SILVER Weekly Technical Analysis UpdateMidterm forecast:
. While the price is above the support 16.50, resumption of uptrend is expected.
. We make sure when the resistance at 18.95 breaks.
. If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 16.50 is broken.
Technical analysis:
. While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains maximum to Major Resistance (18.95) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 67.
Silverusd
SILVER Weekly Technical Analysis UpdateMidterm forecast:
. While the price is above the support 16.50, resumption of uptrend is expected.
. We make sure when the resistance at 18.95 breaks.
. If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
. We will close our open trades, if the Midterm level 16.50 is broken.
Technical analysis:
. While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
. A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains maximum to Major Resistance (18.95) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 67.
SILVER - What's the next move? I'm looking for a SHORT!Morning TradingView fam :-)
Today I'm looking at Silver and planning my next move. It's moving in a strong upward direction, however I'm looking to take advantage of a short term pullback in the mean time.
With the approach to strong resistance, I'll be watching for reversal signs before I enter a short. As we are travelling in a big channel, these will likely be reversal candlesticks.
Potential for a short!
TRADE SPECIFICS:
ENTRY - 18.45804
TAKE PROFIT - 17.42419
STOP LOSS - 19.04570 (A bit high to clear some wicks - highlighted on chart for you)
RISK to REWARD - 2.47
If you like my ideas, please LIKE and FOLLOW me! :-)
Reminder - this is not financial advice, simply an idea. Please do your own research before entering any trades and ensure you use risk management such as stop losses.
Remember, there is only 5 outcomes when you enter a trade:
1. Break Even
2. Small Win
3. Small Loss
4. Big Win
5. Big Loss
Eliminate #5 from your future options.
Happy Hunting!
XAGUSD. Silver will grow further!Hello dear subscribers!
The price of gold and silver performed well during the crisis.
The fall was strong, however, in a short period of time,
valuable metals were able to quickly recover after a large fall.
The price of these resources will rise even at least to the level of resistance,
there is a target.
Good luck to you!
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
SILVER USD DOLLAR HORLY CHART FOR TRADE NEXT WEEKAs we seen in chart Silver trade in support resistance levels for last few days....on next week if silver sustain above 17.629 level then we go long for the target of 18.160 and 18.657 ..... If silver break its support lave of 16.504 then we go short for the target of 15.884.
Taking Profit. 15% (SILVER)Silver looks really good on the large timeframes but I will be exiting here for a nice 15% move.
The 12hr and daily look to be retracing as we fire red in a potential rising wedge.
Will try to capture a re entry on a pullback. I want to take these profits and reinvest into some other good trend reversals that I see from other options.
Will look for the next crossover on these timeframes for re entry. If we bleed out and break support we can look for a big short out of the wedge channel.
Have an awesome day! 😁
🥇 MLT | PRO TRADERS
SILVER ($SILVER): Silver Might Not Glitter like Gold, But...✨ Drop a comment asking for an update, we do NEW setups every day! ✨
Like, Comment & Follow to help the community grow 🎉🎉
---
Silver is following Gold's lead and showing us some bullish price action. With the FED money printers going, the move to precious metals is logical. Let's look for an entry to make some money off this silver uptrend.
Resource: www.wsj.com + www.cbsnews.com
---
1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe as ETH continues to show strength.
2. With this strategy, we are looking for long setups in a uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua line color) and/or bullish S/R levels plotted by Directional Bias (Aqua line color).
3. Right now we are looking for a long entry off the recently formed S1 bullish orderblock with a target of the R1 minor pivot point.
4. Our stoploss is placed below the price action at S1 to avoid any liquidity hunt. We will exit the position if our stoploss is hit or if Fractal Trend changes color.
5. Below we can see some other levels of interest to watch if S1 cannot hold.
Good luck metal heads!
Massive Green Engulfing! (SILVER)Green arrow points to where your signal was to go long on silver.
This one was analyzed around mid $14 for a buy entry on a long term move.
The 3day is a beautiful green impulse.
Now we are creating distance from the initial buy, more space = better trade.
No stress with this one as I will hold for a long term hold.
Will update this if I see any key signs for any reversal.
For now, we are solid. ✌😁🥇
SILVER - Analysis.The Historical Volatility trend is identifiable across the Dow Jones (DJI), S&P 500 Index (SPX), & other markets - Increasing as prices decline,
These markets reduced 20%* from their previous ATH in January, 2020. SILVER dropped in proportionate value to the relative high as well.
If US Markets decline a further 50-60% from current levels, the value of SILVER is likely to decline to the key area of $4.00 - $8.00;
The Fibonacci Retracement levels provide accurate support/resistance lines for purchasing assets as valuations drop correspondingly.
Keeping a close track of ALL markets is very important to identify when a bottom is reached, or nearing.
Fibonacci levels also provide insight into higher price trends upon returning to a bullish market sentiment.
Current Buy Target Aim: $7.50 and under.
Current Sell Target Aim: $110.00 and above.
Est. 13-20x Return on Investment.
XAGUSD. A key level will stop the price increase?Hi subscribers!
The price of Silver has risen very well this week,
however, having reached a key level,
the price will stop growing,
in one day the price will drop to the target.
Good luck to you.
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
SILVER - SELL IDEABefore price shoots up its going to drop again, wait for it to break consolidation and dump it to highlighted area
#SILVER - #XAGUSD is showing a good sell setup ! hello my friends traders ,
as you see the price is really weak against the 61.80 fibo and it respects this level, But pay attention once the price hits or near to hit the 100% level take your partial profits or close your trade if you don't want to be under stress or simply if you are confident you will break even and let the price do whatever it wants .
If you wanna thank me, Please support my free analysis by dropping likes, follow me and why not you can comment as well :)
IMPORTANT: If you want me to manage your account don't hesitate to contact me :)
Enjoy!
Silver may have some ways to go before it breaks out.Silver seems to be forming a bullish downward trending flag pattern, which is bullish to the upside. It will break out eventually, probably when we exit this deflationary period due to the virus and we enter the high inflationary period that follows due to intense monetary stimulus which as preceded.