SLIVER, buy from support lineI expect a rebound from the green support line and continued growth.
TP around 24.70.
GG
P.S.
This is not financial advice of course, just my idea.
Silveranalysis
Silver’s rally has been strong, but a pullback could be dueI do not expect this to be a popular view, given the excitement of the rally on metals in general in recent weeks. But no trend lasts forever and we’ve not really seen much of a pullback on silver prices lately. Besides, silver has risen nearly 40% since the September low and fast approaching the upper trendline from a wide (slightly bearish) channel. The tendline also resides near the monthly R1 pivot and $25.
Prices are holding above trend support on the daily chart, but a bearish divergence has been forming with the RSI (14) as its rally has lost steam over the past couple of weeks. A bearish pinbar also suggests bulls are losing control, so we’re now waiting to either see momentum turn lower or provide a series of bearish reversal candles below $25.
The main issue with trying to pick turning points are it can leave one vulnerable to a series of false entries and/or giving up before the turn. Therefore, bears may want to use smaller positions with a wider stop, and fade into spikes below $25 before increasing exposure if momentum does finally turn lower. Alternatively, bears could wait for a break beneath the monthly pivot point to confirm a trend reversal on the daily chart.
Week-12, Long on XAGUSD on breakoutsLong on XAGUSD on the basis of trading strategy 1 based on different principles
Silver Trend is looking downside with a daily target of 23.50Silver Trend Chart is looking downside with a strong resistance of 24.50 with a daily profit of 23.50
SILVER XAG/USD Major Bullrun Ahead?SILVER XAGUSD once above the green zone will fly and do a 4 to 5x over the upcoming years.
Get in now.
CFDS ON SILVER52-Week High 27.500
14 Day RSI at 80% 25.112
Pivot Point 3rd Level Resistance 24.219
23.890 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 23.719
23.642 61.8% Retracement from the 52 Week Low
Pivot Point 1st Resistance Point 23.379
High 23.220 High
1-Month High 23.220
13-Week High 23.220
Last 23.038s Last
14 Day RSI at 70% 22.958
22.879 Pivot Point
22.696 14-3 Day Raw Stochastic at 80%
Previous Close 22.637 Previous Close
Silver Analysis 01.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Silver Fractal Analysis $50 short time frame analysis, silver could go much higher than $50.
this is however just a short term analysis, until we break resistance and turn support $50 is the target price.
NEW YEAR GIFT TO EVERYONE.OANDA:XAUUSD
reasons of bullish rally expected
USD bullish up to 90 to 95 levels which is negative relation with stock markets.
when there is bearish market people switch there investments to asset like gold and silver.
near the resistance level which have been tested 4 times now expected to break as gold has also broke its resistance level now.
These are all my observation for the rally.
all the best and happy new year to everyone.
DeGRAM | SILVER long Silver is in a bullish trend.
Price is coiling up before expansion by printing lower highs and higher lows.
The market is moving sideways, and we expect a breakout of the resistance and then a further bullish move.
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SILVER TESTING NEW RESISTANCE?!After making a retracement on the uptrend line, silver is testing a resistance and you can see it since daily time-frame
Also if you use RSI and MACD you can perfectly see the lines changing directions in different time-frames
RSI at 30m and 15m change direction after being at level 70 close from overbought zone
My SL and TP:
SL: 23.94764
TP: 23.62293
SILVER STILL RISE? STRONG UPTRENDAs we can see we've a good trend for a long strategy. The candles have already tested the support line, but the price of silver continues to rise, and we believe in more higher highs and higher lows, at least until the orange line to be tested (it's a daily resistance, that I've been using for a long time)
ISHARES SILVER TRUSTIt is important to remember that trading in any financial market carries inherent risks, and it is essential to develop a sound trading strategy and properly manage your risk in order to minimize potential losses.
silver analysisThe probable trend of silver
The second goal is very important and the possibility of heavy modification is very high
SILVER (XAGUSD) Detailed Technical Outlook 🪙
Trading plan on Silver.
Key levels & price action.
Potential scenarios explained.
❤️Please, support this video with like and comment!❤️
Silver Investment Plan - 20/Dec/2022Hello Traders,
Hope you all are doing good!!
I expect SILVER to go Down after finishing the current wave.
Look for your SELL setups.
Considering the fact that there are also traders looking for ideas wrt investment purpose, I will be posting my view on few assets for Long term trades.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
XAG/USD ShortHello , there is a pattern already completed .
My idea is that XAGUSD will hit at 21.65 as first target .
As a second target i will set 21.30 and as a third target 21.
! Beware this is not a signal , if you decide to take the trade then it is on your own risk !
Silver: Next Up 3! 😎The following developments for the silver price should be characterized by further increases until the green wave 3 is completed and forces the bulls to rest a little bit. However, a more prominent 3rd-degree-wave, namely the blue wave (iii), should be completed between $26.95 and $29.06, before pushing the course back down South. In any case, movements below $22.19 would force us to switch to a more bearish outlook.
SILVER BIAS: SELLSell it now. The trendline has been broken. and the 23.562 support level has been retested and rejected now. Also, a bearish engulfing candle had formed, showing us the sell continuation. Sell it and take a profit from 22.527.
DeGRAM | Silver divergenceSilver double topped at the resistance.
Price action shows a divergence in the daily and 4H timeframes.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback.
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XAGUSD SHOWING SIGNS FOR WEAKNESSForming rising Wedge in H4 Timeframe
Rsi also printing Bearish divergence
Incase Of Downside Breakout expecting Bearish Impulse
SILVER:BUY From Resistance FIBO Levels For a LONG PullbackSILVER reaches the Fibonacci levels of 50% and 61.8% in confluence with the dynamic trendline to have a new pullback in the direction of the main trend long. Yesterday had a solid reaction to the FOMC release news with a Bearish impulse. Today's price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Our forecast is about a pullback in this area with a recovery of value by the Silver.
Bullish entry from small frame consolidation breakout!Alright guys, our bearish cycle started from the price level of ~27.94 and ended at the price level of ~17.59. Considering both these extremes we have a very broad range of over 5000+ pips to play in between. We are now having multiple PAs to confirm our bullish continuation, such as:
1- Major Inverted Head & Shoulders pattern with a broken neckline, marking the reversal to expect higher levels.
2- As target zone 1 (First Supply zone, the first small red box 22-22.6) was hit, we claimed the due correction to back to 20.60s range as elaborated in my previous idea about (see related ideas).
3- We are now headed for the target area of ~23.30-23.45 which is near our 0.618 fibo retracement level resistance. From this level, expect some small frame (H4) connection, our next long entry will be from this consolidation breakout exit if it appears . Therefore, have patience and wait for the sharpest entry.
Major Target zone in the big red box is where we probably heading as we break through the Golden resistance at 0.618 Fibo retracement as mentioned in the chart.
Best of Luck and Happy Trading :-)
The major reversal trend driver is the announcement of the federal reserve over easing out on aggressive monetary policies!
