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Silverprediction

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: TightIt’s getting tight! Silver hasn’t all that much room left to finish wave 4 in green… We expect it to make it in time, though, and to go for the resistance at $20.87 afterwards. Once above this mark, silver should push off into the orange zone between $22.11 and $23.72 to complete wave 5 in green as well as wave iii in orange, before starting a countermovement. However, there is a 45% chance that silver could fail to get its act together early enough and could thus drop below the support at $18.96, which would then trigger further descent below the next marks at $17.89 and $17.40.
COMEX:SI1!
by MarketIntel
Silver: Keep the Pot Boiling 🫕Quite peppily, silver has vaulted upwards, only to stop short in front of its next destination. Now, it should keep the pot boiling and take up speed anew to make it into the upper green zone between $20.12 and $20.70, where it should finish wave 3 in green. After a short counter movement into the lower green zone between $19.56 and $18.93, silver should continue to climb northwards. There is a 40% chance, though, that silver might need a break and could drop below the support at $17.40. In that case, it should take a detour through the magenta colored zone between $17.23 and $14.14 first before rising effectively.
COMEX:SI1!
by MarketIntel
Silver analysis: bear market rally and what lies aheadSilver has risen by 11% in the last two weeks. This performance comes after losing about 30% since March 8, indicating a so-called bear-market rally. The main macro driver behind the silver price recovery has been a sharp drop in US bond yields, with the 1 0-year yield falling to 3-month lows at 2.6%, its lowest level since April, as the market now expects the Fed to be more dovish because of the recession. From a technical standpoint, silver is approaching an important area of technical resistance in the $20.5-20.6 range, which includes the 50-day moving average, which has been trading above the metal's prices for more than three months. This area was also the support level in May, which was then breached in late June, resulting in a sharp selloff. The significant rebound from the lower line of the major descending channel indicates a positive short-term price momentum for silver , with the RSI breaking above 50 for the first time since April 20th. An overshoot above $20.7, and then above the psychological level of $21, would provide the bulls with additional confidence. Then, $22-22.3 (May/June resistance & February-April support) provides an important resistance area, where some stronger seller pressure could appear. However, as long as prices do not decisively exceed the 50% Fibonacci retracement level at $22.6 and the 200-dma at $22.9, the broader silver's picture remains tilted to the bearish side. Looking ahead, silver's strong correlation with safe-haven gold – which is currently close to one – is a positive factor if recession fears continue to fuel speculation on a dovish Fed. In contrast, if the Fed continues to tighten monetary policy despite the recession, this might keep silver prices relatively contained (below $22.5) for longer. Analysis by Capital.com's forex and metals analyst Piero Cingari
TVC:SILVER
by Capitalcom
Silver: Whac-A-MoleYou know the arcade- and computer-game “Whac-A-Mole”, where you have to whack little mole-figures popping up randomly back into their holes? Quite similarly to these mole-figures, silver has repeatedly been popping up into the upper orange zone between $21.85 and $23.46. Now, we don’t want to whack it, as it still has some room in the upper orange zone to finish wave iv in orange. However, as soon as wave iv in orange is completed, silver should indeed move downwards to continue the overarching descent.
COMEX:SI1!
by MarketIntel
Silver: Close Call 😮‍💨That was a close call! Silver has missed our alternative scenario by a hair’s breadth by popping above the resistance at $25.49. As it has gotten its act together just in time though and has drawn back again, we still expect silver to return into our pink trend channel to move downwards below the support at $21.41. However, although it has been narrowly avoided, our alternative scenario with a probability of 45% remains. If it prevails, silver should rise into the blue zone between $25.88 and $29.34 first before turning around again.
COMEX:SI1!Short
by MarketIntel
1
Silver: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Silver. The chart is self-explanatory. Silver price has been climbing up the local support trend line. RSI is about to reach the overbought area. Silver price has potential to drop. It may be supported by the 0.236 Fibonacci Retracement level as well as the strong support zone if price keeps falling. If Silver price moves upwards, keep an eye on the 0.50 Fibonacci Retracement level where there is strong resistance. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:SILVER
by MillionaireEconomics
6
Silver: Into the Green 🌱 🌿Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94 and afterwards even further below $21.41. Still, there is a 38% chance that silver could surmount the green zone and rise above the resistance at $24.75. If it makes it even above $25.49 afterwards, it should continue the ascent.
COMEX:SI1!Short
by MarketIntel
XAG/USD (SILVER) WILL UP BEFOR DOWN XAG/USD (SILVER) will go upside a little bit and after that, it will come downside as an impulsive or an ending diagonal (falling wedge) to finish the c wave of 5th of 2nd wave as an ending diagonal. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #XAGUSD #SILVER
FX_IDC:XAGUSDShort
by anantadhungana
I AM ANALYZING FOR YOUR COMFORT - SILVERYellen's departure yesterday scared investors in metals terribly. particularly silver is easily frightened and diverted from its path. Unfortunately, the beginning of a beautiful bullish trend was transformed by Yellen into a moderate decline, but followed by indecision. The question mark launched on raising rates and implicitly the USD, will weigh seems quite difficult. The silver only needs 2-3 days for braking, and only then to think about whether to go up, or wait for clarifications. Normally he should try to recover from yesterday's decline, especially since Yellen later retracted, but we're talking silver, so be patient!
S
by Viorex
XAGUSD (SILVER) SELLING FROM RESISTANCE ZONE !As i can see silver is getting rejection from the drawn resistance zone in chart and now looking for a retrace to till design Tp as we can see $ is getting some Strength and we will sell this pair with a very low risk and looking for a higher rewards selling silver is based on the given chart and it is pretty easy to get understand even for a new trader hope so u like this idea Dont forget to push like it will be a great effort for us & help us to provide u more analysis Follow us for more updates
OANDA:XAGUSDShort
by APEX_TRADING_ACADMEY
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