XAGUSDG trade ideas
Silver Major Support TestThis is the best thing I see in the market today. High probability that silver bounces here at least once. It's the previous swing high which has provided significant movement on prior tests. Tight stop below with a target of the recent high.
Low hanging fruit continuation setup taken with Gold and NASIn this video, I walk you through my entire thought process during today's trading session. You'll learn how I selected the pairs and executed three key trades:
* Silver long scalp
* Gold LHF Short
* NAS LHF short
I'll also provide a detailed explanation of the LHF setup, helping you understand how to apply this strategy in your own trading. LHF is one of my personal A+ playbook setups. Don't miss out on these valuable insights and tips!
SILVER: Bullish Continuation is Expected! Here is Why:
Looking at the chart of SILVER right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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SILVER: Market Is Looking Down! 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 33,21661$
Wish you good luck in trading to you all!
Bearish on SilverLooking at the 4-hour chart, if we get a close below the recent HL (Wednesday, 30 Oct), I'll be going short with a SL at the Previous LH. This was attempted last Friday and failed. However, since then, it's put in an LH, so it looks more likely this time.
Keep in mind we are still in an Bullish Trend channel which I am expecting to break down in the near term as silver is well overbought atm.
If this does close below the 4hr its likley tomorrow the Daily MACD will also be crossed to the downside.
Ill have a risk to reward of around 1:2
Trade safe all!
SILVER Buy Opportunity until 35!Hi Everyone!
Thisis Silver! And I have a buy there where you can see for a potential BULL RUN.
Silver Wants a TrampolineThe bright green is what I foresee. A solid reversal after a decent correction. I see $36 as the next average level for Silver. If the markets turn more bullish I see $38-45 as a very real possibility.
DYOR.
Trade Slick.
Bull flag break out on silver Silver is expected to continue the bullish trend after breaking out of the bull flag pattern which is often interpreted as a trend continuation.
SILVER: Local Correction Ahead! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 34.36803$
Wish you good luck in trading to you all!
SILVER BEARS ARE STRONG HERE|SHORT
Hello, Friends!
SILVER is making a bullish rebound on the 8H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 32.380 level.
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SILVER (XAGUSD): Significant BreakoutSilver has the potential to rise further after breaking a major resistance level during intraday trading.
The previously breached structure now acts as support, indicating a possible move up towards 34.92.
SILVER (XAGUSD): Important Breakout📈Silver has the potential to increase in value after breaking through a significant resistance level during intraday trading.
The previously broken structure is now acting as support, indicating a potential upward movement towards 34.92.
Mamma Mia, look at that cup & handle! (1M XAGUSD)Just look at that beauty on monthly!
Probably one of the biggest C&H setup I've ever seen.
We're going 3-digits by 2026, probably much higher after that 🚀
BUY XAGUSD (SILVER) - trade explained in detailTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Rebound Silver up. H4. 29.10.2024Rebound Silver up 📈
In silver, the price corrected rather weakly and went further up to rebound to the strategic resistance at 35.50. After that I expect a downward correction, but not a major reversal. Judging by the options, the strategic expectations are around 37.50 and that is where a major reversal down may come. Now 35.50 looks like an intermediate correction.
CAPITALCOM:SILVER
Erasing the sellsThe white metal may erase the sells that were dominant the past few days. Nearby resistance barriers we'll be the targets. However, failure to go up and a drop below 33.000 we'll likely continue the bearish move.
SILVER (XAGUSD): Bullish Continuation After News
Today's news are certainly bullish for Gold and Silver.
XAGUSD formed a confirmed Change of Character CHoCH
on a 4h time frame, signifying a completion of a local correction.
The price will text a current high now.
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Limited supply of silver with surging demand.Metals markets analyst Steve St. Angelo estimates that in the first half of 2024, the total weighted average cost of production among the leading silver miners rose to at least $26 per ounce.
Silver prices have surged over 6%, surpassing $33.6 per ounce. This rise poses a risk of significant financial losses for five U.S. banks holding large short positions in the metal.
The Commodity Futures Trading Commission (CFTC) reports that open interest in silver futures has reached 141,580 contracts, each representing 5,000 ounces. This totals about 707.9 million ounces, nearly matching a year’s global silver production, concentrated among these five banks.(Source: yahoo)
so if the banks decided to cover short, then the silver will explode.
Green energy means more silver demand.
Europe expects to install 260 GW of new wind power capacity over 2024-2030. The EU-27 should install 200 GW of this – 29 GW a year on average. (Source: Windeurope) which will have 50% more capacity in 2023, and the demand for silver will continue to rise since atypical wind turbines may contain around 0.5 to 1 kilogram (500 to 1,000 grams) of silver for its electrical components, including brushes and other conductive parts.
EVs mean more silver demand.
Average vehicle silver loadings, estimated at 15-28 grams (g) per internal combustion engine (ICE) light vehicle, have risen over the past few decades. Silver use is higher in hybrid cars at around 18-34g per light vehicle, while battery electric vehicles (BEVs) are believed to consume 25-50g of silver per vehicle. It is estimated that nearly 90 million ounces (Moz) of silver will be absorbed annually into the automotive industry by 2025.
Technical
a round bottom, looking for silver to test 50 and likely surpass the resistance.
SILVER: Move Down Expected! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 33,92164$
Wish you good luck in trading to you all!
