XAGUSD: 28/10/24After touching new levels, not seen in years. History shows theirs a high probability we're due to see something big. Silver sits at around 33/o after climbing and tickling 35/o... A retest of 32/o and climb to new highs is a high probability.Longby DENCHMONUpdated 3
Sell XAG/USD (Silver) Bearish ChannelThe XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 30.40, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 29.50 2nd Support – 29.10 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you. Shortby KABHI_FOREX_TRADINGUpdated 112
SILVER (XAGUSD): Important Resistance Ahead! Your PlanSILVER is currently testing a significant area where a daily horizontal resistance meets a descending trend line. Depending on how the price reacts to this zone, there are two possible scenarios. In a bearish scenario, traders should look for a 4-hour candle to close below the resistance level on a 4-hour timeframe before selling the market. If an engulfing candle forms and closes below 30.65, a bearish trend towards the 30.00 psychological level is anticipated. On the other hand, in a bullish scenario, watch an inverted head and shoulders pattern on a 1H time frame. 30.92 is its neckline.a breakout above the highlighted blue area and an hourly candle closing above it would signal a strong bullish move with potential for further upward movement. Important fundamental news expected today could act as a catalyst for a breakout in either direction.by linofx1333
$SILVERHola , its now or never in silver perfect spot to enter imo invalidation is below $29.6 or the last low got a tad excited and added at $32 which is now our level to flip for bullas to take over on the HTF chart this sweep of the blue thick line ( key level ) is just a retest DIxie topped out or in heavy supply zone so matter of time we resume downside for $ and boom boom for metals . looking forward to next week Longby CompoundingGain2
XAGUSD SC4M BM W BM IC on the Monthly zone hedge to the H&S D BM Fib completion -27 with descending channel Impuls and correction 100-zone 4H Inv H&S with a break and S&D in the head We can see that bulls are active Longby janssensyorbenUpdated 3
Silver Approaching Key Resistance at 30.90 We’re seeing Silver pushing up toward the 30.90 mark, which was a strong support level before. Now, given the bearish overall trend, this level is likely to act as resistance. If price gets close and sellers step in, there’s a good chance we’ll see a reversal back down from here. It’s worth watching for any clear signs of rejection at that area because it could signal that the bears are still in control.Shortby EleazarahmathUpdated 2
SILVER (XAGUSD): Classic Trend-Following MovementSilver is currently trading in a downward trend. The price is consistently falling within a parallel falling channel on a 4-hour chart. After testing the upper boundary of the channel, the price dropped and broke a strong support level. Currently, there is a retest of this broken level. It is likely that the price will continue to decline, with targets set at 29.70 and 29.38.Shortby linofx14
XAGUSD / TRADING UNDER DOWNWARD PRESSURE / 4HXAGUSD / 4H TIME FRAME HELLO TRADERS Overall Trend , The prices are currently under downward pressure, suggesting that the market is in a bearish phase until a breakout occurs from the current trading channel. Demand Zone , The asset is attempting to reach a demand zone, which is between 30.27 and 30.01. If the price stays above this range, it is expected to rise toward the supply line at 32.03. If the price stabilizes above the demand zone, there is a potential for upward movement toward the supply zone, which lies between 32.55 and 32.92. This suggests a possible reversal or rally in price. Conversely, if the price breaks and stays below the demand zone, it indicates a further downward movement, with the next target being the FVG (Fair Value Gap) area, between 29.71 and 29.16. This would suggest that the market is under significant bearish pressure. Supply Zone , The overall sentiment remains bearish until the price moves above the supply zone (between 32.55 and 32.92). As long as the price is trading below this range, downward pressure is expected to persist.Shortby ArinaKarayi3
XAGUSDGetting ready to long the heck out of Silver soon . Looking for a price of 29.46 (Oanda) to start buying .Longby SilvaBull1
SilverStill looking for that long term buy on silver, took a number of losing positions on this trade, as you can see, but we still sticking to our trading plan and waiting for that trade to eventually take off, please exercise caution when trading low risk trades as usual. see previous idea below and reason for the push upLongby thabang011
Selloff? Silver 25.9 before 50?Well We got 5 waves up and 5 waves up of wave 5. So i expect a abc correction. Hope to see a H&S pattern so we can perfectly find the wave C before we enter the bigger wave 3 towards the 50 level. For now im looking for a 3rd touch of the trendline to finish the wave 5.If everything goes perfectly it should go down from the 35.003 level. Lets see how it plays out. Let me know what you think. Shortby G1D3onnUpdated 5511
Bullish on XAGUSD: X1X2 Strategy for Silver GainsAs a trader focused on XAGUSD, I'm excited about my bullish bias and the potential for significant gains in the silver market. My strategy employs the X1X2 methodology, which is grounded in probabilities, allowing me to identify optimal entry points for long positions. With silver currently showing strong momentum, especially as it approaches key resistance levels, I anticipate a breakout that could drive prices higher. The Elliott Wave analysis supports this outlook, indicating that we are in a bullish phase with potential for further upside as long as we maintain support above recent lows. By leveraging my swing trading system and the X1X2 probabilities, I am positioned to capitalize on this bullish trend effectively. Join me as we navigate this exciting opportunity in the silver market! 3D: 4H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.Longby Jasminex1x2Updated 4411
Bearish drop?The Silver (XAG/USD) is reacting off the pivot which has been identified as an overlap support and could drop to the 1st support which is also an overlap support. Pivot: 30.09 1st Support: 29.13 1st Resistance: 30.93 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. Shortby ICmarkets4
SILVER - 50% CRASH Silver should cut its value in half over the next 1 year sharply while Gold corrects modestly. This will be the last opportunity to load up this metal before the BIG BULL ensues.Shortby ponzialchemist6
XAGUSD - Silver will continue to rise?!Silver is below the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the decline continues due to the current economic data, we can see demand zone and buy within that zone with a suitable risk reward. If the upward trend line is broken and the $30 range is maintained, we can see the continuation of the rise up to the level of $32. Over the past year, silver struggled to keep pace with gold, as gold reached multiple record highs while silver remained below $30 an ounce for a prolonged period. However, according to one analyst, this trend may shift in 2025, with the gold-to-silver ratio expected to moderate from its recent highs. Julian Wee, a market strategist at UBS, commented, “Gold remains a favored asset for portfolio risk hedging against various risks, but the shift from a ‘soft landing’ to ‘no landing’ argues for a balance between a defensive stance and exposure to economic growth. Silver, which has historically shown a high correlation with gold, may benefit more from increased industrial demand.” Wee highlighted that amid rising geopolitical tensions, gold has emerged as a preferred hedge. He noted that gold “has risen 35% this year alone, and demand has remained strong amid numerous risk events and declining global interest rates. At least for this month, gold has asserted itself as a hedge against slower economic growth and rising inflation.” He further remarked that silver, like gold, also exhibits an inverse relationship to risk aversion, thus serving a similar defensive role. “Amid resilient U.S. GDP growth, investors may find it beneficial to add to portfolios that maintain a strong defensive stance while gradually enhancing exposure to stronger economic growth,” he suggested. According to Wee, silver is expected to see increased demand due to its widespread use in sectors like technology and electric vehicles, as well as in LED production, solar panels, and medical applications owing to its antibacterial properties. Industrial demand will likely lead to higher demand for physically-backed ETFs. On the supply side, mine production is anticipated to remain limited in 2025. Jerome Powell, the Federal Reserve Chairman, discussed various factors affecting productivity growth, including the rise of new businesses and workforce mobility. He also noted that automation has contributed to productivity improvements. Powell emphasized that the current monetary policy is restrictive, though the exact degree remains uncertain. He stated that the Federal Reserve has begun the process of rate reductions and is moving towards a neutral rate, underscoring the need for a gradual and careful approach. Powell suggested that slowing the pace of rate cuts could be appropriate if data permits. He mentioned that the current monetary policy is well-positioned, providing space for rate reductions if needed, though a careful approach remains necessary. Powell also referred to the recent Producer Price Index (PPI) reading, which showed a slight increase, but he believes the inflation trajectory remains on the right path. He stressed that monetary policy should neither be overly restrictive nor overly lenient.Longby Ali_PSND2
Silver could have found its bottomSilver has also experienced a sharp decline, falling nearly 5,000 pips from its recent multi-year high around $35. However, unlike OANDA:XAUUSD , we saw a reversal pattern in OANDA:XAGUSD yesterday with a Pin Bar that aligns well with technical support just above the psychological level of $30. As I’ve mentioned before, Silver often serves as a leading indicator for Gold, especially at market turning points. For example, even when gold recently reached its all-time high, Silver failed to reach a new high and instead formed a lower high, signaling the potential for a decline. Looking specifically at XAG/USD's technical indicators, the price held firmly at horizontal support and reversed yesterday, forming a strong Pin Bar on the daily chart. I remain bullish on Silver as long as yesterday’s low remains intact, and I’ll be looking to buy on dips.Longby Mihai_Iacob11
BUY SILVER @ 29.36BUY ABOVE: 29.36 🟢 SILVER STOP LOSS: 20$ LOT SIZE0.01 or AND 28$ MARK ON CHART for STOP LOSS ❌ TARGETS: 🎯 30.63 🎯 31.66 🎯 32.32 🎯 33 🎯 33.90 Happy trading! 📈Longby MahadevPhad5
SilverXAGUSD ( Silver / U.S Dollar ) Falling Wedge as an Corrective Pattern in Short Time Frame Break of Structure Completed " 12345 " Impulsive Waves Fibonacci Level - 38.20% / 50.00% Change of Characteristicsby ForexDetective3
Bottom on 4h for Silver here we are with thebottom of silver on hour charts , what do you think guys??Shortby TEPELENA112
XAGUSD LONGMetals dipped in the last weeks due to profits being taken and moved into #Bitcoin. Now we see Bitcoin Local topping out at $93,478 USD *Bitstamp* now that profits are being take on its journey from $35,000 just 365 days ago. Now we will see Metals rise again on this end of year cycle.Longby CryptoSlaughta-Exodus3
41.50 per oz then to space TVC:SILVER Technicals to work, key levels pinpoint—Fibonacci is textbook, fundamentals the catalyst. Send it.Longby AmritFX4
XAGUSD buySilver trading idea looking at the setup we see a harmonic pattern and market hitting a resistance, if it holds then it will be bullishLongby SND_MASTER_BW2
SILVER LOOKING FOR A SUPPORT TO START 2025 HELLO TRADERS As I can see Silver is now rejected from ATH 35$ and looking for a support to make new ATH as we had mention in our analysis for Weekley based view on Silver for incoming 2025 technically its now trading under the support zone which was 32$ we expected one more retest to that level so it kiss the Fib Golden Ratio 0.50 zone which is our selling zone till design TP Friends its just a trade idea share Ur thoughts with us Stay Tuned for more updates Shortby APEX_TRADING_ACADMEYUpdated 4