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Silvershort

Silver just gave a strong sell signal with fundamentalsHead and Shoulders formed on the daily of Silver. The price could next head on up to trap the bulls before the downside (forming a Right shoulder). 21>7 MA Price <200 - Bearish (Red back) RSI<30 - Bearish Target $16.30 ABOUT Silver and why the price could drop Silver is a precious metal that has been used for coins, jewelry, and decorative purposes for thousands of years. Silver is a valuable industrial metal, used in a variety of applications such as electronics, solar panels, and batteries. The price of silver is influenced by supply and demand factors, such as the amount of silver available for sale and the level of demand from investors and industrial users. If investors perceive that there is less inflation risk or less economic uncertainty, they may shift their investments away from precious metals like silver, which could cause the price to drop. Now that inflation is slowing easing, this is why people could be shifting their money to other markets. The value of the US dollar, which is often inversely related to the price of silver, can impact the metal's price. If the dollar strengthens, the price of silver normally drops where investors seek other investment options. If there is a decrease in geopolitical tensions or risks, investors may shift their investment focus away from precious metals like silver, which could cause the price to drop.
COMEX:SI1!Short
by Timonrosso
1
SILVER -pt. 2 - Still in correction?Hello traders! In the first post about silver we exposed how according to our Elliott Wave Count silver should be about to finish the second X wave in a triple three correction for cycle wave 2. Since we arrived to a confluence zone with both the main bearish trendline from May '21 and a big volume cluster, we believe that price has a high probability of rejecting this area. Therefore we are short from @24.32 with stop loss at @24.75. The risk for this trade is 0.7% of equity. GMR
OANDA:XAGUSDShort
by GMR-Capital
All silver traders need to watch these six data points It's important to stay informed about the market and various data reports that can affect silver prices. Here are some key data reports that traders should watch when trading silver: 1-Gold-silver ratio: The gold-silver ratio is the number of ounces of silver that are needed to purchase one ounce of gold. A high ratio indicates that silver is relatively cheaper compared to gold, while a low ratio means that silver is relatively more expensive. Traders can use this ratio to assess the relative value of silver and make informed buying and selling decisions. 2-Industrial demand: A significant portion of silver is used in industrial applications, such as electrical conductors, batteries, and medical equipment. Therefore, changes in industrial demand can have a significant impact on silver prices. Traders should watch for data on industrial production and manufacturing activity, as well as any news that could affect the demand for silver in these industries. 3-Investment demand: Silver is also used as a safe haven asset and can be bought and sold as a form of investment. Changes in investor sentiment and demand for silver as an investment can have a significant impact on prices. Traders should watch for data on investment demand, such as the level of silver holdings in exchange-traded funds (ETFs) and the level of silver bullion held by central banks. 4-US dollar strength: Silver prices are often inversely correlated with the strength of the US dollar. When the dollar is strong, silver prices tend to be weaker, and vice versa. This is because a stronger dollar makes silver more expensive for buyers using other currencies, which can decrease demand and lower prices. Conversely, a weaker dollar can increase demand for silver and push prices higher. Traders should watch for data on the value of the dollar, such as the US Dollar Index, to assess the strength of the currency and its potential impact on silver prices. 5-Inflation expectations: Silver is often seen as a hedge against inflation, as its value can potentially increase as the purchasing power of money decreases. Therefore, changes in inflation expectations can affect silver prices. Traders should watch for data on inflation, such as the Consumer Price Index (CPI), to assess the likelihood of future price increases and their potential impact on silver. 6-Interest rates: Changes in interest rates can also affect silver prices, as higher interest rates can make it more expensive for traders to hold silver and other commodities. This can decrease demand for silver and put downward pressure on prices. Conversely, lower interest rates can make it cheaper to hold silver and increase demand, potentially pushing prices higher. Traders should watch for data on interest rates, such as the Federal Reserve's benchmark rate, to assess the impact on silver prices.
BLACKBULL:XAGUSD
by BlackBull_Markets
Silver (XAGUSD): Bearish Outlook Explained 🪙 Hey traders, At the end of December, Silver reached a solid weekly structure resistance. The market was nicely rejected from that. Analyzing a daily time frame, I spotted a confirmed breakout of a support line of a rising wedge pattern. It confirms the strength of the underlined zone. I expect a bearish move to 22.84 / 22.2 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
5
Silver’s rally has been strong, but a pullback could be dueI do not expect this to be a popular view, given the excitement of the rally on metals in general in recent weeks. But no trend lasts forever and we’ve not really seen much of a pullback on silver prices lately. Besides, silver has risen nearly 40% since the September low and fast approaching the upper trendline from a wide (slightly bearish) channel. The tendline also resides near the monthly R1 pivot and $25. Prices are holding above trend support on the daily chart, but a bearish divergence has been forming with the RSI (14) as its rally has lost steam over the past couple of weeks. A bearish pinbar also suggests bulls are losing control, so we’re now waiting to either see momentum turn lower or provide a series of bearish reversal candles below $25. The main issue with trying to pick turning points are it can leave one vulnerable to a series of false entries and/or giving up before the turn. Therefore, bears may want to use smaller positions with a wider stop, and fade into spikes below $25 before increasing exposure if momentum does finally turn lower. Alternatively, bears could wait for a break beneath the monthly pivot point to confirm a trend reversal on the daily chart.
FX_IDC:XAGUSDShort
by CityIndex