Silver- Eyes on 30Just like Gold, Silver also had a good start of the year with price breaking above pennant resistance and confirming its strong bullish trend.
As it was normal, 27.50 offered resistance and I believe this is just a pit stop in this uptrend
Yesterday Silver confirmed 26.80 as new support and I expect an acceleration to the upside once 27.50 is cleared
For this outlook to stay valid the price needs to stay above 26.50 and, as the title says, my medium-term target is 30
Silverforecast
Skyrocket boomHow much price of XAUXAG (Silver) might go this year of 2021?
Hello guys! I hope your doing great today.This gonnah be your's one. In this article I'm going to explain the chart movement for silver!
Is this real that the silver might going to hit $30 for every OZ. Literally, making us to think high. Right!
How much does it going to grow up by 2021-2022 and by when the movement starts to rise above the resistance level..
According to our strategy by the end of month Jan-Feb 2021 the price of silver tends to move above like an gold it may hit high as boom..
Now,Coming to this chart.. OANDA:XAUXAG
The price consolidation occurs on 19 Sep'14 to 29 Jun'16..
Target sell value is literally up to 68.547(Silver value) and it possible to go up to 38.2% FIB ANDA:XAUXAG
Silver - Daily and 4H bullish scenario Here's the scenario I'm thinking of for Silver, it might drop a bit to the demand zone where there's a strong support on different timeframes, it also indicates to be overbought on the daily, macd is weak and stochastic want to decide.
Anyway, it might drop as I said or just continue to be bullish to target 29. But if it dropped I don't expect it to go under 200 ma (red moving average).
If none of the above scenarios happen then we got another demand zone as backup (22.5)
XAGUSD (SILVER) BUY !!! As i can see silver had break the triangle and now it retrace to support zone
i am buying this pair from support zone with a small risk and looking for huge rewards
silver is highly recommend a good equity to trade so small account hold stay away from this trade
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Silver- 28 next?As usual, Silver is more volatile than Gold, and yesterday's 500 daily range on XauUsd translated in more than 2500 pips volatility for Silver. But, also here, nothing is changed from a medium-term perspective. The drop from 27.40, although very violent, is nothing more than confirmation for 25 as strong support.
At the time of writing Silver is trading stable above 26 resistance and I expect the bull run to continue towards 28.
On the short term, dips should be bought and the bullish scenario remains intact as long as we don't have a daily close under 25
Silver- Best place to buy itAs I said in my previous analysis, in a bullish scenario ( which I definitely expect ), Silver has more to gain than Gold. ...
Last week Silver was on the run, same as Gold, but, as usual, things are more clear here from the technical point of view.
On Tuesday XagUsd broke above 2 important resistances, the descending trend line resistance and the horizontal and psychological 25 figure. After reaching my short term target at 26, on Friday, we have consolidation and a slightly corrective move. I expect the price to continue up and gains to accelerate after 26 breaks and, more important, I expect Silver to reach 30 in the first trimester of 2021.
25.50 followed by 25 could be a great place for bulls to enter trades and only a break back under 23.50 would delay this scenario.
SILVER XAGUSD - To The Moon? Watch To See..Silver XAGUSD has been a very profitable trade for us within the month of December where we forecasted a big rally on the back of more stimulus, annual inflation and seasonality.
In terms of Silver we have to be extremely careful in our trading and "scale in" instead of going "all in", for next week we are aiming for a quick take profit level of 26.22 and we will either add more orders or protect our positions based on the reaction of the market off that level.
Silver can be extremely profitable for you, but you need an approach to trading that combines data + key levels to be consistently profitable. If you are finding yourself losing money trading, make sure to give us a like and follow to keep learning the best strategies for profitable trading.
Silver- More to gain than GoldI was bullish on metals ever since mid-2019 when Gold broke above 1350 important resistance of the "rounded bottom" pattern and in fact, this was one of my first analyses on Tradingview.
Comparing Silver and Gold charts though, we can see that Silver's break lagged about a year, the important break here happening in mid-2020. Continuing this comparison, we can see that in the last months of 2010 we also have a correction on both Silver and Gold, but, after this correction was over, Gold only rose 50% and Silver doubled its value .
I expect also to be the case now and if history is to repeat its self, we can have a new all-time high from Silver by June 2012.
Going down on the daily chart. we can see that Silver "held" better than Gold in this correction and didn't made a new low, instead confirmed 22 as strong support.
Yesterday the price broke above important trend-line resistance and now is facing 25 psychological figure. I expect this also to be broken and from this point on the road up is clear for new ATH. Necessary pit stops I see from 2 in 2$, at 26, 28 and 30 recent high for the immediate period
Silver- New challenge of 25?After a first leg up from 22 to 25, Silver entered a period of correction/consolidation.
The price is staying above 22.20-22.50 zone support and I expect this support to hold and a new leg up to follow.
Dips towards this support should be bought for a new challenge of 25 resistance
SILVER downtrend setupprice direction: DOWNTREND
potential target price: 22.90
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Silver- My target remains 26Silver also had a drop yesterday and exactly like Gold, stopped in the interim support at 23.50 in its case.
And although at this point the price looks bearish, my long term outlook hasn't changed.
I will remain bullish as long as the price stays above 23 and I expect 26 to be reached in the medium-term
Dips towards this zone should be bought and only a dive under 22 would change my bullish outlook
Silver could dropIn yesterday's comment I said that 24.40-24.50 is the line in the sand for Silver and as we can see from the chart, XagUsd stopped its ascent just under this level.
Similar to Gold we can have a correction also here and a drop under 24 should clarify things.
23.50 and 23.00 could be good targets for bears with 1:3 R:R in the case you target the later.
On the other hand, a break above 24.50 would call for a 25 zone test (trend line)
XAGUSD Silver Welcome back guys
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not Financial Advice.
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Previous 3 Months silver in a channel path you can see that in the graph, if not break the resistance red line on the channel, you can take the sell shot
SILVER
STOP LOSS 26.00
SELL LIMIT 25.40
TAKE PROFIT1 24.30
TAKE PROFIT2 23.30
TAKE PROFIT3 23.30
Good Luck,
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Enjoy The Trading Guys
Silver- under 20 till year's end?Like gold, silver fell aggressively Monday after the vaccine was announced.
The price stopped falling just under 24 and into the uptrend line support, recovered some of the losses after and now is consolidating.
The chart structure is very bearish as long as the price stays under 25 and I expect it to break under support.
Such a break could drastically accelerate losses and we can see Silver dropping under 20 figure.
A sell trade with a SL above 25 could have a GREAT R:R of at least 1:5
Silver- Back to 23 soon?As always, Silver is more "Technical", easier to read and more straight forward than Gold...
After the drop to 22, the price rose in a clearly corrective way, overlapping
Now the price lies just above confluence support and I believe (As for Gold) that this support will fall and the price will drop.
My target for Silver is 23 and a sell trade with a SL above 25 can have a R:R of more than 1:2
Last Dip Before TakeoffBeen stacking at the lower levels, but hoping markets breathe a sigh of relief after the election, causing a dip in Silver to around $21. After that, should be on a tear to $47 over the next year or so. Silver of course DOESN'T have to dip to go to $47, just hoping it does for a good buy opportunity.