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Silverlong

Silver Consolidation and Potential Breakout:The silver (XAUUSD) has been trading in a range following the spike in the price last July 2020. Traders with bearish and bullish view are testing prices in the search for indications of the next level. The weekly chart shows this battle forms a consolidation process and a triangle pattern with bears losing power in every drop. A breakout occurs when prices finally moving outside a defined support or resistance level after a period of consolidation and increased volume. Nobody knows with certainty where the next move will be, but based on the pattern, we are in the middle of a breakout trade. The upside potential is huge due to the combination of monetary and industry-specific factors. The current monetary policies of all the Central Banks for injecting more liquidity in the economy is causing warnings of the inflationary pressure and lack of confidence in the Fiat money. But at the same time, silver is not only a precious metal but an important metal for electrification and products such as electric cars, solar technology, medicine, among others. Nevertheless, good traders usually place themselves in a position close to the support level and evaluate the risk/reward ratio with a stop loss just below the last low level defined. In the end, as Elder Alexander said: "Markets spend more time in trading ranges than they do in trends. Most breakouts from trading ranges are false breakouts." - Elder Alexander (1993), Trading for a Living
SAXO:XAGUSDLong
by QuantVox
$XAGUSD - Breakout from an ending diagonal Hi guys! 👋🏻 🔔 There is a very small gap in CFTC long and short net positions, long positions are increasing, non-reported net positions have 2x more long positions than short. 🔔 Covid19 new waves might support the new bullish for Silver and Gold. 🔔 Both metals tested their respective major support zones and Silver just broke out from the Ending Diagonal. Fear of inflation, fear of Covid19 spreading = hedging. Most known heding assets for long time are gold and silver. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAGUSDLong
by azizelliott
I AM ANALYZING FOR YOUR COMFORT - SILVERAfter yesterday's explosion, the silver drew a flag, this being a bullish formation. Although it is still in the accumulation phase, and can still decrease slightly, in my opinion, the silver will increase me in the coming days. The target is now 28.2, major resistance. Once this value is exceeded, I would think that silver will accelerate growth. But we know that it is a capricious metal, so we will treat the evolution step by step. For now, what I see is Long Silver.
SLong
by Viorex
Silver - a great breakout pattern⚡️I will buy after...Price has a powerful key level of 26.6. Now we're forming squeezing. It's a nice reason for further growth. I see the entry point only after breakout and retest. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
TVC:SILVERLong
by Yuriy_Bishko
6
S I L V E R - Trade Idea!!S I L V E R - Trade Idea. Precious metals overall have a lot of catching up to do compare to other commodities such as: Lumber, Copper and many others the list is endless. We saw this a yr a go coming due to Bloomberg commodity index, inflationary aspects was going to rise further. We've had good returns overall in commodities area, but isn't it time we pay attention to where precious metals is heading. We have been ranging for while, however there are still trading opportunity in the 'old skool' precious metals at a good risk/reward! Yes, aware that a lot of attention has gone towards cryptocurrencies this yr allowing further institutional investors with wide divide on the aspects on what to invest in. However, I still look at precious metals as % of my portfolio. Technical Aspects Pattern: Short Term - Pennant Longer term - Potential H&S Developing Support: 25.625, 25.165, 24.970 Resistance: 26.660, 26.915, 27.305, 27.935 Key tip: Stick to your trade plan and develop consistency Best wishes, Mind Capital (Just trade idea, not a recommendation)
FOREXCOM:XAGUSD
by MINDCAPITAL
XAGUSD RocketManChart is looking extremely bull for Silver price Bull signals: 1 - a Major trend line shown by dotted white line has been played and respected since 2 March 2020 and we have broken back above it after a test low dip on 30 March 2021 2 - Double bottom at what has turned out to be a major support zone for silver which is at the 0.382 Fibonacci retracement zone from the swing low at march 2020 and the swing high at august 2020. Great support here, low not been seen since 3 - W pattern formed (one of my favourite - so simple and effective) right at the double bottom 0.382 which was a key indicator for the continued rise for silver which has now found the neck line at 25.487 (0.236 fib retracement) 4 - We are above 50,100 & 200 MA and SMMA lines which is an amazing bull sign, the recent break above the 50Ma is a lovely end of week close for Silver 5 - the end of week close was also sat right above the white dotted line from the August 2020 high which marks out the upper side of the descending triangle that has been formed since the last high. What we are seeing now is a possible break out north, big potential for silver to test recent high at 30 and above As well as this the current Silver physical demand is through the roof and I do not believe that the current price at 25 reflects this. My trading ideas are not gospel, I just like the numbers and patterns Universal patterns are universal
FX:XAGUSDLong
by Money_Magnet_
3
Silver Squeeze - Yes PleaseWe saw spike in the silver above the old high in February 2021 in a three wave move. A good indication that the price is keen to go higher. Since then price has formed a bullish falling wedge pattern down to the 76% fib(Lucas level). At the 24.00 handle we saw the RSI go from 20 to 69(indicated by the green box). This is a sign of strength as the RSI bounce of the 40 level ,which is the bottom level for a bull market. If the RSI holds above the 40, with a divergence in the CBRSI indicator forming, we should see a move to the 35 handle. With the limited supply of physical silver now available world wide, we could see a larger bull market unfold.
OANDA:XAGUSDLong
by TRADER-RI
To Infinity And Beyond Buzz Lightyear is in control of this rocket ship. For me a key level of interest and a sign that price finally broke out of the downtrend came in my yellow box, as we can see price came back up to test the trendline for the 4th time, it broke on this 4th touch and then came back down to test this same trendline as support before bouncing in a bullish fashion and hitting my 1st target 26.0 which i could see been used as slight resistance. On Friday price did use this as resistance, tried to push through but bulls were not strong enough causing the bears to push price back down below this level, Today we have pushed back above this level and i can see price staying above it and pushing even higher. 26.5 will be my next level and then 28.0 If you have any questions then please just ask, i will be happy to have a chat and see how i can help you. Peace out.
OANDA:XAGUSDLong
by Premier_FX
(Update) AG showing Triangle Pattern, breakout incoming?Hi. In this 4h chart I've plotted a prediction of the Elliott wave pattern that could emerge as the price has now broken through the diagonal resistance line. I believe that the previous downturn when the price moved to the peak of the triangle was a correction wave and the current movement is the following impulse wave and that the price is currently in the first correction and that the biggest line of the wave is coming next. See the link to the previous idea below if you want to know more. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NYSE:AGLong
by Kabeldon
Silver, XAG/USD - new entry point🔥For the fourth time, the price approached the resistance level. If the price breaks the level this time, I will wait for a retest to open a long position. Let's see! Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
OANDA:XAGUSDLong
by Yuriy_Bishko
8