{"id":142462,"date":"2019-02-25T10:40:04","date_gmt":"2019-02-25T15:40:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142462"},"modified":"2019-02-25T06:55:17","modified_gmt":"2019-02-25T11:55:17","slug":"xageur-silver-euro-analysis-demand-for-investment-silver-declined-last-year","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/xageur-silver-euro-analysis-demand-for-investment-silver-declined-last-year\/","title":{"rendered":"XAGEUR Silver\/Euro Analysis: Demand for investment silver declined last year"},"content":{"rendered":"<div id=\"inves-1329277403\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 25, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>The demand for investment silver declined last year<\/strong><\/p>\n<blockquote><p>Sales of silver investment coins and bars in the world decreased in 2018 by 4% compared with 2017. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/precious-metals\/xageur\">XAGEUR<\/a> fall?<\/p><\/blockquote>\n<p>Such a movement indicates the cheapening of silver in euros. The GFMS agency published a report on the world demand for investment coins made of precious metals for 2018. The report presents both the annual reduction in sales of physical, investment silver, and the quarterly. In the 4th quarter of 2018, sales decreased by 3% compared with the 3rd quarter. Besides all this, the total demand for precious metals usually decreases when the US dollar strengthens. It is possible in case of the Fed rate hike or victory of the US in trade wars with China and the EU. In turn, the main risk for the euro is the launch of the new money emission in the Eurozone to implement the TLTRO program. As expected, the ECB will disclose its plans on this issue at its next meeting on March 7, 2019.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/22-02-2019.png\" alt=\"XAGEUR\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe, <b>XAGEUR: D1<\/b> has breached down the support line of the uptrend. A number of technical analysis indicators formed sell signals. The price decrease is possible in case of a decrease in world demand.<\/p>\n<ul class=\"ul-tick\">\n<li>The <b>Parabolic Indicator<\/b> gives a bullish signal. It can be used as an additional support level, which should be breached down before opening a sell position<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/bolinger-bands\">Bollinger bands<\/a> have narrowed, which indicates low volatility. The upper band is titled down<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI indicator<\/a> is above 50. It has formed a negative divergence.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator<\/a> gives a bearish signal.<\/li>\n<\/ul>\n<p>The bearish momentum may develop in case <b>XAGEUR<\/b> falls below its last fractal low, the Parabolic signal and the 1st level of Fibonacci at 13.7. This level may serve as an entry point. The initial stop loss may be placed above the last fractal high, the high since June 2018, the upper Bollinger band at 14.3. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level (14.3) without reaching the order (13.7), we recommend to close the position: the market sustains internal changes that were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 13.7<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 14.3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/p><div id=\"inves-2961377183\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets The demand for investment silver declined last year Sales of silver investment coins and bars in the world decreased in 2018 by 4% compared with 2017. Will the XAGEUR fall? Such a movement indicates the cheapening of silver in euros. The GFMS agency published a report on the world demand for investment coins [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-142462","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=142462"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142462\/revisions"}],"predecessor-version":[{"id":142492,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142462\/revisions\/142492"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=142462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=142462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=142462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}