As a European-based investor in Silver and Gold Miners and Funds, this chart departs from the US-centric approach of USD and SP and DOW and looks at the price of Silver in Euros purchasing power of the DAX. This is my first idea so stay tuned.
Hi, this is my new update for Silver. On 9th may 2022 we broke important support level 21.60 - 22.10$ in Silver and after ranging below it for 210 days, we finally broke the resistance on December 1st. In the last couple of days we are testing it, to see if it holds as support level again or not. I expect that we are going to hold the support level, because at the...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis. The last three weeks Silver perfectly tested a quite obvious previous weekly support zone, which was now turned resistance and with this weeks candle the market finally rejected the zone towards the downside. Considering the fact that we are now testing an insanely strong...
Sold some of my silver today, and buying back in next year. Hope this helps. We have a bottom around 15.5 next year Cinco De Mayo Good Luck.
You have one of these three mindsets when confronting your truth about silver. Which one you are you? OR you are hoping for luck. and the last is, i dont have a clue. :) Good luck out there. Maybe mining or panning for silver is a better option for you.
Just 2 days , i expect silver to start milting , its now in fist target . I think new low is possible . Good Luck
Hello Traders, welcome to this free and educational technical analysis . Silver is currently testing a very strong weekly support/resistance area amd after this massive runup there is the possibility that we will see a short term correction away from the zone. On the daily timeframe you can see a beautiful distribution phase, where the market is starting to...
The silver market began the initial subwave of a new, major impulsive wave, marked as the third in a sequence. This cyclical pattern can be traced back to the year 1932, with the completion of wave one in 1968, the corrective wave two in 1971, the impulsive wave three in January 1980, the corrective wave four in 1991, and ultimately, a truncated fifth wave that...
Here is my latest structure analysis for Silver. Resistance 1: 24.27 - 24.55 area Resistance 2: 25.86 - 26.2 area Support 1: 23.1 - 23.23 area Support 2: 22.55 -22.6 area Support 3: 22.00 - 22.20 area Consider these structures for pullback/breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with...
In the silver chart on the daily timeframe, our trend following level is $23.50, but we can expect a drop to $22.10 at the daily close below this level. As long as it stays on the trend, the $25.50 target will hold.
It's important to stay informed about the market and various data reports that can affect silver prices. Here are some key data reports that traders should watch when trading silver: 1-Gold-silver ratio: The gold-silver ratio is the number of ounces of silver that are needed to purchase one ounce of gold. A high ratio indicates that silver is relatively cheaper...
in 2022, Silver hit our target price of $24 this was due to a break up and out of a Triple Bottom (3 Rounding Bottoms). Now we see a new Bullish Diamond formation on Silver. We just need to wait for breakout Target $27.00 Fundamentals: Analysts predict that gold and silver will perform well in the new year as the Federal Reserve is expected to cut interest...
$XAG - Now we wait for the NFP! Today we got NFP - exp 200k anywhere above is good number expect then silver to decline 22 handle. However if it's a miss expect silver to climb above towards 23/24 handle A break to either direction! Trade safe! Trade Journal
my idea on silver, we can start breaking this uptrend channel highs or lows , the market only knows ,wait for confirmations.
I expect a rebound from the green support line and continued growth. TP around 24.70. GG P.S. This is not financial advice of course, just my idea.
52-Week High 27.500 14 Day RSI at 80% 25.112 Pivot Point 3rd Level Resistance 24.219 23.890 3-10 Day MACD Oscillator Stalls Pivot Point 2nd Level Resistance 23.719 23.642 61.8% Retracement from the 52 Week Low Pivot Point 1st Resistance Point 23.379 High 23.220 High 1-Month High 23.220 13-Week High 23.220 Last 23.038s Last 14 Day RSI at 70%...
Hello 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...
The following developments for the silver price should be characterized by further increases until the green wave 3 is completed and forces the bulls to rest a little bit. However, a more prominent 3rd-degree-wave, namely the blue wave (iii), should be completed between $26.95 and $29.06, before pushing the course back down South. In any case, movements below...