Silverforecast
Silver- Can drop to 25For 2 months now, Silver is trading in an ascending channel, but once it reached 28 zone, a false break occurred which can be an indication of a top.
Trendline support is not broken yet, but a break here could accelerate losses and 25 could be bears target
SILVERSilver, still fits perfectly in the growth channel on the daily chart. In my opinion, we will see him above in a few days.
Potential routes for Silver price in the upcoming PM bull runFirst route is based on 2008 bull market in silver.
Second route is based on the bull market in late 70s.
I think a bullish phase similar to late 1970s makes the most sense. You can check out my analysis on Gold to see why.
Potential routes for Silver price in upcoming PM bull run (2)
I am not going to go in detail in this analysis.
First route is based on 2008 bull market in silver.
Second route is based on the bull market in late 70s.
I think a bullish phase similar to late 1970s makes the most sense. You can check out my analysis on Gold to see why.
Silver / Long Idea Ever since the Lehman Brothers collapse prompted central banks to cut interest rates and implement round after round of “quantitative easing” commentators have been forecasting that gold will hit $5,000 an ounce and silver $100 an ounce.
Pointing to the high inflation that was experienced in the US in the 1970’s that caused gold and silver to skyrocket back then, many are drawing parallels stating that all of this quantitative easing will end with a similar high inflation environment. If and when this does materialize, precious metals are expected to rise exponentially.
However, the question of “when” this will occur is currently up for debate. While there have been some recent signs of inflation, it yet remains to be seen whether we have truly entered an inflationary environment or whether this just a temporary blip brought on by the shock to the supply chain caused by the Coronavirus.
As we all remember far too well, by April 2020 most of the worlds factories had been forced to shutdown due to the spread of COVID. When certain factories deemed to be crucial for “essential businesses” were allowed to be re-opened, many of them re-opened on a drastically reduced capacity based on the expectation that consumers would shut their wallets and not be spending money.
However, the complete opposite happened. Those that were fortunate enough to maintain employment could not spend their discretionary income on travel and entertainment so directed their money towards home renovation projects which were also bolstered by record low mortgage interest rates.
This contributed to record high prices for Lumber in the US and manufacturers such as Stanley Black and Decker being caught flat footed by cutting back production only to learn later that consumer demand for tools and equipment was exceptionally high.
While the above had lead to inflation, it is yet to be seen when manufacturing capacity returns to normal, and consumers can spend money again on travel and entertainment, is this inflation temporary or is it just the spark that has lit the inflationary fuse.
It may however be many years before the inflation that has been warned about for the last thirteen years begins to materialize. And while gold is arguably the most popular precious metal, it needs the inflationary narrative to continue for the price of gold to appreciate.
To position ourselves accordingly, I am choosing Silver to protect My portfolio from inflation if and when inflation does come screaming back but also choose a precious metal that can capitalize on a post-covid economic recovery.
Good Luck
I ANALYZE FOR YOUR COMFORT - SILVER It foreshadows a new green day for silver that is preparing to confirm a new pennant flag formation, followed by a new climbing leg. Long silver today, at least until the American opening !
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💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 64.
Take Profits:
TP1 @ 25.75
TP2 @ 26.60
TP3 @ 28.30
TP4 @ 29.85
TP5 @ 33.45
TP6 @ 37.50
TP7 @ 44.20
TP8 @ 49.80
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Silver - are u ready to buy?The price made a good squeezing near the key level and finally broke through it. I expect on retest to 26,65. Only in that case, I'll buy. Don't forget about SL.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Future of Silver looking brighter again!As long it holds25.660, track the upside resistance / target levels as marked. Today's possible retracement levels are marked with light dotted lines.
SILVER - SUCCESSFUL TAKE OFF!The pressure accumulated in recent months seems to have propelled silver to the skies today. it quickly reached the previous resistance, and seems to overcome it relatively easily. After a few days of vacation, the bulls returned in force.
XAGUSD (SILVER) SELLING FROM RESISTANCE ZONE !As i can see silver is getting rejection from the drawn resistance zone in chart and now looking for a retrace to till design Tp
as we can see $ is getting some Strength and we will sell this pair with a very low risk and looking for a higher rewards
selling silver is based on the given chart and it is pretty easy to get understand even for a new trader hope so u like this idea
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Silver Sideways Make or Break Levels Will RevealAs Far As This is Concerned It's Educational Purpose But Watch For The Levels For Intraday and Positional I Think Silver Good Bet To Buy Above 70500 in Indian Markets
ABCDE Silver RocketOne of my favourite pattern formations
ABCDE symmetrical corrective triangle in a bull trend
targets based on Fibonacci extension
personally I am hoping to see the 25.390 fib support hold, or slightly higher based on one of my previous charts
Don't trade my charts, they're just drawings
Universal patterns are universal
XAGUSD Bullish possible 27.40 & 27.80#xagusd professionals opening long and closing short positions consecutively. 5% long positions increased by last four weeks. Commercials increased 3% short positions by last four week. 25.80 & 25.60 demand zone for long. 27.40 & 27.80 possible targets.
Silver Squeeze - Yes PleaseWe saw spike in the silver above the old high in February 2021 in a three wave move. A good indication that the price is keen to go higher.
Since then price has formed a bullish falling wedge pattern down to the 76% fib(Lucas level). At the 24.00 handle we saw the RSI go from 20 to 69(indicated by the green box).
This is a sign of strength as the RSI bounce of the 40 level ,which is the bottom level for a bull market. If the RSI holds above the 40, with a divergence in the CBRSI indicator forming, we should see a move to the 35 handle. With the limited supply of physical silver now available world wide, we could see a larger bull market unfold.
Silver Chart Analysis and ForecastSilver Already breaks Multi Trend line in Up side.
So Our Next expectations is price goes up for at-list 1st TP Point.
Silver Trade SignalHello Traders
Welcome back to Silver Chart.
Please read the chart carefully to implement the idea on your trade.
If you Have any questions please comment below.
Thank you and trade safe
BUY SILVER WHEN MARKET OPENS Price formed Head and Shoulders and broke and trendline, we got a beautiful retest
SILVER - Time for an upswing XAGUSDDuring the past two days, gold's little brother experienced visible selling pressure. At the end of last week, silver failed again to overcome the upper range and resistance zone around 26.62 USD. The subsequent price weakness caused the silver price to fall back towards the support of 24.77 USD. So far, and thus just before the support, a first counter-manoeuvre by the buyers is taking place today. As long as the price is quoted above 24.77 USD, one can again assume a reaction impulse in the direction of the resistance at 26.62 USD. Whether a breakout above this level will be successful remains to be seen. Above 26.62 USD, further upward potential opens up to the zone of 27.70 USD.
A dip below the current demand zone of 24.77 USD, on the other hand, could lead to a rapid setback to 24.10 USD. Below that, a test of the underlying support at USD 22.80 would have to be planned.
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Notice:
Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.
