2nd Chance Pullback - SI Bullish RSI DivergenceI'm seeing that 4 of the last 6 times that this pattern has played out over the past 4 years, at the first major pullback the RSI continues to put in a higher low.
Price then move higher.
Silvershort
Silver Bullish RSI Divergence 4H ChartI'm seeing a bullish RSI divergence coupled with a descending triangle on the 4H silver chart. I see a similar setup 5 times in the past year and each time the price went up. Am I seeing this correctly?
SILVER - XAG - Why I m BEARISH - FULL SETUPSilver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits.
There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows that interest will soon decrease if the price does not have a serious correction.
I saw the first step on Friday when it rejected the support on the Weekly chart and fell quite nicely, but I have a SELL order above which is safer and could produce a nice profit.
Silver... About to UnwindSilver and gold tend to move in tandem so this is not breaking new ground. See my post on Gold... link below
This is a monthly linear chart. Keep that in mind. The proposed move will take some time for momentum to develop.
As labeled on the chart I am expecting a 3rd wave down of "C" to commence soon. Commensurate with gold.
Price pattern is strikingly similar to the 1970's-'80s advance and unwind...
A move over $30.5 will break the short trade.
See Blue chart below for my projected target price..... 618 fib of wave A. Roughly $8.5.
Silver looks bearish on the 4 hr!A combination of silver on the brink of breaking below its tight uptrend channel and a strong textbook bearish divergence in play.
Silver/XAGUSD end of session updateSilver prices shows positive trades now in attempt to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for today, which targets testing 25.30 as a next station.
Therefore, no change to the positive scenario that depends on the price stability above 24.90, as breaking it will force the price to turn to decline and head towards 24.05 before any new positive attempt.
Silver short (NEW)We have identified a rising wedge. We expect the price to hit the previous resistance but expect it to be reject and drop-down back to the previous support levels.
We also noticed the bearish cross-over on the MACD-line and bearish divergences.
Short on the 4h timeframe -
Entry price 24.54
Exit price 23.275
Stop loss at 24.8
Risk reward ratio: 4.87
SILVER (XAGUSD): 3 Important Resistances to Watch 🪙
Silver is unstoppable.
The market keeps growing like crazy.
Here are 3 important structure resistances from where we may see a pullback.
Resistance 1: 24.28 - 24.63 area
Resistance 2: 25.82 - 26.22 area
Resistance 3: 26.7 - 26.9 area
Consider these structures for pullback / breakout trading.
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SILVER - MEGA SHORTSILVER grew forced by the lost trust in BANKS, so that precious metals rose in front of GOLD, but once the banking market calms down, a price correction follows that will bring down the price of metals.
In addition, a rising wedge has formed on the 4h chart that can be broken at any moment. So we have the possibility to make a nice profit taking into account the very small risk.
SILVER (XAGUSD) Detailed Analysis & Trading Plan 🪙
Daily/4h time frames analysis on Silver.
Price action analysis.
Key levels & candlestick analysis.
Trading recommendations.
Thoughts.
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silver dropped as predicted.as we predicted in the earlier video, silver did plummet and we booked in really nice profit. now we are trying to trade back into the range
Silver: Profit can be made by short selling in this area
Time is fair. Whether you are lazy or hardworking, time will gradually give you the answer that belongs to you. Those who cherish time will be cherished by time!
Currently, the pressure on silver is concentrated in the 21.5 area, where short selling can still be repeated. Silver has not followed the recent rise in gold prices, largely due to previous pressure. Currently, silver is more closely following the trend of commodities, similar to oil. After all, there will only be industrial demand in the later stages of economic recovery.
At present, it is still in a period of economic recession, so there is naturally no significant upward movement. However, after the stabilization of gold adjustments in the later stages, if they both rise simultaneously again, silver's rise will definitely be greater than gold's.
Furthermore, there is a possibility that the dark horse will continue to test historical highs in the future. Currently, short selling is still recommended at the 20-21 area with a stop loss at 22, and long positions can be tentatively initiated in batches near 19.5.
Head and Shoulders on Silver bearish price to target $16.30Head and Shoulders officially formed on Daily.
The previous analysis, we were waiting for the pattern to form a Right Shoulder.
Now with the price breaking below the RS, almost confirms the trade entry.
21>7
Price <200 - Bearish (Red back)
RSI<30 - Bearish
Target $16.30
Silver just gave a strong sell signal with fundamentalsHead and Shoulders formed on the daily of Silver.
The price could next head on up to trap the bulls before the downside (forming a Right shoulder).
21>7 MA
Price <200 - Bearish (Red back)
RSI<30 - Bearish
Target $16.30
ABOUT Silver and why the price could drop
Silver is a precious metal that has been used for coins, jewelry, and decorative purposes for thousands of years.
Silver is a valuable industrial metal, used in a variety of applications such as electronics, solar panels, and batteries.
The price of silver is influenced by supply and demand factors, such as the amount of silver available for sale and the level of demand from investors and industrial users.
If investors perceive that there is less inflation risk or less economic uncertainty, they may shift their investments away from precious metals like silver, which could cause the price to drop. Now that inflation is slowing easing, this is why people could be shifting their money to other markets.
The value of the US dollar, which is often inversely related to the price of silver, can impact the metal's price. If the dollar strengthens, the price of silver normally drops where investors seek other investment options.
If there is a decrease in geopolitical tensions or risks, investors may shift their investment focus away from precious metals like silver, which could cause the price to drop.
silver will be falling in the next weekthe silver XAGUSD will have to make a correction to 21.20$ and maybe to the 21.40 area as well before the continuation of the downtrend to the 20.33 area. also, there is a great probability that the market can go down without making a correction!
that's what I believe. what about you guys? what do you think? tell me your opinion. do you agree or not .??
good luck traders !!
Silver, is it time to short? Silver / 1D
Hello traders, welcome back to another market breakdown.
Silver has been trading in a down trend based on the Weekly time frame. The price had a deep pull-back. We notice the trend line has been rejected twice which suggets at least a pull-back on the bullish move.
I'll be waiting for a position higher for lower risk. First target for the bears would be 22.
Trade safe,
Trader Leo.
Silver Scalp To The DownsideSilver appears to be playing out a nice bear flag, we have a target just below and that would be 4% if it plays out. If it plays out we could eventually see further continuation down even $19 later this month. Not financial advice. DYOR.
Short Term Silver BearishSilver showing a short term bearish trend.
Spotted an short entry on the upper trendline.
target short term profit at lower trend line.
UPDATED SILVER CHARTSold some of my silver today, and buying back in next year. Hope this helps.
We have a bottom around 15.5 next year Cinco De Mayo
Good Luck.
Silver - what nextJust 2 days , i expect silver to start milting , its now in fist target .
I think new low is possible .
Good Luck
Silver update Silver looks weak and cant pass the resistance line .
Shorting from here is a steel , and good point .
Still in down trend and we can make lower low before the next pull run .
Good luck
Silver Trend is downside TodaySilver is looking on downside today and looking to touch again the 22's level. target range will be 22.80 again
XAGUSDSILVER touched top line of important correction. I think silver is looking GOLD and DOLLAR INDEX. DXY is really important for this chart, if DOLLAR takes power, SILVER can have good correction.
