SI!Attempting 5 wave impulse.
The idea is that silver is severely undervalued. Given its current utility need, it should be higher.
Silverlong
silver Silver ( XAGUSD ) is still in the sideways move since mid-2021 ,Silver is trying hard every time to penetrate the resistance levels especially the 50 EMA line
Today the Silver (XAGUSD) is trying to close above the 50 EMA line for the first time in February . if the Silver ( XAGUSD ) can close above the 23.08 level it will be a buy signal and the next resistance levels will be 23.6 and 24.44 which is the main short term resistance level (200MA blue line).
SILVER LONGTarget is shown on chart
Also the fundametal reasons why silver may rally in 2022:
www.nasdaq.com
(1 - Industrial Usage & ESG Transition)
Silver is often considered as an industrial metal too. About 50% of the metal’s total demand comes from industrial applications, while 30% comes from jewelry/silverware/coins and medal manufacturers. The industrial demand for silver is rising, especially on the green energy front. Silver is used in solar power and electric vehicle applications. Hence, growth in the global solar PV industry, a likely rebound in global computer shipments, as well as new sources of demand for sensors used in IoT are providing a boost to silver demand.
(2 - Rollout of 5G)
The recent emergence and rollout of 5G globally is another positive for silver. The electronic components that enable 5G technology depend on silver greatly. Silver’s role in the electronic applications used in 5G is forecast to rise significantly to approximately 16 Moz by 2025 and as much as 23 Moz by 2030, which would mark a 206% rise from the current level, per a report from the Silver Institute.
(3 - Cheaper Valuation Compared to Other Metals)
Silver has the best chance to rise in 2022, said Gainesville Coins precious metals expert Everett Millman, as quoted on Kitco.com. "It is so cheap relative to other metals and other commodities. And it figures prominently in emerging technologies and green energy. It is a perfect storm for silver to finally break out in 2022, especially after it really lagged gold these past few years," per Millman.
(4 - Supply Deficit in the Cards?)
The Silver Institute forecasts a supply deficit for the physical silver market in 2022. A research report from Wisdomtree reveals that capital expenditure in the mining industry has been low due to the pandemic. That should help tighten the supply of silver.
Follow the ETFs:
Aberdeen Standard Physical Silver Shares ETF (SIVR)
Invesco DB Silver Fund (DBS)
ProShares Ultra Silver (AGQ)
SILVER top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
SILVER (XAGUSD) | The best place to buy🎯Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the count we had at higher times, we came to the conclusion that we will have an upward trend.
This trend may be for wave 3 from the lead or for wave c from the correction.
At this time, a wave has formed in a leading form, which we have labeled as the main wave 1, and now we doubt the beginning of wave 3 or still within the correction process for wave 2.
For this purpose, we considered several ranges. The first range is the breaking of the canal roof (green circle), which is a confirmation for the beginning of wave 3 and the ascending trend.
The next price range will be 21,000, which will be a downtrend if this range is completely broken.
In the next analysis, we will specify in more detail what the ascending and descending scenario is like.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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SILVER - XAGUSD - LONG SETUPWe're looking for the LONG in Silver.
Market has retraced to the 382 of the whole swing from Mar 2020 - present.
It has also retraced 50 of swing higher from December 2021 - present.
It has knocked on the door of a trend line connecting tops from May 2021-present.
Currently market has come back to retest the breakout are from which it went higher.
From here we're are looking for a LONG entry.
Target would be the ABCD pattern taking us to 26.400
Long silverLong Silver @60500
SL will be below 58100
58200 is the last support for the Silver and we will see the reversal from that point if it comes , else hodl
SILVER (XAGUSD) | The best place to buy🎯Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the count we had at higher times, we came to the conclusion that we will have an upward trend.
This trend may be for wave 3 from the lead or for wave c from the correction.
At this time, a wave has formed in a leading form, which we have labeled as the main wave 1, and now we doubt the beginning of wave 3 or still in the correction process for wave 2.
For this purpose, we considered several ranges. The first range is the breaking of the canal roof (red circle), which is a confirmation for the beginning of wave 3 and the ascending trend.
The next price range will be 21000, which is a downtrend if this range is completely broken.
In the next analysis, we will determine more precisely what the ascending and descending scenario is like.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
XAGUSD (SILVER) - Update
XAGUSD is making good higher highs and higher lows (confirming bullish trend). We are expecting bulls to be active again and recent low is a Higher low.
One can take entries from here and sell it to higher side. Trade your levels accordingly
Silver to $5.20 end of Year ( Great Buy Opportunity ) Something is gonna happen that will effect the markets this year , it will flush all long buyers of metals and will create best buy Opportunity !
Not financial Advice
Bullish alt bat formation in xagusdThe waves in the c-d leg extended beyond 1.414 level after the alt.bat pattern completion. A short retest is going to happen then the Bulls shall target 0.382 & 0.618 levels.
SILVER (XAGUSD) | The best scenario for climbing📝Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
As we said in the previous analysis, we will generally have an uptrend, which may be for the impulse phase or the continuation of the correction process.
According to our count from this part, the process of waves 1 and probability 2 is over, and if the upper side of the channel is broken, the beginning of wave 3 is also confirmed.
Otherwise, according to the previous analysis, the downward trend will continue, but it will deviate from normal and the strength of this decline will decrease compared to before.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Best opportunity for investment in this bloodbathI mentioned silver a few months back and I'm still on my words. I follow this path for Silver and I have solid fundamental reasons as well.
XAGNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
SILVER PRICE BACK IN ROME WOULD BE 1200$+ pr oz in todays moneyI think one day silver will go parabolic, we dont know when, but the longer it takes the higher it will go.
SILVER TO 26$External weekly parallel channel showed us a powerful uptrend at 21$
The market created a internal daily parallel channel and made a 3rd bounce.
Expecting a ABCD pattern to 26$
SILVER (XAGUSD) | Best point for sale🔥Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The wave count performed for the silver weekly time creates several movement scenarios, but in all of these scenarios an upward movement the size of wave (1) is confirmed in the current analysis.
In the current analysis, wave 1 is composed of wave probably 5 at higher times, and we are inside wave 2.
Wave 2 is inside wave a and wave a forms its four waves in the form of five waves in the form of a triangle, and wave 5 is placed around the Fibonacci 0.38 or the lower side of the triangle.
In the current state of wave 5, a microwave is completed, and in the next wave and in the next wave, half of the previous wave is corrected in the first motion of this wave; The completion of this wave can be done with the same correction or it can be completed in the form of two other waves that are formed in the form of sideways in the same range and then the next descent to the lower side of the triangle occurs.
But in the next case, the descent will be created without any other side movement.
Finally, it should be said:
If the fibo is broken or the upper side of the triangle, which is more like a channel, is disappointed with the continuation of the downward movement and the wave count is somewhat different.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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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.
SILVER: Likely going to have a rebound soonThis is a rather complex chart because there's quite a number of waves & patterns to look out for. (Well :) who said trading is easy?!)
So, I draw my perspective basing on the Daily chart.
1) yellow 12345 = impulse wave down
2) Blue ABC = retracement
3) Green 12 = another impulse wave
Right now I'm seeing the end of wave 1 (green line) and forecasting that we can trade the wave 2 (correction).
There's 3 overhead Supply Zones that we can set our Target Profits. I'd think the nearest Supply Zone (smallest red box) is probably going to be the weakest..meaning it's going to break through it rather easily.
So, I prefer to have my TP1 at the middle Supply Zone. Will fully close the position if & when it touch $25 (not going to squeeze the last drop of it)
Always, trade carefully!
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
XAGUSD Buy Silver price is $23 For today. Inflation rate is too high in global economy, technical analysis also gives bullish signals on Gold and Silver charts. S/L is under $20 T/P $40. Good luck!
SILVER (XAGUSD) | The best area to fall🔥Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The wave count performed for the silver weekly time creates several movement scenarios, but in all of these scenarios an upward movement the size of wave (1) is confirmed in the current analysis.
In the current analysis, wave 1 consists of wave 5, probably 5 at higher times, and the valance is inside wave 2.
Wave 2 is inside wave a, and wave a forms its five waves in the form of five waves in the shape of a triangle, and wave 5 is located around the Fibonacci 0.38 or the lower side of the triangle.
To complete this wave 5, we will have a descent to the lower side of the triangle before the Fibonacci retracement of 0.618 or the range of 23,500, but this is normal.
And after this move, wave a ends and wave b starts, which corrects for a long time and in terms of correction up to Fibo 0.618, ie 25,600.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Silver is looking bullish on the weekly time frameSilver is making a bullish flag which indicates upward movement to approximately $40.
Silver (End of Corrective Elliott wave)Just my idea, just my trading strategy I want to share. Not a financial advice. Do your own research.
