Silver LongSI1! Future Long on Regressoin break - (-0.4%) per a month. I am not taking this trade.Longby Rowland-Australia0
Silver's Breakout—From Graveyard to Launchpad?Silver looks great on the charts, closing above $33 for the first time since late October. Previously, this was like a graveyard for bullish raids, putting increased emphasis on the price action over the next few days. Whether you’re talking price or momentum signals, they suggest this break may stick where others failed, putting a potential retest of the October 2024 swing high of $34.87 into play. We saw a key bullish reversal candle on Tuesday, followed up by further buying on Wednesday, contributing to the bullish break. That’s not surprising given price signals have often proved accurate in silver recently. RSI (14) is trending higher, with MACD confirming the bullish momentum signal. The ducks are lining up. If silver can’t capitalise in this environment, it will be a telling sign as to where medium-term directional risks may lie. Those considering bullish setups could buy above $33 with a stop beneath the level for protection. Some resistance may be encountered around $34 and $34.50, with a break above the latter putting $34.87 on the table. $35.36 and $37.46 are long-standing levels located just above. If silver were to reverse and close through $33, the near-term bullish bias would be invalidated. Good luck! DSLongby FOREXcom4
XAG/USD Bearish Reversal Incoming? | Silver 4H Analysis📉 XAG/USD (Silver) 4H Chart Analysis – Bearish Setup 🚨 🔍 Key Observations: Supply Zone (POI - Point of Interest) 🟪: The price is approaching a strong resistance area around $33.23 - $33.50. Liquidity Grab (LQ) & Rejection Expected ❌: The previous major liquidity zone (LQ) suggests a possible fake breakout or rejection. Bearish Projection ⬇️: The chart outlines a potential reversal after reaching resistance, leading to a drop towards $31.00 - $30.50. 📌 Trading Plan: Short Entry 🎯: Around $33.20 - $33.50 (if price rejects this area). Target 🎯: Major demand zone at $31.00. Stop Loss 🚨: Above $33.60 (to avoid fakeouts). Confirmation Needed 📊: Look for bearish candlestick patterns (e.g., engulfing, wicks, or double top formations). ⚠️ Final Thoughts: Bearish Bias ⚠️ unless price breaks and holds above $33.50. Monitor market conditions 🧐—news and fundamentals could shift momentum. 🔥 Trade smart! What do you think? Shortby MrStellanSight7
Silver Could Be on Breakout Watch Before the FedSilver has been clawing higher as gold soars. Is the white metal ready to break out? The first pattern on today’s chart is the falling trendline along the highs of October, February and March. Traders could watch that resistance for evidence a move is starting. They may also notice the rally after a similar line was broken in January. Second, the 50-day simple moving average (SMA) just crossed above the 100-day SMA. Both are above the 200-day SMA. The alignment, with faster SMAs above slower SMAs, may reflect increased bullishness over the long-term. Third, the low reading on Bollinger BandWidth reflects tight price action. Could that narrow range create potential for price expansion? Finally, silver has spent most of the last six months above its peak from early 2021. That is also potentially consistent with a longer-term breakout. All these points could make the commodity important to watch with initial jobless claims and producer prices tomorrow, retail sales Monday and the key Federal Reserve meeting on March 19. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation15
XAGUSD long setupMarket Structure: • Silver has been forming higher highs and higher lows, signaling a continued bullish trend. • Price is trading above key moving averages (e.g., 50 & 200 EMA), confirming bullish momentum. Longby AArnis2
XAG USDXAG USD reached last times high, at 33.07, now my idea is it will collapse to 31.955by forex_azerbaijan6
Fed Expectations Increase Silver PricesSilver surged to nearly $33 as the US Dollar fell sharply, with the DXY dropping to 103.35, its lowest in four months. Concerns over Trump’s tariff policies and their impact on the US economy fueled the dollar’s decline, supporting demand for silver. Investors now await US CPI data for February, which could influence Fed rate expectations. A slower inflation rate may increase the likelihood of a May rate cut, with odds rising to 51% from 37% in a day, further supporting Silver’s appeal as a non-yielding asset. If silver breaks above $32.75, the next resistance levels are $33.15 and $33.80. On the downside, support is at $31.00, with further levels at $30.20 and $29.75 if selling pressure increases.by ChartMage2
SILVER Will Go Up From Support! Long! Please, check our technical outlook for SILVER. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 33.001. Considering the today's price action, probabilities will be high to see a movement to 33.344. 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!Longby SignalProvider112
XAG/USD Long Continuation Idea As We see here on daily we had a daily BOS. Then Internally shifted back again bullish aligning with daily Structure. On H4 we had a strong reaction from this demand which we broke again bullish internal after touch. This is a simple continuation trade on XAGUSD following Daily, H4 and H1 Longby jannik-dnnr2
Possible BACK TEST of supportKeep a close eye on silver as it approaches 34 dollar range. We could BUST right on through... however, the more likelier outcome is to back test support at around 31 dollars. Should support hold here then we are on our way to 50 dollar silver EOY. Good luck out there and... ******* HAPPY SILVER HUNTING ******Longby marcomarcello22117
Silver H1 | 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 32.55 which is a pullback support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 32.20 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement. Take profit is at 33.18 which is a level that aligns with the 161.8% Fibonacci extension. 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. 63% 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. 63% 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.Long02:56by FXCM3
SILVER Bullish Breakout! Buy! Hello,Traders! SILVER is trading in an uptrend And the price made a bullish Breakout of the key horizontal Level of 3266$ and the brekaout Is confirmed so we are bullish Biased and we will be expecting A further bullish continuation Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.Longby TopTradingSignals118
Silver (XAG/USD) INTRADAY Bullish BreakoutThe Silver (XAG/USD) price action sentiment remains bullish, driven by the prevailing long-term uptrend. Recent intraday price action shows a breakout from a sideways consolidation phase, with the previous resistance now acting as a new support zone. Key Support and Resistance Levels: Support Zone: The critical support level to watch is 3214, representing the previous consolidation price range. A corrective pullback toward this level, followed by a bullish rebound, would reaffirm the ongoing bullish momentum. Upside Targets: If Silver holds above the 3214 level and shows a bullish bounce, the next resistance levels to watch are 3316, 3341, and 3380 over the longer timeframe. Bearish Scenario: A confirmed break and daily close below the 3214 support level would negate the bullish outlook and increase the probability of a deeper retracement. In this case, Silver could target the next support levels at 3176 and 3151. Conclusion: The bullish sentiment for Silver (XAG/USD) remains valid as long as the 3214 support level holds. Traders should monitor this key level to assess potential buying opportunities. A successful bounce from 3214 would favor long positions targeting the specified resistance levels. Conversely, a daily close below 3214 would signal caution and open the door for further downside correction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice. by TradeNation1
XAG/USD "The Silver" Metal Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰🐱👤🐱🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAG/USD "The Silver" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (32.0000) then make your move - Bearish profits await!" however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. I Highly recommended you to put alert in your chart. Stop Loss 🛑: Thief SL placed at 32.8000 (swing Trade Basis) Using the 2H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 31.2000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: XAG/USD "The Silver" Metal Market is currently experiencing a Neutral trend., driven by several key factors. 🔱Fundamental Analysis Fundamental factors driving XAG/USD include supply-demand dynamics, industrial usage, and monetary policy. Interest Rates: U.S. Federal Reserve: Rates likely at 3-3.5% in Feb 2025, with cuts from 2024 highs (4.5-5%). Lower real yields support silver, though a strong USD caps gains. Impact: Neutral to mildly bullish for silver as yields decline. Inflation: U.S.: Inflation at ~2.5-3%, above the Fed’s 2% target, driving safe-haven and inflation-hedge demand for silver. Impact: Bullish, though tempered by industrial demand sensitivity. Industrial Demand: Silver’s use in solar panels, electronics, and EVs remains strong. Global green energy push (e.g., U.S. infrastructure spending) boosts demand. Supply: Mining output stable, but disruptions (e.g., Peru strikes) could tighten supply. Impact: Strongly bullish if industrial growth persists. Geopolitical Factors: U.S.-China trade tensions and Trump’s 2025 tariff policies may enhance silver’s safe-haven appeal while boosting Japan/EM currencies, indirectly pressuring USD. Impact: Mildly bullish. Gold Correlation: XAU/USD (gold) often leads XAG/USD. If gold holds above $2600, silver benefits from spillover demand. Impact: Bullish if gold trends higher. 🔱Macroeconomic Factors Broader macro trends influencing XAG/USD: USD Strength: A strong USD (DXY ~100-102) pressures silver, but Fed easing could weaken it to 98-99, supporting XAG/USD. Global Growth: Projected at 3% for 2025 (per Morgan Stanley), with U.S./China slowdowns offset by India/EU recovery. Industrial metals like silver benefit. Commodity Prices: Stable oil (~$70/barrel) and copper prices support industrial metals, indirectly lifting silver. Risk Sentiment: Risk-off flows (e.g., U.S. recession fears) favor silver as a hybrid safe-haven/industrial asset. 🔱Commitments of Traders (COT) Data Large Speculators: Net long silver contracts at ~50,000 (down from 70,000 in 2024), suggesting reduced bullish bets but no major unwind. Commercial Hedgers: Net short ~60,000 contracts, hedging production, indicating steady supply expectations. Open Interest: ~120,000 contracts, rising slightly, implying growing market interest. Key Insight: Speculative longs cooling off, but no bearish capitulation—supports range-bound or mildly bullish moves. 🔱Market Sentiment Analysis Sentiment reflects trader psychology: Retail Sentiment: Assume 60% of retail traders are long XAG/USD (per broker data), with shorts at 32.5000. Contrarian signals hint at downside risk if longs unwind. Social Media: Mixed sentiment—bullish posts on industrial demand vs. bearish takes on USD strength. Broker Data: IG Client Sentiment might show 55% long, suggesting mild overcrowding and potential pullback risk. 🔱Positioning Analysis Combines COT and sentiment: Speculative Positioning: Net longs suggest cautious optimism, targeting 33.0000-34.0000. Retail Crowding: Longs clustered at 32.5000-32.7000, risking a stop-loss flush if price dips. Institutional Flows: Hedge funds likely balanced, with longs eyeing industrial catalysts and shorts betting on USD resilience. 🔱Next Trend Move Outlook Technical View: At 32.4000, XAG/USD is near its 50-day SMA (32.3000) and below the 200-day SMA (31.9000), indicating consolidation. Support at 31.8500 (38.2% Fibonacci from 26.50-34.87), resistance at 33.0000. Short-Term (1-2 Weeks): Range-bound between 31.8500-33.0000 unless Fed rhetoric or industrial data shifts sentiment. Medium-Term (1-3 Months): Upside to 34.0000 if USD weakens or industrial demand spikes; downside to 30.5000 on risk-off/USD strength. Triggers: Bullish—strong U.S. PPI data or gold rally; Bearish—hawkish Fed or China slowdown. 🔱Overall Summary Outlook XAG/USD at 32.4000 reflects a balanced outlook. Fundamentals favor upside from industrial demand and inflation hedging, tempered by USD strength and Fed policy uncertainty. Macro trends support silver via global growth and commodity stability, though risk-off shifts could weigh. COT data shows cautious speculation, while sentiment and positioning hint at short-term choppiness. The next move likely stays range-bound (31.8500-33.0000) short-term, with a medium-term bias toward 34.0000 if bullish catalysts emerge. Watch Fed statements, USD moves, and industrial data for direction. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩by Thief_TraderUpdated 4
Silver’s Bullish Momentum: Favorable Risk-Reward Setup Ahead! 📊 Market Context: Silver (XAG/USD) has been displaying strong bullish momentum, consistently forming higher highs and higher lows, indicating an uptrend. Recently, the price action has successfully broken out of key resistance zones, turning them into support. This suggests that buyers are stepping in at higher levels, reinforcing the bullish structure. One of the primary catalysts supporting silver's rally is the expected weakness in the U.S. dollar (DXY). A softer dollar typically makes silver more attractive as an investment, increasing demand from traders and institutions. Additionally, macroeconomic uncertainty and potential shifts in central bank policies further enhance silver’s appeal as a safe-haven asset. Beyond technical and macroeconomic factors, silver has a strong industrial demand, playing a crucial role in sectors like electronics, solar energy, and electric vehicles. With the ongoing push for green energy and infrastructure development, silver's utility is only expected to grow, providing long-term bullish support. 📌 Trade Setup: Entry: Silver is holding above key support levels, confirming strength. Stop-Loss: Below $31.10 to manage risk effectively. Targets: $33.20, $34.37, and $35.81, aligning with key resistance levels. 💡 Why I’m Bullish: ✅ Technical Breakout – Higher highs & higher lows confirm a strong uptrend. ✅ USD Weakness – A falling dollar supports metals. ✅ Industrial Demand – Growing global use in key sectors boosts silver prices. I’ve marked the support & resistance levels on the chart. Let me know your thoughts! Are you bullish on silver? 🚀 All the best. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe. #Silver #XAGUSD #Trading #TechnicalAnalysis #Metals #Forex #Bullish #CommodityTradingLongby Anany_shringiUpdated 113
SILVER Will Collapse! SELL! My dear subscribers, My technical analysis for SILVER is below: The price is coiling around a solid key level - 32.527 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal -31.899 My Stop Loss - 32.922 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 226
SILVER SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 3,176.0 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals111
Breaking News: Silver Up By 1% Before Inflation Data News Its been a long hibernation on my part because like a 🐻 bear I was hibernating preparing a comeback -- I won't lie to you these past months was ruff a I was refining my trading strategies -- This time am back with a stronger strategy to 🚀 boost the rocket booster strategy -- Once I saw how powerful this boost is I thought I share my trading notes with you. -- US inflation data is coming out today Hence the rise in price. Notice that "Buy Stop Order"? -- Once the price passes that line It confirms the uptrend. This is according to the last step -- In the rocket booster strategy which has the following 3 Steps: -- 1.The price has to be above the 50 EMA 2.The price has to be above the 200 EMA 3.The price has to go uptrend -- This is called trend analysis Rocket boost this content to learn more about it. -- Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies.Also use a simulation trading account before you use real money.Longby lubosi0
Technical Analysis of Silver (XAG/USD) – 1H Chart1. Trend Identification Medium-Term Bullish Trend: The price has been rising since early March, reclaiming the 200-period moving average (blue line), a sign of renewed buying strength. Short-Term Consolidation: The price is currently testing resistance near the Point of Control (POC) at 32.551, indicating an important decision point for the next move. Bearish Short-Term Volume Shift: The last 60 bars show higher selling volume (-33.63%), suggesting potential weakness in the short term before a breakout or pullback. 2. Key Support & Resistance Levels Immediate Resistance: 32.55 - 32.60 (POC and recent highs). Immediate Support: 32.00 - 32.20 (recent demand zone). Stronger Support: 31.80 - 31.50 (lower channel boundary). Upside Targets: 33.00 - 33.20 (upper channel projection). 3. Volume Analysis Last 120 Bars Volume: Up Vol > Down Vol by 12.95%, showing medium-term buying dominance. Last 60 Bars Volume: Up Vol < Down Vol by 33.63%, indicating short-term selling pressure, which may lead to a minor pullback before continuation. 4. Chart Patterns & Projections The projected path (blue and red channels) suggests two scenarios: Bullish Breakout: Above 32.55, targeting 33.00 - 33.20. Bearish Pullback: A rejection at 32.55 could push the price toward 31.80 - 31.50 before a potential recovery. Trade Setups & Risk Management 1. Long Trade Setup (Bullish Scenario) Entry: Buy on breakout above 32.60 (confirmation of resistance breach). Stop-Loss: Below 32.20 (to avoid false breakouts). Targets: First Target: 33.00 Final Target: 33.20 (upper channel boundary). Risk-Reward Ratio: 1:3 or better. 2. Short Trade Setup (Bearish Pullback Scenario) Entry: Sell below 32.20 (confirmed breakdown). Stop-Loss: Above 32.60 (recent resistance). Targets: First Target: 31.80 (lower channel mid-support). Final Target: 31.50 (strong support zone). Risk-Reward Ratio: 1:2 or better.by ProspireWealth2
Trade Uncertainty and Fed Stance Keep Silver Prices ElevatedSilver held at $32.50 per ounce after a 4.4% weekly gain, as trade tensions and U.S. inflation data kept investors cautious. Uncertainty grew after Trump warned of new tariffs on Canadian dairy and lumber, following a U.S. delay on 25% tariffs for Canadian and Mexican goods. Canada upheld retaliatory measures, while China’s tariffs on U.S. agriculture took effect. Concerns deepened after Trump avoided recession and inflation questions in a Fox News interview. Fed Chair Powell signaled no rush for rate cuts despite rising economic risks. If silver breaks above $32.75, the next resistance levels are $33.15 and $33.80. On the downside, support is at $31.00, with further levels at $30.20 and $29.75 if selling pressure increases.by ChartMage1
Silver technical analysis.The image is a price chart from TradingView showing CFDs on Silver (US$/OZ) on a 1-hour timeframe. The chart includes technical analysis with support and resistance levels drawn in purple and a projected price movement marked in blue. Key Observations: Current Price: 32.2809 Resistance Level: Around 32.6000 Support Level: Around 31.8000 Projected Movement: A potential price increase toward resistance (~32.6000) Followed by a drop to support (~31.8000) This suggests a possible bearish movement after reaching resistance. Would you like further analysis or trade ideas based on this setup? Shortby Rickypher1
Falling towards overlap support?The Silver (XAG/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 31.72 1st Support: 31.30 1st Resistance: 32.58 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.Longby ICmarkets6
POTENTIAL LONG TRADE SET UP FOR SILVERAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout. Entry: The price has reached the upper bound of a higher time frame (HTF) bullish continuation structure, forming a mid time frame (MTF) continuation pattern. Following this, we have a LTF bearish impulse and bullish reversal structure and followed by a bullish continuation structure on the LTF to determine an entry point for the trade. Expectation: An upward move is anticipated, initially targeting the top of the HTF structure. ⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly! Longby TheTradingAmbience0