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Silver / U.S. Dollar

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XAGUSD trade ideas

Heading into overlap resistance?The Silver (XAG/USD) is rising towards the pivot which is an overlap resistance and could reverse to the pullback support. Pivot: 31.56 1st Support: 30.36 1st Resistance: 32.35 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
SILVER_110 2024.11.07 04:31:03 Trading Signal SELLFrankPro Signal for SILVER_110 Type: Screen Signal: SELL TP: 30.244 SL: 31.287 Entry Price: 30.989 Analysis for SILVER Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the analysis, here are my predictions for the price movement of XAG/USD (Silver) in both the short-term and long-term: **Short-term (next few days to a week):** The price is expected to go **UP**. The current price is around $32.50, and there is an expectation for the price to test the support area near 32.15 before rebounding and continuing its growth towards levels above 33.85. Additionally, the upcoming US election and Federal Reserve meeting could lead to a weaker US Dollar, which could propel silver prices higher. **Long-term (next few weeks to months):** The price is expected to go **UP**. The fundamental picture for silver remains positive due to increasing demand, particularly in technology production, electric vehicles (EVs), and renewable power solutions. This demand has outpaced supply, which is expected to continue supporting higher prices for silver. The technical outlook also suggests that a close above the 32.60 level could signal renewed upward momentum, potentially driving prices towards 33.01 and 34.00. Overall, both the short-term and long-term analyses suggest that the price of silver is expected to go up, driven by a combination of technical and fundamental factors. However, it's always important to keep in mind that market volatility and unexpected events can impact price movements. Result: ST=Up LT=Up Analysis Method(1) Based on the analysis, here are my predictions for the XAG/USD (Silver) market: **Short-term (next 24-48 hours)** * The price is expected to be volatile due to the ongoing US election and the upcoming Federal Reserve meeting, which could impact the US Dollar and, in turn, silver prices. * If silver fails to break above $33.00, it could test the support levels at $32.25, $32.15, and $31.32. * However, if the price breaks above $33.00, it could lead to a swift run toward the $34.00 handle. * Given the uncertainty and volatility, the price could go either way, but I would slightly lean towards a **downward movement** in the short-term, testing the support levels. **Long-term (next week and beyond)** * The fundamental picture for silver remains positive, driven by increasing demand, particularly in technology, electric vehicles, and renewable power solutions. * The gap between global supply and physical demand is expected to continue supporting higher prices. * The technical analysis suggests that if XAG/USD clears the $33.00 level, the next target could be the October 31 high of $33.89, followed by $34.00 and potentially the year-to-date peak at $34.86. * Based on the positive fundamental analysis and the potential for a breakout above $33.00, I would predict a **long-term upward movement** in the price of silver. Overall, while there may be short-term volatility and potential downward movement, the long-term outlook for silver appears to be positive, driven by strong fundamentals and potential for a breakout above $33.00. Result: ST=Down LT=Up Analysis Method(2) Based on the analysis provided, here is my assessment of the expected price movement for Silver (XAG/USD) in both the short-term and long-term: **Short-term (next few days to a week):** * Expected price movement: Down (correction) * Reasoning: The analysis mentions an expectation of a short-term bearish correction to test support levels, despite the overall bullish trend. This suggests that the price may experience a temporary decline before potentially resuming its upward momentum. * Potential price range: $31.34 to $32.15 (support levels) **Long-term (next few weeks to months):** * Expected price movement: Up * Reasoning: The analysis indicates a bullish trend with potential for continued growth if key resistance levels are broken. The forecast also mentions a potential target above $33.85 if the price breaks out above $33.25. * Potential price range: $33.25 to $34.86 (resistance levels and year-to-date peak) Overall, while there may be a short-term correction, the long-term outlook for Silver (XAG/USD) appears to be bullish, with potential for continued growth driven by a weaker US Dollar and other market influencers. Result: ST=Down LT=Up
TVC:SILVERShort
by frankiepro
Silver Is Breaking Out Of A Wedge! Silver is coming nicely to the downside, reversing after reaching levels above 34 and 35 back in October. Notice that this top formed with a wedge pattern, which typically occurs at the end of an impulsive sequence. I believe an important top is now in place for silver, suggesting a much deeper correction may unfold, especially if the dollar remains strong following Trump’s election win. After any pullbacks, further weakness is likely, particularly considering that when an ending diagonal completes, price can often retrace back to the starting point of that pattern. Grega
SAXO:XAGUSDShort
by ew-forecast
XAGUSD Trade Log Trade Setup (2/11/2024) - XAGUSD Long in Daily FVG 1. Setup: Enter a long position at the market open within the daily Fair Value Gap (FVG), as price is currently deep within this potential support zone. 2. Entry strategy: - Target: 1:2 RRR. - Risk: 1% of account. - Entry confirmation: If already in the FVG, look for price stability or reversal signals (e.g., bullish candlestick patterns or rejection wicks) to confirm the entry. 3. Stop-loss and take-profit: - Place stop-loss below the lower boundary of the daily FVG to manage downside risk. - Set take-profit at twice the stop-loss distance to achieve a 1:2 RRR. 4. Additional considerations: - Monitor for any relevant economic or geopolitical news that could affect silver's volatility. - Ensure that the price action continues to support the long bias before committing fully to the trade.
OANDA:XAGUSDLong
by Fondera
SilverStill on the very same idea as yesterday, we got stopped out of the initial trade but getting a better price to work with, lets see how the next few days pan out, i am expecting to be stopped out a number of times due to election volatility but still we keep the same risk as usual, please trade with caution. *Initial Idea* The US Federal Reserve’s policy decision, set for Thursday, is capturing market attention. A 25 basis point rate cut is widely anticipated this week, with the CME FedWatch Tool indicating a 99.5% likelihood of this move in November. Such a rate cut could lend support to Silver, as lower interest rates decrease the opportunity cost of holding non-yielding assets. In addition, expectations for further economic stimulus from China could enhance Silver's demand outlook. The Standing Committee of the National People's Congress (NPC) is convening for a five-day meeting from November 4 to 8, where a stimulus package possibly exceeding 10 trillion yuan may be approved to boost China’s economy. As one of the world’s largest centers for electronics, solar panels, and automotive manufacturing, China’s increased activity could significantly drive up Silver demand.
TVC:SILVERLong
by Sifiso_Ntshingila
SILVER Is Bearish! Short! Take a look at our analysis for SILVER. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 32.634. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 30.996 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
CAPITALCOM:SILVERShort
by SignalProvider
1
SILVER (XAGUSD): Important Decision AheadThe increase in SILVER price has halted after reaching a significant weekly resistance level. On a 4-hour timeframe, there is a narrow horizontal range forming along with a rising channel, with the market already breaking the support line of the channel. The last obstacle for sellers is the support within the horizontal range at 32.42 - 32.23 on the 4-hour chart. A break and close below this level would indicate a strong bearish signal. There is a possibility of a retracement from this pattern, potentially reaching down to 31.44. However, if the price breaks above the resistance of the range, we may consider looking for long positions.
TVC:SILVERShort
by linofx1
4
SILVER_105 2024.11.06 03:43:04 Trading Signal BUYFrankPro Signal for SILVER_105 Type: Screen Signal: BUY TP: 32.646 SL: 31.914 Entry Price: 32.097 Analysis for SILVER Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Up LT=Up ST=Up LT=Up Analysis Method(0) Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver spot price in US Dollars) in both the short-term and long-term: **Short-term (next few days to a week):** * The technical indicators suggest a strong sell signal, which could lead to a short-term decline in price. * However, the STOCH and STOCHRSI indicators show that the market is oversold, which could suggest a potential rebound. * Given the support level of 32.05, if the price holds above this level, a short-term rebound and growth are anticipated. * Expected price movement: Neutral to slightly bearish in the very short-term, but potentially bullish if the support level holds. **Long-term (next few weeks to months):** * The forecast suggests that silver prices could rebound and grow, targeting levels above 35.45, if the support level of 32.05 holds. * The bullish trend in gold prices and the potential safe-haven demand due to geopolitical uncertainties could support a long-term uptrend in silver prices. * The economic and industrial demand factors, such as China's potential stimulus measures, could also contribute to a long-term price increase. * Expected price movement: Bullish, with a potential target price above 35.45. In summary, while there may be some short-term volatility and potential decline, the long-term outlook for silver prices appears to be bullish, driven by a combination of technical, fundamental, and market factors. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis, here are my predictions for the XAG/USD (silver price) in both the short-term and long-term: **Short-term (next 24-48 hours):** The price is expected to **go up**. The technical indicators suggest a bullish trend, and the forecast predicts a rise to around $35.15 in the next 24 hours. The expected rate cut by the US Federal Reserve and potential stimulus measures from China could also support silver prices. **Long-term (beyond 48 hours):** The price is also expected to **go up**. The technical analysis suggests a potential upward rebound and continued growth with a target above $35.45. The bullish trend, supported by stronger EUR/USD and gold prices, Middle East tensions, and the overall geopolitical landscape, is likely to continue. Additionally, the potential for higher inflation under a Trump presidency could lead to increased demand for safe-haven assets like silver, further supporting the price. Overall, the analysis suggests a bullish outlook for silver in both the short-term and long-term, with potential price increases driven by a combination of economic policies, geopolitical factors, and technical indicators. Result: ST=Up LT=Up Analysis Method(2) Based on the provided analysis, here is the expected price movement for the XAG/USD pair: **Short-term (next few days to a week):** * The price is expected to go up. The forecast suggests an upward rebound and continued growth with a target above 35.45, supported by a weaker US Dollar and a bullish trend indicated by moving averages. * A breakout above the resistance area of 33.75 could accelerate this growth. * However, the US presidential election on November 5, 2024, may cause caution among traders, leading to some volatility. **Long-term (next few weeks to months):** * The price is also expected to go up. The approval of China's additional stimulus package could increase demand for silver, supporting the growth scenario. * The forecast suggests that the silver price may test the support area near 32.05, but this is expected to be followed by an upward rebound. * A fall and breakout below the 30.75 level would cancel the growth scenario, but this is not the expected outcome based on the current analysis. Overall, the analysis suggests a bullish trend for the XAG/USD pair in both the short-term and long-term, with some potential volatility in the short-term due to the US presidential election. Result: ST=Up LT=Up
CAPITALCOM:SILVERLong
by frankiepro
Bearish drop?XAG/USD has broken out of the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 32.24 Why we like it: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. Stop loss: 33.06 Why we like it: There is an overlap resistance level. Take profit: 31.56 Why we like it: There is an overlap support level that aligns with the 78.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
VANTAGE:XAGUSDShort
by VantageMarkets
Bearish breakout?XAG/USD is falling towards the pivot which has been identified as an overlap support and could breakout to the 1st support which acts as an overlap support. Pivot: 32.24 1st Support: 31.55 1st Resistance: 32.84 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
1
Silver H4 | Potential bullish bounceSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 32.16 which is a pullback support. Stop loss is at 31.75 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 33.19 which is a pullback resistance that aligns with the 38.2% 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. 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:XAGUSDLong
by FXCM
3
Silver: Time to Take a Long Position..?Silver has successfully broken through the resistance level at 32.200, indicating a potential upward trend. The asset has not only surpassed this key level but has also undergone a retest, confirming its strength and stability at this price point. This dual occurrence suggests that the market has tested the new support level and found it to be viable. As a result, we now have sufficient confidence to proceed with entering a long trade, capitalizing on the bullish momentum.
CAPITALCOM:SILVERLong
by Kartik_Elkunchwar
SILVER_108 2024.11.05 13:52:04 Trading Signal SELLFrankPro Signal for SILVER_108 Type: Screen Signal: SELL TP: 31.668 SL: 32.956 Entry Price: 32.795 Analysis for SILVER Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Up LT=Up ST=Up LT=Up Analysis Method(0) Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver spot price in US Dollars) in both the short-term and long-term: **Short-term (next few days to a week):** * The technical indicators suggest a strong sell signal, which could lead to a short-term decline in price. * However, the STOCH and STOCHRSI indicators show that the market is oversold, which could suggest a potential rebound. * Given the support level of 32.05, if the price holds above this level, a short-term rebound and growth are anticipated. * Expected price movement: Neutral to slightly bearish in the very short-term, but potentially bullish if the support level holds. **Long-term (next few weeks to months):** * The forecast suggests that silver prices could rebound and grow, targeting levels above 35.45, if the support level of 32.05 holds. * The bullish trend in gold prices and the potential safe-haven demand due to geopolitical uncertainties could support a long-term uptrend in silver prices. * The economic and industrial demand factors, such as China's potential stimulus measures, could also contribute to a long-term price increase. * Expected price movement: Bullish, with a potential target price above 35.45. In summary, while there may be some short-term volatility and potential decline, the long-term outlook for silver prices appears to be bullish, driven by a combination of technical, fundamental, and market factors. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis, here are my predictions for the XAG/USD (silver price) in both the short-term and long-term: **Short-term (next 24-48 hours):** The price is expected to **go up**. The technical indicators suggest a bullish trend, and the forecast predicts a rise to around $35.15 in the next 24 hours. The expected rate cut by the US Federal Reserve and potential stimulus measures from China could also support silver prices. **Long-term (beyond 48 hours):** The price is also expected to **go up**. The technical analysis suggests a potential upward rebound and continued growth with a target above $35.45. The bullish trend, supported by stronger EUR/USD and gold prices, Middle East tensions, and the overall geopolitical landscape, is likely to continue. Additionally, the potential for higher inflation under a Trump presidency could lead to increased demand for safe-haven assets like silver, further supporting the price. Overall, the analysis suggests a bullish outlook for silver in both the short-term and long-term, with potential price increases driven by a combination of economic policies, geopolitical factors, and technical indicators. Result: ST=Up LT=Up Analysis Method(2) Based on the provided analysis, here is the expected price movement for the XAG/USD pair: **Short-term (next few days to a week):** * The price is expected to go up. The forecast suggests an upward rebound and continued growth with a target above 35.45, supported by a weaker US Dollar and a bullish trend indicated by moving averages. * A breakout above the resistance area of 33.75 could accelerate this growth. * However, the US presidential election on November 5, 2024, may cause caution among traders, leading to some volatility. **Long-term (next few weeks to months):** * The price is also expected to go up. The approval of China's additional stimulus package could increase demand for silver, supporting the growth scenario. * The forecast suggests that the silver price may test the support area near 32.05, but this is expected to be followed by an upward rebound. * A fall and breakout below the 30.75 level would cancel the growth scenario, but this is not the expected outcome based on the current analysis. Overall, the analysis suggests a bullish trend for the XAG/USD pair in both the short-term and long-term, with some potential volatility in the short-term due to the US presidential election. Result: ST=Up LT=Up
CAPITALCOM:SILVERShort
by frankiepro