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Silverforecast

Silver is approaching short term resistanceAfter making an instraday low just under 22 figure on Monday, Silver has started to recover and now is trading at 22.55. However, the rise from the low looks corrective and is overlapping and now the price is also facing 22.60-22.80 strong resistance zone. My opinion doesn't changed and I 'm still bearish Silver but at this moment I wait for more confirmations. A daily close under 22.40 would bring this needed confirmation and price can drop to 21.40-21.50 after such a daily close
OANDA:XAGUSDShort
by Mihai_Iacob
4
Silver (XAGUSD) Analysis 04/03/2021this is a 2 Day Candle Chart as we can see the Price is up Ranging in a Yellow Ascending Parallel Channel where currently it is trying to break the lower bond. there exist a Fibonacci golden zone of the smaller impulsive wave, which can show Support and if the price bounces from it then we can target the 1TP, which is Fibonacci Expansion -27% level of the main Bullish Wave. the Red Box (Fib Confluences Level IMPORTANT) is the confluences of the 76.4% Fib Retracement of Smaller Impulsive wave and 38.2% Fib Retracement of the main bullish wave, where if the price falls and it stands as a support and bounces the price, then we can target the 2TP, which is the -61.8% Fibonacci Expansion Level of the main Bullish Wave. there are 2 Vertical Lines which Shows the Speculated Dates for Achieving the Specified Targets, they are specified by Trend-Base Fibonacci Time, there are total of 2 TPs Specified 1TP=35$ 2TP=41$ please comment your Opinions...
OANDA:XAGUSDLong
by BitonGroup
8
Silver is soooo looowLast time I saw silver this low I bought A LOT. Silver has been doing exactly as it should be doing and it only took gold becoming a tier one asset. 23 as of right now with material sector of S&P looking great both short and long term and miners not being too affected by inflation. Shortages of metals are still there however and it looks like the premiums are here to stay, a year later. With Evergrand in the gutter, Chinese people are finding it hard to obtain their fiat notes. THIS is the exact reason why I stack. I pray we dont see a bank run but if we do us stackers should be ready, provided you know what to do with your metals. I feel in this environment Silver is in the perfect situation, if FED raises rates.
TVC:SILVERLong
by Joshuakm
3
XAG/USD (SILVER) GOING UP FOR A SHORT TERM RECOVERYXAG/USD (SILVER) is going up-side for a short-term recovery for wave b of the 5th wave as an ending diagonal (wedge pattern) on the 2nd wave. If the scenario is right we can go around $23 then we will go below the recent low of $21.79 ( if the 5th wave doesn't truncate). Wave be must probably go as a zigzag (5-3-5) patter but it is not necessary it can make a complex correction, flat or a triangle as well so need to be very careful on price action. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #XAG/USD #SILVER #ELLIOTTWAVE
FX_IDC:XAGUSDShort
by anantadhungana
Will Silver drop to 19 zone(3000 pips drop)?Since August, Silver is trading in a 10-12% range, with a low just above 22 and a high in 24.50 zone. At the beginning of November, we have a false break above resistance and a quick drop to support afterward. Usually, false breaks lead to strong moves in the other direction and I don't expect this time to be different. In conclusion, in my opinion this support will fall, and XagUsd has a clear road to the next important support at 19 zone (a more than 3000 pips drop) I will remain extremely bearish Silver as long as the price is under 23.50 and traders should look to sell rallies towards that zone. Best of luck! Mihai Iacob P.S: Write your comment or share your chart and analysis in the comment section. Also "Likes" are much appreciated
OANDA:XAGUSDShort
by Mihai_Iacob
8
SILVER...A BULLISH GOLDMINELooks like we can see another bullish run from silver and here is why the pair has been making strong bearish moves to the support zone and touching the bullish trend line. the bearish fullback has managed to touch the 61.8% pull back of the fib the RSI has made a is indicating that the market is well oversold so bulls will start making there moves on moday fundamentals MONDAY, NOVEMBER 29 17:00 USD Pending Home Sales (MoM)(Oct) 22:05 USD Fed's Chair Powell speech TUESDAY, NOVEMBER 3016:00 USD Housing Price Index (MoM)(Sep) USD S&P /Case-Shiller Home Price Indices (YoY)(Sep) 16:45 USD Chicago Purchasing Managers' Index(Nov) 17:00 USD Consumer Confidence(Nov) USD Fed's Chair Powell speech 18:30 USD 52-Week Bill Auction 20:00 USD Fed's Clarida speech more news on fxstreet
FX_IDC:XAGUSDLong
by LUNGU_FX
WHY SOULD I SILVER ??TECHNICALS A great bullish swing move will soon begin for the following reasons. - price has come to retest support - price has come to retest the bullish trendline - the bearish movement has pushed the price down to the 61.8 pullback - RSI is indicating that the pair has been oversold which means a strong buy may come in play soon FUNDAMENTALS TO LOOK OUT FOR TUESDAY, NOVEMBER 23 14:45 USD Markit Manufacturing PMI(Nov) PREL USD Markit Services PMI(Nov) PREL USD Markit PMI Composite(Nov) PREL USD President Biden speech WEDNESDAY, NOVEMBER 24 13:30 USD Durable Goods Orders ex Transportation(Oct) USD Durable Goods Orders ex Defense(Oct) USD Durable Goods Orders(Oct) USD Initial Jobless Claims(Nov 19) USD Nondefense Capital Goods Orders ex Aircraft(Oct) USD Initial Jobless Claims 4-week average(Nov 19) USD Gross Domestic Product Annualized(Q3) PREL 15:00 USD Personal Consumption Expenditures - Price Index (YoY)(Oct) USD Core Personal Consumption Expenditures (QoQ)(Q3) PREL USD Core Personal Consumption Expenditures - Price Index (MoM)(Oct) USD Michigan Consumer Sentiment Index(Nov) USD Personal Income (MoM)(Oct) USD Gross Domestic Product Price Index(Q3) PREL USD Personal Consumption Expenditures - Price Index (MoM)(Oct) USD Personal Consumption Expenditures Prices (QoQ)(Q3) PREL Home Sales (MoM)(Oct) USD New Home Sales Change (MoM)(Oct) USD Core Personal Consumption Expenditures - Price Index (YoY)(Oct) more news on fx street.
FX_IDC:XAGUSDLong
by LUNGU_FX
1
Silver Price Forecast - Cup & Handle In SightToday I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale. After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern. As the price took 40 years to get to this point, it will take time for a breakout. Assuming the price breaks out, the target price from this pattern is about $60. That would be a 146% gain. This may take more than a decade to happen though. In 2011, the price created an all time high at around $50, but also created a shooting star candle which is bearish. This brought the price down to create the handle of the cup and handle pattern. Lastly, the Fibonacci Extension level brings the target price to 1.618, which is the Golden Ratio. Keep in mind that it took the price 40 years to get to this bullish pattern of cup and handle, so expect the price increase to take a very long to reach the target (unless of a catalyst event that may occur). Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:SILVERLong
by MillionaireEconomics
Silver- Will it reach 28 by year's end. IMO, it willIn my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart. As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance. This resistance can very well be the neck-line of an H&S pattern and a break here would expose important 28 zone resistance. IMO the end of the year will be bullish for PMs and also a long trade for XagUsd with 28 target would have a 1:3 R:R
OANDA:XAGUSDLong
by Mihai_Iacob
11