Potential Double Top Forming on SI Daily ChartSilver touching major resistance area and potentially forming a double top if it can't break above 26.50.
I also noticed a double bottom that's playing out on the 15 minute chart that I missed while being away.
Could go either way, but I think fundamentals support bulls.
Silveranalysis
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.
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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
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BluetonaFX
Silver Pulling BackNot perfect, but big shooting star on SI daily chart along with break below the 50EMA on the 4 hour chart makes me think Silver may pullback to major support from 24.00-24.60 before shooting back up. Could the star really be the 2nd top of a double-top? Time will tell. Holding steady for now.
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.
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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.
DeGRAM | SILVER buy pullbackSilver pulled back against the bullish trend.
Price is trading in the ascending channel, and it made a higher high.
We expect a breakout of the trendline and then a further bullish move to retest the resistance.
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HI HO SILVERThis is the play, silver goes to 36. on 6/3 perhaps. My date is labeled on the chart. Have a gander because i said on a previous chart (link in description SILVER CHART MINDSET), there is only 3 ways to look at silver. and to my surprise, silver suprised me.
Not at the top, we are almost there, before it recurses to the .5 or more.
Silver/USD AB=CD Bullish Reversal Pattern - 1hr time frameAB = CD Harmonic Pattern formation has been observed which indicates an increase in the Silver Price (USD).
You can buy at 25.150 price point. Place a Stop Loss at 24.760.
Take Profit 1 @ 1:1 risk/reward will be 25.509 and Take Profit 2 @ 1:2 risk/reward, will be 25.890.
SILVER - XAG - Why I m BEARISH - FULL SETUPSilver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits.
There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows that interest will soon decrease if the price does not have a serious correction.
I saw the first step on Friday when it rejected the support on the Weekly chart and fell quite nicely, but I have a SELL order above which is safer and could produce a nice profit.
Silver price's bullish break-through...Silver price has just pushed through critical juncture where both short-term ascending and long-term descending trend resistance lines have crossed. To say that this breaking through both of these is bullish for silver would be an understatement.
SILVER (XAGUSD) One More Bullish Wave Coming?! 🪙
After a strong bullish impulse, Silver was accumulating for some time within an ascending
triangle formation on 4H time frame.
Its neckline was broken during the Asian session.
We see its retest now.
It looks to me that the market may bounce one more time.
Next goal for buyers - 25.7
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SLV ETF is screaming with a BUY signalSilver may outperform gold for the short term as SLV is screaming for attention. It just had a recent golden cross along with a by-signal measured by Aroon up. So don't miss out on this one at all! I'm also testing the same theory with other highly liquid ETFs as well for tomorrow's trading day.