SILVER_108 2024.11.05 13:52:04 Trading Signal SELL

11월 5일

FrankPro Signal for SILVER_108

Type: Screen
Signal: SELL
TP: 31.668
SL: 32.956
Entry Price: 32.795

Analysis for SILVER

Forecast Overall(Short-Term, Long-Term): ST=Probably Up LT=Strong Up

Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Down LT=Up
[Method1] ST=Up LT=Up
[Method2] ST=Up LT=Up


Analysis Method(0)

Based on the provided analysis, here is my assessment of the expected price movement for XAG/USD (Silver spot price in US Dollars) in both the short-term and long-term:

**Short-term (next few days to a week):**

* The technical indicators suggest a strong sell signal, which could lead to a short-term decline in price.
* However, the STOCH and STOCHRSI indicators show that the market is oversold, which could suggest a potential rebound.
* Given the support level of 32.05, if the price holds above this level, a short-term rebound and growth are anticipated.
* Expected price movement: Neutral to slightly bearish in the very short-term, but potentially bullish if the support level holds.

**Long-term (next few weeks to months):**

* The forecast suggests that silver prices could rebound and grow, targeting levels above 35.45, if the support level of 32.05 holds.
* The bullish trend in gold prices and the potential safe-haven demand due to geopolitical uncertainties could support a long-term uptrend in silver prices.
* The economic and industrial demand factors, such as China's potential stimulus measures, could also contribute to a long-term price increase.
* Expected price movement: Bullish, with a potential target price above 35.45.

In summary, while there may be some short-term volatility and potential decline, the long-term outlook for silver prices appears to be bullish, driven by a combination of technical, fundamental, and market factors.

Result: [Method0] ST=Down LT=Up


Analysis Method(1)

Based on the analysis, here are my predictions for the XAG/USD (silver price) in both the short-term and long-term:

**Short-term (next 24-48 hours):**
The price is expected to **go up**. The technical indicators suggest a bullish trend, and the forecast predicts a rise to around $35.15 in the next 24 hours. The expected rate cut by the US Federal Reserve and potential stimulus measures from China could also support silver prices.

**Long-term (beyond 48 hours):**
The price is also expected to **go up**. The technical analysis suggests a potential upward rebound and continued growth with a target above $35.45. The bullish trend, supported by stronger EUR/USD and gold prices, Middle East tensions, and the overall geopolitical landscape, is likely to continue. Additionally, the potential for higher inflation under a Trump presidency could lead to increased demand for safe-haven assets like silver, further supporting the price.

Overall, the analysis suggests a bullish outlook for silver in both the short-term and long-term, with potential price increases driven by a combination of economic policies, geopolitical factors, and technical indicators.

Result: [Method1] ST=Up LT=Up


Analysis Method(2)

Based on the provided analysis, here is the expected price movement for the XAG/USD pair:

**Short-term (next few days to a week):**

* The price is expected to go up. The forecast suggests an upward rebound and continued growth with a target above 35.45, supported by a weaker US Dollar and a bullish trend indicated by moving averages.
* A breakout above the resistance area of 33.75 could accelerate this growth.
* However, the US presidential election on November 5, 2024, may cause caution among traders, leading to some volatility.

**Long-term (next few weeks to months):**

* The price is also expected to go up. The approval of China's additional stimulus package could increase demand for silver, supporting the growth scenario.
* The forecast suggests that the silver price may test the support area near 32.05, but this is expected to be followed by an upward rebound.
* A fall and breakout below the 30.75 level would cancel the growth scenario, but this is not the expected outcome based on the current analysis.

Overall, the analysis suggests a bullish trend for the XAG/USD pair in both the short-term and long-term, with some potential volatility in the short-term due to the US presidential election.

Result: [Method2] ST=Up LT=Up