Get started

Silveranalysis

Silver Price Forecast - Cup & Handle In SightToday I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale. After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern. As the price took 40 years to get to this point, it will take time for a breakout. Assuming the price breaks out, the target price from this pattern is about $60. That would be a 146% gain. This may take more than a decade to happen though. In 2011, the price created an all time high at around $50, but also created a shooting star candle which is bearish. This brought the price down to create the handle of the cup and handle pattern. Lastly, the Fibonacci Extension level brings the target price to 1.618, which is the Golden Ratio. Keep in mind that it took the price 40 years to get to this bullish pattern of cup and handle, so expect the price increase to take a very long to reach the target (unless of a catalyst event that may occur). Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:SILVERLong
by MillionaireEconomics
Silver- Strongly bearish under 24.80Yesterday I said that Silver is more bearish than Gold, and indeed, although it has risen, it could reach the last top As you all may have seen, we have a clear H&S pattern with the neck-line at 24.80, which is broken at this moment. Although this means upward momentum, the price is stalling above this neckline and looks more like distribution at this point and could be a false break. Silver back under 24.80 (the neckline) is strongly bearish and confirms the false break. In this case, I expect acceleration to the downside and Silver to drop to at least 23 zone (around 1800 pips) My scenario is valid as long as the price stays under 25.60 on the daily close bases
SShort
by Mihai_Iacob
11
Silver- More bearish than GoldLike its bigger brother, Gold, Silver also has a good start this month, with the price rising around 2500 pips or around 10%. However, after breaking above the neckline of an H&S, the price stalled and lacked strong continuation. Instead found a strong ceiling at 25.50 and yesterday's rally above resistance for Gold wasn't matched with a rally above 25.50 for Silver. This consolidation above the neckline looks like distribution to me and a drop under 24.70 could accelerate losses towards 23 zone support I will look to sell rallies and a daily close above 25.50 would negate this scenario
OANDA:XAGUSDShort
by Mihai_Iacob
14
silver (XAGUSD) 1 HOURLY PREDICTIONS FOR NEAR FUTURETechnical Analysis Summary XAU/USD FROM PAST Silver respected the last hourly resistase level 24.656 (yellow level) then respected second resistanse level 24.422 (yellow level) and continued dowtrend. TREND ANALYSIS We have 1 upward trend in white color FUTURE PREDICTIONS We have many resistanse and support levels that I have mentioned above. I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS). Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
OANDA:XAGUSD
by husseindergham
Silver May Test 26.50 / 26.80 after breaking above 24.80 Silver has closed above the long-term descending trend line that started in June 2021. But we need to wait till it breaks out above the 24.80/25 price zone for a long-term buy. 24.80/25 is identified as immediate resistance and double top price zone. Before June this year, when silver was above 28.80/25 price zone, it acted as strong support. Many times market-tested 24.80/25.00 price zone and silver bounced back to the upside. So, as the market stays below the 24.80/25 price zone, we should enter the market after breaking above the 24.80/25.00 price zone. So, breaking above the 24.80/25 price zone, our first target will be at the 26.50/26.80 price zone. There is a chance that the silver price may go to the downside correction from that level. In case, market breaks above the 26.80 price zone, our final target to the upside is 28.20. On the other hand, from the present rate, immediate support is identified at 23.00. and low swing price is 21.50 price zone. So, as long as the market is above the 21.50 price zone, we should not sell.
TVC:SILVERLong
by Gold_Trading_Expert
1
Silver- Will it reach 28 by year's end. IMO, it willIn my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart. As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance. This resistance can very well be the neck-line of an H&S pattern and a break here would expose important 28 zone resistance. IMO the end of the year will be bullish for PMs and also a long trade for XagUsd with 28 target would have a 1:3 R:R
OANDA:XAGUSDLong
by Mihai_Iacob
11
SILVER:DOWNTREND|PRICE ACTION ANALYSIS| PRICE IS GOING DOWN... ⚡Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
OANDA:XAGUSDShort
by FOREXN1
2
#SILVER XAGUSD ANOTHER BUYING OPPORTUNITYAs you can see in the previous silver analysis which has been tagged to this new analysis we forecast the 4H time frame bullish move and also we knew that we are in higher time frame bullish trend. Now again price had a bearish corrective move in lower time frames and reached 0.61% Fibonacci ratio as well as important static support area, which gives us another opportunity to go long in silver one more time or the opportunity to add to our previous trade in case you are long time trader and your previous trade is still open. Price currently is sitting on an important support area and also we can see reverse bullish divergence in 4H time frame which suggest to us that price can now start another bullish move. in spite of that price is above our EMA 144 which act as a support for us. Another confluence would be lacking of bearish momentum and seller participations in the market which you can see the result of this in changing cycle amplitude in lower time frames. For trading I suggest it would be best if you wait for price to come above EMA 144 in 15M time frame and then you execute your buy trade. Our first target would be the previous High which is around the price of 24.660 but since we are in bullish trend in Higher time frame you can probably manage your trade in order if the price managed to breach the resistance area and goes above the previous High.
TVC:SILVERLong
by mohemati
7
Silver Market Bullish Divergence Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Silver XAG/USD begins the week in a positive way, rising 0.97%, at trading at $24.54 but have dropped to $23.916 today and the market sentiment is upbeat, portrayed by rising US stock indices, recording gains between 0.12% and 1.01%, contrarily US T-Bond yields slide, with the 10-year note rate falling one and a half basis points, sitting at 1.639%. Oscillators on the daily chart – though have lost positive traction – are still holding in the bullish territory. Hence, any further decline might still be seen as a buying opportunity near the $23.55 region. This should help limit the downside near the $23.20-15 strong resistance breakpoint. A Bullish divergence has been spotted between the market and different indicators that show the potential for an upward movement in the market soon. Possible Scenarios for the market : Scenario 1 : The market has dropped in the last 2 days from $24.80 to $23.88 this Bearish move has a small possibility to continue until it reaches the support line located at $23.16 where a battle will happen over control between the Buyers and Sellers over control, If the Sellers were able to win we could see a further drop that will reach the $22.33 level before gaining upward momentum. Scenario 2 : A Bullish divergence has been found between the market and the RSI, MACD which shows a strong potential for an upward movement happening soon that will be headed to the first resistance located at $24.78, and after breaking out that level the market will push to the second resistance line at $25.53. Technical indicators show : 1) The market is above the 5 10 100 and 200 MA and EMA showing a good bullish movement for the long term and daily range but still below the 20 and 50 MA,EMA that indicates a small drop for the weekly range. 2) The MACD is above the 0 line indicating a Bullish state in the market with a positive crossover and a Bullish divergence. 3) The RSI is at 56.27 showing good strength in the market with a Bullish divergence that indicates a rise in the market soon. Weekly Support & Resistance points : support Resistance 1) 23.259 1) 25.109 2) 22.207 2) 25.907 3) 21.409 3) 26.959 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
FOREXCOM:XAGUSDLong
by GabiDahduh