2nd Chance Pullback - SI Bullish RSI DivergenceI'm seeing that 4 of the last 6 times that this pattern has played out over the past 4 years, at the first major pullback the RSI continues to put in a higher low.
Price then move higher.
Silverlong
DXY Weekly Head & ShouldersThis goes along with my ideas on Silver.
Weekly DXY Head & Shoulders helping to push up metal prices.
Silver Bullish RSI Divergence 4H ChartI'm seeing a bullish RSI divergence coupled with a descending triangle on the 4H silver chart. I see a similar setup 5 times in the past year and each time the price went up. Am I seeing this correctly?
Silver/USD AB=CD Bullish Reversal Pattern - 1hr time frameAB = CD Harmonic Pattern formation has been observed which indicates an increase in the Silver Price (USD).
You can buy at 25.150 price point. Place a Stop Loss at 24.760.
Take Profit 1 @ 1:1 risk/reward will be 25.509 and Take Profit 2 @ 1:2 risk/reward, will be 25.890.
SILVER BULLISH OUTLOOKSilver is gaining momentum, similar to the other precious metal, Gold. But their purposes are different: while Gold is used as protection against inflation from investors, silver has a lot more industrial uses, especially in the green energy sector. This makes the metal a lot more sought after.
Both MACD and RSI are confirming the bullish trend, and if it continues, targets of 27.5 and even 29.1 can be expected.
On the opposite scenario, as a pivot point, 23 might be considered, and if silver surpasses that level, further down movement to levels of 21.9 can be observed.
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SILVER (XAGUSD) One More Bullish Wave Coming?! 🪙
After a strong bullish impulse, Silver was accumulating for some time within an ascending
triangle formation on 4H time frame.
Its neckline was broken during the Asian session.
We see its retest now.
It looks to me that the market may bounce one more time.
Next goal for buyers - 25.7
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SLV ETF is screaming with a BUY signalSilver may outperform gold for the short term as SLV is screaming for attention. It just had a recent golden cross along with a by-signal measured by Aroon up. So don't miss out on this one at all! I'm also testing the same theory with other highly liquid ETFs as well for tomorrow's trading day.
Silver Rounding Bottom just gave us a strong buy signalRounding Bottom has formed on Silver and the price has just broken strongly out of the resistance (neckline).
The indicators are also showing good upside momentum.
7>21>200
RSI>50
Target 28.70
Silver (XAGUSD): Important Breakout & What is Next 🪙
Bulls keep pushing Silver for the last 3 weeks.
The market managed to break multiple key daily structures.
Last week, the price successfully violated 23.98 - 24.64 supply cluster.
The broken structure turned into a demand zone.
Because the market is currently quite overbought, I will expect the accumulation of buying volumes
within the underlined area and a consequent bullish continuation to 25.85 level.
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Silver set to explode. According to my Elliott wave analysis, Silver is in the early stages of a third impulsive wave, which is part of a larger third impulsive wave. This is the most explosive wave, with significant price gains expected. The recent breakthrough of a crucial Fibonacci resistance level at $24.66 confirms this outlook. With this level breached, silver now has a clear path to reach $45 in the coming months, with a potential fifth impulse wave pushing it to around $83.
Brace for some serious excitement in the coming months!
SILVER - Good Opportunity Hi, this is my new update for Silver. Finally today we have broken one of the biggest trendline in the history of Silver. In the past 2 years we have been stuck under this trendline and after testing it for the 6th time we finally see a good breakout, but not everything is certain right now. Two months ago I told you guys that we are in a "bullish expanding triangle" and I expect we are going to see a breakout and now it is time to see if this breakout holds.
First we have to test the resistance between 25.80 - 26.50$ and at the same time we are testing the 70.2% Fibonacci retracement level. I expect after we have tested those levels we are going to backtest the trendline and the support level around 24.30$ and if these levels holds that indicates the we have a valid bullish expanding triangle and we are going much higher.
At the same time we are in an overbought area in RSI chart and if everything I explained above happens I think we are going to see the RSI test the bullish area of 40 levels and it is going to bounce from that area.
Also good to see that we are getting back bullish momentum on weekly and monthly timeframes.
Silver/XAGUSD end of session updateSilver prices shows positive trades now in attempt to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for today, which targets testing 25.30 as a next station.
Therefore, no change to the positive scenario that depends on the price stability above 24.90, as breaking it will force the price to turn to decline and head towards 24.05 before any new positive attempt.
My long chart one week on SILVER! MUST watch! Hi, we expect your silver to explode in the near future. You need to prepare for it. I am willing to join this bullish move after a correction to the 0.5 Fib level of this range.
I expect limit orders at this $24 level.
let's see, leave a comment if you agree.
Silver Futures March April Challange Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation!
Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that.
Bearish: Here for the bearish operation we are waiting a retest in our candle, rejecting the resitance level and then going back to support, we gonna also pay attetion if the price after the retest in the resistance will not go directly to the next suport zone, but is gonna restest at a fib level.
FSM - possible upsideFSM looks good and it seems to be ready for more upside.
Key support has held and Williams Alligator looks like it's going to have a bullish cross which would be a buy signal.
3 targets are shown on the chart.
58 % upside potential on FSM
Good luck
SILVER Daily IdeaIdea for Silver portraying a double bottom that pushes price up
A break from the downward movement that has been seen recently on Silver.
Daily timeframe
SILVER (XAGUSD) Detailed Analysis & Trading Plan 🪙
Daily/4h time frames analysis on Silver.
Price action analysis.
Key levels & candlestick analysis.
Trading recommendations.
Thoughts.
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SILVER to MOON over the next decade(s)There is a REASON Kiyosaki won't shut up about SILVER, and I have found it! MACRO C&H/Bull flag targets are INSANITY, but extremely likely to play out over the next quarter century or so...
Silver CDF's Bullish outcomeWhen it comes to commodities, silver always comes to my mind as an inflation hedge option.
Certain benefits Silver offers :
1) Inflation hedge: Silver has historically been used as a hedge against inflation. When inflation rises, the purchasing power of fiat currencies decreases, but the value of silver tends to increase. By holding silver, you can protect your wealth from the effects of inflation.
2) Diversification: Holding silver can help you diversify your portfolio. If you only hold stocks or bonds, you are exposed to market volatility and economic downturns. By adding silver to your portfolio, you can spread your risk and potentially reduce your overall portfolio risk.
3) Industrial demand: Silver is a key component in many industrial applications, such as electronics, solar panels, and medical equipment. As technology continues to advance, the demand for silver is likely to increase, which could drive up the price of silver.
4) Limited supply: While the supply of silver is not infinite, it is much more abundant than gold. However, the mining of new silver is becoming more difficult and expensive, and many silver mines are reaching the end of their lifespan. This limited supply could drive up the price of silver in the future.
5) Tangible asset: Unlike fiat currencies or stocks, silver is a tangible asset that you can hold in your hand. This can provide a sense of security and stability, especially during times of economic uncertainty.
Silver squeeze. 43 Dollar SilverHold your horses! Silver looks as if its ready for a squeeze ! I predict an impulse movement creating silvers ATH any day now. 80 dollars, however i do not think it will sustain there long, most likely finding a bottom of 43 dollars. Then up to 111 dollars peaking impulse around mid-to-late June.
Silver - Are you ready? Hi, this is my new update for Silver. This week we got a big green weekly candle (+10%). We lost a big support level 2 weeks ago around 21.50$ and now we are above it again, I think that was beautiful bear trap. Right now we have smashed all daily and weekly moving averages and we are getting back the bullish momentum on daily chart. Another thing that is bullish in silver chart is that we are in a bullish expanding triangle and I expect we are going to break both the trendline and the the resistance around 24.40$ on this wave.
Descending wedge We had a pull back. Looks like we have confirmation. Bullish. We are at discount level. We could break Resistance at $0.70, with data coming out next week, FOMC, GDP etc...
silver dropped as predicted.as we predicted in the earlier video, silver did plummet and we booked in really nice profit. now we are trying to trade back into the range
