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Silverlong

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
Long AGQ multi-month tradeThe silver sentiment is much better than gold. Gold/silver bull run should start somewhere end of this month and next month. Start adding position on AGQ around 44-48. a weekly close below 55 MA should be stop loss (around 42 currently). profit target depends on the time frame rather than the price target. Note: The only thing to be aware of is the USD cycle --- whether we are in a new multi-year-long rising or falling USD cycle (check DXY). With infinite QE, I would bias towards a falling USD cycle, as of 2020. But if USD continues to rise then we will different sentiment.
AMEX:AGQLong
by IC50_50
I love silver to protect me from inflationI am sure that inflation will rise in the coming months. Too much money is injected by central banks and few opportunities to intervene on rates. Buying tangible assets seems to have become an investor's refrain. Ray Dalio also insists on this aspect. Youtube Ray Dalio interview on Bloomberg : www.youtube.com I thought for a long time about which real asset to address and in the end I chose silver because I prefer it to gold. Silver has many industrial uses and could be significantly underestimated at the moment. It is not only a haven asset, it is also a real commodity, but there is more. Banks will try to keep inflation low without intervening on rates. But banks own gold and not silver, so they can't sell silver. This is why I chose it to protect myself from inflation. I would say that technically it is also not bad. It is on nice support that seems very solid.
AMEX:SLVLong
by LukkVal
5
Long Position on Silver XAGUSD - 120+ Pip OpportunityLooking for Silver to Break the Consolidation Zone and continue to the Next Higher High of the Structure on the H1 & H4 Chart. Use Proper Risk Management. Once the trade hits TP1 - Please close half of the trade and move your SL to Entry to make it a risk free trade. **Pending Order** Silver XAGUSD - Buy Stop Entry - 26.10 SL - 25.85 TP1 - 26.40 (30 Pips) TP2 - 26.65 (55 Pips) TP3 - 26.90 (80 Pips) TP4 - 27.20 (120 Pips)
OANDA:XAGUSDLong
by TheForexGurus