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Silveranalysis

Updated Silver AnalysisLooks like my previous look on silver was wrong. Looks like it is still within a wedge and we are looking for a breakout within the next few months. After the breakout I'd fully expect to see at silver at a minimum of $50 an ounce. Personally, I'm seeing costs of goods go up higher than that currently, with the addition of increased labor rates, some raw materials are close to 3x what they were a year ago. It's only a matter of time before silver does the same.
TVC:SILVERLong
by thephysicsguy1
BIG BULL COMING ON XAG/USD (SILVER) 🤔XAG/USD (SILVER) is most likely to go much higher in the coming days. Most likely we are going for the 3rd wave and if not that then we are going for the wave C. Silver looks like finished the 2nd wave correction on a short-term basis, but we have a chance to come down around 61.8% of Fibo to finish correction. So we will wait and see price action to confirm the trend and after that, we can go long. The black line is preferred and the red one is an alternative for the short term. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #XAGUSD #SILVER #silver #xagusd
FX_IDC:XAGUSDLong
by anantadhungana
SILVER - Test will be at 28.8 $CPI data coming up this week (tomorrow) and safe havens could be ready for a flight. Methodology. A consumer price index ( CPI ) is a measure of the average price of a fixed basket consumer goods and services purchased by households. It is one of several price indices calculated by national statistical agencies. The percent change in the CPI is a measure of inflation . Understanding Safe Havens A safe haven investment diversifies an investor’s portfolio and is beneficial in times of market volatility. Most times, when the market rises or falls, it is for a short period of time. However, there are times, such as during an economic recession, when the downturn of the market is prolonged. When the market is in turmoil, the market value of most investments falls steeply. One Love, the FXPROFESSOR
OANDA:XAGUSDLong
by FX_Professor
1
Silver: Tenacious B 🐻The rock band “Tenacious D” consisting of Jack Black and Kyle Gass must soon face competition, namely from “Tenacious B”. The bears on the silver market have rightfully earned this name by perseveringly dragging silver further down despite recurrent countermovement. The expression “to bear up” doesn’t exist for nothing, after all! We expect the bears to keep going and to lead silver below the support at $21.98 and into the lower orange zone between $21.39 and $20.27, where wave iii in orange should end. The following countermovement in wave iv in orange into the upper orange zone between $22.90 and $23.52 should serve as a booster for the greater downwards movement, which should then continue below $21.98.
COMEX:SI1!Short
by MarketIntel
MarketBreakdown | EURUSD, Bitcoin, Silver, AUDNZD Hey traders, here is a brief technical outlook of 4 peculiar instruments on my watch list. 1️⃣ EURUSD - Daily time frame 🇪🇺🇺🇸 Yesterday the price broke the last higher low level to the downside setting a lower low. It is a very strong bearish clue and now the pair may drop lower. Directional bias is bearish now. 2️⃣ Bitcoin (BTCUSD) - 3 days time frame After a confirmed bullish breakout of a major supply cluster, Bitcoin is consolidating. The market is trading within a narrow horizontal trading range. I believe that soon a strong bullish rally will initiate. 3️⃣ Silver (XAGUSD) - Weekly time frame 🪙 After a bullish breakout of a major falling trend line, the price is approaching that again. Wait for one more test of that trend line and wait for a confirmation to buy. 4️⃣ AUDNZD - Monthly time frame 🇦🇺 🇳🇿 The market is approaching a major monthly falling trend line. I will expect a correctional movement from that. Wait for confirmation on lower time frames to short. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
10