SILVER has trimmed it's price significantly to multi week lows. The overextended correction is a good opportunity for possible reversal prospect.
KEY NOTES: Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision. Histogram higher lows. Daily Higher lows -- firm ascending support lines. TRI-MONTHLY higher lows - price + histogram conveying firm price valuation goal. Bubble up volume appeared twice this last 2 quarters -- current range of 22.00-23.00 acting as support space for XAG.
Spotted at 22.3
TAYOR Safeguard capital always.
Trade active
Price is ascending back to 0.5 FIB level... so far so good.
Trade active
The risk-reward ratio on this one is too great. A prospect to return to 26.0 level is possible. 61.8 FIB bounce with precision / Higher lows histogram. Accumulation is ON.
Trade active
TRI-MONTH CHART: DIRECTION GOAL is firm.
Trade active
MICRO VIEW: 2H DATA -- minor correction done, upside continuation on in order.
Trade active
MICRO VIEW: 4H DATA - XAG another reversal attempts -- with higher lows creation.
Trade active
MACRO VIEW: DAILY data update on the first monday of JULY.
Daily histogram registered its first daily shift since May 2023.
Trade active
MACRO VIEW: DAILY DATA:
SILVER IS READY FOR A SUBSTANTIAL PRICE GROWTH.
Higher lows on both histogram + price. Surging net volume.
Trade active
MACRO UPDATE: WEEKLY DATA
SILVER UPSIDE CONTINUATION IN TACT.
Trade active
That recent breakout is quite a beauty. :)
Here's our latest MACRO VIEW: HEXAMONTHLY data -- long term direction spotted: GO UP!
Trade active
We're back to strong BASE at 22 levels - major order block support.
You know what to expect.
Trade active
SILVER is re-attempting -- aiming previous peak at 25.0 range.
TAYOR.
Trade active
XAG underwent some mini correction -- which is all good.
The current price range now looks attractive as a new base for continuation to the upside.
Spotted 24.4
TAYOR.
Trade active
Daily data update:
Silver extended its correction to 23.0 price range -- and based on daily it is now trying to shift anew and may target 24.5 to 25.0 levels.
A massive squeeze is teasing on this. My FOMO meter is going crazy based on the recent price movements on this one.
23.80
Reference: weekly metrics
These are guides only. *Be mindful with risk cause it exist.
TAYOR.
Trade active
Silver getting ready to re touch 25 levels.
Trade active
SILVER is targeting 26.0 levels from the new firm higher base at the current price range.
Trade active
Trade active
new attempt in order.
Trade active
fresh attempt
Trade active
4h data update. Upside continuation is firm at this point.
Trade active
Daily data update:
SILVER is very near now at the heatzone area. Expect some strong upside momentum upon touching this zone.
TAYOR.
Trade active
WEEKLY DATA UPDATE:
WEEKLY SHIFT CANDLE HAS SURFACED. THIS IS HUGE!
PREPARE FOR AN EXPONENTIAL RISE SOON ON SILVER.
SPOTTED at 22.80
Trade active
Strong upside momentum awaits SILVER.
Targets set at 25 and 28 respectively.
A touch of the heatzone area at 24.5 levels will speed up the upside momentum.
TAYOR.
Trade active
Daily data update:
STRONG BUY.
Spotted at 24.50
TAYOR.
Trade active
Daily data metrics update:
STRONG BUY! DEFINITE BARGAIN at the current levels. Don't miss out.
UPSIDE CONTINUATION PLAY.
Spotted at 26.50
Trade active
From our post yesterday, we have moved almost +100 pips so far. More rise is expected.
TAYOR.
Trade active
So far so good. We are closing in to +200 pips from our original spot.
Congrats holders.
Trade active
1h data update: This is targeting a 29.0 levels soon based on recent price metrics.
Trade active
there ya go. TARGET HIT.
Trade active
PERFECT EXECUTION from our May 6 spot above (check diagram).
Trade active
Impressive strength by SILVER. It hasn't waned a bit. This looks like it's aiming for some unimaginable highs in the long term.
On our intraday, this is preppin for another POP price growth to 34-35 area soon.
TAYOR.
Trade active
SILVER getting ready for 34.0
TAYOR.
Trade active
An attempt to revisit 32.0 range is active now.
Trade active
This played out perfectly from our last update. Almost touching our target at 32.0 levels.
The narrative didn't changed. This will just continue further up based on latest data. Interim target now will be at 35.0 levels.
Factoring fundamentals as well: Low mining activity and less production means low supply on SILVER. This would be a huge contributor to the price ascend.
Trade active
Target reached. 32.0
Congrats holders. This will just keep growing, long term speaking.
Trade active
XAG corrected healthily back below 30.0 levels. This a good bargain range -- and a major order block support. It is now bouncing off an ascending base trend line. Ascend is expected from the current range.
TAYOR.
Trade active
A revisit to 32.0 again is in order, once broken 36 will be the next target.
Trade active
So far so good. Eyeing 32.0 firmly with a possible strong break off it.
Trade active
Possible scenario play for XAG.
Trade active
Daily data update:
XAG is currently at bargain discounted levels and is now at a major order block support. Significant Price bounce is expected from here on.
Spotted at 29.0 interim target is 34.0
TAYOR.
Trade active
There ya go, beautiful rise. MORE TO GO.
SOLID STRONG BUY at current levels.
Trade active
Here's the very ultra long term chart for Silver.
Looks like we're heading for a supper massive ATH rise soon hitting the 45-50 range, and may even extend beyond. This speaking on a technical and fundamental mindset. Most modern industries right now needs -- and it's use is indispensable across all shapes and form. SILVER demand will just increase exponentially from here on.
Spotted at 29.0
Trade active
IMPORTANT ALERT!
Beautiful long setup on SILVER. Massive price growth ahead soon with a prospect of 34.0 zone touch.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.