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Silver / U.S. Dollar

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XAGUSD trade ideas

Slight Bearish Bias Expected on XAGUSD in 17/10/2024XAGUSD: Slight Bearish Bias Expected on 17/10/2024 – Key Drivers Analysis As we head into today’s session on 17/10/2024, the XAGUSD (Silver to US Dollar) pair is showing signs of a slightly bearish bias. A combination of fundamental and technical factors suggests that silver may face some downward pressure throughout the trading day. Below, we’ll explore the key drivers influencing the bearish sentiment and what traders should watch for in the XAGUSD market. 1. Rising US Dollar Strength A major factor contributing to the bearish bias in XAGUSD is the continued strength of the US Dollar (USD). The US Dollar Index (DXY) has been climbing as investors increasingly expect the US Federal Reserve to keep interest rates elevated for a prolonged period. Recent US economic data, including strong retail sales figures and better-than-expected inflation numbers, have supported the Fed’s hawkish stance. As the USD strengthens, the price of silver, which is priced in US dollars, tends to fall since it becomes more expensive for foreign investors to purchase the metal. This negative correlation between the USD and silver prices is a key driver for today’s expected bearish bias in XAGUSD. 2. Decreased Demand for Safe-Haven Assets Silver, much like gold, is often viewed as a safe-haven asset. However, as market sentiment improves and investors regain their risk appetite, the demand for silver as a safe-haven diminishes. Despite lingering geopolitical tensions, the broader market is displaying signs of optimism, with equity markets stabilizing and risk-on assets performing better in recent days. This shift in sentiment away from safe-haven assets is another factor that could weigh on silver prices today. Investors are opting for higher-yielding investments, reducing the demand for silver and thus exerting downward pressure on XAGUSD. 3. Rising US Bond Yields Another key factor influencing the slight bearish bias in XAGUSD today is the ongoing rise in US Treasury yields. Higher bond yields increase the opportunity cost of holding non-yielding assets like silver. As yields on US government bonds climb, silver becomes less attractive to investors seeking returns, further contributing to the selling pressure on the metal. The recent spike in yields, particularly in the 10-year Treasury note, has been driven by expectations of prolonged high-interest rates in the US. This creates a negative environment for silver, which traditionally benefits in low-interest-rate conditions. 4. Technical Factors From a technical analysis perspective, the XAGUSD pair has struggled to break through key resistance levels around $22.50 in recent sessions. This level has been tested multiple times but failed to be breached, indicating strong resistance. The failure to break this resistance signals weakness in the market, aligning with the bearish sentiment for today. In addition, the Relative Strength Index (RSI) is showing signs of bearish divergence, suggesting that the momentum behind silver's recent recovery might be fading. If the price moves below the key support level around $21.80, we could see further downside movement toward $21.50. 5. Slowing Global Industrial Demand While silver has significant industrial applications, the global economic outlook has dimmed, especially in major economies like China and Germany. China’s sluggish growth and lower-than-expected demand from its manufacturing sector are weighing on the global demand for silver, contributing to the bearish outlook for today. A slowdown in industrial demand typically reduces the price of silver, as it is a key component in electronics, solar panels, and various industrial applications. Conclusion: Slight Bearish Bias for XAGUSD on 17/10/2024 In conclusion, the XAGUSD pair is likely to exhibit a slightly bearish bias throughout today’s session due to a combination of a stronger US Dollar, rising US bond yields, decreased safe-haven demand, and technical resistance levels. Additionally, slowing global industrial demand for silver, particularly from China, adds to the bearish outlook. Traders should keep an eye on key support levels around $21.80, as a break below this level could lead to further downside. Conversely, any signs of renewed risk-off sentiment or unexpected weakness in the USD could provide some relief for silver bulls. --- Keywords for SEO Ranking: - XAGUSD analysis 17/10/2024 - Bearish bias for XAGUSD - Silver price forecast October 2024 - US Dollar strength impacting silver - XAGUSD tradingview analysis - XAGUSD technical analysis October 2024 - Fundamental analysis XAGUSD today - Rising US bond yields affecting silver prices - XAGUSD bearish outlook today - Silver market outlook 17/10/2024
OANDA:XAGUSDShort
by PERFECT_MFG
Elliott Wave Intraday View in Silver (XAGUSD) Favoring the UpsidShort Term Elliott Wave View in spot Silver (XAGUSD) suggests that rally from 8.8.2024 low is in progress as an impulse. Up from 8.8.2024 low, wave 1 ended at 30.18 and dips in wave 2 ended at 27.69. Wave 3 higher ended at 32.71 and pullback in wave 4 ended at 30.13 with internal subdivision as an expanded Flat structure. Down from wave 3, wave ((a)) ended at 30.86 and wave ((b)) rally ended at 32.95. Wave ((c)) lower ended at 30.1 and this completed wave 4 in higher degree. The metal has turned higher again in wave 5 with internal subdivision as a 5 waves impulse. Up from wave 4, wave (i) ended at 30.76 and wave (ii) ended at 30.2. Wave (iii) higher ended at 31.3 and pullback in wave (iv) ended at 31.04. Final leg wave (v) ended at 31.62 which completed wave ((i)) in higher degree. Pullback in wave ((ii)) ended at 30.70. Wave ((iii)) is in progress higher and as far as pivot at 30.1 low stays intact, expect short term dips to find buyers in 3, 7, or 11 swing for further upside.
FX_IDC:XAGUSD
by Elliottwave-Forecast
XAGUSD Analysis for 16/10/2024: Slight Bearish Bias ExpectedIntroduction On 16th October 2024, XAGUSD (Silver vs. US Dollar) is expected to exhibit a slight bearish bias in today’s trading session. Several fundamental factors and current market conditions are contributing to this outlook, including shifting interest rate expectations, global risk sentiment, and the overall strength of the US Dollar. In this analysis, we will explore the key drivers behind the expected bearish trend for silver and provide insights into the potential short-term outlook. Key Drivers for XAGUSD Bearish Bias 1. Strength of the US Dollar The primary driver for the bearish bias in XAGUSD today is the relative strength of the US Dollar. While the US Dollar experienced some weakness in recent weeks, it has regained some footing as traders react to mixed economic data from the United States. The latest CPI (Consumer Price Index) report showed that inflation, while cooling slightly, remains elevated enough for the Federal Reserve to maintain its hawkish tone. This resurgence in the US Dollar strength is exerting downward pressure on silver, as precious metals tend to move inversely to the US Dollar. The strong USD makes silver more expensive for holders of other currencies, reducing its demand and weighing on XAGUSD. 2. Rising US Treasury Yields Another key factor contributing to the bearish outlook for XAGUSD is the rise in US Treasury yields. As bond yields climb, the opportunity cost of holding non-yielding assets like silver increases. Investors typically shift capital into assets with higher yields, such as US Treasuries, when interest rates rise, which can hurt the demand for precious metals. The 10-year US Treasury yield has been on an upward trend, reflecting market expectations of continued tightening from the Federal Reserve. With yields rising, investors are less inclined to seek safety in silver, resulting in a potential decline in XAGUSD. 3. Reduced Safe-Haven Demand Global risk sentiment has shown signs of stabilizing, with equity markets recovering and fears of an economic slowdown easing. This shift toward a "risk-on" sentiment typically reduces demand for safe-haven assets like silver. Moreover, geopolitical risks have also subsided to some degree, as major economies navigate through inflationary pressures and geopolitical tensions. As investors regain confidence in riskier assets like equities, the demand for silver as a hedge against uncertainty has weakened, further contributing to the bearish bias in XAGUSD today. 4. Lackluster Industrial Demand Silver is not only a precious metal but also has significant industrial applications, particularly in sectors like electronics, solar energy, and manufacturing. However, industrial demand for silver has faced challenges recently due to slowing global manufacturing activity, particularly in China and Europe. China’s efforts to stabilize its economy have shown some positive results, but concerns over a full recovery in its industrial sector remain. Weak industrial demand could limit silver's upside potential, and the reduced demand from industrial sectors is likely to weigh on XAGUSD prices. 5. Technical Analysis From a technical perspective, XAGUSD is facing downward pressure after failing to break key resistance levels in previous sessions. Silver has been trading below its 50-day moving average, signaling ongoing bearish momentum. Additionally, the Relative Strength Index (RSI) indicates that silver is not yet in oversold territory, suggesting there may be further room for downside movement. If silver continues to face resistance at the $23.00 psychological level, we may see a continuation of the bearish trend in the short term. Conclusion In summary, XAGUSD is expected to trade with a slight bearish bias on 16th October 2024, driven by multiple fundamental factors. The strength of the US Dollar, rising US Treasury yields, reduced safe-haven demand, and lackluster industrial demand are all contributing to the downside pressure on silver. While silver may face near-term weakness, traders should keep an eye on future economic data releases and central bank policies for potential shifts in market sentiment. For more detailed updates and live analysis of XAGUSD and other financial markets, follow our TradingView channel. Keywords: XAGUSD analysis, silver price forecast, bearish silver outlook, US Dollar strength, rising US Treasury yields, safe-haven demand, industrial silver demand, silver technical analysis, XAGUSD today, precious metals market.
OANDA:XAGUSDShort
by PERFECT_MFG
Silver:The #1 Asset Class Is Going UpAm so excited to share this video with you because it shows you how the silver price is actually trending up Now silver is part of the "Top 13 Iron Watchlist" which am going to show you on 19th October This watchlist is one am going to use to determine market cycles for 2025 And another thing I like about this chart TVC:SILVER #Silver Is that it follows the Rocket booster Strategy Chart pattern to learn more watch this video Also rocket boost this content Disclaimer:Trading is risky, you do not have to buy or sell anything I recommend to you, please do your own research. Because in trading you will lose money whether you like it or not Please learn risk management and profit-taking strategies.
TVC:SILVERLong
by lubosi
XAG/USD "SILVER" Market Heist Plan on BearishHello My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist XAG/USD "SILVER" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
VELOCITY:SILVERShort
by Thief_Trader
Silver / U.S. Dollar Hello dear traders, I have observed strong confirmations in the silver analysis chart, and I believe this chart requires a significant correction. Additionally, we have witnessed a breakout of the trendline. From a technical perspective, we have also had CHoCH, and this is a pullback for the beginning of the correction. The chart has been designed to be very simple and comprehensible. Thank you very much, Fereydoon Bahrami "A retail trader in the Wall Street trading center (Forex)."
OANDA:XAGUSDShort
by fereydoon1199
SILVER Will Fall! Sell! Take a look at our analysis for SILVER. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 31.106. The above observations make me that the market will inevitably achieve 30.995 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDShort
by SignalProvider
1
XAGUSD correction towards the end of the year.Silver (XAGUSD) has made a Double Top (red circle) on October 04 near the Higher Highs trend-line of the 2-year Channel Up. Last time it did a similar Higher High was on May 05 2023, after remarkably a similar +48.50% rise, it started a correction that extended below bot the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The first stop was the 1D MA200 and the 0.382 Fibonacci retracement level and that's where our end-of-year Target is at 28.500. Notice also the 1W MACD similarities between the two peak fractals. Also the time from bottom to top has been highly identical at 246 and 248 days respectively. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot