not gold ?
XAGUSD - Silver will continue to rise?!Silver is below the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the decline continues due to the current economic data, we can see demand zone and buy within that zone with a suitable risk reward. If the upward trend line is broken and the $30 range is maintained, we can see the continuation of the rise up to the level of $32.
Over the past year, silver struggled to keep pace with gold, as gold reached multiple record highs while silver remained below $30 an ounce for a prolonged period. However, according to one analyst, this trend may shift in 2025, with the gold-to-silver ratio expected to moderate from its recent highs.
Julian Wee, a market strategist at UBS, commented, “Gold remains a favored asset for portfolio risk hedging against various risks, but the shift from a ‘soft landing’ to ‘no landing’ argues for a balance between a defensive stance and exposure to economic growth. Silver, which has historically shown a high correlation with gold, may benefit more from increased industrial demand.”
Wee highlighted that amid rising geopolitical tensions, gold has emerged as a preferred hedge. He noted that gold “has risen 35% this year alone, and demand has remained strong amid numerous risk events and declining global interest rates. At least for this month, gold has asserted itself as a hedge against slower economic growth and rising inflation.”
He further remarked that silver, like gold, also exhibits an inverse relationship to risk aversion, thus serving a similar defensive role. “Amid resilient U.S. GDP growth, investors may find it beneficial to add to portfolios that maintain a strong defensive stance while gradually enhancing exposure to stronger economic growth,” he suggested.
According to Wee, silver is expected to see increased demand due to its widespread use in sectors like technology and electric vehicles, as well as in LED production, solar panels, and medical applications owing to its antibacterial properties. Industrial demand will likely lead to higher demand for physically-backed ETFs. On the supply side, mine production is anticipated to remain limited in 2025.
Jerome Powell, the Federal Reserve Chairman, discussed various factors affecting productivity growth, including the rise of new businesses and workforce mobility. He also noted that automation has contributed to productivity improvements.
Powell emphasized that the current monetary policy is restrictive, though the exact degree remains uncertain. He stated that the Federal Reserve has begun the process of rate reductions and is moving towards a neutral rate, underscoring the need for a gradual and careful approach.
Powell suggested that slowing the pace of rate cuts could be appropriate if data permits. He mentioned that the current monetary policy is well-positioned, providing space for rate reductions if needed, though a careful approach remains necessary. Powell also referred to the recent Producer Price Index (PPI) reading, which showed a slight increase, but he believes the inflation trajectory remains on the right path. He stressed that monetary policy should neither be overly restrictive nor overly lenient.
XAGUSD (Silver) Weekly - Potential High-Probability ReversalOn the weekly chart for XAGUSD (Silver), there are signs of a potential reversal setup contingent on this week’s candle close. Price recently tapped into a high-probability Fair Value Gap (FVG) that had previously broken structure, displacing price higher. A swing low was established above a key high, and this low has since been swept, indicating possible liquidity capture. Price is now interacting with the FVG while taking out this swing low, hinting at a possible reversal.
If this week’s candle closes above the FVG and the recent low, we could anticipate a strong push to the upside in the coming weeks, with an initial target around 34.88981, aligning with the next area of buy-side liquidity.
Always remember: DYOR (Do Your Own Research).
$SILVERHola ,
its now or never in silver
perfect spot to enter imo
invalidation is below $29.6 or the last low
got a tad excited and added at $32 which is now our level to flip for bullas to take over
on the HTF chart this sweep of the blue thick line ( key level ) is just a retest
DIxie topped out or in heavy supply zone so matter of time we resume downside for $ and boom boom for metals .
looking forward to next week
Silver XAG/USD Analysis --- 15.11.2024Bearish Bias: Given the price action below EMAs, BOS, and negative momentum, a further downside move is likely. If the price fails to break above 30.600 (near EMA and resistance), it could retest the 30.000 level or even drop toward the demand zone around 29.800.
Sell XAG/USD (Silver) Bearish ChannelThe XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 30.40, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 29.50
2nd Support – 29.10
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Silver looks ready to reverse higherThursday's trading in silver saw a brief fall to the 61.8% Fibonacci retracement level. The price then quickly rallied and closed green on the day, forming a fine bull hammer candlestick. The relative strength index dipped as low as 38, indicating a moderately oversold condition.
The kneejerk selloff in the metals that followed Trump's election appears to be unwinding, and Silver may be ready to begin it's next leg higher.
