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Silverlong

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.
COMEX:SI1!
by CherPetitPrince
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.
TVC:SILVERLong
by CryptoGao1
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.
TVC:SILVERLong
by GOAT1375
Silver - Beautiful Support Level Hi, this is my new update for Silver. On 9th may 2022 we broke important support level 21.60 - 22.10$ in Silver and after ranging below it for 210 days, we finally broke the resistance on December 1st. In the last couple of days we are testing it, to see if it holds as support level again or not. I expect that we are going to hold the support level, because at the same time we have 100 and 200 days moving averages near the support level, we have also 50 and 200 weeks moving averages, so we are little bit to lucky :) Another thing we're looking at is that we are in a bullish expanding triangle and at the same we are getting back the bullish momentum in monthly timeframe for the first time since 2021. We have to be cautious too, because if we break the support level, I expect we are going much lower than 20$.
TVC:SILVERLong
by GOAT1375
1
Silver -> The Bounce Is InevitableHello Traders, welcome to this free and educational multi-timeframe technical analysis. The last three weeks Silver perfectly tested a quite obvious previous weekly support zone, which was now turned resistance and with this weeks candle the market finally rejected the zone towards the downside. Considering the fact that we are now testing an insanely strong weekly support zone, I do at least expect a short term short covering rally towards the upside, after Fridays harsh dump towards the downside. From a daily perspective we are also close to retesting previous support, so I am now just waiting for a deeper retest of the support zone, before I will then enter a long position on Silver. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAGUSDLong
by basictradingtv
44
Grand Silver SupercycleI present the Grand Silver Supercycle. Silver has followed Elliott Wave Theory nicely through the years. The price hit a century low during The Great Depression, beginning what I believe to be the first wave of a supercycle. There is a clear five wave pattern up from this low, peaking in 1980. This is supercycle wave 1. Then, we see a five wave corrective pattern down, bottoming out in the early 90s. Alternatively, a three wave ABC pattern could be drawn. This is where supercycle wave 3 begins. Wave 3 is typically much more prominent than wave 1 in Elliott Wave Theory. For this reason, it makes sense that the next five wave pattern ending in 2011 is only the first subwave of supercycle wave 3. The second subwave corrected to the 2020 low, and we are currently on the third subwave. Within this subwave, we could either be starting a third wave (as shown in the chart) or still be on the corrective second wave. I believe the former is much more likely due to fundamentals. Price targets within the current subwave were estimated as follows: wave 3 length = 1.618 X wave 1 wave 3 target = $48 wave 4 length = 38.2% retracement of wave 3 wave 5 length = 1.618 X (wave 3 end - wave 1 start) I'm more confident on wave 3 ending near $48 than I am of wave 5 ending near $95. There is strong resistance at $50, which coincides with the Elliott target zone. Wave 5 length can vary significantly. For silver at least, fifth waves have traditionally been long ones. Fundamentals Elliott Wave Theory is only a tool. It needs to be backed up by fundamentals when forecasting on long time frames. Silver is undervalued due to many years of supply outstripping demand, creating cheap prices. That is in the early stages of changing as now demand outpaces supply. Global silver demand was expected to hit an all time high of 1.21 billion ounces in 2022 (www.silverinstitute.org). This is largely due to increases in demand in both industry (Green Revolution) and personal investment (stackers hedging against inflation). Silver reserves currently stand at 530,000 metric tons (www.statista.com). The current demand is 38,000 metric tons per year. A simple calculation shows existing reserves could be depleted in 14 years. However, this calculation doesn't take into account new discoveries and recycling, which have so far kept pace with demand. Estimates of time to depletion of reserves vary wildly from a couple decades to a few centuries. At the moment, the prime driver of price (in addition to inflation) will be the deficit, not depletion of reserves. Inflation is a totally different animal that is much harder to forecast long term due to its close relationship to government and Federal Reserve policy. It is more likely that when presented the choice, our leaders choose high inflation over debt default and depression. How this all is going to play out is anyone's guess. It seems for now our leaders are trying to kick the can down the road for as long as possible. If hyperinflation hits, the silver price will reach extraordinary heights.
TVC:SILVERLong
by Cryptogold14
Silver outperform gold during crisis Silver outperform gold during major crisis. During each crisis, Gold and Silver always performed exceptionally well compared to many other markets. In this study, we could see that during major crises, silver outperforms gold. Commodities are a good inflation hedge asset, precious metals are a good inflation and currencies hedge asset. Interestingly, prior to each of its extreme peaks, the market did provide us with clues on its first wave. For the coming extreme, the first wave has just completed its moves. There is always a fundamental story tied to its first wave, follow-by an explosive move. What could be the story this round on its first wave? Covid follow-by high inflation? CME Micro Silver Futures Minimum fluctuation 0.005 = $5 0.01 = $10 0.1 = $100 1 = $1,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com See following link for the video version.
COMEX:SI1!Long
by konhow
The Road to $80 for SilverThe silver market began the initial subwave of a new, major impulsive wave, marked as the third in a sequence. This cyclical pattern can be traced back to the year 1932, with the completion of wave one in 1968, the corrective wave two in 1971, the impulsive wave three in January 1980, the corrective wave four in 1991, and ultimately, a truncated fifth wave that reached its peak in April 2011. This entire sequence can be considered as the first impulsive wave in an even higher degree. The second corrective wave ended in March 2020, with support being found at the 0.236 Fibonacci level. Currently, silver is preparing for what is expected to be the most explosive and unpredictable impulsive wave three in a very long-term scale. Resistance points include: — $24.69 (0.382 Fibonacci extension) — $26.55 (0.238 Fibonacci extension) — $31.99 (0.382 Fibonacci extension, last wave) — $43.73 (0.5 Fibonacci extension, last wave) — $45.29 (0.382 Fibonacci extension level) — $49.83 (all-time high) — $59.77 (0.618 Fibonacci extension, last wave) — $83.11 (0.618 Fibonacci; golden ratio)
TVC:SILVERLong
by joerivdpol
SILVER RESISTANCE BREAK-THROUGHSilver broke through its resistance at 24.39 on the 4h graph, signaling probable continuation of the bullish trend. Both MACD indicator and the RSI indicator are signaling bullish trend as well, with MACD histogram being above 0 and rising and RSI being above its neutral line. If the trend continues we might see the price reaching levels of 24.77 and 24.87 In the opposite scenario, the price might return and test levels of 24.45 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAGUSDLong
by legacyFXofficial
1
All silver traders need to watch these six data points It's important to stay informed about the market and various data reports that can affect silver prices. Here are some key data reports that traders should watch when trading silver: 1-Gold-silver ratio: The gold-silver ratio is the number of ounces of silver that are needed to purchase one ounce of gold. A high ratio indicates that silver is relatively cheaper compared to gold, while a low ratio means that silver is relatively more expensive. Traders can use this ratio to assess the relative value of silver and make informed buying and selling decisions. 2-Industrial demand: A significant portion of silver is used in industrial applications, such as electrical conductors, batteries, and medical equipment. Therefore, changes in industrial demand can have a significant impact on silver prices. Traders should watch for data on industrial production and manufacturing activity, as well as any news that could affect the demand for silver in these industries. 3-Investment demand: Silver is also used as a safe haven asset and can be bought and sold as a form of investment. Changes in investor sentiment and demand for silver as an investment can have a significant impact on prices. Traders should watch for data on investment demand, such as the level of silver holdings in exchange-traded funds (ETFs) and the level of silver bullion held by central banks. 4-US dollar strength: Silver prices are often inversely correlated with the strength of the US dollar. When the dollar is strong, silver prices tend to be weaker, and vice versa. This is because a stronger dollar makes silver more expensive for buyers using other currencies, which can decrease demand and lower prices. Conversely, a weaker dollar can increase demand for silver and push prices higher. Traders should watch for data on the value of the dollar, such as the US Dollar Index, to assess the strength of the currency and its potential impact on silver prices. 5-Inflation expectations: Silver is often seen as a hedge against inflation, as its value can potentially increase as the purchasing power of money decreases. Therefore, changes in inflation expectations can affect silver prices. Traders should watch for data on inflation, such as the Consumer Price Index (CPI), to assess the likelihood of future price increases and their potential impact on silver. 6-Interest rates: Changes in interest rates can also affect silver prices, as higher interest rates can make it more expensive for traders to hold silver and other commodities. This can decrease demand for silver and put downward pressure on prices. Conversely, lower interest rates can make it cheaper to hold silver and increase demand, potentially pushing prices higher. Traders should watch for data on interest rates, such as the Federal Reserve's benchmark rate, to assess the impact on silver prices.
BLACKBULL:XAGUSD
by BlackBull_Markets
Silver hit our target and ready for the next rally to $27.00 in 2022, Silver hit our target price of $24 this was due to a break up and out of a Triple Bottom (3 Rounding Bottoms). Now we see a new Bullish Diamond formation on Silver. We just need to wait for breakout Target $27.00 Fundamentals: Analysts predict that gold and silver will perform well in the new year as the Federal Reserve is expected to cut interest rates in the second half of 2023. This is due to the belief that a recession is imminent, which will reduce inflationary pressures and lead to falling interest rates. Chief North America economist Paul Ashworth of Capital Economics stated that despite the Fed's current hawkish stance, they still expect interest rates to decline by the end of 2023.
COMEX:SI1!Long
by Timonrosso