SILVER: Bearish Forecast & Bearish Scenario
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed down by the bears so we will sell!
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Silver
Kodiak Sciences Looking Bullish Here KODTo me this looks like its about to rip. If it gets above $13 you're looking at a move straight to $52 no pullback and then maybe $120 after that. We can reassess at that time. It looks like a nice V shape recovery and could be putting in a right shoulder on the inverse head and shoulders. Or a cup and handle whichever you want but the measured move would be $52. If it falls below $4 its going to zero. Not financial advice just my opinion. Thank you
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SILVER (XAGUSD): Bullish Outlook Explained 🪙
Silver nicely respected a recently broken key horizontal resistance.
After its retest, the market started to consolidate on a 4H time frame
and formed a horizontal range.
Its resistance was broken yesterday, signifying the strength of the buyers.
The market may keep growing next week, at least to 25.5 level.
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SILVER Will Move Higher! Buy!
Here is our detailed technical review for SILVER.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 24.799.
Considering the today's price action, probabilities will be high to see a movement to 25.274.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Strifor || SILVER-26/03/2024Preferred direction: BUY
Comment: Metals also look good for long-trade at the beginning of this week, but buyers here will most likely have more difficulties than on the same currency pairs. A more likely scenario, especially for silver , is to first fall below local support before rising. This maneuver made it possible to rid the market of "spare buyers" and attract more sellers. In turn, this allows, with new forces (updated resources), to make a breakthrough towards the local maximum at level 26 . The above assumption is fully consistent with scenario №1.
Scenario №2 is also in our arsenal, but in this case the trade volume is less than in scenario №1 , since the likelihood of such a maneuver being realized is much less.
Additional comments on this trade will be provided as situation changes. Follow us!
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SILVER.. one n only supporting trend line, keep close.#SILVER.. well guys market very well holding your supporting trend line as we discussed in our video analysis,
in first go market placed exact low near supporting line and bounced.
its still valid supporting line if market hold it then again you can see upside momentum otherwise below that line a straight drop on table.
good luck
trade wisely
SILVER BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
SILVER pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 24.646 area.
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SILVER. Where is now today support? Hold or not?#SILVER... well guys market absolutely very well hold your key support in first go and placed you targeted zone.
Congratulations to all followers.
Now we have again same supporting area.
If market clear that area then downside next supporting area on table..
Good luck
Trade wisely
Silver likely to retest previous high at 30.08Silver price stand firmly above support price at 21.72, FED official mentioned would be have another three interest rate decision this year with expect of 75 basic point cut.
Outflow from dollar market share start flowing to other asset class such as Silver?
However, US presidential election would be held on coming NOV 2024, expect market would be choppy during the period.
Monthly Support- 21.72
Monthly Resistance- 30.08
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Analysis of Silver in the Daily Timeframe 📈Silver had a very important resistance that it broke through with strength and now that range has turned into strong support. Silver faces another important resistance on its way, if it fails to surpass and break that resistance, we can expect a price drop to the support range of 23.417. However, in case of breaking the resistance, we may anticipate an upward movement towards the price of 25.47. 🪙
SILVER BULLS ARE STRONG HERE|LONG
Hello,Friends!
It makes sense for us to go long on SILVER right now from the support line below with the target of 25.315 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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SILVER Is Going Up! Buy!
Here is our detailed technical review for SILVER.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 24.464.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 25.165 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Fortuna Silver Mines (FSM): Mining new OpportunitiesFortuna Silver Mines (FSM): NYSE:FSM
Since the entire silver sector and especially the precious metal sector interest us, we decided to take a closer look at Fortuna Silver Mines. We believe that in the daily chart since the COVID-19 low at $1.47, we have developed the overarching Wave I and Wave II and are now in the overarching Wave III. This should significantly exceed the level of Wave I, well above $9.85. Now, finding a good entry point at Fortuna is important to us. We assume that in the 4-hour chart since Wave II at $2.05, we have developed the subordinate Wave (1) and Wave (2) and are thus in a Wave (3). This should, of course, go significantly above the level of Wave (1) at $4.20. More precisely, we expect a rise to at least $6.06. This is our minimum target for the Wave 3 up to $10.35. However, that is the maximum for us. It could still go further, but realistically, we wouldn't expect that, except in exceptional cases. Currently, we should be in a Wave ((i)) right now, as we likely saw a gap close at the top of Wave ((i)) at just under $3.50. We should now find a retracement between 50% and 78.6%, that is, between $3.06 and $2.81. Afterwards, we should ascend to at least $6.06. However, considering we are in the overarching Wave (3), we should also surpass $10. But of course, that's in a very long-term scenario. In a shorter-term scenario, we expect to reach at least $6.06 relatively quick. We set our stop loss below the level of Wave 2, as a double bottom would still be allowed, i.e., a 100% retracement. However, we aim not to be stopped out. Therefore, we have set our stop loss for Wave ((ii)) below the level of the overarching Wave 2.
Silver (XAGUSD): Starting to go up!Silver (XAGUSD): OANDA:XAGUSD
In Silver, we believe we have formed the low with Wave 2 at $21.93. Since then, we've developed Waves (i) and (ii), and now likely Wave (iii) as well. It appears we've caught up with Wave (5) at the 50% extension level at $25.36. Should we now drop for Wave (iv), we expect it to be in the range between 38.2% and 61.8%, more precisely between $24.12 and $23.30. The $23.30 level is also our invalidation level, as that's where the stop of Wave (i) is located. Initially, we believe we will accept the support zone at the subordinate Wave (4) for the overarching Wave (iv). We see this as a very interesting zone and, looking upwards, we believe we will head towards the $26 mark.
SILVER Will Explode! BUY!
My dear subscribers,
This is my opinion on the SILVER next move:
The instrument tests an important psychological level 24.916
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 25.205
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
XAGUSD Rejection at the top of the 1 year pattern. Huge SELL.Silver (XAGUSD) reached the 25.000 Target that we set more than a month ago (February 15, see chart below) easily surpassing the 0.786 Fibonacci level and getting heavily rejected exactly at the top (Lower Highs trend-line) of the 1 year Triangle pattern:
On July 20 2023, a rejection slightly lower started wave (e-f) towards the bottom of the High Volatility Zone and touched the 1W MA100 (red trend-line). This trend-line has made contact with all corrective waves of the long-term Triangle pattern.
As a result, taking also into account the 1D RSI which has hit the exact 70.00 overbought barrier like on July 19 2023, we are now bearish and targeting 22.500 (expected contact with the 1W MA100).
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