SILVER Bullish PotentialABCD Bullish reversal pattern
Monthly support rejects the price and appears two Bullish Hammer and Inverted Hammer
Here This level is three Bullish Signal maybe this point is trend Reversal
Stop Loss: 18.04
Silveranalysis
XAGUSD Short Tram BUY signal....NOW
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XAGUSD - Silver Next Possible Move ??XAGUSD - Silver Technical Analysis Chart Update
Time Frame - H1
Patterns in Long Time Frame ( LTF )
1 - Bearish Channel with Rejection from the lower trend line ( LTL )
2 - Impulse Correction Impulse
Patterns in Shorter Time Frame ( STF )
1 - Elliot waves with Corrective '' B '' wave done now Heading Towards '' C ''
2 - Bearish Channel
3 - Rejection from Good Fibonacci Level - 23.70 %
4 - Divergence
Silver possible will Bull soon
Hey guys, this is part of my post earlier explaining the bigger picture and what we could be seeing till the end of the year into 2023. Gold and silver are both bouncing on previous support lines and after the next sell-off in the equity markets, we could see a double bottom solidifying the bottom for now and see precious metals bull hard maybe back up to the highs of this year before the next inflation cycle downturn early next year.
This idea is supported by the pattern with the AUD - USD, if you compare Silver with AUD they track perfectly so is a great indicator of precious metals markets (chart below).
DXY and yields falling also support this idea.
Silver Long Term AnalysisIn daily chart we can easily see Silver doing a bullish divergence. RSI is under 30 since nearly the beginning of the month so I think that looking really oversold. In addition to these if we look at the EMA 200 line which was resistance and support for many times, I think we can take that line as our reference target point. Since EMA200 and $22 support nearly at the same level thats not so impossible to see that location as target and a resistance.
SILVER (XAGUSD): How to Catch a Bullish Move? 🪙
Hey traders,
Silver is taking off from a major demand area that we spotted on a weekly time frame.
To catch a bullish move, watch a falling intraday parallel channel.
Your confirmation will be its bullish breakout.
After a breakout, a bullish move will be expected at least to 19.3 level.
If the price breaks a yellow structure to the downside, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
silver long...Am entering for 2.95R with a potential scale-in that might yield a total combined R of 4.25R.
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XAGUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments respectful.
Thanks for your support....
Jamie Gun2Head - Selling SilverTrade Idea: Selling silver
Reasoning: Finding resistance at the 61.8% Fibonacci level, may the bear trend continue!
Entry Level: 18.905
Take Profit Level: 18.150
Stop Loss: 19.110
Risk/Reward: 3.68:1
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Big Moment For SilverHi, this is my new update for Silver. Silver has lost 32% of its value since March 2022 and I expect we have reached the bottom. If we look at the purple rectangles we see that the area between $18 - 19.50 always acted like support and resistance level in different periods. In July 2020 we broke the multi year resistance level (2014-2020) and we never backtested. I think now we have finally backtested it like a support level and at the same time we have reached a 61.8% FIB retracement level. We also have an oversold RSI level and I expect we are going to make a double bottom in the RSI like I drew and that will give us a bullish momentum. In the short term I expect we are going from $18 - 20.50 to backtest the 200 weeks moving average and I will update you guys in the near future.
solverDue to the high momentum of the downward trend, the support of $18 will be broken and the price target is $12.8-13.7.
Silver under pressure and further downside is expectedSilver - Intraday - We look to Sell at 18.85 (stop at 19.09)
The medium term bias remains bearish. Previous support level of 18.74 broken. A weaker opening is expected to challenge bullish resolve. Bespoke resistance is located at 18.85. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 18.85, resulting in improved risk/reward.
Our profit targets will be 18.14 and 17.90
Resistance: 18.74 / 18.85 / 19.41
Support: 18.14 / 18.00 / 17.90
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XAGUSD Broken last Support Zone, Descending TriangleI am sorry I am a little late on this one since I have not traded it for a while. Just like gold (XAUUSD), Silver is also influenced directly by USD. With USD on steroids, silver has broken lower than the last support of 21.83. It is now approaching its first target zone marked in green, breaking where it will proceed to the target zone 2.
This trend will not stop until the Federal Reserve gives it a break on the hawkish policies to strengthen USD.
The large descending triangle covers the entire period where USD lost its ground owing to COVID and USA presidential elections and is now on its way to reclaim its glory, although through some very drastic measures.
Please consider these target zones to see the most probable future targets. In order to proceed to the Target zone 2, it must break lower than target zone 1.
Happy trading, Happier profits, be a responsible trader and ensure proper risk management :)
Silver XAG/USD - LongLooking at the daily chart on Silver, we are currently trading in the 5th wave of a decline. While some short-term weakness is possible towards 18.45/18.18, we recommend buying at these levels for a move back towards 21.68 and 22.70. The bullish RSI divergence confirms our view as well.
XAG/USD TECHNICAL ANALYSISOn the monthly and weekly analysis of silver, you can see the price has formed a double top pattern and broke the neckline. I expect the price to decline back to the area where covid started and that will be in confluence with the target of the double top pattern which is the 14.20 area unless any unpredictable events occur in the time being. This is a medium-term analysis so keep in mind prices can move up and down in the short term, rely on a lower time frame analysis for better entry prices.
DeGRAM | SILVER longSilver price went down and tested a major support zone.
Price action is likely to consolidate at that level.
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Silver CFD Analyzehello everyone
i think we reach to 38.2% fibo level and also a trendline.
we see two candlestick patterns too.
one bullish engulfing pattern
and one morning star pattern.
so maybe we could grow to 200MA and then correct again.
if you open a position dont forget too set your SL under this trendline
and early bottom u see in chart.
(!!!NOTE!!!
my posts are just my own opinion and you must trade and invest in your own strategy.
be careful and protect your capital first.)
thank you all for your supports
Silver / USD Long Term PositionSilver is in a falling wedge pattern. RSI indicator is in oversold area. Bollinger bands show a trend change because last candles are below the down Bollinger band. It can be inferred that it is time to buy and take a long position.
Target: 25.545
Entry: breakout to the upside from the falling wedge
SILVER (XAGUSD) Key Levels to Watch This Week 🪙
Here is my latest structure analysis for Silver.
Support 1: 18.83 - 19.63 weekly demand area.
Resistance 1: 20.45 - 20.67 daily supply area.
Vertical resistance 1: falling trend line connecting lower highs.
Because the market is trading in a bearish trend,
pay close attention to a contracting confluence zone between the horizontal resistance area and a falling trend line.
From there, I will look for trend-following opportunities.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Silver can drop to 18.90After the false up break of resistance from late May and the beginning of June, Silver has started to drop again and, last week has finally dropped under important 20.50 support.
Now Silver is trading also under 20usd figure and there is a high probability of down continuation.
Rallies above 20 should be sold with a target of 18.90 support and negation above 20.50
Silver underlying support, wave count, and target of $34+Thanks for viewing,
Big fan of silver as a way to gain leverage over an increasing gold price. So where to we sit currently?
- After a huge (~+150%) run-up From March to mid 2020 (depending on the chart source - some charts (like this one put the local high at Feb '21) silver entered a period of mostly sideways consolidation.
- The goldsilver ratio has swung dramatically, from over 120:1 in March 2020 to a low of 62.5 in Feb '21 and since then has had a mild up-trend and now sits at around 72:1. Of late, silver has performed unfavourably versus gold.
- The US Fed rate (which is updated tomorrow) currently sits at 0.25% - unchanged since March '20 (investing dot com forecasts no change at that next meeting).
- US monthly Inflation numbers (depending on the source) indicates inflation on the rise (fred.stlouisfed.org) Which will mean that low-yielding long-term government debt will stay neutral or below inflation and possibly move to a even greater negative real yield (Presently 1.3% US10y yield less 5% (5% taken from investing dot com) inflation is presently a -3.7% real yield)). If you take the CPI numbers (fred.stlouisfed.org) the real yield is almost exactly ZERO - not negative, but not exactly attractive (and also not protective to the holders in the eventuality of continued rising inflation)
- US Federal debt (on balance sheet anyway - off balance (or "unfunded") sheet debt is around 5 times higher) rose 21% since the start of 2020. I don't think it is a controversial statement to say that this level of debt will be a significant future challenge to service unless interest rates stay depressed medium to long-term and the principal is repaid in significantly depreciated currency).
Ok, there is more, but the general case for silver remains intact and the outlook for gold and silver remains medium to long-term bullish. So, what is next?
I put a possible wave count for silver and some possible support levels. I especially pay attention to areas where a number of different areas of support converge; e.g. peak or trough support, fib extension / retracement levels, trend-line etc. So we seem to have one of those levels approaching with;
- The 0.382 for the full 2020 move seeming to provide strong support,
- Fib extensions almost perfectly hit the 1.618 before bouncing three times now,
- Lower trend-line support isn't too far below current prices at around 23 (this isn't a strong trend-line as there are only two points - but the larger price trend forms a generally symmetrical triangle with around 6 points of contact),
- Seemingly strong level support sits at 23.781 and is coincident with other smaller areas of support,
- I don't expect we will see prices below $24.
The only reason why I don't point to Elliot Wave as indicating a local bottom at the current swing low is that I see another small wave down to end the current correction.
Importantly, I am starting to see some RSI bullish divergence on the 4hrly - which is also evident on the daily chart. I definitely pay attention when the RSI starts to form higher lows while the price heads lower. It's a good time to think about getting in or out - or at least scaling in / out / taking profit. At a minimum it shows a slowing in the price momentum.
So, to continue my Memoirs :) I am not looking to the next Fed rate decision - unless they suddenly hike it to above 3% (which is basically impossible now if the US is ever to service is current (and fast expanding) public debt) - the long-term case for gold and silver remains in place. I posted yesterday that I can see, one of the possible future scenarios being $2140 gold in the near-term (an 18.5% rise) and silver could conservatively be expected to double that % rise which would put it around $34/oz.
Best of luck everyone, and protect those funds.
Current silver XAG resemble BTC 2018 pattern As the points numbered it has some resemblance between BTC and Silver (current price: $25.70) where points 1-5 has already touched an important trendline. To see what will happen to the future price action, we will have to see what is the price reaction at the trendline.
If it hovers around the top of the trendline a quite some time, go LONG when the price tighten and the spread is small seems to be a better probability.
If price get some kind of dramatic reaction especially to the down side of the trendline, expect a CAPITULATION event happening soon. Long term holders will have to place their stop loss lower than $7 mark. Short term holders can place orders around the $12-$9 mark and expect a bull run for 2-5 years afterwards.
Of course the timeframe for BTC is daily and silver is weekly however because BTC moves fast and large enough I consider them to offsetting each other. However if its outside this plan you should know where to place the stop losses with reasonable R:R ratio.
May the best plan wins!!
