Silverlong
Silver - Daily and 4H bullish scenario Here's the scenario I'm thinking of for Silver, it might drop a bit to the demand zone where there's a strong support on different timeframes, it also indicates to be overbought on the daily, macd is weak and stochastic want to decide.
Anyway, it might drop as I said or just continue to be bullish to target 29. But if it dropped I don't expect it to go under 200 ma (red moving average).
If none of the above scenarios happen then we got another demand zone as backup (22.5)
Silver to breakout next week! $slvSilver to break out next week and target the monthly resistance before the end of January. Great time to long silver.
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Silver- short term outlookAfter reaching a top at 27.40, Silver dropped quickly to 25 zone support. The price acted like a falling ball, with this 25 as a floor and lower and lower rebounds.
On an H1 chart, we can see a small double bottom forming, with the neck-line at 25.50, resistance which coincides with the falling trendline. A break above would expose 26 important resistance in the short term.
I'm bullish as long as the price stays above 25 zone
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Silver- 28 next?As usual, Silver is more volatile than Gold, and yesterday's 500 daily range on XauUsd translated in more than 2500 pips volatility for Silver. But, also here, nothing is changed from a medium-term perspective. The drop from 27.40, although very violent, is nothing more than confirmation for 25 as strong support.
At the time of writing Silver is trading stable above 26 resistance and I expect the bull run to continue towards 28.
On the short term, dips should be bought and the bullish scenario remains intact as long as we don't have a daily close under 25
Strong Silver StrongSilver as mentioned in earlier post, we were very bullish. Continues to push higher, hit $27.50 now pulling back to test support at $26.00. We are looking to re test prior 2020 high of $29-30
Lost Money On Silver XAGUSD? Watch This Video To Learn Why!XAGUSD Silver has been a very profitable trade for us at the Sunday open, everything that we have detailed in our previous Silver XAGUSD analysis has unfolded to a T.
As I mentioned on the video, I was going to post a link for our other social media but just noticed that it violates the house rules, so I won't post any link here. Make sure you like & follow to never miss any other tutorial or forecast.
Here's the link to the previous analysis:
Silver- Best place to buy itAs I said in my previous analysis, in a bullish scenario ( which I definitely expect ), Silver has more to gain than Gold. ...
Last week Silver was on the run, same as Gold, but, as usual, things are more clear here from the technical point of view.
On Tuesday XagUsd broke above 2 important resistances, the descending trend line resistance and the horizontal and psychological 25 figure. After reaching my short term target at 26, on Friday, we have consolidation and a slightly corrective move. I expect the price to continue up and gains to accelerate after 26 breaks and, more important, I expect Silver to reach 30 in the first trimester of 2021.
25.50 followed by 25 could be a great place for bulls to enter trades and only a break back under 23.50 would delay this scenario.
SILVER: HERE ARE THE LEVELSSilver has broken out and one could consider entering a long trade now or on a retest of the breakout point.
Fib extensions on the chart.
Both fundamentals and technicals are supporting the trade.
SILVER XAGUSD - To The Moon? Watch To See..Silver XAGUSD has been a very profitable trade for us within the month of December where we forecasted a big rally on the back of more stimulus, annual inflation and seasonality.
In terms of Silver we have to be extremely careful in our trading and "scale in" instead of going "all in", for next week we are aiming for a quick take profit level of 26.22 and we will either add more orders or protect our positions based on the reaction of the market off that level.
Silver can be extremely profitable for you, but you need an approach to trading that combines data + key levels to be consistently profitable. If you are finding yourself losing money trading, make sure to give us a like and follow to keep learning the best strategies for profitable trading.
AG: BE PREPARED FOR A LONG LONG LONG SET UPHere is First Majestic monthly chart with all levels to watch.
Given Silver strong performance and seasonability we should be looking for a break of the long term trend line.
I expect much higher price in the next few weeks.
Trade safe!
Silver Getting Ready To Continue It's Parabolic RunSilver has been in a sideways descending channel consolidation for several months. Many are convinced Silver has lost its momentum and will cease to grow, we know this is false, Silver will rise and challenge its previous all-time high in the coming future. We need to see a close above the monthly pivot to initiate a shift in the current trend, followed by a strong close above the descending channel top resistance. Keep in mind, failure to close above the pivot "could" result in a move to the bottom of the channel, overall I expect the price to stay within this channel if it pushes down further
