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Silverlong

Silver will break out soon. Target $50/ozSilver broke out of a descending wedge last week, confirmed so far by staying above the decline and there is a lot of momentum because of inflation fears. The price was likely suppressed into the dip anyways, as we know thats common, and the same market factors that pushed down bitcoin in the spring affected Silver too. Now Bitcoin has pumped back and silver will likely follow. The last couple weeks formed either a cup and handle or an inverted head and shoulders will form over the next few days. Maybe you could hav fun longing Silver but I prefer to just buy physical. Happy trading!
SLong
by fa1rw4rn1ng
Silver Market Bullish Divergence Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Silver XAG/USD begins the week in a positive way, rising 0.97%, at trading at $24.54 but have dropped to $23.916 today and the market sentiment is upbeat, portrayed by rising US stock indices, recording gains between 0.12% and 1.01%, contrarily US T-Bond yields slide, with the 10-year note rate falling one and a half basis points, sitting at 1.639%. Oscillators on the daily chart – though have lost positive traction – are still holding in the bullish territory. Hence, any further decline might still be seen as a buying opportunity near the $23.55 region. This should help limit the downside near the $23.20-15 strong resistance breakpoint. A Bullish divergence has been spotted between the market and different indicators that show the potential for an upward movement in the market soon. Possible Scenarios for the market : Scenario 1 : The market has dropped in the last 2 days from $24.80 to $23.88 this Bearish move has a small possibility to continue until it reaches the support line located at $23.16 where a battle will happen over control between the Buyers and Sellers over control, If the Sellers were able to win we could see a further drop that will reach the $22.33 level before gaining upward momentum. Scenario 2 : A Bullish divergence has been found between the market and the RSI, MACD which shows a strong potential for an upward movement happening soon that will be headed to the first resistance located at $24.78, and after breaking out that level the market will push to the second resistance line at $25.53. Technical indicators show : 1) The market is above the 5 10 100 and 200 MA and EMA showing a good bullish movement for the long term and daily range but still below the 20 and 50 MA,EMA that indicates a small drop for the weekly range. 2) The MACD is above the 0 line indicating a Bullish state in the market with a positive crossover and a Bullish divergence. 3) The RSI is at 56.27 showing good strength in the market with a Bullish divergence that indicates a rise in the market soon. Weekly Support & Resistance points : support Resistance 1) 23.259 1) 25.109 2) 22.207 2) 25.907 3) 21.409 3) 26.959 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
FOREXCOM:XAGUSDLong
by GabiDahduh
SILVER - LOOKING FOR THE LONGSilver is at support with 9th Aug. It is also at a 1.272 reversal (Orange). This is our first chance to go long (1st yellow bubble). First target will be the breakout lower at 23.360 If the price action remains bearish the next support and next opportunity to go long will be at 22.00 (2nd yellow bubble). This is a very important support. If it breaks there will be no support until 19.4 - this also happens to be a 1.272 reversal of the last major bullish swing (Pink 1.272) - from 24/09/2020 - 01/02/2021. We get three shots at this. Stops will be important as will the price action.
FOREXCOM:XAGUSDLong
by enzenator
1
Silver Squeeze: Buy the DipLet's be real, Joe Biden is everyone's worst nightmare. But the inflation continues. And it's rapidly getting worse under the old guy with dementia. We need to find a better balance ⚖️ Where is the Justice? Bitcoin is crushing new ATH's right now, it's really just a measuring device for inflation and based on that measurement silver and gold are being badly manipulated. This is obvious fraud. Everyone knows it. When the IRS starts coming after we the people, it's time for we the people to demand and perform an Audit on them. GameStop and AMC proved without a doubt, what all those keyboard warrior, conspiracy theorists suspected. It's time we put silver and gold at it's rightful price. Send silver to $1,000. That'll get everyone's attention. $ASM my number 1 #SilverSqueeze play. 10x potential.
TVC:SILVERLong
by RealChartBeast
Silver , We need pullback ...Hello everybody In here we have new rally of Silver that it started days ago and in here in 4h time frame we have new powerful breakwave The trend is upward and we need some rest and pullback to take position toward the trend ( Buy ) And we have heavy resistance in our way to go up , we can buy some silver after pullback done and wait until the Tp we shown on chart and if the price can rise more we can trail of position and we will going up According to trend line that we shown , we expect that the price can come to touch it for support then can attack to the resistance zone , and near of the trendline with multi time frame checking and take signal we can buy and take long position Dont forget use Stop Loss and money management Good Luck Abtin
FOREXCOM:XAGUSDLong
by Abtin00
GOLD'S DOWNWARD PRESSURE (MANIPULATION) IS EXHAUSTED! It is hard to technically analyze a market as manipulated as precious metals are. Every day they are bought up in the Asian/Euro markets and slammed (8:30am EST) almost without fail. Ive been watching the metals markets every day for the past decade and I have not seen manipulation this blatant since 2011 (silver take down from $49). The difference today is that the shorts (despite their government backed fiat war chests) have not been able to hold metals down. If you think I am a heretic please educate yourself on governments "rights" as well as ability to "control" every financial asset known to man (expect for Bitcoin) in the interest of preserving the "economy' and the USD. As frustrating as the past decade and this past week has been I relish in the futile attempts central banks and the federal reserves attempts to distort reality and play god with the worlds financial monetary system. Hocus Pocus aside, from a technical perspective.... Gold and Silver's RSI have turned up on a weekly basis. They have formed a nice inverted head and shoulder pattern, and have finally started to print higher lows and higher highs on a daily basis. It is foolish to underestimate the power and control nice government men have over this market but I am compelled to stick my hands in the fire and buy metals again for a long term hold. The Feds "transitory" rhetoric has fully devolved into a pipe dream even the most foolish of believers have started to awaken from. With the commodities index up hundreds of percentage points it is hard to believe metals can realistic be lower than they were this time last year. In addition, the euphoria of Bitcoin (a clear competitor to Gold) seems to be peaking as it always does with "bullish" news of a ETF just as it did the last time it reached this resistance zone with the public offering of Coinbase.
COMEX:GC1!Long
by lowerlows