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Xagusdlong

Why do we ignore Silver?Gold has always been attractive to forex traders and the last few weeks were no exception. Silver, on the other hand, usually does not get the attention it deserves. I would suggest that silver come on your watch list now, since gold is at/near all time highs. There is a lot of room to the upside in XAGUSD. I can see a nice setup developing on the H1. If you like my analysis, please give it a "thumbs up" and follow me to get immediate notification of my trade ideas. As always, please use sound money and risk management in all your trades.
OANDA:XAGUSDLong
by Trading_Vista
Silver - Triangle gameI'm watching silver for weeks now . It's in a triangle and it seems it's finally breaking out today. The precious metal intermediate cycle is getting mature but I still think silver is not done yet. If I'm right we are going to have those 1$ up days in the following 2 weeks what we had last summer. The question is if we can break through the multi-month-blue-trendline on the daily as we are breaking out of the triangle. If we do the rally can produce a 3-4$ rally up to 22$ in a very short period of time (5-10 days) : I'm also watching the XAUXAG ratio: The bear flag on the above chart is breaking down. It means silver will rally much more violently at the end of this precious metal intermediate cycle than gold. I will use a stop if price turns back and breaks below the triangle. Important : JP Morgan can hit this anytime to turn back down producing a bull trap. If we can't hold the breakout and reverse you will have to stop this out. Banks are hungry for your money. They've lost a lot during the pandemia.
OANDA:XAGUSDLong
by chartwatchers
13
XAGUSD. Silver will grow further!Hello dear subscribers! The price of gold and silver performed well during the crisis. The fall was strong, however, in a short period of time, valuable metals were able to quickly recover after a large fall. The price of these resources will rise even at least to the level of resistance, there is a target. Good luck to you! If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
OANDA:XAGUSDLong
by UnknownUnicorn6402893
2
Time to buy Silver?This isn't another altcoin - it's a silver precious metal. Why have I decided to present this chart? I intend to buy physical metals in the run-up to the global financial crisis. In times of instability, investors seek refuge for their investments and precious metals are generally a safe haven. I think in the next crisis, investors will choose this asset as well. It's important to note that after the dot-com bubble, investors began to invest more and more actively in silver, and it's in the crisis of 2007-2008 that it's their protective asset that grew in price until 2011 and made + 800% and it lasted until it became clear that the stock markets had recovered and continued to grow. However, what do we see now? Silver looks like a standard altcoin, after the fall we form a triangle pattern and I think we'll reach the support, horizontal line after that we can touch the main support zone near $8 per ounce. The same chart as Bitcoin when it fell from $6000 to $3000. But there is an assumption that we've already broken the support line during the Covid-19 pandemic. During a critical stage of a crisis, when stock markets will fall, at this moment silver will also fall but recover faster than stock markets. We can see an example of a repetition of this assumption on the example of a coronavirus. We are moving towards digitalization, tokenization, and I won't be amazed if in the future some kind of currency 100% backed by gold or silver appears. Therefore, having a supplied asset, like silver, will be reasonable. Especially if we talk about financial markets where people trade derivative assets ( futures, derivatives, options, etc.) for metals, I can say it with 100% confidence that all these derivatives aren't backed by real metals, and when the time comes to boost the price of silver or gold, then these arguments will necessarily be used by metal holders, by publishing it in the media and causing demand for physical metals. For those who think they can buy silver at a 50% discount. As we see in our example, during the period of "Covid-19 Crisis" states prohibited the sale of physical gold to individuals. Most likely while this period, the price on the chart will be underestimated, but you won't be able to buy because there will be no supply. Wherefore, my advice is to diversify risks. Best regards EXCAVO
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by EXCAVO
25