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Silveranalysis

SILVER will hold resistance or not??#SILVER... market just reached at his upside final resistance of the day , keep close it because if market hold it then again drop expected otherwise not. 24.42 was our area if you remembered guys, that was our first supporting area in our last 4 to 5 #SILVER ideas, in first go market hold it and then create a volume to move any side, now at his final area and that is 24.42 keep close it and dont hold your short positions above that level . trade wisely good luck
OANDA:XAGUSD
by AdilHussain731333
1
#SILVER: A strong sell off expected! Dear Traders, OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly. We will have to keep close eye on the price action if price does not respect our zone then the idea will be automatically invalidated. we will update on this as we progress.
OANDA:XAGUSDShort
by Setupsfx_
6
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.
ALong
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 - 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
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 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