SILVER/XAGUSD analysis SHORT and LONG tradeLooking for a sell opportunity before I go long for the next month or so. Target price for the long trade is 1890 or lower.
Silvershort
Silver- Best place to sell for a 4k pips profitAfter reaching 21.50 support, Silver has started to rebound and is trading now 1k pips up from this support.
However, after the false break above H&S s neckline, in my opinion, XagUsd is in a downtrend and will soon resume its trajectory to the downside.
The best place to sell it is just under 23 resistance, and such a trade can have a 4k pips profit if we target 19 support
Silver: A long road ahead!We have come so far already, but there is much more to do! In our primary scenario, we expect the course to further drop and fall under the support at $21.41. After reaching these levels, the final stage of falling below $20 can be tackled. A temporary countermovement has a probability of 25% and can only be realized with an increase over $25.88.
Keep waiting!
Will Silver drop to 19 zone(3000 pips drop)?Since August, Silver is trading in a 10-12% range, with a low just above 22 and a high in 24.50 zone.
At the beginning of November, we have a false break above resistance and a quick drop to support afterward.
Usually, false breaks lead to strong moves in the other direction and I don't expect this time to be different.
In conclusion, in my opinion this support will fall, and XagUsd has a clear road to the next important support at 19 zone (a more than 3000 pips drop)
I will remain extremely bearish Silver as long as the price is under 23.50 and traders should look to sell rallies towards that zone.
Best of luck!
Mihai Iacob
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Silver can drop to 21.50In my previous Silver analysis I said that XagUsd is more bearish than Gold, arguing that after the false break of the H&S pattern, the price would also break the trend line support and fall to 22.50 support. And, indeed, the price fall even more and found support at 22.
Now we are in a normal rebound and 22.80-23 zone should act at resistance at this point.
Rallies towards that zone should be sold and the target can be 21.50 support.
Only strong buying above 23 would change my bearish opinion
Showing Silver is not about to break to the upsideThis 3x Silver ETF shows it to still be in a downtrend, with no sign of a reversal yet
SILVER : FOLLOW GOLD ON DOWNSIDE : CMP 22.40Silver follow gold and extending correction in Weekly timeframe Correction...silver expected to fall upto levels 20.85...can shot at current price for tgt 20.85 with SL 23
SILVER top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis
Silver- Best place to sellIn my past Silver analyzes, I said that XagUsd is more bearish than Gold and the H&S trap confirmed this scenario.
Now, as in Gold's case, Silver is in a small correction and this can give us the opportunity to open short trades at better prices.
24 zone I expect to be very well offered and there we should search for selling opportunities.
Only Silver above 24.80 would change my bearish opinion
Silver- More bearish than GoldLike its bigger brother, Gold, Silver also has a good start this month, with the price rising around 2500 pips or around 10%.
However, after breaking above the neckline of an H&S, the price stalled and lacked strong continuation. Instead found a strong ceiling at 25.50 and yesterday's rally above resistance for Gold wasn't matched with a rally above 25.50 for Silver.
This consolidation above the neckline looks like distribution to me and a drop under 24.70 could accelerate losses towards 23 zone support
I will look to sell rallies and a daily close above 25.50 would negate this scenario
Silver: Slowdown Slowed Down! 😟😟😟There is a lot for the silver price to do. Overall, we expect the price to fall under $21.41, but the correction was slowed down by the bulls. As long as the price can stay below $24.94, the primary scenario is intact.
Let's see if the bears can pull the course back down!
SILVER:DOWNTREND|PRICE ACTION ANALYSIS| PRICE IS GOING DOWN... ⚡Welcome back Traders, Investors, and Community!
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SILVER : DOWNTREND | DOUBLE TOP SHORT IDEA...Welcome back Traders, Investors, and Community!
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Silver: Perfect Hit! 💯💯💯The silver price hit the target of the countermovement at $24.54 perfectly. Now, in order to also continue this perfect movement, it needs to fall. Overall, the price should approach areas below $18.82. Another increase has a probability of 35% and would need the silver price to surge past $24.94 to realize.
Happy weekend!
XAGUSD Trading Plan - 19/Oct/2021Hello Traders,
Hope you all are doing good!!
I expect silver to go Down.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Unfiltered Silver Analysis for Pure Pragmatists 🎨🥈📉Please leave your feelings at the door.
We are here to art charts and live large.
Silver is in an objectively observable Bear.
Zero yielding rocks, down. Tech with utility, up.
Raw Truth
TVC:SILVER
AMEX:PSLV
FX_IDC:XAGUSD
COMEX:SI1!
AMEX:SLV
SILVER 4HSILVER
4 HOUR TIME FRAME
NEUTRAL MOVEMENT + SHORT POSITION
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If you have any opinions or questions please feel free to leave a comment below or send me a direct message.
SolarFX
Divergence signals and selling opportunities with XAGUSDH1 time frame.
Structure: downtrend.
A divergence signal and double top pattern appeared with XAGUSD.
Wait for the price to break the Key level at 22.210 and have a confirmed retest move, then you can look for selling opportunities.
The profit target is the zone of 21.400.
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Wish you all have a good trading day!
Silver is heading lowerHi there,
Silver is preparing for the next move lower, we are just making a correction in smaller timeframes for the next target between 19 to 17 usd, watch price action at smaller timeframes and short at the breakdown of the bearish triangle formation. Dxy is also heading higher and preparing a breakout, which gives us confirmation of the down move on silver.
Good luck
SILVER DOWN TO 22?Silver has formed a hanging man on the H4 at a lower low after multiple rejections of a recent strong resistance zone for a possible move down to the 22.0 price area. This is supported by the overall downtrend that silver has been in.
Silver: Landing! 🪂🪂🪂The bearish trend continues for the silver price. As long as the price remains below $24.94, we expect it to decline further. In total, the silver price should fall below $20.54.
Be patient!
XAGUSD the downtrend continues in Silver 04 Oct, 2021From my daily chart, note the S/R levels (zones) at 24.00 and 22.60.
Also see:
- a downtrend that began in May.
- for the most part, price has been contained below the 20 ema.
- a break below 22.60 and price has now pulled back.
As long as we are below 24.00 on a daily close basis, my bias is to the down side. I am anticipating a continuation of the bearish trend either immediately or a rejection at the 20 ema again. The next major support comes at 18.60 region, although we could see some stalling around 22.116.
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