SILVER (XAGUSD) Price Action Analysis & Trading Plan 🥈
Structure and price action analysis on Silver.
Potential buy zone explained.
Trading recommendations given.
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Silvercharts
SILVER | Buy on Dip We were long from 23.
Currently silver has hit the resistance around 25.50 and retracing back. We still have a buy on dip stance in shining commodity. Wait for the bullish candle on the support zone then you can enter long in this commodity.
Trade your levels accordingly.
$250 Silver ?Yeah, yeah... I know, the metals move slow. Silver has had this pattern playing out for 40 years. Many think it will be perpetually manipulated. Should this scenario play out, a 13x is possible. I realize many will dispute this. Others, as myself, believe it will (at some point) break free. I'm still of the mindset it's one of the most undervalued assets on the planet.
Silver XAGUSD analysisThis is how I see silver playing out over the next several hours
Long and then going short back with the market sentiment
Silver can drop from here heavy Reason for Drop is silver at right now un-test Daily supply, also EQL is below which is swing target
Silver- Good sell from resistanceLast week, after touching 22 support, Silver has started to rise and now is approaching an important resistance zone.
I favor short trades from this resistance for a new visit of support.
A daily close above would negate this scenario
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 is soooo looowLast time I saw silver this low I bought A LOT.
Silver has been doing exactly as it should be doing and it only took gold becoming a tier one asset. 23 as of right now with material sector of S&P looking great both short and long term and miners not being too affected by inflation.
Shortages of metals are still there however and it looks like the premiums are here to stay, a year later. With Evergrand in the gutter, Chinese people are finding it hard to obtain their fiat notes. THIS is the exact reason why I stack. I pray we dont see a bank run but if we do us stackers should be ready, provided you know what to do with your metals.
I feel in this environment Silver is in the perfect situation, if FED raises rates.
Silver - Weekly UpdateSilver - Weekly
Bottom Line : Silver may continue to a new correction high before a top forms.
Silver may continue rising to new highs to complete a double zigzag correction up as wave X (circled) . The pattern is visible on the daily chart, but not the 1-week chart.
XAGUSD Buy Silver price is $23 For today. Inflation rate is too high in global economy, technical analysis also gives bullish signals on Gold and Silver charts. S/L is under $20 T/P $40. Good luck!
Silver (End of Corrective Elliott wave)Just my idea, just my trading strategy I want to share. Not a financial advice. Do your own research.
Silver weekly analysis As you can see in the chart Silver is making lower high on weekly time frame and after 3 weeks of down fall we can expect a bounce back from next week.
21.50 is very important support area, if closes below the level will attract heavy selling.
Let it consolidate for 1 or 2 days then buy above recent high.
We can head back to 23.50
Closing above 22.50 will confirm up move.
Silver possible +10% upside Hey guys, Silver looks to be bottoming out at this $22-22.3 range with a lot of wicks showing strong buying pressure. We have a previous support line there and a Fib retracement line there acting as strong support with a consolidation flag on the 1 hour time frame shown below developing a reversal trade setup. With the RSI showing buyers momentum increasing I believe we brake out of that pattern, which means this channel pattern on the daily will play out. The first leg reaching $24.5-24.6 where again we have a previous support line, 150 day MA and a Fib line acting a resistance and could bring a pull back before we resume past this point and push to the top of the channel. For now I'm only targeting this $24.6 price until we get closer to the further targets.
1.6% risk for a 9.5-10% reward
I'm going to be buying warrants to make it around 40% profit to a 7% lose there abouts
SILVERSilver is in this bullish channel, its price has positively tested the support giving a high probability of a new wave up towards at least the 26 zone if the bottom of the channel remains solid.
bullish cypher forming on silver by the ADlook for a retest of B leg, if support holds and remain strong. I see a potential cup and handle forming off the D leg which will lead to a breakout and retest of B leg
Another Silver Analysis - H&SIdea for silver, demonstrating the Head and Shoulders pattern that has repeated itself throughout a bull market and into the next bear market
Points in grey box are very similar also
As we have just finished forming the right shoulder, it is likely that price will decline, furthering the bear market for silver
SILVER Amazing Repeating Rejection PatternLabelled A,B,C corresponding to the three rejection points
It is truly an amazing point comparison of rejection points, the best ive seen
Another point in the green oval can be seen also
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
Silver will hit $50 by Autumn 2022The time it took for silver to drop from $50 down to the consolidation phase was 770 days. I predict a similiar amount of time will be required to take the price back to old highs.
The rough arc pattern tends to agree and the major and medium support lines are keeping the price in control for now.
My expectation as inflation becomes uncontrollable, the silver price will explode next year and new highs will be made the following year.
BUY SILVER AROUND 66666 TGT 72300/76000 AVG@65000 SL BELOW 64000Silver is making a inverse head and shoulder on the daily chart and currently 200 Dma is a acting as resistance. If it sustains above the 200 DMA then we can have a breakthrough above the neckline for further bullish momentum.
Silver Bullish PatternAs it clearly seems,in short term AGXUSD emerged a head and shoulders pattern, so it would be a good bullish position by considering 22.5$ as LP an 28$ as TP. Also it has high potential to raise until 50$ if it breaks the channel and makes a flag pattern.
Silver- My target remains 28As you may have noticed, I'm strongly bullish Gold&Silver and in Silver cases, I draw attention to a possible H&S a few days ago.
At this moment the pattern is complete and we also can consider the neck-line broken.
I expect continuation to the up-side and only Silver back under 23.50 would change my bullish outlook
First Majestic: Happy! 🥰🥰🥰It is increasingly looking good for the First Majestic stock, as the price is further moving away from its support at $12.56. Below that mark, we would experience a decline under $10. However, we trust the bulls here to make significant advances and push the price above $33.
Silver is the new gold!
