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Silvertrading

SILVER, Ascending-Wedge COMPLETED, Determinations and Targets!Hello There! Welcome to my new analysis about SILVER on several timeframe perspectives. As I pointed out in my previous ideas SILVER is in a more bearish condition with the bonds market being up as well as the DXY being up. These factors already point to a more bearish global term perspective for SILVER. Now a major consideration is the local term as well as there can be a major turning within the local term also and as I recently detected SILVER now completed a major formation as well as several other signs of an substantial reversal to setup and elevate important dynamics that should not be underestimated. Currently there is a massive volatility move to be considered within the upcoming dynamics. As when looking at my chart, SILVER recently showed up with this determining bearish momentum, this momentum broke out below the lower boundary of the ascending triangle-formation and printed an determining bearish spike towards the downside from where SILVER is now approaching the initial target-zones and is likely to continue with the bearish continuations as there are still several resistances within the area especially determined by the descending-resistance-line. The fact that SILVER now completed the major ascending-wedge-formation and already increased the bearish momentum activated the target-zones at 23.65, 23.25, and 22.85 as they are marked in my chart. Currently the DXY is setting up a major breakout into higher spheres as I mentioned in recent ideas, this means that such a breakout within the DXY is validating the bearish cause for SILVER. Also net short-positions held by institutionals increased further within the recent times which is also supporting a major drop in the price-action. Within the whole dynamics SILVER now continued with the origins of the ABC-wave-count with the wave A already completed as SILVER broke out below the lower boundary, the wave B is likely to pullback off the upper resistance if they are reached otherwise the wave B could also have a contracted amplitude. Once the target have been reached further considerations about the price-action need to be made and therefore we are putting SILVER on the watchlist for the upcoming price-action considerations. On the global term there is still a major formational structure developing which could point to an even larger breakout dynamic and volatility momentum once it has been validated. Thank you for watching my analysis. Support from your side is greatly appreciated. VP
TVC:SILVER
by VincePrince
5
SILVER FUTURES, Pullback-Developments, BEARISH Indication!Hello There! Welcome to my new analysis about SILVER FUTURES on several timeframe perspectives. The SILVER FUTURES recently showed up with important pullbacks which moved on to test further remaining levels within the whole structure. From a market perspective the bonds market recently showed massive strength with T-bills emerging to form several higher highs and a continued upside movement. This upside movement is also given within the DXY, U.S.-Dollar Currency Index as the DXY continued to form strong movements to the upside putting pressure on the SILVER FUTURES asset. Within the chart SILVER FUTURES are forming this gigantic bear-flag-formation in which the price action is now testing the lower boundary a next consecutive time, as the boundary has been tested already over four times this increases the possibility for massive bearish pressure to show up once the price action actually formed a breakout below the lower boundary. Within this whole structure as the price action formed several consecutive lower highs and several lower lows a major pullback and continuation with an increase of bearish momentum and bearish pressure to the downside is not uncommon. With these terms in the perspective there are several important analysis factors to consider within the next times. Especially an further increase within the bonds, t-bills and the DXY will support the bearish scenario for Silver and then it will be necessary to determine the actual momentum setting up. Once the SILVER FUTURES completed the major gigantic bear-flag-formation the target-zones will be firstly within the 20.5 area, after that the 18.5 area, and when the price action reaches such a momentum that a reversal in this area is not possible in any case the next important determining target-zone will be within the 15.5 area. We keep an eye on the dynamics. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
COMEX:SI1!
by VincePrince
4
XAGUSD: Approaching the 1D Support. Buy opportunity.Silver is on a strong decline after the August 30th rejection on the LH trendline. The price is naturally on a bearish 1D time-frame technically (RSI = 39.492, MACD = -0.033, ADX = 26.676) but an RSI reading below 35.000 has been a buy opportunity since the end of May. Ideally the buy entry would be as close to S1 (22.235) as possible. We will buy and target the LH trendline again (TP = 24.500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSDLong
by InvestingScope
1
XAGUSD Is entering the long term buy zone. Excellent opportunitySilver crossed today under the 1D MA200 for the first time since March 13th with the 1D technicals approaching a critical oversold level (RSI = 33.922, MACD = -0.337, ADX = 28.236). This confirms that the range from the 1D MA200 to the HL trendline is the Buy Zone of the long term Megaphone pattern. We are starting a long term series of buys today. If you seek confirmation, you may wait until the LH trendline breaks, as it did on the March 13th breakout. Typically those are executed on strong green 1D candles. Our medium term Target is the R1 (TP1 = 24.500) and long term the R2 (TP2 = 26.130). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSD
by InvestingScope
Silver is shorted today The silver price is currently near US223.75/ounce, and it has fallen by about 1.4% during the day. If it falls below US223.75/ounce, this will open the way for a further decline in silver prices, and silver prices will continue to be expected for some time to come. The bearish trend scenario. Currently waiting for the silver price to fall below US223.70/ounce to confirm that the silver price will fall further to the next short target of US223.00/ounce. Stochastic indicators are currently showing bearish signals, and silver prices will show more bearish possibilities in the coming trading days. It should be noted that if the silver price breaks through US224.15/ounce, this will push the important resistance level of the silver price to US224.60/ounce, and then try to fall again. Today's silver price will be between the support level of USD23.50/ounce and the resistance level of USD24.30/ounce. Silver strategy: SILVER: sell @23 tp:24.3 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
TVC:SILVERShort
by UnknownUnicorn55305588
1
Silver: Let the show begin…! 🎪Ladies and Gentlemen, step right up and let the show begin! Please welcome silver, our brilliant artistic performer, in the arena that is our chart… See next: a somersault into the orange zone between $24.45 and $25.05 to finish wave iv in orange, followed by a brave downwards leap to complete wave v in orange as well as wave (a) in blue. Watch with bated breath as silver then spirals upwards again, stopped only by the mark at $25.41, where it should rebound and glide further downwards. There is a 30% chance, though, that silver could gain too much upwards momentum and thus soar above the mark at $25.41. In that case, we would expect it to reach a new high in the form of wave alt.x in magenta first before turning downwards again.
COMEX:SI1!
by MarketIntel
XAGUSD: Waiting for the MACD to give a buy signalSilver is trading inside a Channel Up pattern following the March 10th Low and the neutral 4H technicals (RSI = 48.188, MACD = 0.000, ADX = 33.202) indicate a short term buy opportunity. However, and despite the fact that the price hit the bottom of the Channel and is rebounding, it remains under the 4H MA50 for the past 24 hours and it requires the MACD to make a Bullish Cross in order to confirm the buy signal. The smaller rise it has down inside the Channel Up is +5.70% so if the MACD gives that signal we will buy and target that range (TP = 26.150). If the price crossed under the Channel, we will sell and target the S1 (TP = 23.650). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSD
by InvestingScope
2
XAGUSD Approaching the 3 month ResistanceSilver is at a critical point as it is approaching Resistance (1) at 24.600 that is holding for the past 3 months. The MA50 (1d) is flattened and is inside the Pivot Zone. Trading Plan: 1. Sell as long as the price is closing under Resistance (1). 2. Buy if the price closes (as 1d candle) over Resistance (1). Targets: 1. 22.250 (Pivot Zone). 2. 26.000 (under Resistance 2). Tips: 1. RSI (1d) crossed over the 70.00 overbought level. Every such crossing always made a pull back to the Pivot Zone. 2. Long term the price is supported on a Rising Support. Unless this breaks, the long term trend is bullish. Please like, follow and comment!!
FX_IDC:XAGUSD
by TradingBrokersView
4
SILVERHey everyone, i thought i would share my idea on silver. Silver has had 2 x ATHs in its history. Both times hit at about $50 Once in 1980 and the othjerr 2011. I think silver is well undervalued and think it could easy hit its ATH but this time will set a record new ATH. Ive kept my anylisis simple on this one, just basic support, resistance, trendlines and moving averages. So firstly the measured move from 1976 to 1980 played out from 1995 to 2011. I now have set 2 more measured moves, the big one in green and the smaller one in blue. The small measured move would take us to $50 ATH but then with a retrace its probable that it will hit new ATH. But a bit of confluence would be the 200 MA it is trading above it and the moverages averages are getting tightly squeezzed, due a move up. Another confluence would be the cup & handy thats been forming since the last ATH in 2011 its in its handle right now which looks to me is ready to break out to the upside. As i always say this is all probability, and definetly not financial advice :)
TVC:SILVERLong
by Crypto_SUP_Surfer
Understanding the Gold-Silver RatioThe gold-silver ratio is a key metric that traders use to assess the relative value of gold and silver. The ratio is calculated by dividing the price of gold by the price of silver and is used to determine whether one of these precious metals is under or overvalued. Effectively, the ratio tells you how many pieces of silver you could purchase for one piece of gold. By understanding the gold-silver ratio, traders can gain insights into the relative strengths of gold and silver and make informed trading decisions about which metal to trade and when to enter or exit positions. The gold-silver ratio has been used for centuries as a measure of the relative value of these two precious metals. Historically, the ratio has fluctuated between 47 and 80, with a higher ratio indicating that gold is relatively more expensive compared to silver, and a lower ratio indicating that silver is relatively cheaper. For example, if the gold-silver ratio increases, with gold prices rising faster than silver prices, traders might conclude that gold is overvalued, and that silver offers better value at that very moment. In contrast, if the gold-silver ratio were to decrease, this could indicate that silver is overvalued. This is not necessarily true, but it is one conclusion to draw. But, by keeping a close eye on the gold-silver ratio, traders can make decisions about which metal to buy or sell based on its relative value. The gold-silver ratio can also provide insights into broader market trends. For example, a rising ratio may indicate that investors are becoming more risk-averse and seeking the relative safety of gold. Conversely, a declining ratio may indicate that investors are becoming more optimistic about economic growth and taking on more risk.
BLACKBULL:XAUUSD
by BlackBull_Markets
2
XAGUSD: Bearish. Has more space to drop before a rebound.Silver is completely bearish on the 1D time-frame (RSI = 30.745, MACD = -0.501, ADX = 35.018) with the RSI almost oversold. The long term pattern since early 2021 is a Channel Down and the last time inside this pattern the 1D RSI hit 30.000 was on September 1st 2022, which was a market bottom and Lower Low on the Channe Down. In order to help us get a better understanding if this is a buy zone, we have identified all other times the the 1D RSI broke below 30.000. Those circles as shown on the chart, most of the times have made the price rebound instantly and hit the 1D MA50 but on two occassions, the price dipped significantly more before it rebounded. One was on April 27th 2022, which was a sequence similar to what we experience today as the price was also coming off a Lower High on this multi year Channel Down. The blue zone that supported the initial peak fall on the 1D MA200 during the June 18th 2021 oversold RSI, didn't do so in April 2022 and XAGUSD fell significantly more to almost reach the 0.786 Fibonacci level, before making the bounce to almost hit the 1D MA50. The 0.618-0.786 Fibonacci Zone (green zone) held in 2021 as well. Our long term strategy on Silver is based exactly on this. We will buy on the 4H MA200 and will target the 1D MA50 (TP = 22.500) but if the price crosses under the blue zone, we will take the loss and short to the middle of the green zone, where we'll take a short term buy again to the 1D MA50. The risk is low due to the SL placement while the reward is high. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAGUSDShort
by InvestingScope
6
Silver outperform gold during crisis Silver outperform gold during major crisis. During each crisis, Gold and Silver always performed exceptionally well compared to many other markets. In this study, we could see that during major crises, silver outperforms gold. Commodities are a good inflation hedge asset, precious metals are a good inflation and currencies hedge asset. Interestingly, prior to each of its extreme peaks, the market did provide us with clues on its first wave. For the coming extreme, the first wave has just completed its moves. There is always a fundamental story tied to its first wave, follow-by an explosive move. What could be the story this round on its first wave? Covid follow-by high inflation? CME Micro Silver Futures Minimum fluctuation 0.005 = $5 0.01 = $10 0.1 = $100 1 = $1,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com See following link for the video version.
COMEX:SI1!Long
by konhow
Silver more precious than goldSilver performed better than Gold in percentage term during each crisis. We will study into the history of Silver and Gold. And during each crisis, Gold and Silver always performed exceptionally well compare to many other markets. Content: . Its price behavioural leading to each peak Price behavioural studies provide us a fundamental reason for every price movement. Especially the significant ones. Micro Silver Futures Minimum fluctuation 0.001 = $1 0.005 = $5 0.01 = $10 0.1 = $100 1 = $1,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:SI1!Long
by konhow
1
HUGE multi-decade cup & handle pattern on Silver?I have to admit, the possibility is compelling. A 43-year pattern nearing completion and leading to a $600+ target. What do y'all think? Do you currently hold silver? Does this possibility make you more interested in holding some/more? p.s. Had to reproduce this chart because the other one was taken down by Tradingview since I posted my company info on the chart. Absolute dumbest damn rule, especially when applied against the very people who pay them so much money every year. You pay them a ton of money and then are forced to promote your business how they say, which is far from optimal. Absolutely stupid and alienating. Thankfully there are MANY other competing platforms out there that understand they are just a tool in your business, so they don't attempt to control how you use their platform to promote your business. This allows us to utilize them in the most beneficial manner possible which increases the likelihood we will remain with them.
TVC:SILVER
by Chris_Inks
3
20 REASON FOR BUY SILVER 1 Structure analysis time frame DAILY 2 target time frame :DAILY 3 Current Move :IMPULSE 4 Entry Time Frame : H4 4.1 Entry TF Structure: BULLISH 4.2 entry move : CORRECTIVE 5 Suppot resistence base :H4 FAIR VALUE GAP 6 FIB: DISCIUNTED AREA FILLED 7 candle Pattern: PANIC BOTTOM 8 Chart Pattern: LOWER HIGH 9 Volume : AVERAGE 10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS 11 Volatility measure bollinger bands: LOWER BAND FAKE BREAKOUT BULLISH 12 strength ADX: SIDWWAYS 13 Sentiment ROC: BULLISH 14 final comment : LONG 15 : decision : BUY 16 Entry: 19.178 17 Stop losel: 18.968 18 Take profit: 20.950 19 Risk to reward Ratio: 1:10 Excepted Duration : 5 DAYS
TVC:SILVERLong
by Optimum369
1
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