SILVER to the MOON --- WHY 750 $ / Oz- Why is Bitcoin the only one being talked about?
- Why is Bitcoin only analyzed in a Logarithmic Chart?
- Hasn't SILVER demonstrated for years its GREAT power?
Here we will review the strength and importance that Silver will have for the next 10 years at least.
Welcome to the Logarithmic Silver Chart
Good Luck. !
Silverusd
SILVER (XAGUSD) The Zone to Watch 🥈
Last week we spotted a confirmed breakout of a major weekly structure on Silver.
Now, as the market is recovering, I am preparing to short.
The zone from where I will look for selling opportunities is based on a confluence between fib retracement levels
and horizontal structure.
Let the price reach 21.8 - 22.2 supply area.
Then wait for a confirmation within to sell.
Your initial target will be 20.7
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My new silver idea...Based on the Fed's adamant nature on raising rates over the next two meetings, I see weakness in the silver price. But not much more.
I think the Fed pauses and possibly pivots to easing after August when the true nature of the coming recession reveals itself.
Following that I see a rapid rise in the price of silver, in a similar time frame between 2008 and 2011. However I do see silver will retaking $50/oz much quicker than it did the last time.
Then the price of silver is in no man's land and we must base our projects based on measurements of silver compared to other investments or commodities.
XAGUSD - SILVER - LOOKING FOR THE LONGWe're looking for the LONG in SILVER - XAGUSD
We have hit the 618 retracement of the previous swing ( 15.12.2021 - 08.03.2022)
We are approaching a 1.272 extension of the last minor swing (28.03.2022-08.04.2022)
There is a buying tail now except we have no real evidence of buyers yet.
We could see further decline to 707 or 786. The 786 happens to match up with the 1.618 ext. This would be a great buying area.
Keep your eye on this one...
SILVER | SHINNING RESISTANCE AHEADSILVER has bounced from its old support zone of 23.9 - 24.1, where buyers once again pushed the price higher breaking minor resistance of 24.52.
Currently price is trading above the 24.5 area and is heading towards the strong trendline resistance.
We are expecting the price to break this resistance this time and continue its upward journey towards 30 mark.
Trade your levels accordingly
XAGUSD LONG - Buy Entry - D1 ChartXAGUSD LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: XAGUSD Silver
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 26.678
Resistance @ 25.539
PP Y1 - Pivot Point Yearly @ 24.9373
Support @ 24.581
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SilverOkay not that big of a fan on precious metals however when opportunities arise, a lot can happen too. With the FED continuing to buy bonds, one must ask themselves why??? Interest on the reserve bonds will increase, rates on mortgages will increase, rates on loans will increase. Like a retail traders wet dream in coming to light, common sense everyday people will be looking for scarce assets to put their money into as rates will rise and the fear on out of control inflation being handed down to the consumer. This wedge is primed for lift off and not a moment to soon. With the EMAs on the weekly 2,9, and 30 looking like a bullish divergence could happen on all three EMAs and the RSI momentum indicator looking up some buys are coming in, more buyers than sellers, it's that easy. I would assume it will be a while til we hit those upper levels (target) but as a spot buy I think there will be money would be made even on spot.
$250 Silver ?Yeah, yeah... I know, the metals move slow. Silver has had this pattern playing out for 40 years. Many think it will be perpetually manipulated. Should this scenario play out, a 13x is possible. I realize many will dispute this. Others, as myself, believe it will (at some point) break free. I'm still of the mindset it's one of the most undervalued assets on the planet.
Silver: No Dormancy 🐻 🐻 🐻 Usually, at this time of year, bears would be snuggled up in a cozy cave or den for their annual dormancy. However, at the silver market, they are full of beans and hold onto the price fast.
After agonizing about it for a while, the silver price has finally fallen below the resistance at $23.48. Thus, we consider the downward trend we predicted affirmed. If the bears can keep the price below $23.48, we expect it to go even lower and break through the next marks at $21.94 and $21.41.
Still, there remains a 30% chance that the bulls could interfere and cause a change of direction. If they prevail and bring the price back above $23.48, they could even manage to shove it above the resistance at $25.49.
Silver is approaching short term resistanceAfter making an instraday low just under 22 figure on Monday, Silver has started to recover and now is trading at 22.55.
However, the rise from the low looks corrective and is overlapping and now the price is also facing 22.60-22.80 strong resistance zone.
My opinion doesn't changed and I 'm still bearish Silver but at this moment I wait for more confirmations.
A daily close under 22.40 would bring this needed confirmation and price can drop to 21.40-21.50 after such a daily close
Silver- Best place to sell for a 4k pips profitAfter reaching 21.50 support, Silver has started to rebound and is trading now 1k pips up from this support.
However, after the false break above H&S s neckline, in my opinion, XagUsd is in a downtrend and will soon resume its trajectory to the downside.
The best place to sell it is just under 23 resistance, and such a trade can have a 4k pips profit if we target 19 support