Silver vs US Dollar Forum & Chats (ICMARKETS:XAGUSD)

7 hours ago

producers can’t handle the demand shock as LBMA hit a 9Y inventory low (since 2016) last week. US manufactures are bidding top prices for silver used in manufacturing at a 4x increase M-over-M. You should be buying silver at any dip price. Premiums for low supply will start to get priced in this week as the deliveries are already approaching 600 tons in this first half of Feb. all else being equal if deliveries hit 1000+ tons silver will hit new ATH’s

9 hours ago

Sell
Entry 32.32
Sl 32.50
Tp 31.73

yesterday

if you are planning to go Short .5- .68 retrace fibo level might be ideal, refer to the previous daily candle. don't forget to put SL and TP :)

also, don't chase the unpredictable move of silver, but remember history repeats itself. check what happened in the previous year with the same daily.

yesterday

Idea:Next week Idea
The rejection at 33.165 was massive. I saw it late that's why I didn't share in my insight before the massive drop form that point of interest.
Next wee might just be bearish for most of the days, probably Tuesday would be the weekly high, Thursday and Friday weekly low.
What's your insights on Silver?
Kindly boost of you find this insightful 🫴
tradingview.com/x/viKNfGED