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Silvershort

SILVER FALLING PATTERNHello Welcome to this analysis about SILVER , we are looking at daily timeframe perspectives. SILVER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation SILVER is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how SILVER has emerged with this key channel pattern marked in my chart with boundaries. which is an important Support and also psychological support-mark together with the lower-boundary of the channel-formation a pullback In this manner, thank you for watching my update-analysis about SILVER and its major channel-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
TVC:SILVERLong
by shanechart
Silver Price Movement Breakdown Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The XAGUSD price has broken out and dropped from 25.96 to 22.08 in the last couple of days near a 14% drop in price, the Market was trending in a downward channel but it has been broken on Aug 9 where the price dropped from 24.31 and created a long shadow Bearish candle and hit the 22.10 range. The XAG/USD has a critical support around $23.20. A break lower would expose the $23.00 area that if broken, should trigger a bearish acceleration. The market price was able to stabilize a bit after that drop and it's trending 23.55 right now. We can notice a couple of scenarios for the market price movement for the next few days. Scenario 1: The Market price is trending at 23.45, near the first support level at 23.27 the Bulls will try to gain control back but most likely they will fail and the price will drop even more and its gonna be headed near the major support area at 22.84, where the real battle between the Bulls and Bears will be. If the Bears were able to keep control then a further drop in price will happen. Scenario 2 : The market price is trending at 23.45 if the Bulls were able to get some support behind them then we could be seeing the price going up and hitting the first resistance line at 23.70, Then The Bulls will test the bears strengths at that level, if they fail and the bears took control then we will see what's happening in Scenario 1 come to life, If the bulls were able to break that resistance level then we could be seeing a small bounce back up near the 24.13 level. Technical analysis showing : 1) The Market price is below the 5 10 20 50 100 200 MA and EMA, Strong sell signal 2) The MACD below the zero line showing that the market is in a Bearish state, with a negative crossover between the MACD line and Signal line. 3) The ADX at 37.25 showing that the market is currently trending, with a negative crossover between DI+ (10.59) and DI- (41.77). Support & Resistance points : support Resistance 1) 23.275 1) 23.705 2) 23.025 2) 23.885 3) 22.845 3) 24.135 Fundamental point of view : Silver is marginally lower on Tuesday, as it remains far from the $22.10 bottom of the crash it suffered on Monday. During the American session, XAG/USD bottomed at $23.22. The metal again was able to find support around the $23.20 area and bounced to the upside. The upside in silver remains limited despite gold rising almost $10 in a few minutes. Silver is following gold with the recovery but at a slower speed. Both metals managed to recovery despite higher US yields but were supported by an improvement in risk sentiment. Volatility eased during the last hours but is set to remain at extreme levels on the coming session, even as metal stabilize. On Wednesday, inflation data from the US is due, and it will be watched closely as it could affect expectations about Fed’s monetary policy. After the sharp decline on Monday, the outlook is still bearish for silver. In the very short term, a break above $23.45 (downtrend line) should alleviate the bearish pressure, and would clear the way for a test of the daily high at $23.68. According to fxstreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
OANDA:XAGUSDShort
by GabiDahduh
SILVER forecast - went into correction mode and might extend furSilver is witnessing quite a huge dip today, opened gap down below the support area, seeing further massive sell-off , this correction might extend further as i see a probability of cypher pattern on the daily chart and the support of cypher pattern also aligns with weekly support around 64810- 63000. Hence , even if we se any rally in the coming trading session , it might get consumed in another selloff. Conclusion : short term trend is definitely bearish, but intermediate and long and long term trend is still bullish, so as a investor one can wait for 65000 - 63000 levels as an investment zone.
MCX:SILVER1!Short
by manuagarwal21
SILVERMarket makers are trapping a lot of people pretending that silver is in uptrend but actually this is part of the market cycle. As you can see after breaking the accumulation phase we got fake move to the downside which traps all low shorts and moved away from this zone. After that we shift from this zone with momentum to the upside which induce traders to take long positions. I am waiting for another stophunt to the upside before the SLV to start going in to the real direction. Follow me for more ideas.
TVC:SILVERShort
by sylvestertsochev26
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