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Silverlong

Right Angled Descending Broadening WedgeChart Story here is.. from a Ascending broadening wedge the bears took it down.. and there was a great chance that a Bullish divergence would appear. It did... course went up and so a Descending triangle formation was there to bring the course down again. Because the price then widens a bit on the downside in a sideways move, I consider it a Right Angled Descending Broadening Wedge for now. Besides this pattern, you could probably also make a W pattern out of it but the characteristic of the Broadening wedge is "often", that after hitting the top or bottom 2 or 3 times the price comes back halfway during a rise or fall and then breaks out. these scenario's makes it possible to trade them but in times of macro economic uncertainties at the moment, caution is advised at all times. manage your risks at all times. disclaimer: this is not a financial advise
TVC:SILVER
by Tims.Technische.Analyse.
SILVER bullish outlookSILVER managed to break through its consolidation, which formed a triangle pattern on the daily graph, and now is heading for a price increase. Both indicators, MACD and RSI, are also confirming the bullish pattern. If this pattern continues, XAGUSD will probably test its previous high around 26.10 In the opposite scenario, the price might test its previous low at 20.58 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAGUSDLong
by legacyFXofficial
2
Silver 3D Gann Fan and EW Analyse !!Hello trader, good mood and profitable deals! 💲 In 2011 we hit the high at 49,831!! After a long sideways period until 2020, the silver price turned around at 11,631 ☝ The Gann Fan 3/1 also points to further upward movement 👌 From here the EW count begins !! Wave🌊 1 ended at Gann Fan 4/1 and corrected IMO in a triangle, 0.618 or sideways Wave 🌊 3 ends at 0.786, about 40 usd If the bulls are not as strong as assumed, the movement with Wave🌊 C ends at 0.618, approx. 36 USD, otherwise we can still count on Wave 🌊 5 at 47-48 usd after a correction In terms of time, I suspect that we will reach the high in 2023-24 !! I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas!
TVC:SILVERLong
by TR7z
Silver- False break of support?Since August last year, Silver is trading, more or less, in a range and, excepting, March and April's false break of resistance, the boundaries are pretty clear at 22 and 25. Last week the price has broken under 22 support, but, considering the quick reversal and retest of now resistance, this can be a false break. The confirmation comes with the price back above 22 and bulls can target 24 resistance. 23.30 is interim resistance and, as long as the recent low is in place, buy dips can be a good strategy.
OANDA:XAGUSDLong
by Mihai_Iacob
4
My new silver idea...Based on the Fed's adamant nature on raising rates over the next two meetings, I see weakness in the silver price. But not much more. I think the Fed pauses and possibly pivots to easing after August when the true nature of the coming recession reveals itself. Following that I see a rapid rise in the price of silver, in a similar time frame between 2008 and 2011. However I do see silver will retaking $50/oz much quicker than it did the last time. Then the price of silver is in no man's land and we must base our projects based on measurements of silver compared to other investments or commodities.
TVC:SILVERLong
by WinstonWolfe
2
Get long Silver for the long haul? This chart is a super zoomed-out view of Silver priced in U.S. Dollars going back about 10 years on a Monthly time frame. While I think a very good trade idea could be coming a little later this year (2022), I think the thesis is best illustrated on the longer time frame. As you can see in the chart, Silver spent about a year and a half consolidating in a range between the high $18 range, to the mid $24 range. I've drawn a rectangle from this time period to the Volume Profile to show that a small value area was formed at these prices. Since April 18th, Silver has been crushed - it has barely seen an uptick on it's way to declining about -17%. The broader view isn't much better, as it is down -16.5% YoY, and -6.5% YTD. Over that same time, Gold has held up much better and is up +4% YoY and +1.3% YTD. Consequently, the Gold/Silver ratio has been trending upward on a steady incline. While its possible that the current consolidation range can hold, and Silver can sustain prices above $20 before heading back up, but I think its easier to make the case that Silver is weakening over the near term, and could break its range to the downside. If you believe that inflation will be a problem for months, if not years to come, metals should eventually rebound and back up to retest the previous highs. A break below $20 would likely push the Gold/Silver ratio higher, and offer a fantastic opportunity to get long Silver. with the potential tailwinds of a dramatic price rise in the near future - both in terms of U.S. Dollars, and Gold. If the break lower does come to pass, good candidates to enter longs silver positions would be either via Futures, or options in the SLV ETF. I'd also look to put positions on in the Small Exchange's Precious Metals contract SPRE . While this is product would give exposure to the entire precious metals complex, Silver would act as the driver to push it higher.
COMEX:SI1!Long
by InnerMotionTrading
XAGUSD - SILVER - LOOKING FOR THE LONGWe're looking for the LONG in SILVER - XAGUSD We have hit the 618 retracement of the previous swing ( 15.12.2021 - 08.03.2022) We are approaching a 1.272 extension of the last minor swing (28.03.2022-08.04.2022) There is a buying tail now except we have no real evidence of buyers yet. We could see further decline to 707 or 786. The 786 happens to match up with the 1.618 ext. This would be a great buying area. Keep your eye on this one...
FOREXCOM:XAGUSDLong
by enzenator
Silver is going to EXPLODE HIGHERTake a look at this chart showing the disparity between US stock market prices, gold prices, and Silver from the end of the US Gold Standard (1971). All you have to see on this chart is the rally in Gold and the SPX recently. This is the EVERYTHING BUBBLE created by global central banks over the past 8+ years. There has never been a time when FEAR and ASSETs have risen together like this. Global central banks have pushed debt/credit levels to extremes. Traders understand the risks and are already shifting capital away from stock market assets in preparation of a Fed rate hike. They know what comes next. Silver has been so undervalued over the past 15+ years that the disparity between these price levels shows Silver has at least 150% to 300% upside price potential over the next 24+ months (or longer). Now you know why so many people are talking about how the global central banks have fooled people into believing paper has any real value. Gold/Silver are value. Paper is just paper. Learn from the Chinese. Over the past 6000 years, there have been numerous paper currencies pushed out as forms of value by rulers. Eventually - all of them collapsed. The locals realized this and continued to collect Gold and Silver (trading their paper for Gold/Silver when possible). The unraveling of this EVERYTHING BUBBLE will be epic. Follow my research.
FX_IDC:XAUUSDLong
by BradMatheny