Silver Elliott Wave Count DailyThis is just a reference for people who wants to know what the EW counts for Silver is. Here, note that Silver hasn't reach a down move target. This is very different from Gold which has done a short term bottom.
XAGUSDG trade ideas
XAGUSD | 19.11.2024SELL 31.250 | STOP 31.700 | TAKE 30.800 | Down moving from local resistance level.
XAGUSD - Silver/USD- Sell (SHORT) Trade Call - 15mPresently Silver is in Downward trend.
Parallel channel has been drawn and price has been respecting the channel. However, currently price has just spiked up out of channel, therefore, it would be wise to wait till price falls back in the channel and preferably break previous Lower Low to enter the Sell Trade.
AB=CD pattern has been drawn to draw the confluence and arrive to TP.
Sell (SHORT) Trade Call
Entry Buy: 29.90340
SL: 30.42867
TP: 29.09300
#Silver trendline break out or breakdown" OANDA:XAGUSD continues respecting the ascending trendline, signaling bullish momentum. Price rebounded off the **0.236 Fib retracement**, with RSI showing room for further upside. A breakout above $32 targets $35+, while a breakdown below the trendline invalidates the setup. Bulls are in control—key support holds! #Silver #TechnicalAnalysis"
Top 5 Weekly Trade Ideas #2 - Silver LongSilver had a nice downtrend breakout after some recent weakness and looks poised for another leg up if it can hold this area. This is by far my favorite trade in the market right now. Targeting $32.50 and beyond. Stop around $30.70.
#XAGUSDT ( silver )Inside a green pattern is oscillating.
My personal opinion is that
Until it comes under the support of the green line (under $29.7)
Can you consider the green pattern kiss on the ceiling
Silver price alining bullishly in the key Daily Chart
I think we might get more upside moves in the Gold and Silver price.
I think the daily silver chart is looking for a buy entry today. Long term trend-line is in a bullish alignment and it's coming out of an oversold state offering attractive buy prices to investors.
I EXPECT SOME SELLING to occur for the next little while and perhaps a move down and then a brief consolidation before a move up.
Silver H4 | Potential bearish reversalSilver (XAG/USD) has reversed off a resistance zone identified by the 38.2% Fibonacci retracement and the red Ichimoku Cloud, and could potentially drop lower from here.
Sell entry is at 31.17 (at market).
Stop loss is at 32.25 which is a level that sits above the 50.0% Fibonacci retracement level and a swing-high resistance.
Take profit is at 29.79 which is a swing-low support.
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Silver Eyes $31.3 Amid Changing Fed Policy ViewsSilver is testing the $31.5 resistance while the Stochastic indicator warns that XAGUSD is overpriced. A dip below $30.7 will likely trigger a downtrend.
Article: fxnews.me
SILVER 24hr PotterboxSILVER 24hr Potterbox. Silver has bounced off of the floor of the box. $30.201 its going up. its over the 200 day moving average with a green candle as i write this. $31.227 Well it will probly go up to the 50 % line. but it will take a week or 2 to make that move. it will be fun to watch and see where it goes. Educational purposes only. not sound financial advice. Have fun trading.
Silver Simplified: Chart Insights & Trade IdeaCAPITALCOM:SILVER
Greetings everyone ,
I like when charts are easy to read—it helps make trading decisions easier.
On the Chart today, I have XAGUSD (Silver/US Dollar).
The price of XAGUSD is currently: $31.18oz.
What Are the Benefits of Silver
Silver offers several advantages for investors and traders alike:
1. Hedge Against Inflation:
Like gold, silver is often viewed as a store of value, making it an effective hedge against rising inflation and currency devaluation.
2. Industrial Demand:
Silver is used extensively in industries such as electronics, renewable energy (solar panels), and medical applications, ensuring consistent demand.
3. Accessibility:
Silver is more affordable than gold, making it an ideal choice for small-scale investors or those looking to diversify.
4. Liquidity:
Silver can easily be bought and sold in various forms, including ETFs, futures, and physical bullion.
5. Volatility Opportunity:
Silver tends to be more volatile than gold, offering traders higher profit potential during market swings.
Does Silver Rise During Inflationary Periods?
Yes, silver often rises during inflationary periods. When inflation erodes the value of fiat currencies, investors flock to hard assets like silver and gold to preserve their purchasing power.
Key reasons silver performs well during inflation:
• Weaker Currency Value: Inflation typically weakens currencies, driving up the price of dollar-denominated assets like silver.
• Increased Demand for Safe-Haven Assets: Investors seek alternatives to cash, and silver, being more affordable than gold, often sees increased demand.
• Industrial Applications Benefit: In an inflationary environment, industrial activity can also contribute to silver’s rise due to higher commodity prices across the board.
Technical Analysis 💡
Silver / XAGUSD recently broke out of a downtrend and is showing bullish continuation.
Bullish continuation is seen when price reclaimed the $30.17 level where it bounced / wicked multiple times.
Volume analysis
Also notice the empty volume pocket between
The peak of the volume and where it touched the green box highlighted at $30.172oz. Can be seen when zoomed in on the 45m chart.
Trade Entry
We have technically missed the most optimal entry point. However never forget there is always opportunity to make money in the market 💴.
Trade setup look for re-entry on any strong break above $31.242 targeting $32.25.
Best,
C Lemard
#kissmethod #silver #commodities #trading #xau #gold
XAGUSD Short-Term Analysis (4-hour chart) - 18/11/2024Disclaimer: This analysis is for educational purposes only and represents my personal opinion. Consult your financial advisor before making any decisions.
Market Analysis:
The XAGUSD pair has retested the key support level at 30.12 and bounced, but lacks impulsive momentum. The 4-hour price action indicates a bearish trend, confined within an ascending trend channel, with no notable increase in volume. A close below immediate support levels raises concerns about the short-term bullish outlook. However, RSI is showing both bullish divergence and bearish divergence.
Key Levels:
POC (Daily Point of Control): 31.29
Resistance (OBV): 31.29 - 32.00
Resistance: 31.29
Immediate Support: 30.18
Local Low: 29.67
Trading Bias:
Bearish: With the daily Point of Control at 31.29 and OBV resistance at 31.84-32.13, we anticipate a potential rejection upon retesting.
Scenario 1: Rejection at Resistance
Price rejection at 31.29 could lead to a decline towards 30.18 and potentially 29.67.
Scenario 2: Breakdown Below Local Low
A break below 29.67 could trigger a downward move towards 28.70 (daily Point of Control), filling the gap.
Caution :
A sustained move above 32.13 would invalidate our bearish bias and potentially signal a trend reversal.
SILVER: Strong Bearish Bias! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.58523$
Wish you good luck in trading to you all!
SILVER:Short trading strategy
The recent silver long short game or fell sharply, daily line and weekly line or short trend, this week's big trend to follow gold, first look at the shock rebound, the second half of the week bearish, rebound is our short opportunity. The rebound to 30.90 can be shorted today. Target 30.5-30
Watch Silver as It Approaches $30.7 ResistanceSilver remains oversold but is nearing the $30.7 resistance level, gaining upward momentum as indicated by the Stochastic's move out of the oversold territory.
The trend outlook will stay bearish as long as silver prices remain below the October 17 low of $31.35. Should silver close above the immediate resistance at $30.76, it might aim to test the 50-period simple moving average as its next resistance.
Article: fxnews.me
SILVER: Local Correction Ahead! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 30.97257$
Wish you good luck in trading to you all!
Silver XAG/USD Analysis --- 15.11.2024Bearish Bias: Given the price action below EMAs, BOS, and negative momentum, a further downside move is likely. If the price fails to break above 30.600 (near EMA and resistance), it could retest the 30.000 level or even drop toward the demand zone around 29.800.
XAGUSD | 14.11.2024BUY 29.800 | STOP 28.800 | TAKE 30.800 | According to technical analysis, silver is trading in a long-term uptrend. At the moment, a downward correction is developing, within which it has broken through the level of 30.000. The next sales target is the level of 28.600, if this mark is held by buyers, then growth will resume with targets at the level of 30.400 - 30.800.
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 29.49206$
Wish you good luck in trading to you all!
Projected Silver Bottom Nov-Dec 2024: Key Levels & Support ZonesUsing Elliott Wave and Fibonacci analysis, I believe the 0.618 retracement level for silver at $29.75, from its recent high of $35, will act as solid support. From here, we could see a rebound to the 0.382 or possibly the 0.236 levels, bringing prices up to around $32 or $33 in the B wave, before correcting back down in the C wave. I expect the lower green support line to hold, making it unlikely that silver dips below $29.50, which aligns with the Elliott Wave principle, as the C wave is anticipated to slightly undercut the A wave. There’s a minor chance of a deeper dip to the 0.786 retracement level at $28, but if it does, I would expect strong buying interest at that point.
