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Silver Squeeze: Buy the DipLet's be real, Joe Biden is everyone's worst nightmare. But the inflation continues. And it's rapidly getting worse under the old guy with dementia. We need to find a better balance ⚖️ Where is the Justice? Bitcoin is crushing new ATH's right now, it's really just a measuring device for inflation and based on that measurement silver and gold are being badly manipulated. This is obvious fraud. Everyone knows it. When the IRS starts coming after we the people, it's time for we the people to demand and perform an Audit on them. GameStop and AMC proved without a doubt, what all those keyboard warrior, conspiracy theorists suspected. It's time we put silver and gold at it's rightful price. Send silver to $1,000. That'll get everyone's attention. $ASM my number 1 #SilverSqueeze play. 10x potential.
TVC:SILVERLong
by RealChartBeast
Silver Price Analysis: Market is heading to 26.00 price zoneA recent Federal Open Market Committee meeting showed that half of its members expected an interest rate hike by 2022. As a result, silver (XAG/USD) has been climbing recently, trading at $23.50 today with an almost 2% gain in one session alone. All these factors aid silver's climb to new heights due to their correlation with gold prices and demand for industrial use. Due to the inflationary pressure in the economy, investors are thinking of reserve safe-haven asset silver. The recent FOMC minutes revealed the pace at which QE will reduce. However, it was announced yesterday that would only be billion dollars cut each year instead of a 20-billion planned initially because inflationary pressures are more substantial than anticipated. Gold and silver are getting a boost from the US stock markets, which is seeing an increase in safe-haven assets. The dollar has seen some weakness recently but remains high due to low-interest rates. Bond investors fear about Europe's economy slowing down further than anyone had expected already with Greece's debt crisis not being resolved yet either. As a result, the USD is weaker against gold and silver. But the USD is still dominating most of the major currencies, except safe-haven currencies like JPY and CHF. Technical View: Right Now, the silver price is holding above descending trendline, the price nearly 23.40. If the H4 candle can close above the 23.50 price zone and descending channel, it may test the 24.00 prices. Breaking above the 24.00 price zone, the next target is the 24.80 price zone. 24.80 is Fibonacci 50% retracement area. So, the market may go for some correction from the 24.80 price zone. But if it doesn't, breaking above 24.80 will open the door for the 25.80/26.00 price zone. I don't think the market will break above the 26 price zone easily unless we see too many adverse U.S. economic reports. On the other hand, breaking below the ascending trendline, the silver price may continue its downtrend again and may test the 21.50 price zone again.
TVC:SILVERLong
by Gold_Trading_Expert
Is Silver About To Have a Massive Breakout? - 30 USDOn the 4 Hourly we are seeing a massive Inverse Head and Shoulders pattern. I believe that the inflation data by the FED minutes, is going to send Silver to breakout from the downtrend it has been on for some time. Stay tuned for long-targets, as we see this breakout accour. Fundamentals: Mine production from primary silver companies also fell last year, by 3.8%. It, too, is expected to drop by double digits this year. The ten largest silver countries have produced 12% less silver just since 2016. Supplies of recycled silver have fallen by 28% just since 2012.
OANDA:XAGUSDLong
by LukeSkywalker
1
Silver Futures Trade The Range! Longs and Shorts Silver has been in the current sideways range for 410 days and within this time it had printed its ATH of 30$ back in Feb 21. In August we tested the bottom of the current range to around 22$ with a 11% move to the upside thereafter followed by a strong rejection at 24.90 to push silver back down to the August range Lows at $22 for the back test. We are sitting at the bottom of that range so an obvious choice would be to long or you could wait and see what reaction you get at the levels marked . I have marked the area you can expect support to step in if this were to reject from 24XX for example and break down from the channel . If of course Silver claims that level 23.90 as a support then the middle of the channel will pose some resistances , with the Point of control and the .618 and the middle of channel . Taking some profits if you are long from the bottom would be a good idea or consider shorts from this region . Trade the range Until it Breaks was some great advice that I was taught ! Always Know your Invalidation and Have a Trading Plan ! Share Comment and Like ..Appreciated
COMEX:SI1!
by SJTRADESFUTURES
Silver Price Movement Breakdown Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The XAGUSD price has broken out and dropped from 25.96 to 22.08 in the last couple of days near a 14% drop in price, the Market was trending in a downward channel but it has been broken on Aug 9 where the price dropped from 24.31 and created a long shadow Bearish candle and hit the 22.10 range. The XAG/USD has a critical support around $23.20. A break lower would expose the $23.00 area that if broken, should trigger a bearish acceleration. The market price was able to stabilize a bit after that drop and it's trending 23.55 right now. We can notice a couple of scenarios for the market price movement for the next few days. Scenario 1: The Market price is trending at 23.45, near the first support level at 23.27 the Bulls will try to gain control back but most likely they will fail and the price will drop even more and its gonna be headed near the major support area at 22.84, where the real battle between the Bulls and Bears will be. If the Bears were able to keep control then a further drop in price will happen. Scenario 2 : The market price is trending at 23.45 if the Bulls were able to get some support behind them then we could be seeing the price going up and hitting the first resistance line at 23.70, Then The Bulls will test the bears strengths at that level, if they fail and the bears took control then we will see what's happening in Scenario 1 come to life, If the bulls were able to break that resistance level then we could be seeing a small bounce back up near the 24.13 level. Technical analysis showing : 1) The Market price is below the 5 10 20 50 100 200 MA and EMA, Strong sell signal 2) The MACD below the zero line showing that the market is in a Bearish state, with a negative crossover between the MACD line and Signal line. 3) The ADX at 37.25 showing that the market is currently trending, with a negative crossover between DI+ (10.59) and DI- (41.77). Support & Resistance points : support Resistance 1) 23.275 1) 23.705 2) 23.025 2) 23.885 3) 22.845 3) 24.135 Fundamental point of view : Silver is marginally lower on Tuesday, as it remains far from the $22.10 bottom of the crash it suffered on Monday. During the American session, XAG/USD bottomed at $23.22. The metal again was able to find support around the $23.20 area and bounced to the upside. The upside in silver remains limited despite gold rising almost $10 in a few minutes. Silver is following gold with the recovery but at a slower speed. Both metals managed to recovery despite higher US yields but were supported by an improvement in risk sentiment. Volatility eased during the last hours but is set to remain at extreme levels on the coming session, even as metal stabilize. On Wednesday, inflation data from the US is due, and it will be watched closely as it could affect expectations about Fed’s monetary policy. After the sharp decline on Monday, the outlook is still bearish for silver. In the very short term, a break above $23.45 (downtrend line) should alleviate the bearish pressure, and would clear the way for a test of the daily high at $23.68. According to fxstreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts 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.
OANDA:XAGUSDShort
by GabiDahduh
SILVER forecast - went into correction mode and might extend furSilver is witnessing quite a huge dip today, opened gap down below the support area, seeing further massive sell-off , this correction might extend further as i see a probability of cypher pattern on the daily chart and the support of cypher pattern also aligns with weekly support around 64810- 63000. Hence , even if we se any rally in the coming trading session , it might get consumed in another selloff. Conclusion : short term trend is definitely bearish, but intermediate and long and long term trend is still bullish, so as a investor one can wait for 65000 - 63000 levels as an investment zone.
MCX:SILVER1!Short
by manuagarwal21
Silver... The buy of a lifetime!!If you have missed out on bitcoin or feel your position is not as strong as you want, or perhaps you want to diversify a little. By simply looking at this chart and understanding chart patterns you can see that silver over a forty year period has been forming an almost perfect cup and handle formation. The cup and handle is not confirmed yet and may take another year or more before confirmed. I assure when it does we won't be talking about $30 $40 $50 silver anymore as it will go well into triple digits. Any buys under the price point of $50 usd will be laughable. The problem with a waiting for confirmation strategy is that might be hard or near impossible to take possession of physical deliver of silver. The highland oval of the RSI shows that Silver is clearly in a bull market (still very early) as it broke through the 60 on the RSI and has held it as support. Once the $30 level (final true resistance) is broken there is a smaller resistance area at $35 to $36 usd and then $50. The confirmation of this chart pattern comes only when previous all time highs (resistance) is passed and retested as support. That point is around $49 to $50 usd You want generational wealth? For me it's Bitcoin and Silver. Yes Silver over Gold. All opinions shared here are my own and not financial advice.
TVC:SILVERLong
by WeAreSat0shi
2