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Silver- buy dips for a break of 26As always, Silver is showing a more clear picture than Gold... On Monday, similar to Gold, we have a false break of support, marked here with a strong reversal Pin Bar on H4. After this fake break, Silver re-entered its familiar range between 24.50 and 26. Yesterday the intraday spike on Gold also affected Silver and bulls managed to keep 25 important zone intact. At the time of writing Silver is trading at 25.90, just under important 26 resistance. I expect a pullback from this resistance and this can be a good opportunity for bulls to buy dips for a break above. This outlook is valid as long as 25 remains intact
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by Mihai_Iacob
6
Silver- Eyes on 30Just like Gold, Silver also had a good start of the year with price breaking above pennant resistance and confirming its strong bullish trend. As it was normal, 27.50 offered resistance and I believe this is just a pit stop in this uptrend Yesterday Silver confirmed 26.80 as new support and I expect an acceleration to the upside once 27.50 is cleared For this outlook to stay valid the price needs to stay above 26.50 and, as the title says, my medium-term target is 30
OANDA:XAGUSDLong
by Mihai_Iacob
3
Silver- 30usd in January?As I said before, in a bullish scenario, in my opinion, Silver has more to gain than Gold. And as we can see from the chart, XagUsd has spent the last part of December above important horizontal support from 25 and also above the descending trend line. giving us a clear bullish bias. Last days of 2020 the price of Siver consolidated and formed a pennant which also gives us reasons to be bullish and hopes for a continuation to the upside. My strategy is to buy dips around 26 and only a daily close under 25 would change my bullish outlook
OANDA:XAGUSDLong
by Mihai_Iacob
3
Silver- 28 next?As usual, Silver is more volatile than Gold, and yesterday's 500 daily range on XauUsd translated in more than 2500 pips volatility for Silver. But, also here, nothing is changed from a medium-term perspective. The drop from 27.40, although very violent, is nothing more than confirmation for 25 as strong support. At the time of writing Silver is trading stable above 26 resistance and I expect the bull run to continue towards 28. On the short term, dips should be bought and the bullish scenario remains intact as long as we don't have a daily close under 25
OANDA:XAGUSDLong
by Mihai_Iacob
1
Lost Money On Silver XAGUSD? Watch This Video To Learn Why!XAGUSD Silver has been a very profitable trade for us at the Sunday open, everything that we have detailed in our previous Silver XAGUSD analysis has unfolded to a T. As I mentioned on the video, I was going to post a link for our other social media but just noticed that it violates the house rules, so I won't post any link here. Make sure you like & follow to never miss any other tutorial or forecast. Here's the link to the previous analysis:
OANDA:XAGUSD
by nassimettaki
Silver - Continuation @ridethepig Silver Market Commentary 16.12.2020 => It was no struggle for buyers to take out the diagonal resistance. Then, what comes next is a paralysing advance. Should some sellers wish to continue holding once the initial targets are hit then we can see capitulation. This is a typical continuation flow with Fed which can be played here. The bid will advance from here and cannot be prevented in the short-term. This will now move with Gold and show bare the base of the retracement. The correct manoeuvre here consists of holding and working longs, enough to allow 26.0x (+10%) and 28.9x (+23%) above. Swing the bat and go massive when the positions starts working. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
2
Silver- Bullish also on short term (H1 outlook)A few minutes ago I made an analysis and explained why I'm bullish Silver in the long term. Looking at H1 chart we can see that XagUsd is also bullish in the short term... After the drop from 2 weeks ago and the low from Monday, Silver recovered quickly and price and up just under 24.50 zone important resistance. In this H1 chart, we can clearly see that price is pressing this resistance and it formed an ascending triangle. A break to the upside should accelerate gains towards 26 resistance. Interim resistance are 25 and 25.50 and 23.50 is strong support now Dips towards this support should be bought and also buying the break can be a good strategy
OANDA:XAGUSDLong
by Mihai_Iacob
2