silver xagusd is "undervalued"technically very strong coming back to low levels, silver will hit 36 easily soon in my opinion, but i think it can go to 38/40.
XAGUSDG trade ideas
Unveiling the Path: Silver's JourneyHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Silver a win-winMy positioning
Anyone who's been following me for a while knows I've been quite bullish on silver for the past few years. In fact, I initiated my AMEX:SLV position in early 2021 when it was in the low 20's and then in late 2022 I rotated almost 50% of that position into AMEX:SILJ when it was right around $8. It was mostly dumb luck but I nearly bottom ticked that market and bought within an hour or so of what's become a multi-year low. I've continued to hold these two core long term positions, while also trading around the core positions when short term setups present themselves.
The win-win
Before I get into the chart technicals I want to get into the fundamentals that I think make silver a win-win in the long term. I typically don't use fundamentals when I trade but I don't consider this a typical in-and-out trade. This is more of a long-term hold based on my own fundamental thesis and supported by chart technicals.
The crux of my win-win thesis is that silver will outperform in both a bullish economic outcome and a bearish economic outcome. In the bullish economic scenario, the already voracious global silver demand will continue to increase as solar, AI and EV demand continues to grow. The question at this point isn't if, but how fast. The rate at which silver is being consumed could outstrip production by as much as 200moz by the end of this decade. While I expect scrap and new mining to somewhat fill that gap, it will eventually create a vacuum that only an increase in price will resolve.
In the bearish scenario the globe slips into a severe recession. This would cause industrial use of silver to plummet but safe haven demand for silver to explode. While the demand in the bullish scenario is more gradual, the demand in the bearish silver is explosive and would likely lead to a hockey stick price move.
The most bearish scenario for silver is that the globe goes into a mild recession, where demand for silver drops materially but the large safe haven demand doesn't materialize as it would in a severe recession. In this case silver may tread water and bounce around in range.
The technicals
The silver chart makes just as compelling of a case as the fundamentals. Silver has what Peter Brandt has affectionately referred to as "the mother of all cup and handles". While the 45 year pattern means this could take quite a long time to play out (years...decades?) it still offers a very nice long term potential and clear boundaries to trade within. Within this very large pattern we often see shorter timeframe patterns form that offer both long and short setups. This sets up a nice situation where you can have a long term core position, and then trade around that core position when shorter term setups present themselves, either long or short.
The next few key support and resistance levels I'll be looking to trade around is the $40 level and the $48 level. Beyond that and we'll be into all-time-high territory where I'll trade whatever price action happens to be at that point in time.
Options
Another nice thing about SLV is it gives us options (no pun intended). For a scenario where I'm long term bullish but I think price has rallied too far, too fast and it's looking a little frothy in the short term, rather than closing some of my spot position outright and risk missing out on further rallying another approach is to sell OTM (out-of-the-money) covered calls. Implied volatility would be elevated so you'd likely be getting paid a good premium, and if price does rally up to or beyond your strike price, then you can either choose to hold and let your shares potentially be called away or if your still bullish you can roll the options up and out (up in strike and out in time). You'll collect more premium and move your sell point to a higher price at the cost of taking on more time risk. There are exhaustive resources out there if you're unfamiliar but interested in this type of strategy.
Silver very bullish now. Giving its usual false breaks earlier
As I mentioned for Gold price and Silver, although overextended a bit in price still, I am seeing momentum swinging back for the bulls and on the important bigger timeframes like 4hr and daily.
This chart is a recent Fibs pullback. Check it out below.
Trump headline about gold/silver tanking doesn't rub!
It was a good correction for Gold and Silver, right?
But I can't see either moving down today in trading or tomorrow.
Has a new downtrend been confirmed by price-action.
Intraday charts look bullish to me, for a big day in gold and silver
SILVER: Move Up Expected! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 32.00850$
Wish you good luck in trading to you all!
SILVER_108 2024.11.07 13:48:05 Trading Signal SELLFrankPro Signal for SILVER_108
Type: Screen
Signal: SELL
TP: 30.325
SL: 31.757
Entry Price: 31.578
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Down
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Down
ST=Down LT=Down
ST=Down LT=Down
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: Down
* Reasoning: The price has broken below key support levels, including the 50-day SMA, and is currently under pressure. The technical outlook suggests a potential bullish correction to test the resistance area near $32.05, but this is likely to be followed by a downward rebound. Additionally, market indicators such as oscillators on the daily chart are gaining negative traction, indicating a path of least resistance to the downside.
**Long-term (next few weeks to months):**
* Expected price movement: Down
* Reasoning: The analysis suggests that silver prices are vulnerable and may continue to decline unless there is a strong breakout above key resistance levels. The technical outlook indicates a potential continuation of the fall, targeting levels below $28.45. Furthermore, the strengthening of the US Dollar following the presidential election is likely to maintain downward pressure on silver prices.
It's worth noting that a strong breakout above $33.65 could indicate continued growth to the $35.05 area, but this scenario seems less likely based on the current analysis.
Result: ST=Down LT=Down
Analysis Method(1)
Based on the provided analysis, here are my conclusions on the expected price movement of XAG/USD (Silver) in both the short-term and long-term:
**Short-Term Analysis (next few days/week):**
* The price is expected to go down. The current price action suggests further potential declines, with support levels identified at $30.40-$30.35 (100-day SMA) and potentially lower to $30.00, $29.70, and the 200-day SMA near $28.55.
* However, there is an expectation of an attempt to develop a bullish correction in the price of silver, testing the resistance level near $32.05, followed by a potential downward rebound and continuation of the fall in price.
**Long-Term Analysis (next few weeks/months):**
* The price is expected to go down. The technical outlook indicates that any attempted recovery might be seen as a selling opportunity, with the path of least resistance currently to the downside.
* The strong US Dollar, bolstered by Trump's election victory, is a significant factor in the current downward pressure on silver prices, which is likely to continue in the long-term.
* However, if the price clears the $33.00 mark, it could target the October 31 high of $33.89 and potentially higher levels, indicating a potential reversal of the downtrend.
Overall, the analysis suggests that the price of silver is likely to continue its downward trend in both the short-term and long-term, with potential support levels at $30.40-$30.35 and $28.55. However, there is a possibility of a bullish correction in the short-term, and a potential reversal of the downtrend if the price clears the $33.00 mark.
Result: ST=Down LT=Down
Analysis Method(2)
Based on the analysis, here are my predictions for the Silver price (XAG/USD):
**Short-term (next few days to a week):**
* The price is expected to go down. The breakdown below the 50-day SMA and the short-term ascending trend-channel has triggered bearish sentiment, and oscillators indicate negative traction. The price is likely to continue its fall towards the 100-day SMA support around $30.40-$30.35.
* Immediate support levels to watch are $30.23 (100-day SMA) and the psychological mark of $30.00. If these levels are broken, the price could drop further to $29.70.
**Long-term (next few weeks to a month):**
* The price is expected to stay the same or go down slightly. The strong US Dollar following Donald Trump's victory in the presidential election is likely to keep Silver prices in check. The price may eventually drop below the $30.00 psychological mark, heading towards the $29.70 zone and the 200-day SMA near $28.55.
* However, if the price manages to break above the 50-day SMA breakpoint near $31.40, it could lead to a short-covering move, but it may not sustain and could fizzle out near the $32.65 region.
Overall, the technical analysis suggests a bearish sentiment in the short-term, while the long-term outlook is neutral to slightly bearish due to the strong US Dollar.
Result: ST=Down LT=Down
SILVER (XAGUSD): Pullback From Support We have spotted a promising trade opportunity on the 📈silver market.
The price of silver tested an important horizontal support level on a daily/intraday chart.
A symmetric triangle pattern was formed, with the resistance line being broken. I entered a long position on a retest of the broken resistance line.
My target price is 31.80.
XAGUSDXAGUSD ( Silver / U.S Dollar )
Completed " 12345 " Impulsive Waves at Extreme Point of Interest ( POI ). It has completed Break of Structure. Strong Divergence impacting Change of Characteristics to complete the Order Bloc
XAGUSDXAGUSD ( Silver / U.S Dollar )
Completed " 12345 " Impulsive Waves at Extreme Point of Interest ( POI ). It has completed Break of Structure. Strong Divergence impacting Change of Characteristics to complete the Order Bloc
XAGUSD_Buyhello
Analysis of silver in the medium and long term The market can enter a new upward trend due to the breaking of the downward trend line. In order to create a new ascending wave, it must be able to maintain the support level of 28.88 and 30.00 as support and also maintain the ascending channel, which can be considered the target of this ascending wave in the long term at 44.44. The growth percentage can be considered as 50% price increase.
Silver Faces Heavy Resistance: Time to Consider a Short?The price of Silver recently reached a key weekly demand zone from 2012, a level that has historically been significant in the market. Currently, the price appears to be following a similar reversal pattern to Gold, suggesting potential downside in the near term. For a clearer understanding of this correlation, check out my detailed analysis of Gold on my page, where I delve into its ongoing reversal pattern.
In the chart provided below, you’ll see my weekly analysis of Silver, highlighting this critical supply area:
View the chart here.
Market Sentiment and COT Insights
Market sentiment in Silver is still leaning bullish among retail traders, contrasting with the more developed reversal in Gold. The Commitment of Traders (COT) report continues to show strong bullish positioning among retail traders in Silver, which often signals a potential contrarian move. Meanwhile, the Forecast Indicator, which captures seasonal tendencies, is pointing towards a possible reversal in Silver during this part of the year.
Technical Outlook
From a technical perspective, Silver’s move into this weekly demand zone could mark the start of a more pronounced downtrend, aligning with the reversal patterns seen in Gold. Historically, this zone has acted as a strong resistance level, where price has struggled to break higher. As such, it’s a prime setup for a short position with a focus on capturing downside momentum.
The current setup aligns with both technical signals and the COT report’s insights, indicating that smart money may soon start to unwind long positions, adding to the potential for further declines in Silver.
Trade Setup
Given the current scenario, we’re keeping a close eye on Silver for a short setup. Key factors to watch for confirmation include:
-A sustained rejection at the current demand level.
-Divergence signals aligning with a downward move.
Further weakening in Gold, which could act as a leading indicator for Silver’s bearish movement.
Final Thoughts
The current analysis suggests that Silver could be entering a potential reversal phase, similar to what is already underway in Gold. However, it’s crucial to remain patient and wait for confirmation signals before committing to a short position.
I’d love to hear your thoughts on this analysis. Do you think Silver’s reversal is imminent, or is there more room for upside before a potential downturn? Let me know in the comments below!
XAGUSD Trade Log Trade Setup - XAGUSD Long in Daily FVG
Details:
- Pair: XAGUSD (Silver)
- Timeframe: Daily
- Setup: Long within daily Fair Value Gap (FVG)
Trade Parameters:
- Risk-Reward Ratio (RRR): 1:5
- Risk: 1% of account
- Entry: Watch for confirmation of price stability or bullish reversal signals within the daily FVG.
Stop-Loss and Take-Profit:
- Stop-Loss: Positioned just below the lower boundary of the FVG.
- Take-Profit: Target set at five times the stop-loss distance to achieve the 1:5 RRR.
Additional Notes:
- With a high RRR, rely on strong confirmation signals to support the extended target.
- Stay alert for economic events that could increase XAGUSD’s volatility.
XAGUSD - Silver Vs FOMC?!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 FOMC today, we can see demand zone and buy within that range with a suitable risk reward. If the upward trend continues, silver can be sold within the specified supply zone.
World Bank analysts believe that silver is a precious metal worth monitoring in 2025. The World Bank has recently updated its commodity market forecasts. While gold is expected to maintain its strong performance within the broader market, analysts have forecasted weaker demand extending from next year through 2026.
The analysts noted, “Demand for gold from central banks and the jewelry sector, which together constitute about two-thirds of global demand, is likely to decrease due to unprecedented high prices.” Nevertheless, the World Bank sees greater potential in silver, given expectations that rising demand and limited supply will help support prices.
World Bank analysts further stated, “Silver demand is anticipated to increase steadily in the forecast horizon, driven by its dual financial and industrial uses.” With supply growth lagging behind the positive factors supporting demand, silver prices are projected to increase by 7% in 2025 and by 3% in 2026, following an expected 20% increase in 2024.
Many analysts expect silver to outperform gold by 2025, as it is currently priced well below its intrinsic value.
Nomura believes that a second Trump administration would focus heavily on tariff and tax policies, potentially leading to inflationary pressures and slower economic growth. Nomura forecasts that the Federal Reserve will respond prudently to these changes. The Federal Reserve is expected to implement two rate cuts this year, followed by a single cut in 2025, and then take a prolonged pause on further cuts.
SILVER_101 2024.11.07 09:01:35 Trading Signal BUYFrankPro Signal for SILVER_101
Type: Screen
Signal: BUY
TP: 31.609
SL: 30.913
Entry Price: 31.087
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Down
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Down
ST=Down LT=Down
ST=Down LT=Down
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: Down
* Reasoning: The price has broken below key support levels, including the 50-day SMA, and is currently under pressure. The technical outlook suggests a potential bullish correction to test the resistance area near $32.05, but this is likely to be followed by a downward rebound. Additionally, market indicators such as oscillators on the daily chart are gaining negative traction, indicating a path of least resistance to the downside.
**Long-term (next few weeks to months):**
* Expected price movement: Down
* Reasoning: The analysis suggests that silver prices are vulnerable and may continue to decline unless there is a strong breakout above key resistance levels. The technical outlook indicates a potential continuation of the fall, targeting levels below $28.45. Furthermore, the strengthening of the US Dollar following the presidential election is likely to maintain downward pressure on silver prices.
It's worth noting that a strong breakout above $33.65 could indicate continued growth to the $35.05 area, but this scenario seems less likely based on the current analysis.
Result: ST=Down LT=Down
Analysis Method(1)
Based on the provided analysis, here are my conclusions on the expected price movement of XAG/USD (Silver) in both the short-term and long-term:
**Short-Term Analysis (next few days/week):**
* The price is expected to go down. The current price action suggests further potential declines, with support levels identified at $30.40-$30.35 (100-day SMA) and potentially lower to $30.00, $29.70, and the 200-day SMA near $28.55.
* However, there is an expectation of an attempt to develop a bullish correction in the price of silver, testing the resistance level near $32.05, followed by a potential downward rebound and continuation of the fall in price.
**Long-Term Analysis (next few weeks/months):**
* The price is expected to go down. The technical outlook indicates that any attempted recovery might be seen as a selling opportunity, with the path of least resistance currently to the downside.
* The strong US Dollar, bolstered by Trump's election victory, is a significant factor in the current downward pressure on silver prices, which is likely to continue in the long-term.
* However, if the price clears the $33.00 mark, it could target the October 31 high of $33.89 and potentially higher levels, indicating a potential reversal of the downtrend.
Overall, the analysis suggests that the price of silver is likely to continue its downward trend in both the short-term and long-term, with potential support levels at $30.40-$30.35 and $28.55. However, there is a possibility of a bullish correction in the short-term, and a potential reversal of the downtrend if the price clears the $33.00 mark.
Result: ST=Down LT=Down
Analysis Method(2)
Based on the analysis, here are my predictions for the Silver price (XAG/USD):
**Short-term (next few days to a week):**
* The price is expected to go down. The breakdown below the 50-day SMA and the short-term ascending trend-channel has triggered bearish sentiment, and oscillators indicate negative traction. The price is likely to continue its fall towards the 100-day SMA support around $30.40-$30.35.
* Immediate support levels to watch are $30.23 (100-day SMA) and the psychological mark of $30.00. If these levels are broken, the price could drop further to $29.70.
**Long-term (next few weeks to a month):**
* The price is expected to stay the same or go down slightly. The strong US Dollar following Donald Trump's victory in the presidential election is likely to keep Silver prices in check. The price may eventually drop below the $30.00 psychological mark, heading towards the $29.70 zone and the 200-day SMA near $28.55.
* However, if the price manages to break above the 50-day SMA breakpoint near $31.40, it could lead to a short-covering move, but it may not sustain and could fizzle out near the $32.65 region.
Overall, the technical analysis suggests a bearish sentiment in the short-term, while the long-term outlook is neutral to slightly bearish due to the strong US Dollar.
Result: ST=Down LT=Down
SILVER_109 2024.11.07 08:12:03 Trading Signal BUYFrankPro Signal for SILVER_109
Type: Screen
Signal: BUY
TP: 32.835
SL: 30.91
Entry Price: 31.185
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Up LT=Up
ST=Down LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the analysis, here are my predictions for the price movement of XAG/USD (Silver) in both the short-term and long-term:
**Short-term (next few days to a week):**
The price is expected to go **UP**. The current price is around $32.50, and there is an expectation for the price to test the support area near 32.15 before rebounding and continuing its growth towards levels above 33.85. Additionally, the upcoming US election and Federal Reserve meeting could lead to a weaker US Dollar, which could propel silver prices higher.
**Long-term (next few weeks to months):**
The price is expected to go **UP**. The fundamental picture for silver remains positive due to increasing demand, particularly in technology production, electric vehicles (EVs), and renewable power solutions. This demand has outpaced supply, which is expected to continue supporting higher prices for silver. The technical outlook also suggests that a close above the 32.60 level could signal renewed upward momentum, potentially driving prices towards 33.01 and 34.00.
Overall, both the short-term and long-term analyses suggest that the price of silver is expected to go up, driven by a combination of technical and fundamental factors. However, it's always important to keep in mind that market volatility and unexpected events can impact price movements.
Result: ST=Up LT=Up
Analysis Method(1)
Based on the analysis, here are my predictions for the XAG/USD (Silver) market:
**Short-term (next 24-48 hours)**
* The price is expected to be volatile due to the ongoing US election and the upcoming Federal Reserve meeting, which could impact the US Dollar and, in turn, silver prices.
* If silver fails to break above $33.00, it could test the support levels at $32.25, $32.15, and $31.32.
* However, if the price breaks above $33.00, it could lead to a swift run toward the $34.00 handle.
* Given the uncertainty and volatility, the price could go either way, but I would slightly lean towards a **downward movement** in the short-term, testing the support levels.
**Long-term (next week and beyond)**
* The fundamental picture for silver remains positive, driven by increasing demand, particularly in technology, electric vehicles, and renewable power solutions.
* The gap between global supply and physical demand is expected to continue supporting higher prices.
* The technical analysis suggests that if XAG/USD clears the $33.00 level, the next target could be the October 31 high of $33.89, followed by $34.00 and potentially the year-to-date peak at $34.86.
* Based on the positive fundamental analysis and the potential for a breakout above $33.00, I would predict a **long-term upward movement** in the price of silver.
Overall, while there may be short-term volatility and potential downward movement, the long-term outlook for silver appears to be positive, driven by strong fundamentals and potential for a breakout above $33.00.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the analysis provided, here is my assessment of the expected price movement for Silver (XAG/USD) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: Down (correction)
* Reasoning: The analysis mentions an expectation of a short-term bearish correction to test support levels, despite the overall bullish trend. This suggests that the price may experience a temporary decline before potentially resuming its upward momentum.
* Potential price range: $31.34 to $32.15 (support levels)
**Long-term (next few weeks to months):**
* Expected price movement: Up
* Reasoning: The analysis indicates a bullish trend with potential for continued growth if key resistance levels are broken. The forecast also mentions a potential target above $33.85 if the price breaks out above $33.25.
* Potential price range: $33.25 to $34.86 (resistance levels and year-to-date peak)
Overall, while there may be a short-term correction, the long-term outlook for Silver (XAG/USD) appears to be bullish, with potential for continued growth driven by a weaker US Dollar and other market influencers.
Result: ST=Down LT=Up
Gold & Silver shakeout appears to be over. Buy Silver or Gold
A bigger correction in the Gold and Silver price this week.
I firmly believe this shakeout is less and less now.
Momentum is returning to the upside IMO.
Correction Silver. H4 07.11.2024Correction Silver 📉
In silver, I expect a correction deeper to the final zone of 29.70-30.10 where significant option fills and double margins fall into. Therefore, we should be prepared for a deeper correction in silver, especially on the back of the gold decline, which usually catches up with silver with a small lag. Of course, we can't exclude the growth from current levels, but the conditions are weak.
CAPITALCOM:SILVER
Heading into overlap resistance?The Silver (XAG/USD) is rising towards the pivot which is an overlap resistance and could reverse to the pullback support.
Pivot: 31.56
1st Support: 30.36
1st Resistance: 32.35
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.
SILVER_110 2024.11.07 04:31:03 Trading Signal SELLFrankPro Signal for SILVER_110
Type: Screen
Signal: SELL
TP: 30.244
SL: 31.287
Entry Price: 30.989
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Up LT=Up
ST=Down LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the analysis, here are my predictions for the price movement of XAG/USD (Silver) in both the short-term and long-term:
**Short-term (next few days to a week):**
The price is expected to go **UP**. The current price is around $32.50, and there is an expectation for the price to test the support area near 32.15 before rebounding and continuing its growth towards levels above 33.85. Additionally, the upcoming US election and Federal Reserve meeting could lead to a weaker US Dollar, which could propel silver prices higher.
**Long-term (next few weeks to months):**
The price is expected to go **UP**. The fundamental picture for silver remains positive due to increasing demand, particularly in technology production, electric vehicles (EVs), and renewable power solutions. This demand has outpaced supply, which is expected to continue supporting higher prices for silver. The technical outlook also suggests that a close above the 32.60 level could signal renewed upward momentum, potentially driving prices towards 33.01 and 34.00.
Overall, both the short-term and long-term analyses suggest that the price of silver is expected to go up, driven by a combination of technical and fundamental factors. However, it's always important to keep in mind that market volatility and unexpected events can impact price movements.
Result: ST=Up LT=Up
Analysis Method(1)
Based on the analysis, here are my predictions for the XAG/USD (Silver) market:
**Short-term (next 24-48 hours)**
* The price is expected to be volatile due to the ongoing US election and the upcoming Federal Reserve meeting, which could impact the US Dollar and, in turn, silver prices.
* If silver fails to break above $33.00, it could test the support levels at $32.25, $32.15, and $31.32.
* However, if the price breaks above $33.00, it could lead to a swift run toward the $34.00 handle.
* Given the uncertainty and volatility, the price could go either way, but I would slightly lean towards a **downward movement** in the short-term, testing the support levels.
**Long-term (next week and beyond)**
* The fundamental picture for silver remains positive, driven by increasing demand, particularly in technology, electric vehicles, and renewable power solutions.
* The gap between global supply and physical demand is expected to continue supporting higher prices.
* The technical analysis suggests that if XAG/USD clears the $33.00 level, the next target could be the October 31 high of $33.89, followed by $34.00 and potentially the year-to-date peak at $34.86.
* Based on the positive fundamental analysis and the potential for a breakout above $33.00, I would predict a **long-term upward movement** in the price of silver.
Overall, while there may be short-term volatility and potential downward movement, the long-term outlook for silver appears to be positive, driven by strong fundamentals and potential for a breakout above $33.00.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the analysis provided, here is my assessment of the expected price movement for Silver (XAG/USD) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: Down (correction)
* Reasoning: The analysis mentions an expectation of a short-term bearish correction to test support levels, despite the overall bullish trend. This suggests that the price may experience a temporary decline before potentially resuming its upward momentum.
* Potential price range: $31.34 to $32.15 (support levels)
**Long-term (next few weeks to months):**
* Expected price movement: Up
* Reasoning: The analysis indicates a bullish trend with potential for continued growth if key resistance levels are broken. The forecast also mentions a potential target above $33.85 if the price breaks out above $33.25.
* Potential price range: $33.25 to $34.86 (resistance levels and year-to-date peak)
Overall, while there may be a short-term correction, the long-term outlook for Silver (XAG/USD) appears to be bullish, with potential for continued growth driven by a weaker US Dollar and other market influencers.
Result: ST=Down LT=Up
Silver Medium term Projection-24.00USDSilver Medium-term Projection-24.00USD
The medium-term projection for silver looks quite promising! I am predicting that silver prices could reach $34.70 to $48.00 per ounce by 2025. Looking further ahead, my forecasts suggest silver could hit $50 per ounce by 2025 end and potentially $77 per ounce by 2026. By 2030, silver prices might even peak at $120 per ounce.
