SILVER BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
Previous week’s red candle means that for us the SILVER pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 31.834.
✅LIKE AND COMMENT MY IDEAS✅
Silver
Silver Option Trader's Next Move: What's Brewing in the Market?We wanted to share some thoughts on silver with you guys.
You know, we've been hunting for insights into this asset for the past few months and sharing the findings of our research and analysis (which, by the way, has been pretty solid - you should check it out).
So, let us explain. The first thing (#1 at the chart) we have here is some data on a specific option called "Butterfly" with an expiration date of July 25 - that's 43 days away from now. This is a pretty standard "Butterfly," so it's not really for insider trading. But the interesting thing is, despite the fact that there are still 43 days until expiration, t he person who owns this option portfolio is closing his positions. In other words, he doesn't expect the price to return to this level in the short or medium term.
And then we have another level shown here (#2 at the chart), at strike price 25.
This strike caught our attention a few weeks back and we've been watching it like a hawk. The drop in open interest at that strike could mean that the downtrend might be over and we're waiting for a bounce, but it hasn't happened yet.
The volume of open interest around strike 25 has stayed the same, even with all the volatility in silver and all the ups and downs in the market.
Bottom line: the market sentiment is still bearish and we haven't seen any signs of a price turnaround yet.
Silver H4 | Overlap support at 50% Fibonacci retracementSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 29.17 which is an overlap support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 27.80 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 30.76 which is an overlap resistance.
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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 BULLS ARE STRONG HERE|LONG
Hello,Friends!
SILVER pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 31.799 area.
✅LIKE AND COMMENT MY IDEAS✅
Silver and Gold | Short-term and long-term targetsOANDA:XAGUSD
OANDA:XAUUSD
The past two weeks' price action suggests that we can expect the correction to continue in June for Silver and Gold. After last week's NFP and unemployment rates, the expectation for rate cuts has been pushed a bit further to the last quarter of 2024 which fueled dollar to maintain its strength. On the other hand, if you take a look at the seasonality of Gold and Silver you will notice that June is usually the month for Gold to rest a bit and for Silver to show some correction.
So, In the short term, I would like to see lower prices on silver and gold and personally, I might add some more to my positions. The following are the areas for Silver and Gold which I consider as discount prices if as a long-term investor.
Silver: $27.5 - $28 is a good discount area for silver. But it doesn't mean it would definitely reach this area. I expect another rally from July with a target of $33.6 to $36.4 area.
Gold: $2190 - $2230 is the area that I believe gold will see in the near future. Then we might see another leg up on gold to hit the $2580 - $2650 area.
Silver Idea - $100/oz by the middle of 2026It's quite simple really. If we are in a precious metals bull market, signaled by the most recent breakout in gold and silver, then this is how i expect the next few years to occur in the silver market.
In order for the price to breakout higher, $30/oz is required to be broken first, then $50/oz as the gold/silver ratio breaks down below the indicated 13 year long red support line.
Assuming the arc indicates an approximate timeframe, based on the pattern I'm seeing in the gold/silver ratio, by the middle of 2026 silver should be circa $100/oz. This would only require $3000/oz gold and a gold/silver ratio of 30.
$BTC looks bearish#btc #bitcoin price didn't cross the major resistance area at 72K and then heavily dumped. Thus, a bearish double top has been formed. Short term bounces may be necessary but the continuation is bearish. In lower time frame, #btcusd is moving in the ascending channel.
By the way #gold and #silver heavily dumped, too. It seems rumors have been sold and the news will arrive.
Not financial advice.
Unveiling the Reasons Behind Last Month's Silver Price Surge Silver, the lustrous metal often overshadowed by its golden counterpart, experienced a remarkable price surge last month. While gold continues to hold a certain allure, it's silver that's been making headlines. Let's delve deeper into the factors that propelled silver to the forefront of the precious metals market.
A Tale of Two Forces: Supply and Demand
The price of any commodity is a delicate balance between supply and demand. In the case of silver, both sides of the equation have played a role in the recent price hike.
On the Demand Side: A Silver Lining
• Industrial Applications Take Center Stage: Silver's industrial applications have been steadily growing, particularly in the green energy sector. Solar panels are a prime example, as silver is a crucial component in their conductive layers. As the world transitions towards renewable energy sources, the demand for silver is expected to rise proportionally.
• A Reliable Ally in Electronics: Beyond solar, silver is a vital element in a vast array of electronic devices. From smartphones and laptops to medical equipment, its conductive properties make it irreplaceable. The ever-increasing reliance on technology further fuels the demand for silver.
• Investment Haven: Investors often turn to precious metals like silver as a hedge against inflation. When traditional currencies lose purchasing power, silver's perceived value can rise, attracting investors seeking a safe haven for their assets.
Supply Under Pressure:
• Mining Challenges: Silver is often mined as a byproduct of other metals, primarily lead and zinc. Fluctuations in the production of these base metals can indirectly impact silver supply. Additionally, stricter environmental regulations can make silver mining more complex and expensive.
• Geopolitical Uncertainty: Global political instability can disrupt supply chains, impacting the flow of silver from major mining regions. This uncertainty adds another layer of complexity to the silver market.
The Perfect Storm: When Demand Outpaces Supply
The confluence of these factors – rising demand from various sectors and potential constraints on supply – has created a situation where demand is outpacing supply. This imbalance is a key driver behind the recent surge in silver prices.
China's Silver Appetite: A Force to Be Reckoned With
China deserves a special mention in the silver story. The world's second-largest economy is a major consumer of silver, with its demand playing a significant role in influencing global prices. China's booming industrial sector and growing investment in renewable energy further amplify its impact on the silver market.
Looking Ahead: A Silver Future?
The future of silver prices remains uncertain. Several factors, including global economic conditions, technological advancements, and geopolitical developments, will influence its trajectory. However, the current trends suggest that silver's industrial importance and potential as an inflation hedge will continue to drive demand.
Beyond the Bling: Silver's True Value
While silver's shiny exterior has always held aesthetic appeal, its true value lies in its versatility. From adorning our bodies to powering our technological advancements, silver is an essential element in the modern world. The recent price surge highlights the growing recognition of this multifaceted metal. Whether silver maintains its upward climb or experiences a correction, its role in the global market is undeniable. So, the next time you see a piece of silver jewelry, remember – it's not just about aesthetics; it's a testament to the vital role this metal plays in our world.
Double Top in Gold That Strangely is Correlated with NividiaDid you know gold and Nividia have an 81% correlation? That's strange. (chart in comments)
I see a double top in gold.
TTM Squeeze firing on weekly, daily, 4 hourly and it's a continuation of a squeeze on the hourly. TTM Squeeze's usually bounce off the opposite side when it breaks/fakes out. Outside an exogenous event I see pm's taking the summer off and reawakening in the fall when the dollar tops out after the BOJ sells US treasuries after China devalues their currency after the dollar spikes when Europe cuts rates soon. It's going to be an epic chain reaction.
The FED will cut rates heading into the election and if Trump wins he'll ride the last meme wave until it crashes and reinstitute a gold standard, or if Biden wins we get CBDC's.
I'll be looking for low IV OTM calls in the fall after the FED cuts rates...
XAGUSD. Weekly trading levels 3 - 7.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
Silver Surges to $30.25 Amid Speculation of Fed Rate CutsDuring Thursday’s London session, silver has surged to $30.25, bolstered by robust buying interest. This momentum is largely driven by the normalization of US labor market conditions, which have heightened expectations that the Federal Reserve (Fed) may begin cutting interest rates in its September meeting.
According to the CME FedWatch tool, there is now a 68% probability of a rate cut in September, a significant increase from the 47% chance recorded just a week earlier. This shift in expectations has put substantial pressure on US bond yields. Although 10-year US Treasury yields have inched up to around 4.29%, they remain significantly lower than the weekly high of 4.64%. Lower yields on interest-bearing assets diminish the opportunity cost of holding non-yielding assets such as silver, making them more attractive.
Technical Analysis
From a technical perspective, silver's price action indicates a divergence on the H4 chart following a rebound from a key support level. This suggests the potential for a new bullish impulse.
Combining these fundamental and technical insights, the outlook for silver remains positive, with further gains likely in the near term.
SILVER On The Rise! BUY!
My dear subscribers,
This is my opinion on the SILVER next move:
The instrument tests an important psychological level 30.4065
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 31.0378
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
SILVER Will Go Up From Support! Buy!
Take a look at our analysis for SILVER.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 29.778.
Considering the today's price action, probabilities will be high to see a movement to 31.980.
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 BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are targeting the 30.913 level area with our long trade on SILVER which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
Silver Trading Update for JuneCurrent Situation
The initial short position entry at $30.52742 has been activated as the price has reached our first entry level. This position aligns with our overall bearish outlook for silver in June, based on seasonality, COT index insights, and technical analysis.
Active Trading Plan A
Current Position:
Entry: Sell at $30.52742
Stop Loss: $30.93491 + Spread
Take Profit: $26.82082
This position aims to capitalize on the anticipated pullback to a daily demand level, driven by seasonal weakness and bearish sentiment from smart money.
Standby Trading Plan B
Scenario: Price moves higher, providing a better entry point for a short position.
Entry: Sell at $31.25125
Stop Loss: $31.80 + Spread
Take Profit: $26.82082
Plan B remains on standby and will be activated if the price reaches the higher entry level, offering a favorable risk-to-reward ratio for another short position.
Key Factors to Watch
Seasonality: June's historically weak performance for silver.
COT Index: Bearish positioning with a 1-year rolling score of 3.8% and a 3-year score of 2.3%.
Technical Signals: Higher time frame break of structure, buy-side liquidity taken, and H4 imbalances.
Next Steps 🕰️
With Plan A now active, we will monitor the market closely. Patience and discipline are crucial as we wait for the trade to unfold. Our stop loss is in place to manage risk, and our take profit level aims to capture significant gains if the anticipated pullback occurs.
Conclusion 🧩
The activation of Plan A is a strategic move based on thorough analysis and disciplined trading principles. The bearish sentiment from smart money, combined with seasonal weakness and technical indicators, supports our short position strategy. We will continue to watch the market and adjust our plans as necessary, always prioritizing disciplined risk management.
🚀 Happy trading and may the markets be in your favor!
Silver Trading Update for June Current Situation
The initial short position entry at $31.24 has not been triggered as the price has evaded the order thus far. Instead of chasing forced entries, a more disciplined approach involves waiting for the price to come to us. Based on the latest market movements and technical analysis, two updated trading plans have been mapped out to capitalize on potential pullbacks in silver.
Trading Plan A
Scenario: Price reaches the first entry level.
Entry: Sell at $30.52742
Stop Loss: $30.93491 + Spread
Take Profit: $26.82082
This plan aligns with the higher time frame structure and anticipates a pullback to a daily demand level.
Trading Plan B
Scenario: Price reaches the second entry level.
Entry: Sell at $31.25125
Stop Loss: $31.80 + Spread
Take Profit: $26.82082
This plan provides an alternative entry level at a higher price point, offering a favorable risk-to-reward ratio if the market moves higher before reversing.
Waiting for Confirmation 🕰️
Patience is key in trading. By waiting for the price to reach our mapped-out levels, we avoid the pitfalls of chasing the market and ensure we enter trades with a higher probability of success. Both trading plans are designed to take advantage of the expected pullback based on seasonality, COT index insights, and technical signals.
Key Factors to Watch
Seasonality: June's historically weak performance for silver.
COT Index: Bearish positioning with a 1-year rolling score of 3.8% and a 3-year score of 2.3%.
Technical Signals: Higher time frame break of structure, buy-side liquidity taken, and H4 imbalances.
Conclusion 🧩
By sticking to our updated trading plans and waiting for the price to come to our predefined levels, we maintain a disciplined approach that increases our chances of success. The bearish sentiment from smart money, combined with seasonal weakness and technical indicators, supports our short position strategy. Stay patient, watch for the key levels, and be ready to execute the trades when the market presents the opportunity.
🚀 Happy trading and may the markets be in your favor!
Silver H4 | Potential bullish bounceSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 29.17 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 27.80 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 30.76 which is an overlap resistance.
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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 (XAGUSD): Important Breakout
I see a confirmed structure breakout on Silver.
The price broke and closed below a key daily support cluster.
Retesting the broken structure, we see a positive bearish reaction to that.
I think that the fall will continue.
Next support - 29.1
❤️Please, support my work with like, thank you!❤️
$XAGUSD Bearish to $26I think generally metal prices are having a pullback at the moment including $XAUUSD. Silver on the weekly timeframe has a support zone @25-26 and if that wont hold then there is a chance to hit 21-22{Least likely though}
Entry now
29.500
SL 30.100
TP1 27.500
TP2 26.100
Alternatively upto 22.
Timeframe : weeks to months