Silver close to short target, under 15 may be nextFollow up from last analysis. This looks like it wants to go lower although the first target will most likely be reached today.
Good Luck!
Silvershort
SILVER (US$ / OZ) DailyDates in the future with the highest probability for price direction reversals
Silver shortBroke the rising wedge. Any test of the wedge is an objective short. I think both Gold and Silver will pull back, but Silver much more
Good Luck
NOW ON PRE-SALE AKA BACKORDERConcerned. Had always dismissed claims that silver would not be available when the time came but tonight, I've just noticed apmex.com (a top online retailer for precious metals) has now listed many of the top selling 1 OZ SILVER BARS as PRE-SALE ONLY. AKA SOLD-OUT. Then I checked the smaller sub ounce gold coins. Same story.
Wonder what happens next?
FOREXCOM:XAGUSD TVC:SILVER TVC:GOLD OANDA:XAUUSD OANDA:XAUEUR FX_IDC:XAUCNY OANDA:XAUJPY AMEX:JNUG AMEX:JDST AMEX:GLD AMEX:GDXJ AMEX:GDX AMEX:BTG NYSE:GOLD AMEX:NGD FX_IDC:XAGUSD AMEX:SLV
SILVER Intraday BullflagSilver has formed a bullflag on the 1H chart, this will lead to fresh gains. It can be seen that the price is sitting above the immedaite trend line resistance.
SILVER short trade setup scenario!!Plan : wait for price to bounce off from resistance level or supply zone --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GWBFX
Bears are in full control of SILVER. Capitulation is coming.Ladies and gentlemen,
Today my bear-radar is on FOREX.
Supply estimation :
About 1.5 million tons of silver have been mined from the earth over the course of human history.
Is Silver a store value in case of economic crash ?
During 10 years, Silver was in a massive bullrun. The 5th wave, in EW theory, shows an over-extension of the 3rd. The over-extension is 2.618 which signals, on a monthly timeframe, a Bubble-market. Crash are generally worst in term of price and time than the precedent bubble : the last 10 years have shown the power of the bears in this volatil market. For now, Silver looks way more bearish than gold.
Technical analysis :
The price is currently consolidating at the D point of the EW's descending triangle. Volatility is normally compressed and the pattern is ready to play out. That type of triangle breakdown approximately 70% of the time. It's generally a very simple trade if you wait the confirmation of the break. On this trade we are anticipating this breakdown and shorting the current resistance.
- RSI shows hidden bearish divergence and monthly bear-market area.
- ABC needs to be completed by 1:1 extension on logscale.
Type of market : Irrational (Crash).
Type of trade : Continuation (speculation+).
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DISCLAIMER : I'm not a financial advisor. I can't be responsible of your losses. You trade at YOUR OWN risk.
Silver sell signal op [50pips]
ENTRY: 17.700+-
TP: 17.400
TP2: 17.200
SL: 17.960
Chart time frame - 1D
Time for reaching TP - 1-3D
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trapped between 18.5 - 16.5. Fight of the bears and bulls. price if silver is stuck between 18.5 and 16.5. the sellers push it up from 16.5 till 18.5. the buyers push it down from 18.5 to 16.5.
it is an interesting sideways movement where we can expect a bullish/bearish breakout. personally I am expecting some fake moves to trap
the early sellers. but knowing the uncertainty in the world, the price can make a push above the 18.50 level.
$XAGUSD $SLV #Silver repeating 2016Silver is a strange one, the chart looks like a volatility chart, ie sudden spikes up, which then slowly fade (unlike stocks which do the reverse).
The last cycle from Jun 16 to Jun 18 was a classic bearish descending triangle. Price action from summer 2019 looks remarkably similar to May 2016 onwards, we are now at Nov 2016, which means this is just the place to short for a 6.7:1 trade.
SELL 18.00 (MARKET), SL 18.50, TP 14.65, RR 6.7
Silver next Four Moves forecastLong And short silver on given levels on chart with proper money management thanks
Silver's Midterm CorrectionWe will not be surprised if silver fuels from lower levels starting from now. Target is quite down so our stop is spread and leverage is low.
Entry: 18.16
Stop: 18.65
Target: 17.13
Have a nice week! Follow for more.
short silver near 17.47/17.53 Target 17.00Short silver near 17.47/17.53 Sl above 17.60 Target 17.00 Thanks just Trade with proper money management.
SILVER SHORT TRIGGER CONFIRMEDSilver spots short-trigger confirmed
IF green box hold strong and consolidate as a triangle, close shorts
IF the red box holds, take some profit, and add shorts on all the bounces
Main Target: 9-11 usd
Short silver near 18.10/18.13 sl above 18.20 Target 17.74Short silver near 18.10/18.13 sl above 18.20 tp 17.74 Thanks
Waiting for SilverIf you like this idea, don't forget to support it clicking the Like Button!
Hi guys. This idea is a long term analysis of the Silver bullish trend (probably bullish).
My tactic for silver is to wait until the point (C) is reached and to expect for candle confirmation of bullish trend continuation.
If you are looking for a short-term trade on Elliott corrective waves, I suggest you look to the related copper idea.
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
Silver updatingIf I am staying bullish on Silver in the medium to long-term, price consolidation continues in the short-term. Hence, a return of the price to the support area at $ 16,650/17,100 is likely in the coming days.
Silver 4h short idea!XAGUSD potential short setup, price currently below 4h 50ma and has set a new lower low. Targeting the 127% fib extension. Look at my account for a big picture long trade idea
Silver Trade Price could hold support off the 55 MA
if it does I would expect it to come up
to complete a H&S Pattern this comes
in line with the 50% - 61.8% fib Level
form a rejection candle and drop
Price could turn around
at the trend line if the buyer
fades here and gives up
look for a rejection candle
and for price to fail the
55 MA
SLV SILVER SHOWING CORRECTION COMINGSLV SILVER SHOWING CORRECTION COMING.
Made a Ta on SLV and its showing correction soon.
not an investing advice.
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