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.
Silverusd
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
Silver weekly analysis As you can see in the chart Silver is making lower high on weekly time frame and after 3 weeks of down fall we can expect a bounce back from next week.
21.50 is very important support area, if closes below the level will attract heavy selling.
Let it consolidate for 1 or 2 days then buy above recent high.
We can head back to 23.50
Closing above 22.50 will confirm up move.
SILVERUSD The price crossed the Cloud Twist once again and the LS is currently validating. We will have to wait for the DLY candle to close to confirm that. If confirmation happens, I have market some potential TP levels, the WLY SSB and the WLY SSB + MLY KS (strong level).
Glossary :
WKY = Weekly
DLY = Daily
TS = Tenkan Sen
KS = Kijun Sen
LS = Lagging Span
TL = Trend Line
Kumo = Cloud, Cloud = Kumo
** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **
Another Silver Analysis - H&SIdea for silver, demonstrating the Head and Shoulders pattern that has repeated itself throughout a bull market and into the next bear market
Points in grey box are very similar also
As we have just finished forming the right shoulder, it is likely that price will decline, furthering the bear market for silver
Silver will hit $50 by Autumn 2022The time it took for silver to drop from $50 down to the consolidation phase was 770 days. I predict a similiar amount of time will be required to take the price back to old highs.
The rough arc pattern tends to agree and the major and medium support lines are keeping the price in control for now.
My expectation as inflation becomes uncontrollable, the silver price will explode next year and new highs will be made the following year.
Silver: Slowdown Slowed Down! 😟😟😟There is a lot for the silver price to do. Overall, we expect the price to fall under $21.41, but the correction was slowed down by the bulls. As long as the price can stay below $24.94, the primary scenario is intact.
Let's see if the bears can pull the course back down!
SILVER - LOOKING FOR THE LONGSilver is at support with 9th Aug.
It is also at a 1.272 reversal (Orange).
This is our first chance to go long (1st yellow bubble).
First target will be the breakout lower at 23.360
If the price action remains bearish the next support and next opportunity to go long will be at 22.00 (2nd yellow bubble).
This is a very important support. If it breaks there will be no support until 19.4 - this also happens to be a 1.272 reversal of the last major bullish swing (Pink 1.272) - from 24/09/2020 - 01/02/2021.
We get three shots at this.
Stops will be important as will the price action.
Silver: Perfect Hit! 💯💯💯The silver price hit the target of the countermovement at $24.54 perfectly. Now, in order to also continue this perfect movement, it needs to fall. Overall, the price should approach areas below $18.82. Another increase has a probability of 35% and would need the silver price to surge past $24.94 to realize.
Happy weekend!
Silver Squeeze: Buy the DipLet's be real, Joe Biden is everyone's worst nightmare. But the inflation continues. And it's rapidly getting worse under the old guy with dementia. We need to find a better balance ⚖️ Where is the Justice? Bitcoin is crushing new ATH's right now, it's really just a measuring device for inflation and based on that measurement silver and gold are being badly manipulated. This is obvious fraud. Everyone knows it. When the IRS starts coming after we the people, it's time for we the people to demand and perform an Audit on them. GameStop and AMC proved without a doubt, what all those keyboard warrior, conspiracy theorists suspected. It's time we put silver and gold at it's rightful price. Send silver to $1,000. That'll get everyone's attention. $ASM my number 1 #SilverSqueeze play. 10x potential.
Silver , We need pullback ...Hello everybody
In here we have new rally of Silver that it started days ago and in here in 4h time frame we have new powerful breakwave
The trend is upward and we need some rest and pullback to take position toward the trend ( Buy )
And we have heavy resistance in our way to go up , we can buy some silver after pullback done and wait until the Tp we shown on chart and if the price can rise more we can trail of position and we will going up
According to trend line that we shown , we expect that the price can come to touch it for support then can attack to the resistance zone , and near of the trendline with multi time frame checking and take signal we can buy and take long position
Dont forget use Stop Loss and money management
Good Luck
Abtin
Silver is heading lowerHi there,
Silver is preparing for the next move lower, we are just making a correction in smaller timeframes for the next target between 19 to 17 usd, watch price action at smaller timeframes and short at the breakdown of the bearish triangle formation. Dxy is also heading higher and preparing a breakout, which gives us confirmation of the down move on silver.
Good luck