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.Longby xTomatoUpdated 4
Correction Silver and rebound down. H4 15.11.2024Correction Silver and rebound down 📉 Silver is now forming a correction from the zone from the last analysis , but I believe the overall trend down is not complete. Since a major pattern Repositioning to sell has been made, a correction is forming within the pattern and then rebounding lower. Now the correction is possible to the sellers' zone 31.10-31.56, maybe a little higher is a false move. In terms of rebound down I am oriented to the area of 28.50, but it will be corrected depending on the size of the correction. Gold is also in fall and often silver is pulling the fall. CAPITALCOM:SILVER Shortby KovachTrader3
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 30.97257$ Wish you good luck in trading to you all!Longby XauusdGoldForexSignals111
Don't be shaken out of your silver positionsThis drop has been sudden and significant...lots of bearish sentiment prevails and is all over social media...this is typical of a bottom. Plus when you look at the charts I see s series of 1,2's that have formed which means an explosion is coming...a "beach ball" move is what I am expecting over the next few months...starting this week!!!!Longby ConservativeOne112
[XAGUSD].Silver is reacting to a very strong support price zone.- At the 12Month frame, silver has a higher high and higher low bullish structure. - The current silver price is reacting to a very strong support zone. This price zone is above the weekly MA20 and is also the old resistance area that has been broken in the past. - I think that holding assets during this period is a good thing to do. I chose silver. I have a question for you: Why silver and not gold ? Longby Ngo_Khanh_CFD4
XAGUSD - Silver will continue to rise?!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 current economic data, we can see demand zone and buy within that zone with a suitable risk reward. If the upward trend line is broken and the $30 range is maintained, we can see the continuation of the rise up to the level of $32. Over the past year, silver struggled to keep pace with gold, as gold reached multiple record highs while silver remained below $30 an ounce for a prolonged period. However, according to one analyst, this trend may shift in 2025, with the gold-to-silver ratio expected to moderate from its recent highs. Julian Wee, a market strategist at UBS, commented, “Gold remains a favored asset for portfolio risk hedging against various risks, but the shift from a ‘soft landing’ to ‘no landing’ argues for a balance between a defensive stance and exposure to economic growth. Silver, which has historically shown a high correlation with gold, may benefit more from increased industrial demand.” Wee highlighted that amid rising geopolitical tensions, gold has emerged as a preferred hedge. He noted that gold “has risen 35% this year alone, and demand has remained strong amid numerous risk events and declining global interest rates. At least for this month, gold has asserted itself as a hedge against slower economic growth and rising inflation.” He further remarked that silver, like gold, also exhibits an inverse relationship to risk aversion, thus serving a similar defensive role. “Amid resilient U.S. GDP growth, investors may find it beneficial to add to portfolios that maintain a strong defensive stance while gradually enhancing exposure to stronger economic growth,” he suggested. According to Wee, silver is expected to see increased demand due to its widespread use in sectors like technology and electric vehicles, as well as in LED production, solar panels, and medical applications owing to its antibacterial properties. Industrial demand will likely lead to higher demand for physically-backed ETFs. On the supply side, mine production is anticipated to remain limited in 2025. Jerome Powell, the Federal Reserve Chairman, discussed various factors affecting productivity growth, including the rise of new businesses and workforce mobility. He also noted that automation has contributed to productivity improvements. Powell emphasized that the current monetary policy is restrictive, though the exact degree remains uncertain. He stated that the Federal Reserve has begun the process of rate reductions and is moving towards a neutral rate, underscoring the need for a gradual and careful approach. Powell suggested that slowing the pace of rate cuts could be appropriate if data permits. He mentioned that the current monetary policy is well-positioned, providing space for rate reductions if needed, though a careful approach remains necessary. Powell also referred to the recent Producer Price Index (PPI) reading, which showed a slight increase, but he believes the inflation trajectory remains on the right path. He stressed that monetary policy should neither be overly restrictive nor overly lenient.Longby Ali_PSND2
XAGUSD (Silver) Weekly - Potential High-Probability ReversalOn the weekly chart for XAGUSD (Silver), there are signs of a potential reversal setup contingent on this week’s candle close. Price recently tapped into a high-probability Fair Value Gap (FVG) that had previously broken structure, displacing price higher. A swing low was established above a key high, and this low has since been swept, indicating possible liquidity capture. Price is now interacting with the FVG while taking out this swing low, hinting at a possible reversal. If this week’s candle closes above the FVG and the recent low, we could anticipate a strong push to the upside in the coming weeks, with an initial target around 34.88981, aligning with the next area of buy-side liquidity. Always remember: DYOR (Do Your Own Research).Longby INSIDER_INTEL7
$SILVERHola , its now or never in silver perfect spot to enter imo invalidation is below $29.6 or the last low got a tad excited and added at $32 which is now our level to flip for bullas to take over on the HTF chart this sweep of the blue thick line ( key level ) is just a retest DIxie topped out or in heavy supply zone so matter of time we resume downside for $ and boom boom for metals . looking forward to next week Longby CompoundingGain2
Silver XAG/USD Analysis --- 15.11.2024Bearish Bias: Given the price action below EMAs, BOS, and negative momentum, a further downside move is likely. If the price fails to break above 30.600 (near EMA and resistance), it could retest the 30.000 level or even drop toward the demand zone around 29.800. Shortby CTA_tradesmart0
Sell XAG/USD (Silver) Bearish ChannelThe XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 30.40, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 29.50 2nd Support – 29.10 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you. Shortby KABHI_TA_TRADINGUpdated 112
Silver looks ready to reverse higherThursday's trading in silver saw a brief fall to the 61.8% Fibonacci retracement level. The price then quickly rallied and closed green on the day, forming a fine bull hammer candlestick. The relative strength index dipped as low as 38, indicating a moderately oversold condition. The kneejerk selloff in the metals that followed Trump's election appears to be unwinding, and Silver may be ready to begin it's next leg higher.Longby smartsilverstacker115
Silver - Livermore accumulation cylinder patternThe Livermore accumulation cylinder pattern is a complex trading pattern that has ten peaks. Peaks 8, 9, and 10 are particularly important because they signal the advanced stages of the pattern, where price movements often become more volatile and approach the final phase. Here are some general guidelines on how to identify these peaks: 1. 8th Peak (followed by a drop): The 8th peak usually marks a significant high before a sharp drop. After this drop, the market begins to recover, but the movement tends to be unstable. Look for a rapid price drop followed by a rebound to an short-term support level. 2. 9th Peak (attempt to recover): After the drop from the 8th peak, the 9th peak often represents the market’s last attempt to rally. This is typically a minor bounce where the price tries to return to previous levels, but usually falls short of the 8th peak. This indicates exhaustion and a decrease in buying interest. 3. 10th Peak (final wave and breakdown): The 10th peak usually signals the last strong push upward before the market begins a significant decline. This last peak may fall short of the 8th or even the 9th peak level, or, in rare cases, it may momentarily break above the 8th peak if there’s a slight surge in buying power. When the price starts to drop sharply from the 10th peak, it can indicate the end of the cycle and a larger trend reversal. Identifying Livermore’s pattern requires patience and close observation. Additional tools like volume analysis (to track changes in buying interest) and support levels around previous peaks and troughs can be helpful in confirming these peaks. -- "Livermore used to say: "Whatever happens in the stock market today has happened before and will happen again” Here are some key rules by Jesse Livermore: Markets are never wrong opinions often are. Back your judgment and don't trust your opinion, until the action of the market itself confirms your opinion Few people ever make money on tips, beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket Money is made by sitting, not trading. It takes time to make money. Don't give me timing; give me time Buy right, sit tight. Big movements take time to develop. Men who can both be right and sit tight are uncommon Money cannot consistently be made by trading every day or every week during the year Nothing new ever occurs in the business of speculating or investing in securities and commodities Never average losses The human side of every person is the greatest enemy of the average investor or speculator. Wishful thinking must be banished Jesse Livermore argued that before opening any position, the market must first confirm and support any thesis. The market has to confirm the trade before the full size of the trade is executed. He used to say that ‘Markets are never wrong – opinions often are’. That means we must not trust our own opinions until the price action confirms these opinions. Here are some more tips according to Mr. Livermore: Trade only if there are real opportunities in the market Use price patterns, as historically, the market tends to repeat Don’t overtrade, and don’t trade every day Use pivotal points to trade Follow the trend and run your profits (It takes time to make big money) Don't average down your losses." (Trading Center) “Jesse Livermore Trading Method” Trading Center, Trading Center, 09/11/2024, tradingcenter.org -- Note: I am sharing my thought process on these market moves and adjust my analysis as the market evolves. This is not meant to be followed by others, as I am prone to mistakes like anyone else. Instead, I welcome feedback that can help me question and refine my analysis.Longby kris_tarumUpdated 2218
Overlap resistance ahead?XAG/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 31.00 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 31.57 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Take profit: 29.74 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.Shortby VantageMarkets4
Quiet U.S. calendar provides window for possible silver squeezeA squeeze may be underway in silver with a hammer candle printing on Thursday. Traders took one look at the intersection of uptrend support established in February and horizontal support at $29.66 and baulked, sparking a price reversal often seen around market bottoms. While indictors such as RSI (14) and MACD continue to provide negative signals, favouring a bearish bias, the price signal hints we may see further upside in the near-term. $30.80 is the first topside level of note with the 50-day moving average and $32.18 the next after that. Some traders may want to get long now purely on the price signal, but ensure you use a tight stop given a lack of nearby technical levels to use for protection. Setups with better risk-reward would be to wait for a potential break above $30.80, or a pullback towards uptrend support, allowing for stops to be placed below either level for protection. With a quiet U.S. economic calendar next week, we're unlikely to receive fresh catalysts to push U.S yields and dollar higher. The vacuum creates a window for a countertrend squeeze. A far less dovish Fed rates outlook has already been priced in. Good luck! DSLong03:38by FOREXcom3
SILVER (XAGUSD): Classic Trend ContinuationSilver is presently in a downtrend, moving steadily within a parallel descending channel on the 4-hour chart. After testing the channel’s upper boundary, the price dropped, breaking a strong support level. Now, a retest of this broken level is underway, suggesting that further declines are likely, with target levels at 29.70 and 29.38.Shortby NovaFX235511
XAGUSD | 14.11.2024BUY 29.800 | STOP 28.800 | TAKE 30.800 | According to technical analysis, silver is trading in a long-term uptrend. At the moment, a downward correction is developing, within which it has broken through the level of 30.000. The next sales target is the level of 28.600, if this mark is held by buyers, then growth will resume with targets at the level of 30.400 - 30.800.Longby ProPhiTradeUpdated 0
SILVER (XAGUSD): Classic Trend-Following MovementSilver is currently trading in a downward trend. The price is consistently falling within a parallel falling channel on a 4-hour chart. After testing the upper boundary of the channel, the price dropped and broke a strong support level. Currently, there is a retest of this broken level. It is likely that the price will continue to decline, with targets set at 29.70 and 29.38.Shortby linofx14
SILVER: Long Trade with Entry/SL/TP SILVER - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long SILVER Entry Point - 29.966 Stop Loss - 29.122 Take Profit - 31.489 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals112
$SILVERsurely this has to be close to a bottom Dixie approaching 106 heavy supply flip that and i dunno what to make of it and shall have to do some introspection for now stoch reset and approaching trend line and liquidity / demand area , this is the one to hold . see you at $37 Longby CompoundingGainUpdated 2
SilverXAGUSD ( Silver / U.S Dollar ) Falling Wedge as an Corrective Pattern in Short Time Frame Break of Structure Completed " 12345 " Impulsive Waves Fibonacci Level - 38.20% / 50.00% Change of Characteristicsby ForexDetective3
SILVER: Market Is Looking Down! Sell! Welcome to our daily SILVER prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 29.49206$ Wish you good luck in trading to you all!Shortby XauusdGoldForexSignals112
Buy OpportunitySilver (XAG/USD) Trading Signal Action: Buy Entry Price: 29.19 Take Profit (TP): 32.96 Stop Loss (SL): 28.83 Timeframe: 7 Days Projected Move: +12.83% 🔍 Summary: Silver is showing a potential reversal with strong support at 29.19. Indicators suggest a possible rally towards 32.96 USD/Oz over the coming week. Watch for confirmation from key resistance levels and the Squeeze Momentum Indicator. ⚠️ Disclaimer: This trading signal is based on technical analysis and is for informational purposes only. Please assess your risk tolerance and consult with a financial advisor before executing trades. Longby GODOCM1
Get ready to accumulateOk folks get ready to accumulate some Silver after the touch around 28.85 - 29 Dollars I think it has the potential to go upto 35 again Of course if this breaks the support at that area and go lower i don't know what to say anymore and i'm not responsible for this ideaLongby FX-Crunch6