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Silverusd

Silver / Long Idea Ever since the Lehman Brothers collapse prompted central banks to cut interest rates and implement round after round of “quantitative easing” commentators have been forecasting that gold will hit $5,000 an ounce and silver $100 an ounce. Pointing to the high inflation that was experienced in the US in the 1970’s that caused gold and silver to skyrocket back then, many are drawing parallels stating that all of this quantitative easing will end with a similar high inflation environment. If and when this does materialize, precious metals are expected to rise exponentially. However, the question of “when” this will occur is currently up for debate. While there have been some recent signs of inflation, it yet remains to be seen whether we have truly entered an inflationary environment or whether this just a temporary blip brought on by the shock to the supply chain caused by the Coronavirus. As we all remember far too well, by April 2020 most of the worlds factories had been forced to shutdown due to the spread of COVID. When certain factories deemed to be crucial for “essential businesses” were allowed to be re-opened, many of them re-opened on a drastically reduced capacity based on the expectation that consumers would shut their wallets and not be spending money. However, the complete opposite happened. Those that were fortunate enough to maintain employment could not spend their discretionary income on travel and entertainment so directed their money towards home renovation projects which were also bolstered by record low mortgage interest rates. This contributed to record high prices for Lumber in the US and manufacturers such as Stanley Black and Decker being caught flat footed by cutting back production only to learn later that consumer demand for tools and equipment was exceptionally high. While the above had lead to inflation, it is yet to be seen when manufacturing capacity returns to normal, and consumers can spend money again on travel and entertainment, is this inflation temporary or is it just the spark that has lit the inflationary fuse. It may however be many years before the inflation that has been warned about for the last thirteen years begins to materialize. And while gold is arguably the most popular precious metal, it needs the inflationary narrative to continue for the price of gold to appreciate. To position ourselves accordingly, I am choosing Silver to protect My portfolio from inflation if and when inflation does come screaming back but also choose a precious metal that can capitalize on a post-covid economic recovery. Good Luck
TVC:SILVERLong
by SaraSadki
3
💡SILVER (XAGUSD) - Weekly Technical Analysis Update Midterm forecast: 25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 25.75 is broken. Technical analysis: A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 64. Take Profits: TP1 @ 25.75 TP2 @ 26.60 TP3 @ 28.30 TP4 @ 29.85 TP5 @ 33.45 TP6 @ 37.50 TP7 @ 44.20 TP8 @ 49.80 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_World
22
💡SILVER (XAGUSD) - Weekly Technical Analysis Update Midterm forecast: 25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 25.75 is broken. Technical analysis: A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 64. Take Profits: TP1 @ 25.75 TP2 @ 26.60 TP3 @ 28.30 TP4 @ 29.85 TP5 @ 33.45 TP6 @ 37.50 TP7 @ 44.20 TP8 @ 49.80 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDLong
by ForecastCity
7
Silver at Key Pivot Resistance!Sl1! Nice bull flag at strong pivot resistance zone, an uptrend, since March 31 lows actively riding as support the 9ema (blue line). Entry could be a 1-hour candle close above the .618 fib extension with the 9ema as support crossing the 28 levels. Also, consider another 9ema backtest - ascending trendline confluent if you connect a trendline from the swing lows. Same as the RSI, making higher highs and higher lows in this ascending trendline. Will be updating as we go. Sharing humbling my POV and will gladly discuss with anyone if we agree or disagree, I'm a Full-time Life & Market student, always learning! Best regards and Happy Trading! Keep it simple 😉
TVC:SILVERLong
by UnknownUnicorn21414332
8
XAGUSD RocketManChart is looking extremely bull for Silver price Bull signals: 1 - a Major trend line shown by dotted white line has been played and respected since 2 March 2020 and we have broken back above it after a test low dip on 30 March 2021 2 - Double bottom at what has turned out to be a major support zone for silver which is at the 0.382 Fibonacci retracement zone from the swing low at march 2020 and the swing high at august 2020. Great support here, low not been seen since 3 - W pattern formed (one of my favourite - so simple and effective) right at the double bottom 0.382 which was a key indicator for the continued rise for silver which has now found the neck line at 25.487 (0.236 fib retracement) 4 - We are above 50,100 & 200 MA and SMMA lines which is an amazing bull sign, the recent break above the 50Ma is a lovely end of week close for Silver 5 - the end of week close was also sat right above the white dotted line from the August 2020 high which marks out the upper side of the descending triangle that has been formed since the last high. What we are seeing now is a possible break out north, big potential for silver to test recent high at 30 and above As well as this the current Silver physical demand is through the roof and I do not believe that the current price at 25 reflects this. My trading ideas are not gospel, I just like the numbers and patterns Universal patterns are universal
FX:XAGUSDLong
by Money_Magnet_
3
Silver, XAG/USD - new entry point🔥For the fourth time, the price approached the resistance level. If the price breaks the level this time, I will wait for a retest to open a long position. Let's see! Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
OANDA:XAGUSDLong
by Yuriy_Bishko
8
GOLD - movement to the strong resistanceThe price is in the middle of the downtrend channel. I expect temporary trading in this range. Perhaps the price will go down a bit to pick up the stops. After that, I wait for the movement to the resistance line. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
TVC:GOLDLong
by Yuriy_Bishko
14
SILVER - Time for an upswing XAGUSDDuring the past two days, gold's little brother experienced visible selling pressure. At the end of last week, silver failed again to overcome the upper range and resistance zone around 26.62 USD. The subsequent price weakness caused the silver price to fall back towards the support of 24.77 USD. So far, and thus just before the support, a first counter-manoeuvre by the buyers is taking place today. As long as the price is quoted above 24.77 USD, one can again assume a reaction impulse in the direction of the resistance at 26.62 USD. Whether a breakout above this level will be successful remains to be seen. Above 26.62 USD, further upward potential opens up to the zone of 27.70 USD. A dip below the current demand zone of 24.77 USD, on the other hand, could lead to a rapid setback to 24.10 USD. Below that, a test of the underlying support at USD 22.80 would have to be planned. If you liked the analysis, we would be pleased if you liked or subscribed to it. By doing so, you support our work enormously! Notice: Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.
OANDA:XAGUSD
by Michael-Neubauer