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Silver / U.S. Dollar

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XAGUSD trade ideas

Decade long structure emerging on the Silver chartIt is interesting to study the Production/Accumulation/Distribution/Industrial Demand as well. Silver seems to hit a breaching point where physical prices have a premium about +45% for buying it and +20% for selling pure silver bullion coins. Troy oz./oz. is about 1.10, which should reflect a recomended trading price of 25.4$ per troy oune. Anybody able to buy at these prices? Another interesting peak that was reached lately is the Gold/Silver Ratio reaching +104 lvl's, an increadable bias for gold if you look at the ratio that existed about 100 years ago, which is 10. . In less then 6 months time this ratio is today +70. This is a technical indicator for a strong bear legg starting a decade long correction for the multi decade long bull market in favour of Gold. This is the first leg down, and there is a lot of space for continued correction, bringing the price to a 'recommended equilibrium'. Platinum as wel is comming back from an all time low Platinum to gold ratio 0.39 to the 0.6. Interestingly the platinum price is not having a ticker as far as I now that goes back for 100 years, which is the scale that the trend is carrying apparently for multiple precious metals. Chemistry table books presenting value of the pure element refer to a rule of tumb for pricing, that refered to the relative abundance of those elements before the 80's, here the Platinum over Gold ratio is documented to be 2x over multiple years, presumingly a good rule of tumb ratio of price to handle as historical mean. It's becoming clear that there is some mechanism (or a superposition of multiple mechanisms) enables the overrepresentation of 'exchangeble silver tickets'. And it is difficult to find trustworthy data on the abundance of each element to date. Especially yearly mining reports giving estimeates that are discripant over 10 years, look at a mining report in 1992,2002;2012,2022 and the quality of these estimates seem to be worthless for what the physical reality could represent. Still in search for a good dataset, one could do a basic maximum physical element estimate by taking the continental crust elementary abundance calculation on the earth being a perfect sphere, having about 40% continental crust on it's surface, the maximal depth of a mine is one in south-africa, reaching 4km deep, however the mean depth of a mine will like be less than a km deep. you could go further and eliminate regions that are definetly not minable or mined (sahara, himalaya mountains, ..) but this is in my opinion the best approach to find the global maxima for the elements that are available on our beatiful planet.
TVC:SILVERLong
by joachim.snellings
35
Incoming 30-40% crash for Silver to $20Forecast for 2025 On the above monthly chart price action has rallied an astonishing 140% since the lows of March 2020. A number of reasons now exist for a bearish outlook. Very bearish. They include: 1) Price action and RSI support breakouts. 2) Regular negative divergence. The time length used is the same as the positive divergence. 3) The Cup and Handle projection has achieved the forecast target. 4) The rising wedge breakout. The wedge allows a forecast to be made using the top and lower touch points for a 35% correction to $20. Is it possible Silver continues to rally? Sure. Is it probable? No. Ww
TVC:SILVERShort
by without_worries
25
XAGUSD - Silver will return to its upward trend?!Silver is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the trend line breaks and continues to decline, we can see the demand zone and buy within that zone with the appropriate risk reward. Stabilization of silver above the resistance area will provide us with the path for silver to rise to the supply range. The CIBC bank forecasts that silver prices will average around $35 per ounce in 2025, maintaining this level through 2026. By 2027, prices may slightly decline, averaging $34.50 per ounce. Analysts at the bank expressed a bullish outlook on gold and silver markets, citing preparations by global markets to deal with the unpredictable policies of Trump’s administration. Last month, the president-elect threatened to impose a 25% tariff on imports from Mexico and Canada if they fail to tighten border controls. Additionally, he warned over the weekend that a 100% tariff might be applied to the BRICS bloc if they develop a settlement currency to bypass the U.S. dollar. Analysts stated, “We anticipate that higher tariffs, the potential for trade wars, lower interest rates, and deregulation will all support rising gold and silver prices.” They added, “We believe that Trump’s tariff policies could provoke retaliatory measures against U.S. exports, thereby fueling inflationary pressures.” Performance of Gold and Silver in 2024: • Gold has surged by 29% this year. Following a 3.4% increase in October and a 5.2% gain in September, gold prices declined by 2.5% in November. • Silver also rose by 29% in 2024. However, after advancing 4.3% in October and 7.9% in September, silver prices fell by 5.2% in November. Throughout 2024, gold has repeatedly hit record highs, breaking price ceilings 39 times. However, silver has yet to return to its previous bull market peak of $50 per ounce. While this may be disappointing for silver enthusiasts, historical trends suggest that silver often lags behind gold during bullish cycles, only to later outpace gold explosively. This lag presents an excellent opportunity for investors looking to capitalize on potential gains in this market. Meanwhile, the market’s primary focus remains on the release of today’s Non-Farm Payroll (NFP) report and potential signals from Federal Reserve officials ahead of the central bank’s communication blackout, starting at midnight on Friday. The most significant signal so far has come from Christopher Waller, a Federal Reserve Board member. Waller expressed willingness to support a rate cut in December, but noted that this decision depends on forthcoming economic data. He specifically highlighted the NFP report as one of five key indicators under consideration but cautioned that these figures might be distorted by factors such as October’s strikes, post-storm economic activity, and the upcoming elections. Currently, markets estimate a 70% probability of the Federal Reserve cutting interest rates at its December 18 meeting. This likelihood has dipped slightly from 75% earlier this week but has remained unchanged since Monday. In addition to the NFP report, scheduled speeches from several Federal Reserve officials—including Bowman, Goolsbee, Harker, and Daly—are planned for Friday.
OANDA:XAGUSDLong
by Ali_PSND
Silver's Next Big Move: A High-Probability Trade to $34.88!This trade is based on a clean 4-hour FVG (Fair Value Gap) setup. The FVG displaced above a short-term high, confirming a bullish structure shift, and subsequently retraced into a high-probability FVG. This type of retracement often offers strong entries with minimal risk while aligning with the higher timeframe directional bias. Key Levels to Watch: - Entry Zone: Within the retraced 4-hour FVG. - Immediate Target: HTF (Higher Timeframe) buyside liquidity at 34.88981. - Stop Loss: Positioned below the 4-hour FVG to protect against invalidation of the setup. Conclusion: This setup leverages a textbook ICT concept, utilizing displacement and retracement into a high-probability zone. If the price continues respecting the FVG and bullish structure, the HTF buyside liquidity target at 34.88981 becomes highly achievable. DYOR (Do Your Own Research)!
OANDA:XAGUSDLong
by INSIDER_INTEL
TradeCityPro | XAGUSD Analysis Ready to Move👋 Welcome to the TradeCityPro channel! Let’s step away from the crypto market and Bitcoin's ATHs for a moment to take a closer look at Silver (XAGUSD). We'll analyze this chart technically and identify potential triggers for entry. 🌟 XAG Fundamentals Silver (XAG) is one of the most versatile and historically significant commodities, valued both as a store of wealth and for its industrial applications. Understanding its fundamentals helps in Mining Production: Major silver-producing countries include Mexico, China, Peru, and Russia. Any disruptions, such as strikes or environmental policies, directly impact supply. Industrial Demand: Around 50% of silver's demand comes from industrial applications, such as electronics, solar panels, medical devices, and batteries. Investment Demand: Silver is often seen as a hedge against inflation and is regarded as a "safe-haven asset" during periods of economic uncertainty. Silver-Gold Ratio: Silver typically follows gold but tends to show higher volatility. A rising silver-to-gold ratio signals that silver is undervalued relative to gold, and vice versa. Silver is a more affordable option for investors who want exposure to precious metals but cannot afford gold. ⏳ 4-Hour Time Frame On the 4-hour chart, we see that the movements are clean and logical, making it easy to identify support and resistance levels. Most price actions have been steady, without unnecessary fluctuations, making this chart suitable for identifying trading opportunities. 📈 Long Position Trigger We are currently trading in a box between 29.79 and 31.38, with the price at the upper boundary. A breakout above 31.38 would signal an opportunity for a long position, with the target set at 32.32. 📉 Short Position Trigger If the 31.38 resistance proves to be a fake breakout, a short position could be considered after a break below 30.76, or after a consolidation period that weakens buyers’ momentum. Additionally, if the price breaks below 29.79, it would provide another opportunity for a short position. By carefully observing these levels and market behavior, you can find suitable trading setups while managing your risk effectively. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
FOREXCOM:XAGUSDLong
by tradecitypro
4
Elliott Wave View in Silver (XAGUSD) Favors the Metal Going HighShort Term Elliott Wave in Silver (XAGUSD) shows that the metal ended wave ((4)) at 29.63. The metal has turned higher in wave ((5)). The structure of the rally is unfolding as a 5 waves Elliott Wave impulse structure. Up from wave ((4)) low on 11.28.2024, wave (i) ended at 30.29 and wave (ii) dips ended at 30.17. Wave (iii) higher ended at 30.75 and pullback in wave (iv) ended at 30.56. Final leg wave (v) higher ended at 30.89. This completed wave ((i)) in higher degree. Pullback in wave ((ii)) ended at 30.04 with internal subdivision as a zigzag. Down from wave ((i)), wave (a) ended at 30.5 and wave (b) ended at 30.73. Wave (c) lower ended at 30.04 which completed wave ((ii)). The metal has resumed higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 30.67 and wave (ii) pullback ended at 30.3. Wave (iii) higher ended at 31.07 and pullback in wave (iv) ended at 30.7. Final leg wave (v) ended at 31.13 which completed wave ((iii)). Pullback in wave ((iv)) ended at 30.44 and final wave ((v)) higher ended at 31.47. This should complete wave 1 in higher degree. Pullback in wave 2 is now in progress to correct cycle from 11.28.2024 low in 3, 7, 11 swing before the metal resumes higher again.
FX_IDC:XAGUSD
by Elliottwave-Forecast
3
Silver Wave Analysis 4 December 2024 - Silver reversed from round support level 30.00 - Likely to rise to resistance level 32.00 Silver recently reversed up from the round support level 30.00, which has stopped all previous downward corrections from September. The support level 30.00 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the sharp upward impulse from August. Given the clear daily uptrend, Silver can be expected to rise further to the next resistance level 32.00, former top of the minor correction from the start of November.
FX_IDC:XAGUSDLong
by FxProGlobal
Potential bullish rise?XAG/USD has reacted off the support level which is an overlap support and could rise from this level to our take profit. Entry: 30.68 Why we like it: There is an overlap support level. Stop loss: 30.056 Why we like it: There is a pullback support level. Take profit: 32.02 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. 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.
VANTAGE:XAGUSDLong
by VantageMarkets
Silver shaping for bullish move?Hi guys, Silver has consolidated after digesting gains from its last run up. Price has formed a double bottom on daily chart at precisely the 61.8 fib level from its most recent high to daily support. The right hand side of the double bottom is now looking like an inverse head and shoulders pattern on 4hr or 1 hour time frame with a break of the neckline. Price is currently retesting the neckline level where buy setups may appear on lower time frames. Safe Trading all
OANDA:XAGUSD
by elyask120
Silver double bottomSilver is a heartbreaker if it doesn’t play my game. On a slightly larger scale, I see a potential head and shoulders pattern forming on the Silver chart, indicating a possible downward direction. However, I also observe a double bottom pattern, where both bottoms have formed inverse head and shoulders patterns. If this “W” shape breaks upward, my target would be the 0.618 Fibonacci retracement level at 32.85. On a larger scale, this upward move could potentially develop into wave “B” of an ABC correction pattern.
TVC:SILVERLong
by kris_tarum
XAGUSD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower. But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure. We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower). Your success is determined solely by your ability to consistently follow the same principles.
FX:XAGUSDShort
by Maks_Klimenko
Silver Sell IdeaXAG/USD - Sell Limit Opportunity Following Liquidity Sweep Silver (XAG/USD) has recently tapped into a key liquidity zone, creating an ideal setup for a potential reversal. The price action indicates that the market may face resistance at higher levels, offering a strategic sell limit opportunity. Key Observations: Liquidity Zone: Price has swept above a critical resistance level, trapping buyers and clearing stop-losses. Market Structure: Bearish rejection candles and weakening upward momentum suggest a potential downturn. Optimal Entry: A sell limit positioned at specific price level aligns with the identified resistance and liquidity grab. Trade Plan: Entry: Sell limit at specific level, anticipating a reversal from the liquidity zone. Stop Loss: Set above the liquidity sweep to account for volatility. Take Profit: Targeting support levels at specific levels, ensuring a solid risk-reward ratio. Risk Management: This trade capitalizes on market inefficiencies, but proper position sizing and a disciplined approach are critical. Monitor for confirmation of bearish sentiment before committing fully.
OANDA:XAGUSDLong
by Vusizwe_Capital