Silver USDHi everybody,
Silver has found a support on 14 usd but I believe it is weakening. Considering silver as an industrial material it may be alittle difficult to find buyers at this level.
I believe in short run it may decrease to a fibbonacci level support then it will go to 15,8 usd target in mid period
Xagusdlong
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
XAGUSD. The price of Silver has gained stability.Hi subscribers!
The price of Silver will grow because the key level has maintained
and strengthened the price at a stable level.
The price will rise up to the target.
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XAG/USD Double Bottom - Quality 4/8 - Magnitude 7/8On the 4h chart, we can see a double bottom. Magnitude is quite high, we can also see the double bottom on the 1h chart.
Check on price action before entering the trade, see if we can break the resistance and get an uptrend. Should then act as support after the breakthrough. There's a good chance that silver follows the uptrend of gold, which we've seen in the past week.
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XAGUSD. You need to wait for the right moment.Hello dear subscribers!
The price of silver continues to fall,
but as soon as it drops to the level of support,
you could buy it there.
You just need to wait for the right moment.
Target is at a key level.
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XAGUSD. Does this mean growth?Hey.
In just 4 days, the Silver price managed to fall from the resistance level to the support level.
For now, I would not recommend buying or selling silver. Because in this case it is a big risk, however,
the price will rise in the near future and will reach its target at a key level. Be careful. I wish you good luck.
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Great Buying Opportunity!We are currently bouncing right off the "golden pocket", which is defined as the zone between the .618 and .65 fib region as seen on the chart.
We are also retesting the upper side of the breakout.
I do think this is a great time to buy silver stocks, and would love to hear from all of you as to what silver miners you're looking at and what your plans are.
Good Luck My Friends!
Silver/USD bullish signsHello.
Few noticements here on weekly time frame on silver:
Double bottom (red marks)
Good, clean looking reversed head and shoulders
After breaking the 200 ema (red line) it used it as support. If you compare this to previous movement it could be possible that we see upward movement as as long as we stay on top of it.
Same happened on the 20 ema (yellow line) four weeks back. Tested it 3 times but bulls took the lead.
Also downtrend (greenline) is broken with and nice looking cross on 50 (brown) and 200 ema which both are bullishs signs
Just simple speculation ;)
If you do trades always use stop loss
-Jebu
What's happening on Silver? Let's take a look via EW.Silver breakout rally from wave ii low has been in a five-wave pattern. According to Elliot Wave theory, a three-wave pullback follows every impulse and that's what I'm expecting from XAGUSD right now.
The completion of the correction should set a stage for a significant rally in wave (iii).
See related ideas for long term Silver Elliot Wave setups I published a few weeks ago.
trapped between 18.5 - 16.5. Fight of the bears and bulls. price if silver is stuck between 18.5 and 16.5. the sellers push it up from 16.5 till 18.5. the buyers push it down from 18.5 to 16.5.
it is an interesting sideways movement where we can expect a bullish/bearish breakout. personally I am expecting some fake moves to trap
the early sellers. but knowing the uncertainty in the world, the price can make a push above the 18.50 level.