SILVER 4H : Support to rise up SILVER
New forecast
The silver price traded declined significantly and reached the level of 23.50, so we are forced to remain neutral until it shows the clearest trend during the coming trades.
Therefore the 23.50 - 23.35 levels is important fore Silver during coming period hence failure to stabilized under 23.35 it will support the price to rise up again and targeting 23.77 and 24.00 levels , taking into account that stabilized under 23.35 will put the price under sell pressure .
The expected trading range for today is between support 23.35 and resistance 24.00 .
resistance line : 23.77 , 24.00
support line : 23.50 , 23.35
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Silverforecast
Silver 4H : Support further rise SILVER
New forecast
Silver price trading settled above the 23.00 level after the strong upward rally witnessed yesterday, enhancing the chances of the continuation of the upward trend during the coming sessions and heading to visit the 23.49 level and stability above it that will reach 23.77 and 24.00.
therefore , the upward scenario will be remain valid and effective during coming period supported by the moving average 50, taking into account that failure to breach 23.49 will put the price under sell pressure in the short-term and keeping in mind that the continuation of the upward wave depends on stability above the 23.00 level.
The expect range trading for today it will be between resistance line 23.49 and support line 23.00 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 23.35 , 23.49
support line : 23.00 , 22.73
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Silver 4H : Waiting for News SILVER
New forecast
The price of silver rose in yesterday's trading with noticeable positivity, penetrating the 22.23 level and settling above it, and approaching the 22.50 level to provide negative signals as long as the price is trading below the mentioned level.
Therefore the downtrend scenario will be remain valid as long as price trade under 22.50 supported by moving average 50 that is continue to support the price to decline but to confirm the bearish trend should stable under 22.23 and then will help the price to reach 21.97 and 21.60 , taking in to account that stabilized above 22.73 will postponed the bearish attempts and start the positive waves . so it is possible to continue at the positive correction until 22.73 and then dropping .
The expect range trading for today it will be between resistance line 22.73 and support line 21.97 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 22.50 , 22.73
support line : 22.23 , 21.97
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SILVER 4H : still support further decline SILVER
New forecast
The price of silver rose yesterday and achieved immediate gains to test the 22.73 level, and we notice that the price bounced down from there in an attempt to resume the expected downward trend in the immediate term, waiting to test the 22.50 level initially, remembering that breaking this level will push the price directly to 22.23.
Therefore the downtrend scenario will be remain valid and effective for the coming period supported by moving average 50 that is continue to support the price to drop , taking into account that stabilized above 23.00 level will end the downtrend .
The expect range trading for today it will be between resistance line 23.73 and support line 22.23 until stabilized .
Additionally ,Today News will affect the market .
resistance line : 22.73 , 23.00
support line : 22.50 , 22.23
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SILVER 4H : try to retest and the rise upSILVER
New forecast
The silver price tested the 22.79 level and maintains its stability above it till now , noting that the price attacked that level many times and couldn't stabilized under it , waiting to stimulate the price to resume the upward wave that aims to test the 23.35 level initially, remembering that breaching this level will extend the upward wave to reach 23.49.
Moving average 50 continues to support the suggested bullish wave, which will remain in place provided it remains above the 22.79 level, stabilized below the 22.79 will postponed the bullish attempts and put the price under sell pressure to visit the previous main support zone which is 22.50 level .
The expect range trading for today it will be between resistance line 23.35 and support line 22.79 until stabilized .
Additionally ,Today News will affect the market .
support line : 22.79 , 22.50
resistance line : 23.35 , 23.50
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SILVER 4H : 22.79 Is important for today SILVER
New forecast
The silver price tested the 22.79 level and maintains its stability above it, noting that the technical indicators continue to get rid of the negative momentum, waiting to stimulate the price to resume the upward wave that aims to test the 23.35 level initially, remembering that breaching this level will extend the upward wave to reach 23.49.
Moving average 50 continues to support the suggested bullish wave, which will remain in place provided it remains above the 22.79 level.
The expect range trading for today it will be between resistance line 23.35 and support line 22.79 until stabilized .
Additionally ,Today News will affect the market .
support line : 22.79 , 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER 4H : Waiting for second target SILVER
New forecast
The price perfectly fulfills my last idea and price reached to our target waiting to reach the second target .
The silver price succeeded in achieving our expected target at 22.88, and begins the day with additional positivity to penetrate this level and attempt to hold above it, which supports expectations for the continuation of the upward trend and achieving additional gains reaching 23.35 and 23.50.
Therefore, the bullish trend scenario will remain dominant during the coming sessions, influenced by the positive pattern whose features appear in the chart above, keeping in mind that to consolidate under 22.88 will put the price under negative pressure, mainly targeting testing the 22.50 areas.
The expect range trading for today it will be between resistance line 23.50 and support line 22.88until stabilized
Additionally ,Today News will affect the market .
support line : 22.88 , 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Silver I Potential upside Hello,Traders!
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XAGUSD (Silver) is trading in a downtrend on the daily and sitting
right below the 50 MA. After the recent decline and consecutive
rejection at 20.73, price has been pushing upward in an impulse,
correction phase. It is currently rejecting the 32% fib after the
impulse rise from 21.77. All signs are pointing to more upside at
the moment with a potential target to resistance 23.50
Trade safe and good luck!
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SILVER 4H : stabilized above 22.23 will support to rise SILVER
New forecast
Silver price trades rebounded downwards after it faced strong resistance at the level of 22.23, to test the strong support, starting the day on a positive note and heading towards testing the aforementioned level, waiting for its breach to open the way towards heading towards 22.50 as the next main target .so the main condition to be continue at the bullish trend is stabilized above 22.23 and then it will reach to 22.50 and 22.88 .
From here, our expectations for the upward trend will remain valid, keeping in mind that failure to penetrate and hold above 22.23 will put pressure on the price to decline again to head to 21.60 before any new attempt to rise.
The expect range trading for today it will be between resistance line 22.23 and support line 21.97 until stabilized
Additionally ,Today News will affect the market .
support line : 21.97 , 21.60
resistance line : 22.23 , 22.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Silver 1day overviewSilver fell to around $21 per ounce, the lowest in over six months, pressured by the interest rate jitters, surging bond yields, and a stronger dollar. In its latest meeting, the Fed signaled one more hike for 2023 and a slower monetary easing in 2024, which confirmed the interest rates would have to stay elevated longer, raising the opportunity cost of holding non-yielding bullion. Additionally, the ISM Manufacturing PMI rose well above market expectations to 49 in September, supporting the case for the regulator's hawkish tone. Still, silver prices remained underpinned by tight supply, the development of solar panel technologies with higher conduction needs, and hopes for an economic recovery in China after the country's manufacturing activity returned to expansion for the first time in six months.
Silver futures and options contracts are used by mining companies, fabricators of finished products, and users of silver-content industrial materials to manage their price risk. As a precious metal, silver also plays a role in investment portfolios. The largest industrial users of silver are the photographic, jewelry, and electronic industries. The biggest producers of silver are Mexico, Peru, and China followed by Australia, Chile, Bolivia, United States, Poland, and Russia.
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silver ( xagusd ) Long Term Trading IdeaHello Traders
In This Chart silver HOURLY Forex Forecast By FOREX PLANET
today silver analysis 👆
🟢This Chart includes_ (silver market update)
🟢What is The Next Opportunity on silver Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
XAG/USD -Weekly Uptrend Outlook(update)- Silver's uptrend remains intact techincally speaking,
as long as its plenty of supports below are there to enforce uptrend resumption.
A decent Demand Zone as well just in case TVC:DXY starts flying by the next Feds Interest Rate Hikes decision after a Month of Breath,
making Financial Markets turn around.
For now, in the short term Silver may be struggling a little bit, only to find new
buyers at its close lower levels.
Losing grip of 0.618 Fibbonaci Trend Retracement would make me worried whether price will follow bars patterns
Note that bars patterns are there just to give a mere visualization idea for uptrends worst case scenario without breaking Weekly Uptrend market structure.
In case 22.1$ price level (recent HL market's structure) and support trendline is to be violated through huge selling volume, that would shift Character of Weekly Uptrend
Until the next one ;
Trade smart ,
TRADE SAFE
*** NOTE that this is not Financial Advice .
Please do your own Research before partaking on any Trading Activities
based solely on this Idea.
SILVER (XAGUSD): Price Action Analysis & Bearish Forecast 🪙
Silver formed a double top pattern, respecting a falling trend line on a daily.
The second reaction from that was strong enough, so the price managed to break a key horizontal support and close below.
I believe that after a minor correction, the market will keep going lower.
Next goal will be a rising trend line.
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XAGUSD I Overextended "W" formation Welcome back! Let me know your thoughts in the comments!
** XAGUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Silver or XAU/USD hits golden crossI am thrilled to share some exciting news - silver has just hit a golden cross!
For those unfamiliar with the term, a golden cross is a technical analysis term that occurs when the 50-day moving average exceeds the 200-day moving average. This bullish signal indicates a potential upward trend in the price of silver.
This is fantastic news for all who have closely monitored the silver market. Considering long silver and taking advantage of this upward trend is an excellent opportunity.
So, I encourage you to consider your investment strategy and add silver to your portfolio. With the golden cross in place, it's an ideal time to take advantage of this bullish signal and potentially profit from the upward trend.
Silver Ready for Giant BreakoutSilver made a symmetrical triangle formation from 1988 to 2004 and broke this formation in 2004.
Its peak and order block in 1983 worked as resistance in 2006 and as support in 2008 and 2020.
I think the peak Silver did in 2011 was an order block too. The reason for this is that this order block was rejected in 2012.
The symmetrical triangle formation it has made since 2009 is also in the critical region now.
I can say that I am waiting for the scenario of breaking up of the symmetrical triangle. I think that the scenario that will emerge after this break will be similar to the 2004 - 2012 scenario.