Silver’s Deep Retrace: Long Setup with Bullish Potential
I’ve entered a long trade on Silver (XAG/USD) after observing a deep retrace to the 0.7 Fibonacci level on the daily timeframe. The entry at $28.96 is positioned strategically based on historical support and the current technical setup.
The stop loss is set at $26.54 to mitigate risk, while the take profit target is $36.00, aligning with a potential bullish continuation. In the bearish scenario, a break below $27.50 will prompt a reassessment and tighter risk management. Conversely, on the bullish side, breaking above $32.50 will strengthen the case for holding towards the TP.
Silver’s price action showcases its potential for a significant bounce back, supported by current geopolitical and macroeconomic conditions.
Fundamentals:
1. Federal Reserve’s Hawkish Stance:
The Fed’s updated projections for rate cuts in 2025 have pressured silver prices, as a stronger dollar and rising Treasury yields (above 4.5%) diminish the appeal of non-yielding assets. However, easing inflation in the long term could rejuvenate demand for precious metals.
2. Geopolitical Tensions:
Although silver traditionally benefits from uncertainty, recent macroeconomic headwinds, such as concerns about tariffs under the new Trump administration and sluggish global economic recovery, have overshadowed its safe-haven status.
3. Industrial Outlook:
Challenges in the industrial demand for silver, particularly from China’s solar panel production slowdown, add pressure. However, as inflation stabilizes and geopolitical risks unfold, silver could regain its industrial and safe-haven allure.
Technicals:
• Entry: $28.96
• Stop Loss: $26.54
• Take Profit: $36.00
• Key Levels:
• Bearish Scenario: Manage position below $27.50.
• Bullish Case: Strength above $32.50 confirms upward momentum.
This setup leverages a confluence of technical retracement, macroeconomic factors, and the potential for a trend reversal. Stay sharp and pay yourself as the market unfolds.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
The stop loss is set at $26.54 to mitigate risk, while the take profit target is $36.00, aligning with a potential bullish continuation. In the bearish scenario, a break below $27.50 will prompt a reassessment and tighter risk management. Conversely, on the bullish side, breaking above $32.50 will strengthen the case for holding towards the TP.
Silver’s price action showcases its potential for a significant bounce back, supported by current geopolitical and macroeconomic conditions.
Fundamentals:
1. Federal Reserve’s Hawkish Stance:
The Fed’s updated projections for rate cuts in 2025 have pressured silver prices, as a stronger dollar and rising Treasury yields (above 4.5%) diminish the appeal of non-yielding assets. However, easing inflation in the long term could rejuvenate demand for precious metals.
2. Geopolitical Tensions:
Although silver traditionally benefits from uncertainty, recent macroeconomic headwinds, such as concerns about tariffs under the new Trump administration and sluggish global economic recovery, have overshadowed its safe-haven status.
3. Industrial Outlook:
Challenges in the industrial demand for silver, particularly from China’s solar panel production slowdown, add pressure. However, as inflation stabilizes and geopolitical risks unfold, silver could regain its industrial and safe-haven allure.
Technicals:
• Entry: $28.96
• Stop Loss: $26.54
• Take Profit: $36.00
• Key Levels:
• Bearish Scenario: Manage position below $27.50.
• Bullish Case: Strength above $32.50 confirms upward momentum.
This setup leverages a confluence of technical retracement, macroeconomic factors, and the potential for a trend reversal. Stay sharp and pay yourself as the market unfolds.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
ملاحظة
Silver continues to hold well above the entry point, showcasing resilience. However, for a true bullish confirmation and a potential trend reversal, it must maintain strength within the $30.5-$31 price zone. This level is critical to break the prevailing bearish trend and signal further upside potential. Stay cautious, monitor the levels closely, and pay yourself as opportunities unfold!ملاحظة
Silver continues to show bullish momentum, currently holding the $30 price zone firmly. The position is now running at a solid 4.8% profit. While the initial signs are promising, there’s still significant ground to cover before hitting my final targets.
For now, the trade remains healthy, and I’ll keep monitoring the price action closely. Let’s stay patient and let the market play its part. Pay yourself, and happy trading!
ملاحظة
The position has developed impressively, currently standing at 5.88% in profit. Technically, the price is testing a significant resistance zone near the 0.7 FibCloud. Additionally, we observe indecision between buyers and sellers at this level. Despite the resistance, the price action holding within the 29k-30k range signals a healthy setup for continuation.
Let’s stay patient and monitor this critical zone. As always, pay yourself along the way and stick to the strategy!
ملاحظة
Silver continues to maintain its bullish momentum, holding firmly around the $30 price area. Currently in a consolidation phase between the $30 and $31 range, the position remains 6.8% in profit.
Key focus now is on how the price action develops within this range—whether it breaks out to continue the bullish trend or tests lower support levels.
Enjoy the progress and stay sharp!
تم فتح الصفقة
Silver has reached 12.38% in profit, marking the halfway point to the target. I’ve secured 70% of the position and moved the SL to profit at the 29 price area, locking in gains while keeping the trade alive.
However, I’m cautious. Gold is hitting new highs, while Silver isn’t even near its ATH, which raises concerns about the trade’s strength. For now, the position is risk-free, and I’ll monitor closely to see if it’s worth holding further.
Pay yourself and manage smartly!
ملاحظة
Silver has made an impressive push to the 33,400 price zone, bringing the trade to +15.17% profit from my entry. Given the strong move, I have secured 20% of the position at this level and adjusted my stop-loss to 30,500, ensuring that profits are locked in should a deeper retracement occur.
With only 10% of the position left to run, I am managing this carefully, especially considering that swap fees are accumulating after being in this trade for two months.
Let’s see how the next sessions unfold—staying agile and locking in gains where needed. Have a strong trading week ahead!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.