Silver risky buy at support We're currently trading at oversold levels, indicating that a strong corrective move higher is expected.
XAGUSD_PER_0.01 trade ideas
XAGUSD Analysis for 16/10/2024: Slight Bearish Bias ExpectedIntroduction
On 16th October 2024, XAGUSD (Silver vs. US Dollar) is expected to exhibit a slight bearish bias in today’s trading session. Several fundamental factors and current market conditions are contributing to this outlook, including shifting interest rate expectations, global risk sentiment, and the overall strength of the US Dollar. In this analysis, we will explore the key drivers behind the expected bearish trend for silver and provide insights into the potential short-term outlook.
Key Drivers for XAGUSD Bearish Bias
1. Strength of the US Dollar
The primary driver for the bearish bias in XAGUSD today is the relative strength of the US Dollar. While the US Dollar experienced some weakness in recent weeks, it has regained some footing as traders react to mixed economic data from the United States. The latest CPI (Consumer Price Index) report showed that inflation, while cooling slightly, remains elevated enough for the Federal Reserve to maintain its hawkish tone.
This resurgence in the US Dollar strength is exerting downward pressure on silver, as precious metals tend to move inversely to the US Dollar. The strong USD makes silver more expensive for holders of other currencies, reducing its demand and weighing on XAGUSD.
2. Rising US Treasury Yields
Another key factor contributing to the bearish outlook for XAGUSD is the rise in US Treasury yields. As bond yields climb, the opportunity cost of holding non-yielding assets like silver increases. Investors typically shift capital into assets with higher yields, such as US Treasuries, when interest rates rise, which can hurt the demand for precious metals.
The 10-year US Treasury yield has been on an upward trend, reflecting market expectations of continued tightening from the Federal Reserve. With yields rising, investors are less inclined to seek safety in silver, resulting in a potential decline in XAGUSD.
3. Reduced Safe-Haven Demand
Global risk sentiment has shown signs of stabilizing, with equity markets recovering and fears of an economic slowdown easing. This shift toward a "risk-on" sentiment typically reduces demand for safe-haven assets like silver.
Moreover, geopolitical risks have also subsided to some degree, as major economies navigate through inflationary pressures and geopolitical tensions. As investors regain confidence in riskier assets like equities, the demand for silver as a hedge against uncertainty has weakened, further contributing to the bearish bias in XAGUSD today.
4. Lackluster Industrial Demand
Silver is not only a precious metal but also has significant industrial applications, particularly in sectors like electronics, solar energy, and manufacturing. However, industrial demand for silver has faced challenges recently due to slowing global manufacturing activity, particularly in China and Europe.
China’s efforts to stabilize its economy have shown some positive results, but concerns over a full recovery in its industrial sector remain. Weak industrial demand could limit silver's upside potential, and the reduced demand from industrial sectors is likely to weigh on XAGUSD prices.
5. Technical Analysis
From a technical perspective, XAGUSD is facing downward pressure after failing to break key resistance levels in previous sessions. Silver has been trading below its 50-day moving average, signaling ongoing bearish momentum.
Additionally, the Relative Strength Index (RSI) indicates that silver is not yet in oversold territory, suggesting there may be further room for downside movement. If silver continues to face resistance at the $23.00 psychological level, we may see a continuation of the bearish trend in the short term.
Conclusion
In summary, XAGUSD is expected to trade with a slight bearish bias on 16th October 2024, driven by multiple fundamental factors. The strength of the US Dollar, rising US Treasury yields, reduced safe-haven demand, and lackluster industrial demand are all contributing to the downside pressure on silver. While silver may face near-term weakness, traders should keep an eye on future economic data releases and central bank policies for potential shifts in market sentiment.
For more detailed updates and live analysis of XAGUSD and other financial markets, follow our TradingView channel.
Keywords: XAGUSD analysis, silver price forecast, bearish silver outlook, US Dollar strength, rising US Treasury yields, safe-haven demand, industrial silver demand, silver technical analysis, XAGUSD today, precious metals market.
Silver break out!!!As the dollar continues to weaken after the Fed cut rates, precious metals such as gold and silver are deemed safe-haven assets. Investing in a long position in silver presents a favorable opportunity, particularly since it has recently broken out of the bull flag pattern, a sign of bullish momentum.
Silver:The #1 Asset Class Is Going UpAm so excited to share this video
with you because it shows you
how the silver price is actually
trending up
Now silver is part of the
"Top 13 Iron Watchlist"
which am going to show
you on 19th October
This watchlist is one
am going to use
to determine market
cycles for 2025
And another thing I like
about this
chart TVC:SILVER #Silver
Is that it follows the Rocket
booster Strategy
Chart pattern to learn
more watch this video
Also rocket boost this content
Disclaimer:Trading is risky, you
do not have to buy or sell
anything I recommend to you, please
do your own research.
Because in trading you will lose
money whether you like it or not
Please learn risk management
and profit-taking strategies.
XAG/USD Upside Potential with Key Resistance LevelsHello,
OANDA:XAGUSD is showing potential for further upside. Key resistance levels to watch are 31.619, 32.08, 32.541, and 33.925. While the price remains well-positioned for upward movement, caution is advised. It's important for the price to stay above the 1W pivot point to maintain the bullish momentum.
TradeWithTheTrend3344
XAGUSD: Trend in daily time frameIt is currently in a very sensitive area,
Please pay special attention to the very accurate trend, and colored levels.
Its a very sensitive setup, please be careful.
BEST,
MT
XAG/USD "SILVER" Market Heist Plan on BearishHello My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAG/USD "SILVER" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Silver finds Support for Buy orders....Shine is all on Crypto
Silver Sold Off due to a Double Top and it found support about an hour ago but failed to really take-off probably due to all the buying on Crypto today.
But at these levels for Silver following a recent 1.3% sell off due to this Double Top for Silver, it looks as though price is retracing back to higher higher prices.
Silver / U.S. Dollar Hello dear traders,
I have observed strong confirmations in the silver analysis chart, and I believe this chart requires a significant correction. Additionally, we have witnessed a breakout of the trendline. From a technical perspective, we have also had CHoCH, and this is a pullback for the beginning of the correction. The chart has been designed to be very simple and comprehensible.
Thank you very much,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
XAG Long, Final Wave UpXAG is on it's way to complete it's final wave for wave 1 of 5, We could expect an extended wave since waves 1 and 3 are almost equal in size, but still be wary of the upper channel price might still react when market reached 34.xxx level.
SILVER Will Fall! Sell!
Take a look at our analysis for SILVER.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 31.106.
The above observations make me that the market will inevitably achieve 30.995 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
SILVER BEARISH BIAS RIGHT NOW| 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 5H 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 30.015 area.
✅LIKE AND COMMENT MY IDEAS✅
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 30.98923$
Wish you good luck in trading to you all!
XAGUSD correction towards the end of the year.Silver (XAGUSD) has made a Double Top (red circle) on October 04 near the Higher Highs trend-line of the 2-year Channel Up. Last time it did a similar Higher High was on May 05 2023, after remarkably a similar +48.50% rise, it started a correction that extended below bot the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line).
The first stop was the 1D MA200 and the 0.382 Fibonacci retracement level and that's where our end-of-year Target is at 28.500.
Notice also the 1W MACD similarities between the two peak fractals. Also the time from bottom to top has been highly identical at 246 and 248 days respectively.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAGUSD Analysis: Is Silver Set for a Slight Bearish Bias Today? On October 15, 2024, XAGUSD (Silver to USD) is likely to exhibit a slight bearish bias based on the latest fundamental factors and current market conditions. As the price of silver tends to react to broader macroeconomic shifts and market sentiment, several key drivers point to potential downside pressure for silver today. Here’s a detailed analysis outlining these factors:
1. Stronger U.S. Dollar and Treasury Yields
One of the primary reasons for the bearish outlook on silver is the relative strength of the U.S. dollar (USD). Over the past few trading sessions, the dollar has remained resilient due to rising U.S. Treasury yields. Higher yields make dollar-denominated assets more attractive, leading to capital inflows into the USD, which puts pressure on precious metals like silver.
With the U.S. Federal Reserve maintaining its cautious stance on interest rates and inflation, the upward trajectory in Treasury yields has persisted. Rising yields tend to weigh on silver prices, as silver does not generate any interest, making it less appealing to investors compared to interest-bearing assets like bonds. This dollar strength is a key factor that could keep silver on the bearish path today.
2. Weakening Demand for Safe-Haven Assets
Global risk sentiment has shifted, with investors turning away from safe-haven assets like silver in favor of risk-on assets such as equities. Recent global economic data, including improvements in manufacturing and services sectors in both the U.S. and Europe, have bolstered investor confidence, leading to reduced demand for silver as a hedge against uncertainty.
Moreover, despite ongoing geopolitical risks in certain regions, the overall market appears less focused on safe-haven buying. This diminishing demand for safe-haven assets could drive XAGUSD prices lower, further supporting the bearish bias.
3. Weak Industrial Demand Outlook
Silver’s industrial demand has been facing challenges due to concerns about slower global economic growth. While silver is widely used in sectors like electronics, solar energy, and manufacturing, any slowdown in these industries can weigh on silver prices. The latest economic data out of China, the world’s largest consumer of industrial metals, has shown signs of slowing growth, particularly in manufacturing activity.
China’s sluggish growth outlook, combined with weaker-than-expected industrial production figures, has raised concerns about reduced demand for silver from key industrial sectors. As China remains a major player in the global silver market, the bearish industrial outlook could keep silver prices under pressure today.
4. Technical Analysis: Resistance at $23.00
From a technical perspective, XAGUSD has struggled to break above the key resistance level at $23.00. In the past few trading sessions, silver has faced selling pressure every time it approaches this level. This indicates that there is strong resistance at this price point, which may lead to further downside movement if silver fails to push through it.
In addition, momentum indicators like the Relative Strength Index (RSI) are showing signs of slowing momentum, which adds weight to the bearish outlook for silver today. If silver falls below the $22.50 support level, we could see increased selling pressure pushing prices lower towards the $22.00 mark.
5. Hawkish Fed Signals
The U.S. Federal Reserve has been closely monitoring inflation, and there are indications that the central bank could keep rates elevated for a longer period. While the Fed has taken a data-dependent approach, the continued hawkish signals from policymakers suggest that there is little chance of rate cuts in the near term.
This expectation of higher-for-longer interest rates has fueled strength in the U.S. dollar, as investors seek safety in USD-denominated assets. As a result, precious metals like silver, which tend to underperform in a rising rate environment, are likely to face downward pressure. This factor reinforces the bearish bias in XAGUSD for today.
6. Inflation Data in Focus
Later this week, key U.S. inflation data will be released, and while the figures are not out yet, the market is positioning itself in anticipation of potentially lower inflation numbers. If inflation does indeed cool further, it could reduce the demand for silver as an inflation hedge, leading to further declines in XAGUSD.
The market's expectation that inflation is moderating also reduces the urgency to hold silver as a store of value, which historically benefits during times of rising prices. This adds further bearish sentiment for today’s trading session.
Conclusion
In conclusion, XAGUSD is likely to experience a slight bearish bias today , October 15, 2024. Key factors contributing to this outlook include a stronger U.S. dollar, rising Treasury yields, weakened industrial demand from China, and a hawkish stance from the Federal Reserve. From a technical analysis standpoint, silver faces strong resistance at $23.00, with a lack of upward momentum suggesting that prices may continue to decline in the short term. Traders should monitor these developments closely as they navigate today’s market.
For traders and investors, today’s silver outlook highlights the potential for downward movement in XAGUSD, providing an opportunity to capitalize on short positions as the bearish bias plays out.
Keywords for SEO :
XAGUSD forecast,
XAGUSD analysis,
XAGUSD today,
Silver price outlook,
XAGUSD bearish,
Silver market forecast,
Industrial demand for silver,
Federal Reserve impact on silver,
XAGUSD technical analysis,
US Treasury yields effect on silver,
Silver price movement,
Safe-haven assets,
XAGUSD trend 15/10/2024,
XAGUSD prediction,
Silver price prediction 2024,
Precious metals trading,
Silver market news,
Silver price technicals,
Forex market and XAGUSD,
US dollar impact on silver,
XAGUSD bearish bias,
Hawkish Fed and silver,
Silver support and resistance levels,
Silver trading signals,
XAGUSD price trend.
Silver H1 | Potential bearish reversalSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 31.26 which is a pullback resistance that intersects with a descending trendline.
Stop loss is at 31.62 which is a level that sits above a multi-swing-high resistance.
Take profit is at 30.70 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
silver and gold short resultssilver
short
targets 1 2 done
139% lev x 100
27% lev x 20
congratulations followers
gold
short
we got
64% lev x 100
12%le x 20
Bearish drop?XAG/USD has reacted off the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 31.51
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 32.24
Why we like it:
There is a pullback resistance level.
Take profit: 30.35
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Silver on Track to be trading at $38 by Q1 2025 Still on Track to be trading around $38 by Q1 2025
Cherish this dip...
SILVER: Local Correction Ahead! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.48850$
Wish you good luck in trading to you all!
XAGUSD - Short TradeOn the previous week, price swept the previous month high with a great sign of weakness - market structure break.
As a target, I prefer the opposite liquidity level
Excited to see your opinion in the comments, and I'd like if you boost this idea if it was helpful for you!
Keep it simple and consistent!
POTENTIAL AREA TO GO LONG FROM SILVER 1M - As you can see I have gone ahead and marked out an area of Demand I feel will be a good place to buy in, should price retrace back down to this area. The area I have marked is a hidden order block here on the one month TF.
By price trading us down and into this area it is allowing us to get involved in this market at a better price meaning we are able to profit nicely from a new leg to the upside.
The reason I feel price may trade us down and into this area before taking us higher in the market is because there will be a-lot of Demand waiting to be introduced. On top of that Supply will be removed.
Supply will be removed from the market because those shorting will need somewhere to take profit, also the Supply that is sat within this area will also be removed closing positions at break even.
