Get started
Silver / U.S. Dollar (per 0.01)Silver / U.S. Dollar (per 0.01)Silver / U.S. Dollar (per 0.01)

Silver / U.S. Dollar (per 0.01)

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

XAGUSD_PER_0.01 trade ideas

SILVER Will Go Lower From Resistance! Sell! Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 26.933. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 24.948 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
FOREXCOM:XAGUSDShort
by SignalProvider
1
Silver has a strong bearish momentum, could it fall further?The price is rising towards the resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 27.68 Why we like it: There is a pullback resistance that is slightly above the 38.2% Fibonacci retracement. Stop loss: 28.16 Why we like it: There is a pullback resistance level which is slightly above the 61.8% Fibonacci retracement. Take profit: 26.86 Why we like it: There is a pullback support level. 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.
VANTAGE:XAGUSDShort
by VantageMarkets
Silver Faces Increasing Pressure: Cautious SentimentSLO2 @ 31.77 📉 SLO1 @ 30.28 📉 TP1 @ 27.43 TP2 @ 25.03 TP3 @ 23.27 TP4 @ 20.55 BLO1 @ 19.89 ⏳ BLO2 @ 18.30⏳ SL @ 17.55 🚫 🔑 BLO = BUY LIMIT ORDER SLO = SELL LIMIT ORDER TP = TAKE PROFIT SL = STOP LOSS 📉 = Order Triggered ⏳ = Order Pending SUMMARY The current market sentiment and technical indicators suggest that the silver downtrend may continue. Nevertheless, the current circumstances are subject to change, so it is advisable for traders to proceed with caution and carefully observe any updates in the market. FUNDAMENTAL The price of silver has pulled back to around $28 per ounce, reversing its recent gains due to concerns about a potential recession and a general increase in risk aversion. Concerns about a potential economic downturn have been heightened by the US economy's weaker-than-expected job growth in July. As a result, investors are now looking for safe-haven assets. TECHNICAL Despite the anticipation of significant interest rate cuts by the Federal Reserve, the general market sentiment remains pessimistic for silver. Based on the technical indicators, it appears that the downtrend may continue, as the short-term moving averages are currently positioned below the longer-term averages. Nevertheless, it is crucial to take into account the conflicting signals from various technical tools and closely observe fundamental developments before finalizing any trading decisions. FUTURES In addition, the recent decrease in delivery volume in the Comex silver futures market suggests a decrease in physical demand. Although this data point is worth considering, it is important to analyze it in the larger market context in order to make meaningful conclusions about the price trajectory of XAGUSD.
OANDA:XAGUSDShort
by ProfessorCEWard