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Silveranalysis

Silver - Are you ready? Hi, this is my new update for Silver. This week we got a big green weekly candle (+10%). We lost a big support level 2 weeks ago around 21.50$ and now we are above it again, I think that was beautiful bear trap. Right now we have smashed all daily and weekly moving averages and we are getting back the bullish momentum on daily chart. Another thing that is bullish in silver chart is that we are in a bullish expanding triangle and I expect we are going to break both the trendline and the the resistance around 24.40$ on this wave.
TVC:SILVERLong
by GOAT1375
Silver's Price Outlook: Targets for Uptrend and Downtrend ScenarThe resistance level at 67160 is a critical level for silver's trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360 , 68760 , and even as high as 69300+ . However, it's important to note that these targets are not guaranteed and depend on the price's ability to overcome the resistance level. On the other hand, if the price fails to break above the resistance, we may expect a potential downtrend. In this scenario, downside targets may include 65600 and 65060 below the critical resistance level.
MCX:SILVER1!
by freestocktips
We now wait for NFP!We now wait for the NFP! Here we have the silver chart in-front of us! We are currently within the range of lows: 19.800 highs: 20.450, Pattern: Triangle/ Bear flag If we are to go above key resistance area and above 50EMA + TL resistance I expect first target to be 20.750 areas and then 200 EMA areas which is around next resistance zone of 21.400. However, we are to decline with a strong NFP, I expect 19.500/400 to be your target areas. Regarding NFP checking the other data as well, see the differential of it and is it at a vast numeric change. Trade Journal
FX:XAGUSD
by Trade_Journal
Silver: Profit can be made by short selling in this area Time is fair. Whether you are lazy or hardworking, time will gradually give you the answer that belongs to you. Those who cherish time will be cherished by time! Currently, the pressure on silver is concentrated in the 21.5 area, where short selling can still be repeated. Silver has not followed the recent rise in gold prices, largely due to previous pressure. Currently, silver is more closely following the trend of commodities, similar to oil. After all, there will only be industrial demand in the later stages of economic recovery. At present, it is still in a period of economic recession, so there is naturally no significant upward movement. However, after the stabilization of gold adjustments in the later stages, if they both rise simultaneously again, silver's rise will definitely be greater than gold's. Furthermore, there is a possibility that the dark horse will continue to test historical highs in the future. Currently, short selling is still recommended at the 20-21 area with a stop loss at 22, and long positions can be tentatively initiated in batches near 19.5.
COMEX_MINI:SIL1!Short
by triumphing
XAG/USD sees new YTD low as selloff continuesThe recent gains in precious metals, most notably gold but also silver, were backed by beliefs that a slowing economy would give way to the end of rate hikes by the Fed, and even possibly a few cuts before year-end. The economic data from December backed this view, which led investors to believe that the US economy was struggling, as CPI, PPI, retail sales, and industrial production all fell well below expectations. The change in expectations about the future of the economy given the sudden and unexpected pickup in economic data has left markets confused for the past few weeks, and those assets that were performing best during the time when investors believed a recession was on the cards - like gold and silver - are now suffering the most. There is no denying the downward bias in XAG/USD as the pair dips to a three-and-a-half-month low, but the oversold RSI could trigger some consolidation before the downward trend continues. The precious metal seems to have found some small support around $20.40, bouncing back towards Monday’s close at $20.61. That said, the daily candlesticks are still forming lower lows and highs, which suggests that any level of support is most likely to be short-lived unless the fundamental view reverses. I think it’s only a matter of time before we move lower to the $20 mark, which is an important level in and of itself. This will be a good test of buying demand as there are likely to be some stops placed in and around this psychological round number, which could trigger a small bounce higher. In any case, we may see some consolidation around current levels before getting there, with the potential for an attempted rebound which could fade around $20.80.
CAPITALCOM:SILVER
by Capitalcom
Silver just gave a strong sell signal with fundamentalsHead and Shoulders formed on the daily of Silver. The price could next head on up to trap the bulls before the downside (forming a Right shoulder). 21>7 MA Price <200 - Bearish (Red back) RSI<30 - Bearish Target $16.30 ABOUT Silver and why the price could drop Silver is a precious metal that has been used for coins, jewelry, and decorative purposes for thousands of years. Silver is a valuable industrial metal, used in a variety of applications such as electronics, solar panels, and batteries. The price of silver is influenced by supply and demand factors, such as the amount of silver available for sale and the level of demand from investors and industrial users. If investors perceive that there is less inflation risk or less economic uncertainty, they may shift their investments away from precious metals like silver, which could cause the price to drop. Now that inflation is slowing easing, this is why people could be shifting their money to other markets. The value of the US dollar, which is often inversely related to the price of silver, can impact the metal's price. If the dollar strengthens, the price of silver normally drops where investors seek other investment options. If there is a decrease in geopolitical tensions or risks, investors may shift their investment focus away from precious metals like silver, which could cause the price to drop.
COMEX:SI1!Short
by Timonrosso
1
Silver - Beautiful Support Level Hi, this is my new update for Silver. On 9th may 2022 we broke important support level 21.60 - 22.10$ in Silver and after ranging below it for 210 days, we finally broke the resistance on December 1st. In the last couple of days we are testing it, to see if it holds as support level again or not. I expect that we are going to hold the support level, because at the same time we have 100 and 200 days moving averages near the support level, we have also 50 and 200 weeks moving averages, so we are little bit to lucky :) Another thing we're looking at is that we are in a bullish expanding triangle and at the same we are getting back the bullish momentum in monthly timeframe for the first time since 2021. We have to be cautious too, because if we break the support level, I expect we are going much lower than 20$.
TVC:SILVERLong
by GOAT1375
1
Silver -> The Bounce Is InevitableHello Traders, welcome to this free and educational multi-timeframe technical analysis. The last three weeks Silver perfectly tested a quite obvious previous weekly support zone, which was now turned resistance and with this weeks candle the market finally rejected the zone towards the downside. Considering the fact that we are now testing an insanely strong weekly support zone, I do at least expect a short term short covering rally towards the upside, after Fridays harsh dump towards the downside. From a daily perspective we are also close to retesting previous support, so I am now just waiting for a deeper retest of the support zone, before I will then enter a long position on Silver. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAGUSDLong
by basictradingtv
44