$SILVERDixie loosing key level and this bubba at key support
surely, we giga chad from here
close above thick blue line pls
careful with a quickie stop hunt
XAGUSD trade ideas
Silver Trade IdeaSilver pared most of its gains on easing Geo political tension. It hit a low of $29.98 and currently trading around $30.33.
The AI chip market is expected to grow rapidly, with a compound annual growth rate (CAGR) of 38.16% from 2024 to 2033, increasing the demand for silver used in microchips and electronics. Total silver demand could reach 1.2 billion ounces in 2024, with industrial use, especially in the AI sector, contributing significantly. The push for green energy will also boost silver demand as it is vital for solar panels and renewable energy technologies. Additionally, the growth of electric vehicles (EVs) will increase silver use since each EV contains about 25 grams of silver. Overall, silver prices are likely to rise above $30 per ounce due to demand outpacing supply and a projected shortfall in production.
The minutes suggest that more rate cuts may happen, with another possible cut in December. While inflation is easing, it is still above the Fed's 2% target, and employment gains have slowed, though unemployment remains low.
Current Market Indicators
The gold-silver ratio is currently at 86.54, showing that gold has outperformed gold recently. A ratio above 80 suggests silver might become a more attractive investment compared to gold.
Technical Analysis: Key Levels to Watch
For trading, the major level to monitor is $30. Silver is below key moving averages, with near-term support at $30. If it falls below this, it could target $29.60/$28.47. On the upside, immediate resistance is at $30.80; breaking this could lead to targets of $31.25/$31.75,$32.20, $32.75, $33, $33.60, $34, $34.50, and even $34.73.
Trading Strategy: Opportunities in the Current Market
It may be a good strategy to buy on dips around $29.60, with a stop-loss at $28.47 and a target price of $31.75.
Silver Trade IdeaSilver pared most of its gains on easing Geo political tension. It hit a low of $29.98 and currently trading around $30.33.
The AI chip market is expected to grow rapidly, with a compound annual growth rate (CAGR) of 38.16% from 2024 to 2033, increasing the demand for silver used in microchips and electronics. Total silver demand could reach 1.2 billion ounces in 2024, with industrial use, especially in the AI sector, contributing significantly. The push for green energy will also boost silver demand as it is vital for solar panels and renewable energy technologies. Additionally, the growth of electric vehicles (EVs) will increase silver use since each EV contains about 25 grams of silver. Overall, silver prices are likely to rise above $30 per ounce due to demand outpacing supply and a projected shortfall in production.
The minutes suggest that more rate cuts may happen, with another possible cut in December. While inflation is easing, it is still above the Fed's 2% target, and employment gains have slowed, though unemployment remains low.
Current Market Indicators
The gold-silver ratio is currently at 86.54, showing that gold has outperformed gold recently. A ratio above 80 suggests silver might become a more attractive investment compared to gold.
Technical Analysis: Key Levels to Watch
For trading, the major level to monitor is $30. Silver is below key moving averages, with near-term support at $30. If it falls below this, it could target $29.60/$28.47. On the upside, immediate resistance is at $30.80; breaking this could lead to targets of $31.25/$31.75,$32.20, $32.75, $33, $33.60, $34, $34.50, and even $34.73.
Trading Strategy: Opportunities in the Current Market
It may be a good strategy to buy on dips around $29.60, with a stop-loss at $28.47 and a target price of $31.75.
The Silver Bulls!Looking to buy silver as structure has shifted bullish on the hourly TF, which aligns with the inducement being taken on the daily TF.
Already have a risk entry set on the LTF as a chain is starting to form, this could potentially be the start of the daily swing run. Meaning that price might not always mitigate the extreme POI and would rather mitigate the decisional or form a LTF model after taking out the inducement.
Bearish drop?The Silver (XAG/USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as an overlap support.
Pivot: 30.80
1st Support: 29.68
1st Resistance: 31.52
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.
The big XAG LongPlaying the potential Wave 3 for Silver.
My invalidation will be a weekly close below the highlighted demand zone.
XAGUSD, Bullish Momentum again . From the Low of Aug to High of Oct Silver gave a good impulsive move , then a A-B-C correction , Shorter TF below Daily the C wave was an extended C and did the Depth of Correction( Correction up to 4th of one lesser degree).
Now looks like a new impulse to start 1&2 done with 78% retracement where 2 is a sharp correction . I have placed a entry 30.29 and got it SL is 30.22 Target 1 is 31.52 and final target may be 32.99. This is not a investment advice but sharing it for my own learning and education purpose only .
XAU/USD 26.11.2024OANDA:XAUUSD
Hello Traders, after November 25, the market moved down as calculated. I would now interpret this as a small ABC correction (orange count). I am currently looking for bullish momentum for the move from B to C.
Silver AnalysisThe chart is in a bearish phase on the daily timeframe. Given the price movement, support around the 29.140 level is not unexpected. With proper risk management, a buy position can be considered in this area.
This analysis is based on price action, multi-timeframe analysis, and ICT (Inner Circle Trader) methodology.
This analysis is brought to you by the FXonbit Traders Team
Bearish drop off 50% Fibonacci resistance?XAG/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 30.75
Why we like it:
There is an overlap resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 31.55
Why we like it:
There is an overlap resistance level.
Take profit: 29.667
Why we like it:
There is a pullback support level.
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.
SILVER (XAGUSD): Downtrend Emerges from ResistanceThe price of SILVER (XAGUSD) is showing bearish momentum after testing key resistance levels marked by both horizontal and vertical trend lines.
Initially, the pair consolidated within a range but experienced a sharp decline upon testing a descending trend line.
This movement breached the range's support with a decisive bearish candle, suggesting further downside potential. The price is likely to continue falling, with a target set at 30.00.
SILVER (XAGUSD): Bearish Move From Resistance The price of SILVER appears to be bearish following a test of significant resistance levels, based on a horizontal and vertical trend line.
Initially, the pair traded within a range before dropping sharply after testing a downward trend line.
This move broke through the support of the trading range with a strong bearish candle. It is likely that the price will continue to decrease, with a target of 30.00.
Silver Might See A RecoverySilver lost more than 4% in value on today's trading day. Recently, there have been signs of stabilization, supported by clear bullish divergences. We currently assume that the silver price could temporarily recover to the area of the POC of today's downward movement.
XAGUSD VIew!!Silver prices remained around $30.30 per ounce on Tuesday, following a more than 3% decline in the previous session, as demand for safe-haven assets like precious metals faded.
The pullback came amid reports that Israel and Hezbollah were nearing a ceasefire agreement, which helped ease tensions in the Middle East. Market sentiment was further bolstered by the nomination of Scott Bessent as US Treasury Secretary, which brought a sense of stability to investors.
XAGUSD H&S PatternIf this head n shoulder pattern triggers this means we will see Gold at around 2340 and Silver at 28 to be exact
i don't have any scenario for a bullish case rt now until it has proven otherwise
Silver Strategic Outlook 2025: Bulls will Target $40 USD 50% BUY🔸Hello guys, today let's review D1 price chart for SILVER. 5 waves
impulse in progress, currently wave 3 completed and we are entering
wave 4 pullback / re-accumulation stage right now.
🔸Well defined 5 waves structure, with two re-accumulation zones
in wave 2 / wave 4. Impulse projected to end in 2025 with wave 5
and bulls will target 40 USD. 40 USD will cap the upside in precious
metals and will result in ABC correction in 2026.
🔸Recommended strategy position traders: BULLS should focus on
buying low from the lows of the re-accumulation zone, so the best
entry to BUY/HOLD is near 27/28 USD. TP is 40 USD. 50% unlevereged
upside in this trade. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Silver daily viewH&S pattern is clear with uptrend weakness
Waiting for breaking the neckline and the trendline for short trade with good RR ratio up to the next support level
XAG/USD new and old target is over 34 firstlyThen second target is 39 and third target is 45.
Trend is still in sleep, but time is ready to wake up to follow the trend to 45.
Lackluster Slow-Silver Long . Volumes will pick up.
I think that gold and silver might've found a bottom in their correction.
But really the movement in this buy long in silver is non existent, a similar story with gold. But London and Europe will be opening in the few hours ahead as the Australian session comes to a close, hopefully theres a few silver and gold buyers that can pick up the momentum a bit in this trade.
You would not be alone in thinking that this long trade right now in precious metals could sell-off at anytime and move lower.
Precisely what happened in Bitcoin earlier as it sold. But how quickly all of the Crypto's turned green and it looked like no selling had even occurred. BTCUSD, DOGEUSD and many others looked like they were carrying some overbought weight on their daily's.
Below is the Silver daily chart. Another reason this is so slow in momentum currently is because price on the daily is below all of the key moving averages, 200ema, 50ema and even 21 ema the Silver price is just beneath.
SILVER BULLS ARE STRONG HERE|LONG
Hello, Friends!
Bullish trend on SILVER, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 31.455.
✅LIKE AND COMMENT MY IDEAS✅
SILVER Will Go UP! Buy!
Hello,Traders!
SILVER is going down
Sharply but a strong
Horizontal support is
Ahead at 29.70$ and
As we are locally bullish
Biased we will be expecting
A local bullish rebound
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Accumulate small lot silver >profitGold.Supported daily 200ema.
Silver is usually a bit more expensive to buy than gold, but this also compounds the profits. Look at this daily chart with white line 200ema. This is the chart that screams buy at these low levels in Silver.
Use a stop loss just under the low today 30.04.
