Get started

Silverlong

💡SILVER (XAGUSD) - Weekly Technical Analysis Update Midterm forecast: While the price is above the support 23.75, a resumption of the 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: The symmetrical triangle is taking shape. As a continuation pattern suggests, we will soon see another leg higher if the price breaks and closes above the downtrend line of the triangle. The RSI support #1 at 48 is broken, so the probability of the resumption of the uptrend is decreased. A peak is formed in the daily chart at 28.55 on 06/ 01 /2021, so more losses to support(s) 25.75, 24.50, and minimum to Major Support (23.75) 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 31. 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
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 23.75, a resumption of the 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: The symmetrical triangle is taking shape. As a continuation pattern suggests, we will soon see another leg higher if the price breaks and closes above the downtrend line of the triangle. The RSI support #1 at 48 is broken, so the probability of the resumption of the uptrend is decreased. A peak is formed in the daily chart at 28.55 on 06/01/2021, so more losses to support(s) 25.75, 24.50, and minimum to Major Support (23.75) 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 31. 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
7
Buy the dip on Silver support lineCommodities are rapidly increasing in prices while the US govt continues to pump trillions of fiscal dollars into Biden's infrastructure plan & federal unemployment benefits. Also with feds fund rates kept at 0% and recent reported inflation at 5%, negative real rates should continue to provide strong support for monetary metals like gold/silver. Additionally with green initiatives like solar panels and EV requiring more silver for production, we can continue to see strong industrial demand in the near future too.
TVC:SILVERLong
by FIRE_CAPITAL_SG
1
Silver... The buy of a lifetime!!If you have missed out on bitcoin or feel your position is not as strong as you want, or perhaps you want to diversify a little. By simply looking at this chart and understanding chart patterns you can see that silver over a forty year period has been forming an almost perfect cup and handle formation. The cup and handle is not confirmed yet and may take another year or more before confirmed. I assure when it does we won't be talking about $30 $40 $50 silver anymore as it will go well into triple digits. Any buys under the price point of $50 usd will be laughable. The problem with a waiting for confirmation strategy is that might be hard or near impossible to take possession of physical deliver of silver. The highland oval of the RSI shows that Silver is clearly in a bull market (still very early) as it broke through the 60 on the RSI and has held it as support. Once the $30 level (final true resistance) is broken there is a smaller resistance area at $35 to $36 usd and then $50. The confirmation of this chart pattern comes only when previous all time highs (resistance) is passed and retested as support. That point is around $49 to $50 usd You want generational wealth? For me it's Bitcoin and Silver. Yes Silver over Gold. All opinions shared here are my own and not financial advice.
TVC:SILVERLong
by WeAreSat0shi
2
#Silver Will Quickly Surge To $50 By EOY:#Silver and #Gold will begin their next leg up in the near future. There's a possibility that this is that last time you'll be able to buy silver below $30 an Ounce! I'm making this more as a warning because FOMO sucks.. Metals may only go up and sideways during our lifetimes... Silver and Gold are used as conductive components for computer chips, and manufactures are constantly buying for production... Global Semiconductor Industry had massive year over year growth (11%) and this will continue to creates further demand for these metals potentially causing prices to rocket, amongst many other reasons.. DYOR, NFA , Comment Below With Any Questions About This Idea, Follow For More!
TVC:SILVERLong
by contemplatingcrypto
LONG POSITIONSilver is stalling on the offer, but intermarket correlations are compelling Silver is in the hands of the bears as it struggles below daily resistance. Positive correlations to the stock market are compelling as the US dollar firms. As per the prior analysis, Silver bears taking up the baton towards a 50% mean reversion target, there has been little progress to the downside but the path of least resistance remains with the bears. Prior analysis, daily chart Silver prices have stalled at daily resistance and in the day’s move to the downside, it has subsequently formed a new 4-hour resistance at 25.91. Supply would be anticipated to reemerge there and result in a deeper bearish retracement towards the early April highs and a confluence with the 50% mean reversion level of the latest bullish daily impulse at 25.50. It's been a sideways chop since the prior analysis and the price is flat on the day so far. However, from a longer-term vantage point, the bias is to the upside and given the recent test of the 38.2% Fibonacci on some broker feeds, then there is a possibility that the price can firm at this juncture. The price has already tested the monthly support of the W-formation's neckline and is moving higher. That being said, the IUS dollar is in the hand of the bulls from critical support which could give rise to a continuation in the downside on the daily chart for silver prices: DXY attempts to recover as US stocks continue to bleed The positive correlation to US stocks is also worth noting: If you find this helpful and want more FREE Updates on 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 trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ 1_GFX English Support Team ❤️
OANDA:XAGUSDLong
by AFFINITY_MARKETS