Silvers greener pastures aheadHopefully I can look back on this and be close to the mark? Longby jnlightingtraining113
Silver, are we getting ready to moon?I noticed a possible pattern in Silver's historical chart. My third yellow line at this point is just a guesstimate. GLTA!Longby StockRenter3
Silver's Elliott Wave Suggests A Triangle is UnfoldingSilver's current Elliott wave pattern appears to be a triangle. Triangle's unfold in 5 waves and silver's triangle is near the end of the 5th wave. Prices may dip to $24.75 where a couple wave relationships exist. Silver does not have to dip and this would not be a tradeable move lower. Parallel waves in the triangle tend to have 61.8% or 78.6% distance relationships. Wave C = .786 x Wave A. Also, Wave D = .618 x wave B. Based on the general look of the structure and some geometry within the structure forming, it does appear we may be on the finishing stages of a triangle pattern. If this triangle is the pattern, then silver may dip to $24.75 though it doesn't have to. This is a bullish chart to new highs If silver runs up to new highs, this may suggest a weakening dollar which is what we've discussed on some of the forex pairs in the Elliott Wave Weekly Report. Good luck!Longby JWagnerFXTrader338
Silver: Bearish Comeback! 🧸🧸🧸The bears have returned to the silver market and are finally working on realizing our primary scenario. We expect the silver price to drop under $24.04 and stabilize there before further moves down south are going to follow. In detail, we expect the price to fall between $18.62-$13.70. Happy weekend!Shortby MarketIntel2
SILVER forecast - went into correction mode and might extend furSilver is witnessing quite a huge dip today, opened gap down below the support area, seeing further massive sell-off , this correction might extend further as i see a probability of cypher pattern on the daily chart and the support of cypher pattern also aligns with weekly support around 64810- 63000. Hence , even if we se any rally in the coming trading session , it might get consumed in another selloff. Conclusion : short term trend is definitely bearish, but intermediate and long and long term trend is still bullish, so as a investor one can wait for 65000 - 63000 levels as an investment zone.Shortby manuagarwal213
Silver lacks momentum to break higher. Time to short?Silver has not been able to break through resistance level around $28 for more than a month now, which suggests that at the moment this may be the limit and a correction to $26-27 is highly possible. In the worst case, it could even reach $22-24. Short @ $28, TP $26-24-22, SL $29.Shortby Heist_FlyZUpdated 1
silver daily.All markets took a hit yesterday after fed announced something bearish. Let's see which markets will continue lower.by emehoke1
Silver trading ideasBuy silver above 74222 and 80000+ trgt can come I see a triangle break above will give strong upmove.Longby Arindampaul71
Short Term sidewaysResistance 1 : 75,200 Resistance 2 : 73,800 Supprt 1: 69,800 Support 2 : 67,400 Market trends in sideways. Traders may buy or sell their lots near the trend line. Disclaimer : Herewith I just shares my view. Please trade with your own and comfortable ideas.by jothimageswari1
Silver SHORT, COT + seasonal bearish 5 hour and daily chart are showing sell signals, last 4 wednesdays/thursdays where also bearish. Looking forward for more sell signals...Shortby responsibletrad8r0
Silver forecast - break it or make itWe have a bit different situation in Silver. The flagging formations on the monthly chart failed more compared to Gold. In fact, in 2012 there was a clear depreciation in this market – flagging formation that broke to the downside; tight consolidation followed by the final breakdown. Certainly, it is too early to jump into this market, but in the case, we see a breakup in this market, bulls could target the 38 – 40 range. Overall a lot depends on the dynamic of key economic indicators. It’s worth noting that inflation is growing quite rapidly in China’s manufacturing sector, which many economists warn could translate to higher costs for a wide range of goods across the globe. If inflation worries spread on major markets, the precious metals sector will shine and deliver amazing returns for qualified traders.by Inna-Rosputnia1
So far so good! 👍So far so good! After reaching our (b) wave target at $28.935 the bullish fades and the outcome is a sideways movement with lows at around $27. We now expect further selloffs. The next important support level is at $24.04. Breaking below this target, we unlock further downside potential. Happy Weekend! by MarketIntel1
Commodities - Silver Diamond TopIdea for Silver: - Rising Dollar and Yields is fundamentally bearish for silver. - TP1: 19 GLHF - DPTShortby UnknownUnicorn1043646223
Silver - Si1! - EW analysis - ABC flat correction Silver - It is forming flat ABC correction after impulse cycle completed at last top. Expecting around 26.80 zone as the end of C wave, which will subdividing as impulse as shown in the chart. Shortby EWFcw0
Silver Target = $30.00The trend has resumed upward. Silver should hit 30 within the next month.Longby bigskytrader1
SILEVR GO SHORT SHORT TERM RANGE BREAKOUT ON SILEVR GO SHORT BELOW 72313 FOR THE TARGET 72013 , 71930, 71750Shortby artplayerUpdated 2