XAGUSD trade ideas
Strong cash inflow - SilverGiven the increase in metals and the stability of silver prices, silver can be considered a very good option for a 6-month investment. In this analysis, it is necessary to mention the past increase in silver, and since the volume of this increase was very large, it is likely that this upward trend will continue in this analysis.
Sasha Charkhchian
Silver- Rise above 33After dipping below the 31.70 support level twice, silver managed to recover and is now testing the key 32.30 resistance zone again.
Given the chart structure and price action over the past 48 hours, I believe an upside breakout is likely, with the potential for acceleration above 33.
In conclusion, my strategy is to buy on dips, with invalidation set below the recent spike low.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Silver at $32.90, Asian Demand Fuels RiseSilver jumped to $32.90 on Friday morning, fueled by increased demand for safe-haven assets amid rising trade tensions and geopolitical risks. Additionally, strong demand from China and other Asian markets has further supported silver prices.
From a technical perspective, $33.15 is the first resistance level, with further targets at $33.80 and $34.50 if the price breaks higher. On the downside, $31.40 serves as the first support level, followed by $30.90 and $30.20 if selling pressure intensifies.
Silver UpdateHow are you my friends?
This chart I talked about before at 29 and that the decline does not mean a collapse
This is the result of my words and as I saw them I was with you in the decline and then the rise again
I also talked a lot about the general trend being upward in the long term at least 33 and above to 37 and this is not for the speculator!
We will talk soon about any interesting movements
Silver updateHow are you my friends
Last time we updated silver around entry points from 29,700 and 28,600 areas
And the points are as you see in the chart as targets
And today we see a very good rise with the rise of gold
We will monitor and update again but we must be careful of the decline of gold which poses a risk to silver as well with a sharp decline
But any decline does not mean a collapse, but on the contrary it will be a new and good buying opportunity
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however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at 32.0000 (swing Trade) Using the 1H period, the recent / nearest low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 34.2000 (or) Escape Before the Target
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📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
XAG/USD "SILVER" Metal Market is currently experiencing a bullish trend,., driven by several key factors.
🟡Fundamental Analysis
Silver's current price is 32.8000, with a 1.15% increase. The metal's price is influenced by:
Supply and Demand: Silver's supply is expected to increase in 2025, while demand is expected to remain stable.
Geopolitical Tensions: Ongoing tensions between the US and China, as well as the conflict in Ukraine, are supporting Silver's safe-haven status.
Economic Trends: A stronger US dollar and higher interest rates could impact Silver prices negatively.
Inflation: Rising inflation expectations are supporting Silver's price, as it is seen as a hedge against inflation.
Industrial Demand: Silver's industrial demand is expected to increase in 2025, driven by growth in the solar and electronics industries.
🟢Macroeconomic Analysis
Global Economic Trends: The global economy is expected to grow at a moderate pace in 2025, driven by a recovery in trade and investment
Interest Rates: Central banks are expected to keep interest rates low in 2025, supporting precious metal prices
Currency Markets: A weaker US dollar is supporting silver prices
🔴COT (Commitment of Traders) Analysis
Net Long Positions: Institutional traders have increased their net long positions in silver to 65%
COT Ratio: The COT ratio has risen to 2.5, indicating a bullish trend
🟤Sentimental Market Analysis
The market sentiment for Silver is currently mixed. Some analysts predict a bullish trend, citing the metal's safe-haven status and ongoing geopolitical tensions. Others predict a bearish trend, citing the potential for a price correction.
🟣Positioning
Institutional traders are currently holding long positions in Silver, while hedge funds are holding short positions. Corporate traders are also bullish on Silver, citing its safe-haven status.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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Will increasing inflation accelerate XAGUSD price more?
With the looming threat of an inflation rebound, demand for both gold and silver is skyrocketing, propelling the prices up. The Trump administration's continued threat of tariffs, along with the US CPI rising to 3.0% YoY (prev. 2.9%, cons. 2.9%) in Jan, has increased demand for inflation hedges. Meanwhile, rising pressure on gold prices, which have reached all-time highs, may drive additional capital flows into XAGUSD. Furthermore, ongoing uncertainty in trade dynamics is poised to bolster silver prices further.
XAGUSD sustains its uptrend, testing the resistance at 32.50. Both EMAs widen the gap, expanding their bullish momentum. If XAGUSD breaches above 32.50, the price could gain upward momentum toward the next resistance at 33.50. Conversely, if XAGUSD breaks below EMA21, the price may fall further to the support at 31.00.
Elliott Wave View: Silver (XAGUSD) Looking for the Next Leg HighShort term Elliott Wave in Silver (XAGUSD) suggests rally from 12.19.2024 low unfolded as a 5 waves with extension (nest). Up from 12.19.2024 low, wave (1) ended at 30.972 and pullback in wave (2) ended at 29.68. The metal has resumed higher in wave (3). Up from wave (2), wave ((i)) ended at 31.73 and pullback in wave ((ii)) ended at 30.64. The metal resumed higher in wave ((iii)) towards 32.55 and pullback in wave ((iv)) ended at 31.72. Final leg wave ((v)) ended at 32.64 which completed wave 1.
Pullback in wave 2 unfolded as a zigzag Elliott Wave structure. Down from wave 1, wave ((a)) ended at 31.6 and wave ((b)) ended at 32.33. Wave ((c)) lower ended at 31.22 which completed wave 2 in higher degree. The metal has turned higher. Up from wave 2, wave ((i)) ended at 31.95 and pullback in wave ((ii)) ended at 31.48. Up from there, wave (i) ended at 32.39 and pullback in wave (ii) ended at 31.97. Near term, as far as pivot at 29.67 low stays intact, expect dips to find support in 3, 7, 11 swing for more upside.
XAGUSD - still wait for a new higher highHello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
Silver bullish flag continuation pattern formingThe Silver (XAGUSD) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The price action creates a sequence of higher highs and higher lows. The recent consolidation appears to be forming a bullish flag continuation pattern.
The key trading level is at 3171, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 3171 level could target the upside resistance at 3274 followed by the 3308 and 3340 levels over the longer timeframe.
Alternatively, a confirmed loss of 3171 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 3125 support level followed by 3076.
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Silver Prices Soar on Electrification DemandSilver rose above $32 per ounce, nearing a three-month high with high demand in the electrification sector, offsetting concerns over a hawkish Fed. The US ISM manufacturing PMI's unexpected rebound improved the manufacturing outlook, while China, India, and Indonesia encouraged investments in solar and wind power. Meanwhile, the US inflation data reduced expectations for lower Fed borrowing costs, increasing the opportunity cost of holding precious metals.
The first resistance level will be 32.50 level. In case of this level’s breach, the next levels to watch would be 33.00 and 33.50. On the downside, 31.40 will be the first support level. 30.90 and 30.20 are the next levels to observe if the first support level is breached.
Silver H1 | Bullish rise to extend higher?Silver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 32.17 which is an overlap support.
Stop loss is at 31.85 which is a level that lies underneath an overlap support that aligns with the 38.2% Fibonacci retracement level.
Take profit is at 32.63 which is a swing-high resistance.
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