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Silveranalysis

AUMN - Time For Another Big Risk/Reward Play?I've certainly been wrong on AMEX:AUMN in the past, BUT I have always had proper stops in place to protect from the possibility of waterfall losses. I personally believe it's time to try again. Gold & Silver appear to be breaking out and the setup is (once again) in play for AUMN. Below the teal support box is when to exit the trade . That's when you know you're wrong. Other than that, we have clear resistance areas above and, ultimately, are still hopeful for the long-term target.
AMEX:AUMNLong
by jstrasburger
SILVER (XAGUSD): Technical Outlook & Trading Plan 🪙 Silver is currently trading within a narrow horizontal range on a daily. 23.20 – 23.43 is the support of the range. 23.93 – 24.14 is the resistance of the range. Bullish breakout of the upper boundary of the range will give you a strong bullish signal. Daily candle close above will confirm the violation. A bullish continuation will be expected to 24.70 then. ❤️Please, support my work with like, thank you!❤️
OANDA:XAGUSDLong
by VasilyTrader
1
SILVER 4H : Support to rise up SILVER New forecast The silver price traded declined significantly and reached the level of 23.50, so we are forced to remain neutral until it shows the clearest trend during the coming trades. Therefore the 23.50 - 23.35 levels is important fore Silver during coming period hence failure to stabilized under 23.35 it will support the price to rise up again and targeting 23.77 and 24.00 levels , taking into account that stabilized under 23.35 will put the price under sell pressure . The expected trading range for today is between support 23.35 and resistance 24.00 . resistance line : 23.77 , 24.00 support line : 23.50 , 23.35 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAGUSDLong
by Arazmajeed
2
Silver - the next gold?Hello Friends 😁 After the peak in April 2023, it OANDA:XAGUSD has been declining throughout the year until now. I assume that this is a complex correction. In the A-B-C-W-X-Y correction, there is a nice A-B-C-D-E correction. The E wave should have completed the entire correction, and ideally, it should not fall back to the previous level. I believe we are in a minor Wave (ii) of an encircled Wave iii. I expect that after the small correction that is coming now, we will see an increase to at least $25. Bye 🫡
OANDA:XAGUSDLong
by stromm_by_wmc
Silver 4H : Support further rise SILVER New forecast Silver price trading settled above the 23.00 level after the strong upward rally witnessed yesterday, enhancing the chances of the continuation of the upward trend during the coming sessions and heading to visit the 23.49 level and stability above it that will reach 23.77 and 24.00. therefore , the upward scenario will be remain valid and effective during coming period supported by the moving average 50, taking into account that failure to breach 23.49 will put the price under sell pressure in the short-term and keeping in mind that the continuation of the upward wave depends on stability above the 23.00 level. The expect range trading for today it will be between resistance line 23.49 and support line 23.00 until stabilized . Additionally , Today News will affect on the market . resistance line : 23.35 , 23.49 support line : 23.00 , 22.73 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAGUSDLong
by Arazmajeed
7
Waiting for Silver. This idea uses Wyckoff theory, Dao Theory and modified Fibonacci. Currently sitting at a range, prices are being pushed down to a better buying zone before takeoff. Sold at the -0.383 level shown and it's looking for its proportionate "mirror image" at the 0.382. If prices move below the 0.5 level this idea should be recalibrated. The price is moving a bit up and was bought just before the 0.236 level at 22.49. It didn't really touched that level and that usually happens when price is going lower still. At the moment sit tight and wait for a better entry price at 22.175.
COMEX:SIZ2023Long
by drporta
Silver 4H achieving noticeable gainsThe price of silver ended yesterday's trading with a noticeable positive note, breaching the 22.25 level and settling above it, providing signs of an attempt to return to the upward path, but we note that the technical indicators provide negative signals that may pressure the price to decline again. Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that continuing the rise and breaching 22.55 will push the price to achieve further gains and test the 22.89 level initially, while trading below 22.25 again will reactivate the scenario. The downtrend whose next main target is at 21.60 . Pivot Price: 22.25 Resistance prices: 22.89 & 23.33 & 24.17 Support prices: 21.60 & 20.75 & 19.95 The general expected tendency for today: neutral
TVC:SILVER
by Evar_Mayi
7
Silver 4H : Waiting for News SILVER New forecast The price of silver rose in yesterday's trading with noticeable positivity, penetrating the 22.23 level and settling above it, and approaching the 22.50 level to provide negative signals as long as the price is trading below the mentioned level. Therefore the downtrend scenario will be remain valid as long as price trade under 22.50 supported by moving average 50 that is continue to support the price to decline but to confirm the bearish trend should stable under 22.23 and then will help the price to reach 21.97 and 21.60 , taking in to account that stabilized above 22.73 will postponed the bearish attempts and start the positive waves . so it is possible to continue at the positive correction until 22.73 and then dropping . The expect range trading for today it will be between resistance line 22.73 and support line 21.97 until stabilized . Additionally , Today News will affect on the market . resistance line : 22.50 , 22.73 support line : 22.23 , 21.97 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAGUSDShort
by Arazmajeed
SILVER 4H : Still support further decline SILVER New forecast The price perfectly fulfills my last idea and price reached to our targets . The price of silver declined and succeeded in achieving our second expected target at 22.23, and opened the day with a strong decline to break this level and confirm the continuation of the dominance of the downward trend, paving the way for heading towards our next target, which reaches 21.35 and stabilized under it will reach to 20.91 and to confirm the bearish trend should stable under 21.97 and then our target will be activate . Therefore, the downward trend scenario will remain effective for the coming period supported by moving average 50, noting that the breach of 22.23 will stop the expected decline and lead the price to begin recovery attempts in the intraday term. The expect range trading for today it will be between resistance line 22.23 and support line 21.35 until stabilized . resistance line : 22.23 , 22.50 support line : 21.97 , 22.35 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAGUSDShort
by Arazmajeed
6
Silver is trading within descending channelFrom the start of the month may XAGUSD/Silver is in downward movement after forming a double top formation. Ever since this drop its forming clear descending channel. Within this bigger trend formation We can see some rising wedge formations which is indicating the upcoming bearish trend until this trend gonna breakout. The price is currently below 50% Fibonacci level. In Elliot wave analysis currently larger third way is under formation.
OANDA:XAGUSDShort
by forexorbit
XAG SILVER Neowave - Elliott Wave Theory Analysis (Medium Term)Silver is forming a potential diametric structure in the medium term and the second phase of this structure has begun. The potential route I expect the price to follow is indicated in the image (with dotted lines). The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that, the structure will be completed with the rise of f and the fall of g. With the completion of the structure, I think we will enter a prolonged bull market. Maybe a short but sharp rise in time, or a market period spread over time... We will analyze this in the sequel. Your support is important for me, I can say it is a source of motivation. So thank you for that.
OANDA:XAGUSDShort
by up_neowave
3