XAGUSDSilver formed a QM pattern in the two-hour time frame, if it can break the specified neckline and the candle confirms it, there is a possibility that silver will rise sharply to $35.
XAGUSDG trade ideas
Bullish bounce off 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 which acts as a pullback resistance.
Pivot: 30.69
1st Support: 29.80
1st Resistance: 31.51
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BUY XAGUSD (SILVER) - H4 and H1 Trade entries explainedTrader 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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Silver Market Update The silver market is looking quite interesting right now! Here's a breakdown of the key insights:
📊 Daily Chart Highlights:
• Silver is stabilizing above its 200-day moving average at 2918.
• It's also holding steady above the 61.8% retracement of the entire move up from August, located at 2971.
• The daily RSI shows divergence, signalling a loss of downside momentum.
📈 Historical Patterns:
• If we compare this to the last correction (May–September), we see a similar pattern where the market held above its 200-day moving average and 61.8% retracement. History might be repeating itself!
🌥️ Long-Term Perspective:
• The weekly chart looks strong, with the cloud providing support for weekly price movements.
⚖️ Gold/Silver Ratio:
• Signs of failure at the longer-term downtrend (dating back to August 2022) add weight to the bullish outlook.
💡 What This Means:
The combination of technical support levels, momentum indicators, and historical patterns suggests we may be gearing up for a recovery in the silver market.
📌 Watch closely for potential upside movement!
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
SILVER Resistance Ahead! Sell!
Hello,Traders!
SILVER is now going up
From the support but
A local horizontal resistance
Is ahead around 31.50$
So after the retest we will
Be expecting a local
Bearish pullback
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Silver (Drop-Base-Rally) Bullish Stance Silver Drop Base Rally setup: Look for breakout from consolidation/base with high volume; enter long. Place stop loss just below base. Measure potential upside from drop's depth or use prior resistance for target. Confirm with momentum indicators like Stochastic or MACD for added confidence.
SILVER: Price Action & Swing Analysis
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
3-12 Silver3-12 Silver In contrast to gold, silver has been moving slightly higher the past few days. Based on a clear trend change that is already visible with the MacD, we place a buy at 31,260. We remain cautious.
SILVER (#XAGUSD): Bullish Outlook & BreakoutSilver formed a significant inverted head and shoulders pattern on the 4-hour chart.
The market saw a strong bullish movement this morning, breaking through both its neckline and a solid downward trend line.
These broken structures now make up an expanding demand zone.
I plan to enter a long position from this zone, expecting a bullish trend to continue up to at least the 31.40 resistance level.
SILVER Is Going Down! Sell!
Here is our detailed technical review for SILVER.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 30.989.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 28.202 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
SILVER BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
SILVER pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 29.618 area.
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Silver in a correctionSilver seems to be in a corrective flat Pattern. Expecting a reaction at around 31.50-31.80. Will look for sell setups at that level
Gold vs Inflation Historical BreakoutThat is it guys, the final stretch of the year!
#Silver might not get its historical breakout confirmation this year, but still has a bullish backdrop.
You see, if #gold vs #inflation closes the year where it is now, that is a historical breakout confirmed!
Silver tracks this.
XAG/USD 01.12.24
FXOPEN:XAGUSD
Hello Traders,
In the coming week, I anticipate continued bearish momentum. Over the past weeks, the market has been dominated by bears. Currently, we are in a 1-2-3-4-5 move to the upside and transitioning from wave 3 to wave 4.
On smaller timeframes, I observe a complex (A)-(B)-(C) correction forming wave 4. From my perspective, we are now in the move from wave (B) to wave (C). Typically, the transition from B to C follows a 1-2-3-4-5 structure, as I’ve illustrated. It may look a bit disorganized, but we should remember that we are dealing with the metals sector.
My target for this week or the next is a final push to approximately 29,100. This aligns with the 100% Fibonacci extension of waves 4 to 5. Additionally, this area coincides with the first bullish Fibonacci retracement of the larger wave 4. The volume indicator also highlights significant activity at this level in the past.
Keep a close eye on this level!
Silver Long TermAfter looking at silver all time chart it may just be the most bullish chart of all time. Based on the fundamentals of the cup and handle silver could go up around 800% long term.
SILVER Buyers In Panic! SELL!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 30.622 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 30.343
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Silver Moving Up to 37 & 44Weekly chart has a confirmed inverted H/S during the long consolidation from 2020 and 2021 highs, it successfully broke and then tested the neckline at $25.85 and then moved up.
It's possible that 28.3 gets tested if it doesn't hold above the prior wick high at ~30.5.
As long as 28.3 holds, and especially if 25.85 continues to hold, silver should move up to 37 and 44 approximately.
SILVER What Next? SELL!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 30.514 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 30.292
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
MORNING FAM THIS IS MAGIC LINE WITH SILVER ANALYSIS 12/2/2024Without me taking much of your time i think its pretty clear from the Daily chart that we're currently trading at recent support levels that has been giving us some decent move to the UP SIDE
and now looking also at the trendline that gold has been respecting for much of this year gold has just touched it giving us double confluence of the same BUY BIAS
+ aslo considering the GEO POLITICAL SITUATION i think we are going to see it play the safe haven asset along with gold
BUY SILVER AT $ 30.00 TP SET AT $34.00
SL AT $29.00
OTHERWISE IF SL HIT SELL AT THE RETEST OF THE TRENDLINE
XAG/USD Analysis: Silver Price Balances at Key SupportXAG/USD Analysis: Silver Price Balances at Key Support
As reflected in the XAG/USD chart, the price of silver this morning is trading near $30.2, just above a critical support zone formed by:
→ The psychological level of $30.00;
→ The lower boundary of the ascending channel. As indicated by the blue arrows, this lower boundary has consistently provided support, enabling bullish reversals in silver prices throughout 2024.
However, the price is currently below the 200-day moving average (MA), which is trending downward. An examination of price action in November reveals a lack of sustained growth following two breaches of the psychological level. As the red arrows illustrate:
→ On the first occasion, the price encountered resistance near $31.50;
→ On the second, it failed to rise above $31.
This could indicate weak demand, increasing the risk of a bearish breakout below the key support zone, potentially breaking the 2024 uptrend.
Meanwhile, analysts remain optimistic, citing strong fundamentals. According to media reports:
→ ANZ Research analysts forecast silver prices reaching $35.4 in 2025;
→ JP Morgan analysts predict silver at $36;
→ Saxo Bank analysts anticipate prices climbing to $40 by 2025.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Silver- Could it drop to 28?In my previous analysis of silver, I mentioned the potential for prices to drop below the significant $30 level. This scenario unfolded as expected, with prices dipping to $29.66 before reversing and once again hovering around the $30 mark. This area continues to act as a pivotal point for market sentiment.
From a technical perspective, the outlook remains bearish as long as the $31.20 resistance level holds. This level serves as a key threshold, and until it is breached, the strategy should focus on selling into rallies.
A decisive break below the $30 level could pave the way for a move toward the next major support around $28. Such a development would align with my broader bearish view when it comes to precious metals
XAGUSD BuyPotential opportunity to long silver from here. I like the CHOCH on the 4h as well as the inverse H&S that’s forming. I’m just looking for a signal to get entries
silver 1h ideathis is my idea on silver from 1h chart
these are some potential zones where we find scalp entries too trade with m5 confirmation
