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Commodityanalysis

Silver Price Setup = Major Move Ahead?Silver (XAG/USD) Analysis – Breakout Incoming? Silver (XAG/USD) is currently testing a key resistance zone after a strong upward move, supported by a rising trendline. The price has respected this trendline multiple times, confirming its role as a strong support level. If bulls push beyond the resistance zone, a breakout could trigger further upside momentum. Key Insights: 🔹 Trendline Support – The ascending trendline has acted as a strong base for price action, providing steady higher lows. 🔹 Key Resistance Zone – Price has faced multiple rejections here in the past, making it a crucial breakout level. 🔹 Potential Breakout Setup – If Silver breaks and holds above resistance, we could see a rally towards $31.50–$32.50+
CAPITALCOM:SILVERLong
by unichartz
Platinum A Complex Equilibrium - Unraveling Market DynamicsThe platinum market is currently navigating a complex equilibrium shaped by a confluence of factors. A persistent supply deficit, driven largely by robust industrial demand, particularly from the automotive sector, has exerted upward pressure on prices. However, the specter of electric vehicle adoption, a long-term threat to platinum demand in the automotive catalyst market, introduces a countervailing force. This dynamic interplay between supply-demand fundamentals and technological disruption creates a challenging environment for market participants. Moreover, the geopolitical landscape, particularly in South Africa, the dominant platinum producer, adds an additional layer of complexity. Labor unrest, infrastructure challenges, and broader political instability in the region can significantly impact supply and, consequently, prices. The broader global geopolitical environment also plays a role, as tensions between major world powers can create uncertainty and market volatility. Despite these headwinds, the potential for inventory depletion and ongoing industrial demand suggest that the market may continue to exhibit bullish tendencies. Yet, the magnitude and timing of these bullish impulses will be contingent upon the evolving dynamics of supply, demand, and geopolitical risks. As such, market participants must adopt a nuanced perspective, carefully considering both the short-term and long-term implications of these interconnected factors. Essentially, the platinum market is a complex system characterized by non-linear relationships and feedback loops. Understanding these intricacies is crucial for developing effective investment and trading strategies.
FX_IDC:XPTUSDLong
by MorMedia
BluetonaFX - SILVER 26 Level Next TargetHi Traders! There is strong resistance on Silver at the psychological 25 level. After the ascending channel break, there was a bullish wave towards the 25 level, and we now have a big slowdown in the bullish momentum. Looking at the price action on the chart, the market looks like it wants to break the 25 level to target our long-term resistance level at 26.129, primarily due to the lack of any current pullbacks. However, we may need a new wave of bulls to achieve this. That being said, the longer the 25 level holds, the more chance we have of getting a pullback to test the 24 level as support. If we get a momentum break and close above 25, then 26.129 is the next key level; there was a double top at this level in May 2023. Please do not forget to like, comment, and follow, as your support helps us greatly. Thank you for your support. BluetonaFX  
TVC:SILVER
by BluetonaFX
BluetonaFX - SILVER Ascending Channel OpportunityHi Traders! There is an ascending price channel on the 1D Silver chart. Looking at the price action on the chart, there is a bullish bias to this setup; the swings in the channel are getting higher with higher highs and higher lows, and there are a few possible resistance targets above. 23.228 is the level here; this level has not had a close above it for 4 weeks as there is strong resistance here. If there is a break and close above this level, then we expect resistance at the psychological 24.000 level, and above that, our long-term resistance level is at 24.521. If there is no break and close above 23.228 and the bullish momentum will likely fade, we may possibly target support levels instead and look at opportunities to go short. There is long-term support at 22.117. Please do not forget to like, comment, and follow. Thank you for your support. BluetonaFX
TVC:SILVER
by BluetonaFX