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_PER_0.01 trade ideas
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_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.
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
SilverStill on the very same idea as yesterday, we got stopped out of the initial trade but getting a better price to work with, lets see how the next few days pan out, i am expecting to be stopped out a number of times due to election volatility but still we keep the same risk as usual, please trade with caution.
*Initial Idea*
The US Federal Reserve’s policy decision, set for Thursday, is capturing market attention. A 25 basis point rate cut is widely anticipated this week, with the CME FedWatch Tool indicating a 99.5% likelihood of this move in November. Such a rate cut could lend support to Silver, as lower interest rates decrease the opportunity cost of holding non-yielding assets.
In addition, expectations for further economic stimulus from China could enhance Silver's demand outlook. The Standing Committee of the National People's Congress (NPC) is convening for a five-day meeting from November 4 to 8, where a stimulus package possibly exceeding 10 trillion yuan may be approved to boost China’s economy. As one of the world’s largest centers for electronics, solar panels, and automotive manufacturing, China’s increased activity could significantly drive up Silver demand.
SILVER_105 2024.11.06 03:43:04 Trading Signal BUYFrankPro Signal for SILVER_105
Type: Screen
Signal: BUY
TP: 32.646
SL: 31.914
Entry Price: 32.097
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Up
ST=Up LT=Up
ST=Up LT=Up
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver spot price in US Dollars) in both the short-term and long-term:
**Short-term (next few days to a week):**
* The technical indicators suggest a strong sell signal, which could lead to a short-term decline in price.
* However, the STOCH and STOCHRSI indicators show that the market is oversold, which could suggest a potential rebound.
* Given the support level of 32.05, if the price holds above this level, a short-term rebound and growth are anticipated.
* Expected price movement: Neutral to slightly bearish in the very short-term, but potentially bullish if the support level holds.
**Long-term (next few weeks to months):**
* The forecast suggests that silver prices could rebound and grow, targeting levels above 35.45, if the support level of 32.05 holds.
* The bullish trend in gold prices and the potential safe-haven demand due to geopolitical uncertainties could support a long-term uptrend in silver prices.
* The economic and industrial demand factors, such as China's potential stimulus measures, could also contribute to a long-term price increase.
* Expected price movement: Bullish, with a potential target price above 35.45.
In summary, while there may be some short-term volatility and potential decline, the long-term outlook for silver prices appears to be bullish, driven by a combination of technical, fundamental, and market factors.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the analysis, here are my predictions for the XAG/USD (silver price) in both the short-term and long-term:
**Short-term (next 24-48 hours):**
The price is expected to **go up**. The technical indicators suggest a bullish trend, and the forecast predicts a rise to around $35.15 in the next 24 hours. The expected rate cut by the US Federal Reserve and potential stimulus measures from China could also support silver prices.
**Long-term (beyond 48 hours):**
The price is also expected to **go up**. The technical analysis suggests a potential upward rebound and continued growth with a target above $35.45. The bullish trend, supported by stronger EUR/USD and gold prices, Middle East tensions, and the overall geopolitical landscape, is likely to continue. Additionally, the potential for higher inflation under a Trump presidency could lead to increased demand for safe-haven assets like silver, further supporting the price.
Overall, the analysis suggests a bullish outlook for silver in both the short-term and long-term, with potential price increases driven by a combination of economic policies, geopolitical factors, and technical indicators.
Result: ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is the expected price movement for the XAG/USD pair:
**Short-term (next few days to a week):**
* The price is expected to go up. The forecast suggests an upward rebound and continued growth with a target above 35.45, supported by a weaker US Dollar and a bullish trend indicated by moving averages.
* A breakout above the resistance area of 33.75 could accelerate this growth.
* However, the US presidential election on November 5, 2024, may cause caution among traders, leading to some volatility.
**Long-term (next few weeks to months):**
* The price is also expected to go up. The approval of China's additional stimulus package could increase demand for silver, supporting the growth scenario.
* The forecast suggests that the silver price may test the support area near 32.05, but this is expected to be followed by an upward rebound.
* A fall and breakout below the 30.75 level would cancel the growth scenario, but this is not the expected outcome based on the current analysis.
Overall, the analysis suggests a bullish trend for the XAG/USD pair in both the short-term and long-term, with some potential volatility in the short-term due to the US presidential election.
Result: ST=Up LT=Up
XAGUSD: Counter-Trend BreakoutXAGUSD (Silver) is breaking to the downside. There's a couple of key things I'm watching for this play:
Price failed to push higher in the uptrend
Price is in process of making a sharp breach, crossing below the trend line
The second floor isn't holding as price is breaching below it
ADR: 89
SL: 80
TP: 180
SILVER_108 2024.11.05 13:52:04 Trading Signal SELLFrankPro Signal for SILVER_108
Type: Screen
Signal: SELL
TP: 31.668
SL: 32.956
Entry Price: 32.795
Analysis for SILVER
Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Up
ST=Up LT=Up
ST=Up LT=Up
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver spot price in US Dollars) in both the short-term and long-term:
**Short-term (next few days to a week):**
* The technical indicators suggest a strong sell signal, which could lead to a short-term decline in price.
* However, the STOCH and STOCHRSI indicators show that the market is oversold, which could suggest a potential rebound.
* Given the support level of 32.05, if the price holds above this level, a short-term rebound and growth are anticipated.
* Expected price movement: Neutral to slightly bearish in the very short-term, but potentially bullish if the support level holds.
**Long-term (next few weeks to months):**
* The forecast suggests that silver prices could rebound and grow, targeting levels above 35.45, if the support level of 32.05 holds.
* The bullish trend in gold prices and the potential safe-haven demand due to geopolitical uncertainties could support a long-term uptrend in silver prices.
* The economic and industrial demand factors, such as China's potential stimulus measures, could also contribute to a long-term price increase.
* Expected price movement: Bullish, with a potential target price above 35.45.
In summary, while there may be some short-term volatility and potential decline, the long-term outlook for silver prices appears to be bullish, driven by a combination of technical, fundamental, and market factors.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the analysis, here are my predictions for the XAG/USD (silver price) in both the short-term and long-term:
**Short-term (next 24-48 hours):**
The price is expected to **go up**. The technical indicators suggest a bullish trend, and the forecast predicts a rise to around $35.15 in the next 24 hours. The expected rate cut by the US Federal Reserve and potential stimulus measures from China could also support silver prices.
**Long-term (beyond 48 hours):**
The price is also expected to **go up**. The technical analysis suggests a potential upward rebound and continued growth with a target above $35.45. The bullish trend, supported by stronger EUR/USD and gold prices, Middle East tensions, and the overall geopolitical landscape, is likely to continue. Additionally, the potential for higher inflation under a Trump presidency could lead to increased demand for safe-haven assets like silver, further supporting the price.
Overall, the analysis suggests a bullish outlook for silver in both the short-term and long-term, with potential price increases driven by a combination of economic policies, geopolitical factors, and technical indicators.
Result: ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is the expected price movement for the XAG/USD pair:
**Short-term (next few days to a week):**
* The price is expected to go up. The forecast suggests an upward rebound and continued growth with a target above 35.45, supported by a weaker US Dollar and a bullish trend indicated by moving averages.
* A breakout above the resistance area of 33.75 could accelerate this growth.
* However, the US presidential election on November 5, 2024, may cause caution among traders, leading to some volatility.
**Long-term (next few weeks to months):**
* The price is also expected to go up. The approval of China's additional stimulus package could increase demand for silver, supporting the growth scenario.
* The forecast suggests that the silver price may test the support area near 32.05, but this is expected to be followed by an upward rebound.
* A fall and breakout below the 30.75 level would cancel the growth scenario, but this is not the expected outcome based on the current analysis.
Overall, the analysis suggests a bullish trend for the XAG/USD pair in both the short-term and long-term, with some potential volatility in the short-term due to the US presidential election.
Result: ST=Up LT=Up
Silver is over priced, buyers are waitingAs per 04 & 01 HR chart analysis, Silver will drop down to 31.800 - 900 levels. Waiting for 1 HR bearish entry candle and 04 HR bollinger bands expansions to show the short-term trend directions.....Good luck!
XAGUSD UpdateSilver has made an ascending trendline which have a 3 touches which means its valid
So now we’re waiting for it break below our last touch so we can enter a short (sell) position\
Follow us for more update
Silver Bearish untill Thursday.As per the technical analysis Silver must retrace to the next take profit target/discounted level (in my case 32.150-200 levels) - This is where the buyers 9the big boys are waiting for a buy position, probably by this Thursday). Currently i'm waiting for a Bearish entry candle on 1HR chart. Good luck!!
SILVER: Local Correction Ahead! 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 32,83200$
Wish you good luck in trading to you all!
Silver XAG/USD Let's take a step back and have a look at bigger picture. I see two scenarios that could play out. The first is a minor retracement back toward $30-$29. The second scenario is where we have a deeper retracement down to $26-$24. In any case, both are opportunities to load up. I believe it won't be there for long.
XAGUSD small gains before the weekend#XAGUSD Goin Long, tarket ist challenge the SMA21. Rettest of the Resistance Level that Brake last Week is comfirmation for the move. Stop Loss under the Support Level. 32.49
Low hanging fruit continuation setup taken with Gold and NASIn this video, I walk you through my entire thought process during today's trading session. You'll learn how I selected the pairs and executed three key trades:
* Silver long scalp
* Gold LHF Short
* NAS LHF short
I'll also provide a detailed explanation of the LHF setup, helping you understand how to apply this strategy in your own trading. LHF is one of my personal A+ playbook setups. Don't miss out on these valuable insights and tips!
Watch Me Make $600,642 Backtesting in 20 MinutesMastering Backtesting with TradingView's Replay Feature: Your Target Practice for Trading Success
In the world of trading, practice makes perfect, and one of the best ways to hone your skills is through backtesting. TradingView’s replay feature serves as an invaluable tool for traders looking to test strategies, refine their skills, and improve their overall performance. Think of it as target practice—a way to simulate real market conditions without the pressure of live trading. This article will delve into how to effectively use the replay feature, challenge yourself, and why practice is essential for every trader.
The Power of Backtesting
Backtesting is the process of testing a trading strategy on historical data to determine its viability. It’s like a dress rehearsal for traders, allowing you to assess how a strategy would have performed in different market conditions. With TradingView’s replay feature, you can step back in time and play out the price movements of any market you choose.
Using TradingView's Replay Feature
Setting Up the Replay Feature:
Open TradingView and select the asset you want to backtest.
On the chart, locate the “Replay” button in the toolbar (usually represented by a play icon).
Click the button and select the date from which you want to start your replay. You can drag the slider to move through the historical data at your own pace.
Simulating Live Trading Conditions:
As the replay plays out, you can apply your trading strategy just as you would in real-time. Take note of price action, support and resistance levels, and your entry and exit points.
Use this opportunity to test different indicators and strategies, adjusting parameters as you see fit.
Documenting Your Trades:
Keep a journal of your trades during the replay. Note what worked, what didn’t, and any adjustments you made. This reflection is crucial for developing your trading skills.
Target Practice: Challenging Yourself
To truly benefit from backtesting with the replay feature, consider implementing challenges that simulate the pressure of live trading. Here are some ways to push yourself:
1. Risk Management Challenges:
Decide on a specific risk amount for each trade—say $1,000. After reaching a target profit, like $15,000, challenge yourself to avoid losing a predetermined amount, such as $2,500.
This mimics real-life scenarios where maintaining profits can be just as challenging as making them. It forces you to practice discipline and stick to your risk management rules.
2. Trade Frequency Goals:
Set a target for the number of trades you want to execute during the replay. For example, aim to make 10 trades in a single session. This encourages you to be decisive and consistent with your strategy.
3. Time Constraints:
Limit yourself to a specific time frame when executing trades. For instance, challenge yourself to make all trades within a 30-minute window during the replay. This helps you practice decision-making under pressure, enhancing your ability to react quickly in real-market situations.
The Importance of Practice for Traders
As traders, we must remember that consistent practice is key to mastery. The replay feature allows you to simulate different scenarios without the risk of real money, giving you the freedom to learn from your mistakes. Here’s why practice is crucial:
Building Confidence:
The more you practice your strategy in a controlled environment, the more confident you’ll become in your abilities. This confidence translates into more decisive actions when trading live.
Identifying Strengths and Weaknesses:
Regularly backtesting enables you to pinpoint areas where your strategy excels and where it falters. This awareness allows you to adapt and evolve your approach over time.
Understanding Market Dynamics:
Each market behaves differently. By practicing across various assets and timeframes, you’ll develop a deeper understanding of market dynamics, helping you make better-informed decisions.
TradingView’s replay feature is a powerful tool for backtesting and honing your trading strategies. By treating this process as target practice, you can simulate real trading scenarios, test your strategies, and build the skills necessary for successful trading. Don’t shy away from challenging yourself with risk management goals, trade frequency targets, and time constraints. Remember, consistent practice is the pathway to mastery, and with the right tools and mindset, you can elevate your trading game to new heights. So dive into that replay feature, test your strategies, and watch your trading skills flourish!
I think this is a good buy zone for SilverHi everyone!
I think this is a pretty good buy zone for CAPITALCOM:SILVER right this moment.
XAGUSD Downside Expected Before Bullish ContinuationHello,
OANDA:XAGUSD is currently poised for further downside, despite a favorable bullish setup for continuation. However, the price has thus far respected the daily support structure. A potential decline toward the 33.143 - 32.677 range may be on the horizon before a bullish continuation, provided these support levels hold firmly.
TradeWithTheTrend3344
Silver Short Term Bearish, Medium BullishI am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
XAGUSD (Silver) still BullishMonthly Chart
The monthly candle is still bullish.
Weekly Chart
Weekly candle closed as indecision candle while the trend is still bullish and we are expecting the price to at least retrace towards the middle of previous IPA (or FVG) candle of previous week and then resume higher. Next Target above 35.15 level.
Daily Chart
We will be looking a bullish structure around 32.47 or slightly lower for a buy entry. Next target around 35.15 level.
Silver vs. Bitcoin - When Patterns emerge naturally When two markets aren't really traded as I have not encountered SILVER-backed token yet with BTC, I wonder how valuable patterns are between them.... let's all see and find-out.
