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Silverlong

SILVER:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|LONG🔔Inflationary pressures remain elevated, as evident in last week’s PPI data out of the US. Supply chain disruptions and port delays will continue to keep costs high for producers, which will filter through to CPI data. The US Dollar came under pressure after dismal confidence data out of the US, which dropped to a decade low. Since silver and other commodities remain priced in US Dollars, it provided a boost to price action. The delta variant of the Covid-19 pandemic is likely to depress economic data for the rest of 2021, adding another bullish factor for gold and silver. Geopolitical tensions, especially out of Afghanistan, might not contribute on a stand-alone basis, but once added to the mix of issues for the global economy, they add their weight. Equity and cryptocurrency markets ran away over the past month, and traders should prepare for a correction. A sell-off can further raise the price of precious metals, and silver has the most to recover. Chinese economic data also disappointed this morning, a trend likely to be repeated around the world. The forecast for silver is slowly turning bullish following its flash crash last Monday.
FOREXCOM:XAGUSDLong
by FOREXN1
3
SILVER Silver has a good probability of beginning of intermediate impulse wave, macd in daily is showing positive crossover and Uptick, aligned with macd in hourly positive crossover and Uptick and also above zero, rsi in hourly is also positive and also above 60, in hourly time frame silver has given a fresh Breakout with good intensity of volume, one can go long at these levels or in dips (if any) with stop loss of 25.220 for targets of 26.025, 26.533, & 27.332. all the key levels are mentioned in chart with Stop-loss and Targets. Breakout with Good intensity of Volume Key Levels are Mentioned on chart Macd in daily positive crossover and Uptick Macd in hourly positive crossover and Uptick and also above zero Rsi in hourly crossed above 60 and uptick Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
TVC:SILVERLong
by RK_Chaarts
2
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support of 23.75, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 24.50 on 07/27/2021, so more gains to resistance(s) 25.75, 26.60, 28.30, and maximum to Major Resistance (28.75) is expected. Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains. The relative strength index ( RSI ) is 46. Take Profits: TP1= 25.75 TP2= 26.60 TP3= 28.30 TP4= 29.85 TP5= 33.45 TP6= 37.50 TP7= 44.20 TP8= 49.80 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDLong
by ForecastCity
5
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support of 23.75, a resumption of an uptrend is expected. We make sure when the resistance at 28.75 breaks. If the support at 23.75 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low. A trough is formed in the daily chart at 24.50 on 07/27/2021, so more gains to resistance(s) 25.75, 26.60, 28.30, and maximum to Major Resistance (28.75) is expected. Price is below WEMA21; if the price rises more, this line can act as dynamic resistance against more gains. The relative strength index ( RSI ) is 46. Take Profits: TP1= 25.75 TP2= 26.60 TP3= 28.30 TP4= 29.85 TP5= 33.45 TP6= 37.50 TP7= 44.20 TP8= 49.80 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSDLong
by ForecastCity_World
14
Love The Upside! - Fortuna Silver Mines Inc <FSM>Going into the Earnings report on August 11th, I think we will have a great bullish swing with tons of upside, ex. going from 4.10-ish to the 5.90 level at a minimum, and potentially even higher depending on the news. The company has been struggling in the last few years yet now is dishing out a ton of positive news about their ventures and the scale of their operations. Quarterly financials show that they are looking to have stronger financials than they have in the last 3 years... I think this offers a lot of growth for an otherwise currently undervalued player in the space! If the results however are much more negative than expected, I could imagine a lowering down to $2.85-ish at the lowest, before we will hopefully get a lot more support for another bullish move back to current levels and beyond, perhaps around $5.00. Either way, if you are looking for a nice little swing play with the potential for a 20-50%-ish upside depending on the outcome of the next earnings report, and also don't mind holding for a few months to see where we go, then this opportunity is likely to be for you!
NYSE:FSMLong
by JJForMayor