BluetonaFX - SILVER CHART IDEAHey Traders,
Our last silver target played out into profit zone and secured with moving stop and protecting profits. It fell short by a few pips for the full range target so the gap remains open. We have identified a structural support level on the chart and expect further support tests to be held well to consider buying from support levels while targeting the open gaps above.
We have a immediate target at 25.295 and a long range target at 25.696.
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BluetonaFX
Silveridea
silver will be falling in the next weekthe silver XAGUSD will have to make a correction to 21.20$ and maybe to the 21.40 area as well before the continuation of the downtrend to the 20.33 area. also, there is a great probability that the market can go down without making a correction!
that's what I believe. what about you guys? what do you think? tell me your opinion. do you agree or not .??
good luck traders !!
DeGRAM | SILVER descending channel testSilver is consolidating at resistance on the 4H, but it has recently dropped below it.
Price action returned to resistance and dynamic resistance.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and a retest of the channel.
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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.
DeGRAM | Silver shortSilver dropped from the resistance and broke the lower border of the channel.
Price action pulled back to resistance and the trendline.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and breakout the channel.
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DeGRAM | SILVER long Silver is in a bullish trend.
Price is coiling up before expansion by printing lower highs and higher lows.
The market is moving sideways, and we expect a breakout of the resistance and then a further bullish move.
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DeGRAM | Silver divergenceSilver double topped at the resistance.
Price action shows a divergence in the daily and 4H timeframes.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback.
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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!
DeGRAM | SILVER long Silver is in the bullish trend .
Price action made a complex pullback and rejected the support level .
The market is trading ascending channel and we expect further bullish move.
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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.
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 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: 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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SILVER SHORT TERM BULLISH OUTLOOKThe price of the precious metal rose today, recovering from previous losses. But it still keeps raging, expecting the Fed interest rate decision.
Technical indicators are suggesting entering into long position, MACD histogram is above 0 line and RSI is above the neutral 50 line, which might provide a speculative short term opportunity for traders to get advantage of.
In this scenario the price of the instrument might test the levels of 20 dollars, on the other hand, if the trend reverses, the price might reach its previous support level at 18.75
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DeGRAM | SILVER longSilver's price went down from its recent resistance level and created a complex pullback.
The market is gaining momentum
Price action is likely to break the resistance level and go up.
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Silver: Keep the Pot Boiling 🫕Quite peppily, silver has vaulted upwards, only to stop short in front of its next destination. Now, it should keep the pot boiling and take up speed anew to make it into the upper green zone between $20.12 and $20.70, where it should finish wave 3 in green. After a short counter movement into the lower green zone between $19.56 and $18.93, silver should continue to climb northwards. There is a 40% chance, though, that silver might need a break and could drop below the support at $17.40. In that case, it should take a detour through the magenta colored zone between $17.23 and $14.14 first before rising effectively.
Silver breaks both the 50-day MA and the bearish trend lineWhat a day for silver !
Spot silver went up more than 5% to $19.7 per troy ounce in one of the best sessions this year, hitting the highest levels since August 18.
Silver's daily price action broke through both the 50-day moving average and the 2022 bearish trend line connecting the lower highs of April and August.
Momentum indicators show the daily RSI spiking above 50 and the MACD providing a bullish crossover last Friday. The latter has been a reliable bullish technical signal. The May 19 MACD bullish crossover led to a 5.7% rally until June. The July 21 MACD bullish crossover sparked a 12.1% rally to mid-August.
The following key resistance levels to keep an eye on are: 20.00 (psychological), 20.8 (August highs), and 21.15 (38.2% Fibonacci of 2022 low to high). The 50-dma at 19.23 now represents the immediate support level on the downside.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
DeGRAM | Silver shortSilver is clear in the bearish trend .
Price action made a complex pullback.
IF the market make a false break the resistance level then we can sell it from confluence level.
A false break is a great signal and opportunity for a trend continuation trade.
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