The last couple of weeks have been relatively tiring as we are desperately waiting for the silver to make a move. This market is developing very slowly. Our expectation is that we will see declining prices for silver, as we expect it to move under $24.04. Somewhere around $22.23, we should see a short correction before the price gradually moves under $20. As long...
The technical picture for silver has not changed much in recent trading sessions. Silver remains stuck between the support at $25.85 and the resistance at the 50 EMA at $26.25. Silver has already tested both levels during the current trading session but failed to gain any momentum. If silver declines below the support at $25.85, it will head towards the next...
Silver failed to settle below the support at $25.85 and rebounded towards the nearest resistance level at the 50 EMA at $26.25. The 20 EMA is located in the nearby, so the resistance at $26.25 is set to be a material obstacle on the way up for silver. RSI remains in the moderate territory so there is plenty of room to gain additional upside momentum in case the...
Silver had recently made an attempt to settle below the support level at $25.85 but lost momentum and rebounded towards the resistance at the 50 EMA at $26.45. In case silver manages to settle above this level, it will move towards the next resistance which is located at $26.70. A move above the resistance at $26.70 will push silver towards the next resistance at...
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
Silver continues to trader near the support level at $27.00. Silver has already made several attempts to settle below this level in recent trading sessions but failed to develop sufficient downside momentum. If silver settles below the support at $27.00, it will head towards the next support level at $26.70. A move below this level will push silver towards the...
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
Silver is currently testing the nearest support level at the 20 EMA at $26.20. RSI is in the moderate territory, and there is plenty of room to gain additional momentum in case the right catalysts emerge. If silver settles below the 20 EMA, it will head towards the next support level at $25.85. A move below this level will push silver towards the support at the...
Rumors about a potential run on silver surfaced some while ago on Reddit. At the end of last week, the run started and the silver price made a first jump on Thursday, followed by another sharp increase on Friday. Starting this week, we are experiencing another drastic increase in the price for silver, which also what we expected a long time ago. 😏 Now, it is...
Purple = weekly Blue = Monthly Orange = Daily grey = 4hour pink = 1 hour Hello Traders and Analysts, Based on what merit? We have seen a nice impulse into the channel and a rejection upon reaching the zone of $29.00. Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within...
Silver got a boost from increased speculative activity in shares of silver miners. Currently, silver is trying to settle above the resistance at $27.20. If this attempt is successful, silver will get to another test of the resistance level at $27.50. If silver gets above this level, it will head towards the next resistance at $27.75. On the support side, the...
Silver gained strong upside momentum and managed to settle above the resistance at $25.85. Currently, silver is testing the next resistance level at $26.30. If this test is successful, silver will move towards the next resistance level which is located at $26.70. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in...
Except for Robert Kiyosaki, the writer of “Rich Dad Poor Dad”, only a few others seem to talk about silver. However, we might be facing a nice run over the coming days from this metal. We are increasingly confident that it is now leaving the mark of $25.12 behind and moving up to tackle $28.10. This is an important hurdle in our calculation that silver needs to...
Since the inauguration of Biden, GOLD is rapidly gaining value. Assuming this amount of bullish volume will keep flowing in for another day or two, we could soon reach the $1900 area again. For now, my main resistance targets are placed at $1900 and $1920. If you're feeling very bullish, take the latter. Happy trading!
At the moment, Silver it's show us a good opporunity in long position. As we see in the past days, we was into thes bearish risign wedge, but right now, we are into important support key in daily chart. The Daily support it's in yellow rectangle. Now, the only that I see it's in the H8 timeframe that we identify a good possible to entry in the long position....
Silver continues its attempts to settle below the nearest support level at $27.00. If silver declines below this level, it will head towards the next support at $26.70. A move below $26.70 will open the way to the test of the next support level at $26.30. In case silver manages to settle below the support at $26.30, it will decline towards the support which is...
Silver managed to settle above the resistance at $27.00 is is trying to settle above the next resistance level at $27.50. RSI is very close to the overbought territory but there is still plenty of room to gain additional momentum in case the right catalysts emerge. If silver settles above the resistance at $27.50, it will head towards the next resistance level...
The technical situation has not changed at all compared to the previous trading session as silver is still trying to get above the nearest resistance level at $26.30. Silver has already made several attempts to gain upside momentum above $26.30 but these attempts yielded no results, and it remains to be seen whether silver will be able to attract enough interest...