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SILVERCFD trade ideas

Silver bulls eye 200-DMA on Russia-led risk-off moodAfter three consecutive weeks of upside, silver had a sober start to the current week as it marked the first negative daily closing in four. However, the latest anti-risk headlines, mainly concerning odds over the Russian invasion of Ukraine, help XAG/USD to refresh its monthly high. Also, the bright metal remains above a 13-day-old support line amid firmer RSI and MACD signals. As a result, bulls can keep the 200-DMA level of $24.30 on the radar once the quote pierces the $24.00 threshold. It should be noted, however, that the metal’s upside past-200-DMA may become difficult due to the RSI’s nearness to the overbought territory, if not then the previous monthly peak surrounding $24.70 should return to the charts ahead of directing buyers to $25.35 key hurdle. Meanwhile, pullback moves remain elusive until breaking the stated support line, around $23.65 at the latest. Following that, a downward trajectory towards the 100-DMA level near $23.30 and then to the $23.00 threshold can’t be ruled out. It’s worth noting that a 78.6% Fibonacci retracement (Fibo.) of September-November 2021 upside, near $22.20, should lure silver bears once they break $23.00. Overall, silver remains in the recovery mode with an intermediate pullback testing short-term technical support.
OANDA:XAGUSD
by MTradingGlobal
Silver remains vulnerable to further downside despite reboundSilver prints corrective pullback around three-week low, bouncing off 78.6% Fibonacci retracement (Fibo.) of December 15 to January 20 upside. It’s worth noting, however, that the MACD remains bearish and the RSI is off the oversold territory while silver prices keep a downside break of a seven-week-old ascending trend line. As a result, XAGUSD bears remain hopeful to revisit the $22.00 support. Following that, lows marked in December and September of 2020 around $21.40 become crucial to watch. On the flip side, silver’s recovery moves beyond the previous support line, around $22.65, will be challenged by the 200-SMA level of $22.95. Also acting as a nearby upside hurdle is the $23.00 round figure, a break of which will direct buyers towards a fortnight-old resistance line, around $23.45. Should silver prices remain firmer past $23.45, the 50-SMA level near $23.60 as a last line of defense for bears, following that the metal’s run-up towards the $24.00 round-figure and January’s peak of $24.68 should return to the charts.
OANDA:XAGUSDShort
by MTradingGlobal
💡Don't miss the great buy opportunity in SILVER (XAGUSD) Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (23.56). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAGUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 79 Take Profits: TP1= @ 24.21 TP2= @ 24.52 TP3= @ 24.85 TP4= @ 25.17 TP5= @ 25.58 TP6= @ 26.01 SL= Break below S2 ❤️ 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 / Crypto 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_ME
2
XAGUSD - SILVER BULLETSilver is in the news and remains in the know. The upmove yesterday confirms the strong interest in this space and thus continue to favour the upside. As part of the wave we have the truncated wave 5 and the beginning of next impulse to the upside. Within this impulse we completed wave two and yesterdays break start of wave three should try 25 plus area. Suggest longs with conservative stops 22.70 aggressive 22.40 for move to 25.30 good risk reward. Stay Long Silver is new Gold.
SAXO:XAGUSDLong
by sreebhashyam
SILVER (XAGUSD) | Best point for sale🔥Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. The wave count performed for the silver weekly time creates several movement scenarios, but in all of these scenarios an upward movement the size of wave (1) is confirmed in the current analysis. In the current analysis, wave 1 is composed of wave probably 5 at higher times, and we are inside wave 2. Wave 2 is inside wave a and wave a forms its four waves in the form of five waves in the form of a triangle, and wave 5 is placed around the Fibonacci 0.38 or the lower side of the triangle. In the current state of wave 5, a microwave is completed, and in the next wave and in the next wave, half of the previous wave is corrected in the first motion of this wave; The completion of this wave can be done with the same correction or it can be completed in the form of two other waves that are formed in the form of sideways in the same range and then the next descent to the lower side of the triangle occurs. But in the next case, the descent will be created without any other side movement. Finally, it should be said: If the fibo is broken or the upper side of the triangle, which is more like a channel, is disappointed with the continuation of the downward movement and the wave count is somewhat different. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
FX_IDC:XAGUSDShort
by mahdisoltaninjad