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Silver Analysis 01.01.2023Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Editors' picks
OANDA:XAGUSD
by basictradingtv
47
Silver Analysis 06.12.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
OANDA:XAGUSD
by basictradingtv
1
XAGUSD ShortList of confluences: 1: Trendline Breakout 2: Rising Wedge Breakout 3: Bearish Market Structure LH + LL When we look at the bigger picture trend, we can see that sliver is in an overall bearish down trend. We can clearly see a trendline breakout and a rising wedge breakout in the direction of the bigger trend. This is followed by visible bearish market structure as price is creating lower highs and lower lows. These combined with an extremely strong US dollar and a 40 year high CPI data release, we are expecting silver to trend lower as the fed continues with its aggressive rate hikes.
PEPPERSTONE:XAGUSDShort
by NDOBObanks
Silver could rise from supportAfter the break above descending trend line's resistance followed by a break also above horizontal resistance, Silver made a high at 21.20 and started to drop. As I said in my previous analysis, prices under 20 should provide strong support and a new leg up could follow. At the time of writing Silver is trading exactly in this support and bulls can regain control from this point. 22 zone can be buyers' target and negation comes with a drop under 19
OANDA:XAGUSDLong
by Mihai_Iacob
Silver can rise 3000 pipsAfter the recent drop under 18, Silver corrected higher and reached 19.50-19.80 resistance given by the horizontal level and the falling trend line of a falling wedge pattern. A new drop followed, but this new attempt of breaking under 18 failed (at least so far) Considering the importance of the 18 zone support, a level that offered resistance back in 2019 and 2020, I expect a reversal to the upside from Silver and bulls can buy against the recent low with 20.60 and 21.80 in extension as targets. I will remain bullish as long as 17.80 is intact
OANDA:XAGUSDLong
by Mihai_Iacob
10
Silver breaks both the 50-day MA and the bearish trend lineWhat a day for silver ! Spot silver went up more than 5% to $19.7 per troy ounce in one of the best sessions this year, hitting the highest levels since August 18. Silver's daily price action broke through both the 50-day moving average and the 2022 bearish trend line connecting the lower highs of April and August. Momentum indicators show the daily RSI spiking above 50 and the MACD providing a bullish crossover last Friday. The latter has been a reliable bullish technical signal. The May 19 MACD bullish crossover led to a 5.7% rally until June. The July 21 MACD bullish crossover sparked a 12.1% rally to mid-August. The following key resistance levels to keep an eye on are: 20.00 (psychological), 20.8 (August highs), and 21.15 (38.2% Fibonacci of 2022 low to high). The 50-dma at 19.23 now represents the immediate support level on the downside. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
TVC:SILVER
by Capitalcom
SILVER bullish outlookSILVER managed to break through its consolidation, which formed a triangle pattern on the daily graph, and now is heading for a price increase. Both indicators, MACD and RSI, are also confirming the bullish pattern. If this pattern continues, XAGUSD will probably test its previous high around 26.10 In the opposite scenario, the price might test its previous low at 20.58 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAGUSDLong
by legacyFXofficial
2
Silver- False break of support?Since August last year, Silver is trading, more or less, in a range and, excepting, March and April's false break of resistance, the boundaries are pretty clear at 22 and 25. Last week the price has broken under 22 support, but, considering the quick reversal and retest of now resistance, this can be a false break. The confirmation comes with the price back above 22 and bulls can target 24 resistance. 23.30 is interim resistance and, as long as the recent low is in place, buy dips can be a good strategy.
OANDA:XAGUSDLong
by Mihai_Iacob
4