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Xagusdlong

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.
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by UnknownUnicorn6402893
2
Time to buy Silver?This isn't another altcoin - it's a silver precious metal. Why have I decided to present this chart? I intend to buy physical metals in the run-up to the global financial crisis. In times of instability, investors seek refuge for their investments and precious metals are generally a safe haven. I think in the next crisis, investors will choose this asset as well. It's important to note that after the dot-com bubble, investors began to invest more and more actively in silver, and it's in the crisis of 2007-2008 that it's their protective asset that grew in price until 2011 and made + 800% and it lasted until it became clear that the stock markets had recovered and continued to grow. However, what do we see now? Silver looks like a standard altcoin, after the fall we form a triangle pattern and I think we'll reach the support, horizontal line after that we can touch the main support zone near $8 per ounce. The same chart as Bitcoin when it fell from $6000 to $3000. But there is an assumption that we've already broken the support line during the Covid-19 pandemic. During a critical stage of a crisis, when stock markets will fall, at this moment silver will also fall but recover faster than stock markets. We can see an example of a repetition of this assumption on the example of a coronavirus. We are moving towards digitalization, tokenization, and I won't be amazed if in the future some kind of currency 100% backed by gold or silver appears. Therefore, having a supplied asset, like silver, will be reasonable. Especially if we talk about financial markets where people trade derivative assets ( futures, derivatives, options, etc.) for metals, I can say it with 100% confidence that all these derivatives aren't backed by real metals, and when the time comes to boost the price of silver or gold, then these arguments will necessarily be used by metal holders, by publishing it in the media and causing demand for physical metals. For those who think they can buy silver at a 50% discount. As we see in our example, during the period of "Covid-19 Crisis" states prohibited the sale of physical gold to individuals. Most likely while this period, the price on the chart will be underestimated, but you won't be able to buy because there will be no supply. Wherefore, my advice is to diversify risks. Best regards EXCAVO
S
by EXCAVO
25
Silver to 18.50Context: Silver is currently trading within a Macro Range dated back from 2014 to now. This Range is based off monthly candles which suggest they are very wide apart. Currently, price is trading between 75% and 50% of the range. Recently, Silver breakout which seen a massive rise and is now facing some resistance at 17.50. There are 2 ways to get onboard the next rally. 50% FIB Retracement - Entry 16.1 , Stoploss 15.25 Await the retest of Daily Range High after current retracement - Entry 17.5 , Stoploss will be placed under low of current retracement Target : 18.5 How i play it? I will be putting limit orders awaiting . However, sometimes price do not retrace as much as we want so if it does , i will try to get on board as well. Levels mentioned: Dark Thick Green line - 75% and 50% of Macro Range Thick Black line - Monthly level which i believe current retracement will bounce off from
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by FX20
Silver Long - Overall Bullish AnalysisI am overall bullish on several. We saw a reversal in price in around the price of $11 and $12 and a huge breakout on Thursday/Friday has proven that a move to the upside is highly within reason. I've drawn about my support zones with the grey rectangular regions and the current price has bounced straight off the zone of interest. I've used a Fibonacci tool the help find a possible retracement for the ability to place more positions on a buy entry within the blue zone which would be the price range of $15.985 and $16.15. My targets are up to 18, 20, and by the end of this year possibly high $30. I will be sure to hold these positions with a moving stop loss if the retracement opportunity presents itself to me. If anyone has any advice on where I can find an additional entry, please be sure to share in the comment selection below. Thank you and happy trading to all.
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by africanxmamba
XAGUSD SILVER BULLISH FOR LONGRead 'em & Weep. Yellow targets are key resistance pts. --- we should hit that final green TP right around end of q2 IMHO: so end of June/Start of July expect to see XAGUSD hovering around 20-25$ range. Very BULLISH on this commodity; as I am with XAU, though Rosland Capital analysts have projected a $38-45 ($43 ATH) return with 400%+ projected TA yet to be priced in* *SOURCE: ROSLAND CAPTIAL DATA PORTFOLIO ANALYTICS ++ TD AMERITRADE PROJECTED ANALYTICS. Disclaimer Precious metals are not my forte; though commodities/currencies are my favorite form of equity. After vigorously studying portfolio analytics & data from Rosland Capital & TD Ameritrade: the aforementioned figures & projected analysis (with green TP / yellow TP representing both targets/resistance support, respectively) I am setting this as a LONG for it could be until the mid-end of next Q before we get there -- emphasis on COULD BE. Could be much sooner. Though I am firm on my bullish stance for XAGUSD & adamant it will return to its ATH by end of Q2. -@a1mtarabichi
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by UnknownUnicorn3861629