Silveranalysis
Silver: Into the Green 🌱 🌿Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94 and afterwards even further below $21.41.
Still, there is a 38% chance that silver could surmount the green zone and rise above the resistance at $24.75. If it makes it even above $25.49 afterwards, it should continue the ascent.
SILVER (XAGUSD) Key Levels to Watch 🥈
Hey traders,
Here are the key levels for you to watch on Silver.
The closest demand zone from where I am looking for buying opportunities is 21.3 - 22.0 area.
Let the price reach that first and then look for a confirmation to catch a pullback trade.
The closest strong resistance is based on a major falling trend line.
Let the price test that and look for a confirmation to sell following the trend.
In case of a bullish breakout of a trend line, the next resistance to watch will be 25.2 - 25.4 supply area.
Being structure traders key levels give us the safest points to trade from.
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silver Silver ( XAGUSD ) is still in the sideways move since mid-2021 ,Silver is trying hard every time to penetrate the resistance levels especially the 50 EMA line
Today the Silver (XAGUSD) is trying to close above the 50 EMA line for the first time in February . if the Silver ( XAGUSD ) can close above the 23.08 level it will be a buy signal and the next resistance levels will be 23.6 and 24.44 which is the main short term resistance level (200MA blue line).
SILVER top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
SILVER (XAGUSD) | The best place to buy🎯Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the count we had at higher times, we came to the conclusion that we will have an upward trend.
This trend may be for wave 3 from the lead or for wave c from the correction.
At this time, a wave has formed in a leading form, which we have labeled as the main wave 1, and now we doubt the beginning of wave 3 or still within the correction process for wave 2.
For this purpose, we considered several ranges. The first range is the breaking of the canal roof (green circle), which is a confirmation for the beginning of wave 3 and the ascending trend.
The next price range will be 21,000, which will be a downtrend if this range is completely broken.
In the next analysis, we will specify in more detail what the ascending and descending scenario is like.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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SILVER - XAGUSD - LONG SETUPWe're looking for the LONG in Silver.
Market has retraced to the 382 of the whole swing from Mar 2020 - present.
It has also retraced 50 of swing higher from December 2021 - present.
It has knocked on the door of a trend line connecting tops from May 2021-present.
Currently market has come back to retest the breakout are from which it went higher.
From here we're are looking for a LONG entry.
Target would be the ABCD pattern taking us to 26.400
MarketBreakdown | EURUSD, USDCAD, GBPCHF, SILVER
Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ EURUSD - 3 days time frame 🇪🇺🇺🇸
Even though last week was very bullish for EURUSD,
we should remember that the pair is still trading in a long-term bearish trend.
After setting a lower low last week the pair perfectly retraced to a major horizontal zone of supply based on the historical structure.
For now, the underlined zone looks respected.
I expect a further decline from that.
2️⃣ USDCAD - 12H time frame 🇺🇸🇨🇦
For the last two weeks, the pair is consolidating.
The price is trading within a narrow trading range.
1.265 is its support.
1.28 is its resistance.
Wait for a breakout of the range to catch the next move
or consider intraday trading within the boundaries of the range selling the resistance and buying the support.
3️⃣ GBPCHF - Weekly time frame 🇬🇧🇨🇭
GBPCHF is trading in a bearish trend.
Lower highs are perfectly respecting a major falling trend line.
Last week the price reached that again.
With a high probability, the next bearish move will initiate from there.
Look for confirmation on lower time frames to short.
4️⃣Silver (XAGUSD) - Daily time frame 🪙
It looks like the market is forming a bearish accumulation pattern.
The price keeps setting lower highs respecting the same lows.
Be ready for an occasional breakout attempt of the horizontal support.
Alternatively, a bullish breakout of a falling trend line will be a bullish signal.
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Silver Still bearish Hey guys, This is a follow up to my last silver post against stating the fact in the short-medium term Silver and the overall market travel together. Obviously not to the same percentages but direction, This is why Silver is a great indicator to overall market direction. I still feel Silver will fall to at least the C line before consolidating which would work with the us100 falling again over the next week. If Silver closes below the green line with that bearish candle it will be a quick fall to that Sub $20 mark. These points are also backed by the DXY gaining momentum after its little pullback.
SILVER (XAGUSD) | The best place to buy🎯Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the count we had at higher times, we came to the conclusion that we will have an upward trend.
This trend may be for wave 3 from the lead or for wave c from the correction.
At this time, a wave has formed in a leading form, which we have labeled as the main wave 1, and now we doubt the beginning of wave 3 or still in the correction process for wave 2.
For this purpose, we considered several ranges. The first range is the breaking of the canal roof (red circle), which is a confirmation for the beginning of wave 3 and the ascending trend.
The next price range will be 21000, which is a downtrend if this range is completely broken.
In the next analysis, we will determine more precisely what the ascending and descending scenario is like.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Silver: No Dormancy 🐻 🐻 🐻 Usually, at this time of year, bears would be snuggled up in a cozy cave or den for their annual dormancy. However, at the silver market, they are full of beans and hold onto the price fast.
After agonizing about it for a while, the silver price has finally fallen below the resistance at $23.48. Thus, we consider the downward trend we predicted affirmed. If the bears can keep the price below $23.48, we expect it to go even lower and break through the next marks at $21.94 and $21.41.
Still, there remains a 30% chance that the bulls could interfere and cause a change of direction. If they prevail and bring the price back above $23.48, they could even manage to shove it above the resistance at $25.49.
Silver Analysis (Bearish)Hello,
According to my wave count, i expect another decline for silver below previous low. It looks like we are at wave 4 of C that is taking a triangle shape. if that's in fact a triangle, i expect Xag/Usd trading between $18 in the next few weeks. After that occurs we have had completed a bearish wave pattern. Only time will prove me right or wrong
Happy trading!