Silver price needs more positive momentum - AnalysisSilver price hovers around the EMA50, and didn’t show any strong move since yesterday, to keep our positive overview for the upcoming period, which depends on the price stability above 23.05, waiting to visit 24.20 followed by 25.00 levels as next main targets.
We should note that breaking 23.05 will stop the suggested rise and press on the price to achieve additional bearish correction.
Silverforecast
HUGE multi-decade cup & handle pattern on Silver?I have to admit, the possibility is compelling. A 43-year pattern nearing completion and leading to a $600+ target. What do y'all think? Do you currently hold silver? Does this possibility make you more interested in holding some/more?
p.s. Had to reproduce this chart because the other one was taken down by Tradingview since I posted my company info on the chart. Absolute dumbest damn rule, especially when applied against the very people who pay them so much money every year. You pay them a ton of money and then are forced to promote your business how they say, which is far from optimal. Absolutely stupid and alienating. Thankfully there are MANY other competing platforms out there that understand they are just a tool in your business, so they don't attempt to control how you use their platform to promote your business. This allows us to utilize them in the most beneficial manner possible which increases the likelihood we will remain with them.
CFDS ON SILVER52-Week High 27.500
14 Day RSI at 80% 25.112
Pivot Point 3rd Level Resistance 24.219
23.890 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 23.719
23.642 61.8% Retracement from the 52 Week Low
Pivot Point 1st Resistance Point 23.379
High 23.220 High
1-Month High 23.220
13-Week High 23.220
Last 23.038s Last
14 Day RSI at 70% 22.958
22.879 Pivot Point
22.696 14-3 Day Raw Stochastic at 80%
Previous Close 22.637 Previous Close
Silver Analysis 01.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Silver: Next Up 3! 😎The following developments for the silver price should be characterized by further increases until the green wave 3 is completed and forces the bulls to rest a little bit. However, a more prominent 3rd-degree-wave, namely the blue wave (iii), should be completed between $26.95 and $29.06, before pushing the course back down South. In any case, movements below $22.19 would force us to switch to a more bearish outlook.
Silver Analysis 06.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Is Silver preparing for long bull run?Comparing the last 50 years of the Silver chart along with the 80's market top along with the 2011 market top. We can see a clear cup and handle 42 years in the making.
Price action is laid over 2 indicators
The Extended Golden Ratio Multiplier
The CM Ultimate MA MTF
The focus of this chart is the pink fib line of the Multiplier and the green & red CM Ultimate MA. I have the focus area circled with what seems to be the interesting point of the chart and indicators. In 1987 the price of silver tired to push back through the MA lines but was rejected and in 89 the pink line followed and kept falling. in 2019 and 2020 try's the same move but this time price action pops through then corrects and so far seems to have found support on the MA lines. At the same time the pink line is crossing the now red CM Ultimate line which historically has happen every time price action has made moves up for months and months afterwards.
We also cannot skip or not touch upon the Dragonfly doji caused in the first half of 2020. This too is usually a very indicator that price action could be moving up over the next few candles and beyond.
Although Gold to me is showing some signs of weakness, Silver to me at least from this chart looks like a very bullish for possibly next few years. Let me Know what you think down below.
Thanks for looking
WeAreSat0shi
Stay Blessed!
Silver quick lookTechnically, silver will test strong support, as what it breached, we may see it again at 22 levels.
The four golden rules of trading
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4 Use a suitable lot for your account
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Silver Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Sagar Bhai, Silver had an excellent run in last 1 month from below 55K level to 63K plus level. Silver has made LH-Lower High pattern on chart, trading below VWAP. Showing sign of tiredness after decent up move. Silver is likely to consolidate or correct from this level. This is a good time to book profit. 59000 to 60000 should be good range to enter in long position for few months. We are likely to get a chance near next US FED hike when US Dollar Index will get stronger. Please review & share your thoughts as well.
Silver-XAGUSDThis is an opportunity for professionals.
According to my analysis, the trend is still bearish.
FOMC is an important news that has a big impact on the price of symbols.
In my opinion, this time will cause more icons to fall.
Follow me, like, comment, and any questions.
Caution today has important news so observe the money management .
SILVER Volatility Forecast 7-11 November 2022 SILVER Volatility Forecast 7-11 November 2022
We can see that this week our volatility is at 4.08% which declined from 4.55% last week.
Currently according to ATR we are on 26th percentile, and according to SILVER IV we are on 42th percentile, indicating in both cases, that we are currently is stable market.
Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 32.3% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 21.8
BOT: 19.9
This can also be translated as a 67.7% chance that the market is going to move within this established range.
At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
70% chance that we are going to touch the previous high of 20.9
30% chance that we are going to touch the previous low of 18.8
20 REASON FOR BUY SILVER 1 Structure analysis time frame DAILY
2 target time frame :DAILY
3 Current Move :IMPULSE
4 Entry Time Frame : H4
4.1 Entry TF Structure: BULLISH
4.2 entry move : CORRECTIVE
5 Suppot resistence base :H4 FAIR VALUE GAP
6 FIB: DISCIUNTED AREA FILLED
7 candle Pattern: PANIC BOTTOM
8 Chart Pattern: LOWER HIGH
9 Volume : AVERAGE
10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS
11 Volatility measure bollinger bands: LOWER BAND FAKE BREAKOUT BULLISH
12 strength ADX: SIDWWAYS
13 Sentiment ROC: BULLISH
14 final comment : LONG
15 : decision : BUY
16 Entry: 19.178
17 Stop losel: 18.968
18 Take profit: 20.950
19 Risk to reward Ratio: 1:10
Excepted Duration : 5 DAYS
Silver weekly update Its clear that silver firming lower high……… lower low
Is coming next week
Not only that , previously showed my followers in the hourly firming triple top pattern that will take us to 19.2
Now my target is 18.2 in next week
That can also depend on the daily update
Keep on touch
GOOD LUCK
Silver analysis: How far the bear market rally might go?Silver is in the midst of a bear market rally, up 8% in the last two weeks and 13% since the end-of-August lows.
Although silver prices are still 23% below the peak reached in March, recent price movements suggest that silver is attempting to make a trend reversal at these levels.
Slowing market pricing for Fed interest rates next year has prompted the rally in silver prices over the past weeks. Investors reduced their forecasts for interest rates in the second half of 2023, and in the last week they priced in a first drop of 25 basis points after Fed funds are expected to reach a high of 4.9% in the first quarter of 2023.
An asset like silver that is extremely vulnerable to US interest rates has been granted some breathing room by both the decrease in Treasury yields – the US 10y yield has dropped by 30 basis points in the past week – and the weakening of the US dollar – with the DXY index falling below 110. Silver has been strongly and inversely correlated with the US dollar performance throughout the year.
The Federal Reserve meeting next week poses a concern because it could reignite hawkish arguments about the need to curb inflationary increases, which might halt the silver's rally. However, understanding how likely the Fed views a recession in 2023 will be critical, given the market builds many of its expectations for the conclusion of the hiking cycle next year on this matter.
A new attempt to break the 23.6% Fibonacci retracement level (2022 max-min range) can be seen on the daily silver technical chart. Sellers fought back hard at this level in September, pushing prices below the $19.7–20 zone. This level was breached in early October, causing prices to rise to $21.1-21.2 (38.2% Fibonacci).
Momentum indicators indicate that bullishness is gaining traction. The 14-day RSI surpassed 50 days once more, and the MACD indicates a bullish crossover close to the zero line.
If silver is successful in breaking over $19.8, a new overshoot toward $21.1 or $21.6 (200-day moving average) is possible. At that point, sellers might resume offering fierce pushback. Next Wednesday, a very hawkish Federal Reserve could return to exert downward pressure, leading to a retest of the 18.2 support level.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
░🔮░SILVER FORECAST | 1W ░🔮░COMEX:SI1!
Eve is out sick right now (I temporarily broke her during an update). So I am posting solo no Eve, no Gordon.
I placed layed this forecast out in May when I posted this 30 day forecast. That played out here:
So far this one is looking good and very accurate.
What do you think? Will this forecast play out? Will we see (around) double the price in Oct 2023?
Silver view Silver will go down sooner or later (Fact)
First , dollar still not finished it run .
Second , false candle in monthly , weekly ,daily (mentioned above )
Third , raising rate and rightening .
Forth , chart pattern shows we must retrace the same percentage of consolidation
Any ways if we dont cross 21 $ dollars we will come back easily to 18 $
Thats my over all view
GOOG LUCK
Silver: TightIt’s getting tight! Silver hasn’t all that much room left to finish wave 4 in green… We expect it to make it in time, though, and to go for the resistance at $20.87 afterwards. Once above this mark, silver should push off into the orange zone between $22.11 and $23.72 to complete wave 5 in green as well as wave iii in orange, before starting a countermovement. However, there is a 45% chance that silver could fail to get its act together early enough and could thus drop below the support at $18.96, which would then trigger further descent below the next marks at $17.89 and $17.40.
SILVER possible sell zone!!SILVER 4h has been rejected from the weekly resistance creating a series of lower highs with multiple rejections. As the long-term trend is down, GOLD silver has broken out of the local structure and the highly likely price will continue to drop. On the retest of the previous support as resistance, as sell trade is high probable.
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