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Silveranalysis

BLUETONAFX - SILVER CHART IDEAHey Traders, Please see updated chart setup for SILVER. TARGET 1 - 24.681 TARGET 2 - 25.097 TARGET 3 - 25.518 Price is respecting the SILVER PIVOT CHANNEL (OUR UNIQUE WAY TO DRAW CHANNELS) As long as price maintains above this level we should see a test to our targets above. We will trade this movement in stages from support to resistance and maintain a Bullish stance overall. Please like, comment and follow to support us, we really appreciate it. BluetonaFX
TVC:SILVER
by BluetonaFX
Silver (XAGUSD) is at support, will it break or hold?Silver price resumed its positive trading to succeed achieving our first waited target at 26.07, facing solid resistance there, to show some expected slight bearish bias, waiting to get positive momentum at 25.87 support that assists to push the price to resume the positive trades and breach the mentioned level to open the way to head towards 26.80 as a next main station, followed by 27.70 The MA50 continues to provide the positive support to the price, to continue suggesting the bullish trend for the upcoming period, noting that breaking 25.87 will put the price under negative pressure to head towards testing 24.50 and 23.90 areas before any new attempt to rise
OANDA:XAGUSD
by AdilHussain731333
1
BluetonaFX - SILVER CHART IDEAHey Traders, Our last silver target played out into profit zone and secured with moving stop and protecting profits. It fell short by a few pips for the full range target so the gap remains open. We have identified a structural support level on the chart and expect further support tests to be held well to consider buying from support levels while targeting the open gaps above. We have a immediate target at 25.295 and a long range target at 25.696. Please like, comment and follow to support us to help us bring more free content to you all. BluetonaFX
TVC:SILVER
by BluetonaFX
BluetonaFX - SILVER CHART IDEA - TARGET HITHey Traders, As stated on last update that our target fell short by a few pips for the full range target so the gap remains open - THIS WAS NOW HIT. We also identified a structural support level on the chart and expected further support tests to be held well to consider buying from support levels while targeting the open gaps above. ALL THE ABOVE GAPS ARE NOW FILLED. We have a immediate target at 25.295 and a long range target at 25.696. - IMMEDIATE AND LONG RANGE TARGET BOTH NOW HIT AND C0OMPLETE Please like, comment and follow to support us to help us bring more free content to you all. BluetonaFX
TVC:SILVER
by BluetonaFX
BluetonaFX - SILVER TRADING IDEAHey Traders, Introducing BluetonaFX A warm welcome to all the traders out there using this platform. Although we are new to TradingView, BluetonaFX is a professional group of traders who have over 15 years of experience in FX trading beginning in 2008, the year that heralded the second significant paradigm shift for retail traders after 1996 when retail traders were first able to trade currency pairs on their own computers. We specialise in trading a select range of currency pairs, silver and crude oil. Our decision to move from the private space to a public platform via TradingView was in part driven by the countless stories we heard about retail traders being chopped up by the markets due to the lack of real professional guidance on how to trade and committed analysis of the markets on online platforms popular with retail traders. We will gradually introduce our ethos, trading style and methodologies over the next few weeks. We have started with Silver; Please review our chart. We have a immediate target at 25.413. A break and close above this level will see price challenge 25.648 and 25.941. Price is currently ranging between two structures 24.883 and 25.413. We will need to see a break and close on either structure to confirm direction to the next. Please like, comment and follow to support us and rest assured we will start sharing some great ideas in the coming weeks. BluetonaFX
TVC:SILVER
by BluetonaFX
Silver Weekly TFAccording to the given data, it seems that silver is currently positioned at the peak of a bearish channel and has encountered a decline trend line from October 2011. Moreover, it has already reacted to this trend line, and it is anticipated that it will undergo further decline. Similarly, gold miners are facing a comparable situation with a similar percentage drop as that of gold, indicating that gold might also move towards bearishness. My area of focus lies between 22.150 and 22.442, There may be several confluences that could present potential buying opportunities in the given area of focus. Overall, the market outlook for silver and gold miners appears to be bearish, and it is likely that prices may decrease in the coming week. After experiencing a surge of 30.73% over the past 42 days, I anticipate a correction of approximately 15% in silver. This correction could signal a shift towards bullishness in the future.
TVC:SILVER
by ChartStrategist