DeGRAM | SILVER in upward channelSilver is in a bullish trend.
Price is coiling up before expansion by creating a consolidation zone following bullish momentum.
The market is moving sideways, and we expect a breakout of the resistance and then a further bullish move.
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Silveranalysis
Silver set to explode. According to my Elliott wave analysis, Silver is in the early stages of a third impulsive wave, which is part of a larger third impulsive wave. This is the most explosive wave, with significant price gains expected. The recent breakthrough of a crucial Fibonacci resistance level at $24.66 confirms this outlook. With this level breached, silver now has a clear path to reach $45 in the coming months, with a potential fifth impulse wave pushing it to around $83.
Brace for some serious excitement in the coming months!
silver It will rise again soon
After the adjustment, it will rise again
Silver exceeds 24.62 in front. It is trapped in the adjustment stage. This is just to go further. You can further develop in the short term, so many head views will not change. It is recommended to buy 24.62, risk control 24.46 and target 25.10 ~ 25.30 to 25.50.
The chart is 4H picture
The bullishness is based on the following reasons:
1. Yesterday, silver showed signs of blocking. In the short term, this is just a correction.
2. According to the update of the wave trading system, the rise of 3 waves 1 has not yet ended, and it has entered the rise of Sub -Wave 5.
3. The pressure within a day is 25.30-25.50, 24.63-24.46 support
Question little assistant
What should I do if I feel stressed when doing transactions?
In my trading career, I have encountered a lot of frustration and pressure. However, I realized that the mentality determines everything. So when I encounter losses, I will spend time to analyze the problem of trading strategies. At the same time, I will also find some ways to regulate emotions, such as chatting with friends, reading, exercise, etc., and do something to relax myself.
When my mentality is relatively low, I will also suggest myself, tell myself to relax, don't be too anxious, to correct the irritable side of my personality. With a subtle way, my mentality was slowly improved under my long -term deliberate adjustment. Even if it is a period of decay, it will not be as uncomfortable as dying. It is just a small stimulus like a current. It feels a bit uncomfortable, but you can still adhere to your own trading strategy.
TVC:SILVER MCX:SILVER1! COMEX:SI1!
SILVER - Good Opportunity Hi, this is my new update for Silver. Finally today we have broken one of the biggest trendline in the history of Silver. In the past 2 years we have been stuck under this trendline and after testing it for the 6th time we finally see a good breakout, but not everything is certain right now. Two months ago I told you guys that we are in a "bullish expanding triangle" and I expect we are going to see a breakout and now it is time to see if this breakout holds.
First we have to test the resistance between 25.80 - 26.50$ and at the same time we are testing the 70.2% Fibonacci retracement level. I expect after we have tested those levels we are going to backtest the trendline and the support level around 24.30$ and if these levels holds that indicates the we have a valid bullish expanding triangle and we are going much higher.
At the same time we are in an overbought area in RSI chart and if everything I explained above happens I think we are going to see the RSI test the bullish area of 40 levels and it is going to bounce from that area.
Also good to see that we are getting back bullish momentum on weekly and monthly timeframes.
Silver/XAGUSD end of session updateSilver prices shows positive trades now in attempt to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for today, which targets testing 25.30 as a next station.
Therefore, no change to the positive scenario that depends on the price stability above 24.90, as breaking it will force the price to turn to decline and head towards 24.05 before any new positive attempt.
My long chart one week on SILVER! MUST watch! Hi, we expect your silver to explode in the near future. You need to prepare for it. I am willing to join this bullish move after a correction to the 0.5 Fib level of this range.
I expect limit orders at this $24 level.
let's see, leave a comment if you agree.
Silver Short Term Sell IdeaH4 - Price has reached a key resistance zone.
Bearish divergence.
No opposite signs.
H1 - Bearish divergence.
Until the key resistance zone holds my short term view remains bearish here.
If the price breaks below the low at 23.561 we may then consider it as a validation for this bearish view.
Silver short (NEW)We have identified a rising wedge. We expect the price to hit the previous resistance but expect it to be reject and drop-down back to the previous support levels.
We also noticed the bearish cross-over on the MACD-line and bearish divergences.
Short on the 4h timeframe -
Entry price 24.54
Exit price 23.275
Stop loss at 24.8
Risk reward ratio: 4.87
SILVER (XAGUSD): 3 Important Resistances to Watch 🪙
Silver is unstoppable.
The market keeps growing like crazy.
Here are 3 important structure resistances from where we may see a pullback.
Resistance 1: 24.28 - 24.63 area
Resistance 2: 25.82 - 26.22 area
Resistance 3: 26.7 - 26.9 area
Consider these structures for pullback / breakout trading.
❤️Please, support my work with like, thank you!❤️
Silver bouncing down from the channel high? Stochastic showing overbought conditions for quite some time on the daily chart.
We have seen this retracement down many times before, it acts as a strong resistance.
The 4-hour chart helps navigate the shorter-term direction with an immediate hurdle at around $22.56, which can be used for early exits.
The longer term target could be at around $22.10, which is the zone we also visited many times before.
XAGUSD Next MovePair : XAGUSD ( Silver / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame and it has Breakout the Lower Trend Line and Completed the Retracement
Break of Structure
Fibonacci Level - 78.60%
Rejecting from Strong S / R Level
Divergence
Impulse Correction Impulse
Elliot Waves
Silver Futures March April Challange Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation!
Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that.
Bearish: Here for the bearish operation we are waiting a retest in our candle, rejecting the resitance level and then going back to support, we gonna also pay attetion if the price after the retest in the resistance will not go directly to the next suport zone, but is gonna restest at a fib level.
SILVER - MEGA SHORTSILVER grew forced by the lost trust in BANKS, so that precious metals rose in front of GOLD, but once the banking market calms down, a price correction follows that will bring down the price of metals.
In addition, a rising wedge has formed on the 4h chart that can be broken at any moment. So we have the possibility to make a nice profit taking into account the very small risk.
DeGRAM | Silver deceleration at resistanceSilver is decelerating while approaching the resistance level.
The market shows massive divergence on the 4H timeframe and pinbars.
We anticipate a short-term pullback and even further movement down if price breaks and closes below the ascending channel.
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SILVERHey everyone, i thought i would share my idea on silver.
Silver has had 2 x ATHs in its history. Both times hit at about $50 Once in 1980 and the othjerr 2011.
I think silver is well undervalued and think it could easy hit its ATH but this time will set a record new ATH.
Ive kept my anylisis simple on this one, just basic support, resistance, trendlines and moving averages.
So firstly the measured move from 1976 to 1980 played out from 1995 to 2011.
I now have set 2 more measured moves, the big one in green and the smaller one in blue.
The small measured move would take us to $50 ATH but then with a retrace its probable that it will hit new ATH.
But a bit of confluence would be the 200 MA it is trading above it and the moverages averages are getting tightly squeezzed, due a move up.
Another confluence would be the cup & handy thats been forming since the last ATH in 2011 its in its handle right now which looks to me is ready to break out to the upside.
As i always say this is all probability, and definetly not financial advice :)
Silver CDF's Bullish outcomeWhen it comes to commodities, silver always comes to my mind as an inflation hedge option.
Certain benefits Silver offers :
1) Inflation hedge: Silver has historically been used as a hedge against inflation. When inflation rises, the purchasing power of fiat currencies decreases, but the value of silver tends to increase. By holding silver, you can protect your wealth from the effects of inflation.
2) Diversification: Holding silver can help you diversify your portfolio. If you only hold stocks or bonds, you are exposed to market volatility and economic downturns. By adding silver to your portfolio, you can spread your risk and potentially reduce your overall portfolio risk.
3) Industrial demand: Silver is a key component in many industrial applications, such as electronics, solar panels, and medical equipment. As technology continues to advance, the demand for silver is likely to increase, which could drive up the price of silver.
4) Limited supply: While the supply of silver is not infinite, it is much more abundant than gold. However, the mining of new silver is becoming more difficult and expensive, and many silver mines are reaching the end of their lifespan. This limited supply could drive up the price of silver in the future.
5) Tangible asset: Unlike fiat currencies or stocks, silver is a tangible asset that you can hold in your hand. This can provide a sense of security and stability, especially during times of economic uncertainty.
Silver squeeze. 43 Dollar SilverHold your horses! Silver looks as if its ready for a squeeze ! I predict an impulse movement creating silvers ATH any day now. 80 dollars, however i do not think it will sustain there long, most likely finding a bottom of 43 dollars. Then up to 111 dollars peaking impulse around mid-to-late June.