What 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...
COMEX:SI1! 👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 👉 2. Price goes BELOW the selected range. below. Short positions to activate. ⚠️ Important Notes: 1. Follow your risk management rules. 2. Timeframes: up to H4
I like to move it, move it, I like to move it, move it, I like to move it, move it, We like to move it ! You were bouncing along – admit it! Silver, at any rate, is shaking its booty to the beat, while continuing to move upwards. It should keep up the party mood and hop above the resistance at $20.84 to enter the upper turquoise zone between $20.94 and $22.42,...
Type : Bearish Momentum Resistance : 61692 Pivot: 60565 Support : 59367 Preferred Case: On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 60565 in line with the pullback resistance to the 1st support at 59367 in line with the swing low support and 61.8% fibonacci projection. Alternative...
Silver seems to prefer things a bit more complicated, and thus has made a detour back above the mark at $21.25. However, as long as it stays below the resistance at $22.56, we still expect silver to directly continue the descent below $21.25 and into the lower orange zone between $18.78 and $16.88, where the overarching downward movement should end. There is a 38%...
Type : Bullish Rise Resistance : 62338 Pivot: 61354 Support : 60446 Preferred Case: On the H1, price is moving above the ichimoku cloud and has broken out from descending trendline which supports our bullish bias that price will rise from the pivot at 61354 where the swing low support is to the 1st resistance at 62338 in line with the swing high resistance,100%...
Type : Bearish Momentum Resistance : 61225 Pivot: 60429 Support : 58199 Preferred Case: On the H1, price has broken out from the ascending channel and is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 60429 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 58199 in...
Type : Bearish Momentum Resistance : 62362 Pivot: 61483 Support : 60211 Preferred Case: On the H1, price has broken out from the ascending channel and is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 61483 in line with the overlap resistance to the 1st support at 60211 in line with the overlap support,...
Type : Bullish Rise Resistance : 62842 Pivot: 61613 Support : 60555 Preferred Case: On the H1, price is bouncing off the ichimoku support which supports our bullish bias that price will rise from the pivot at 61613 where the overlap support and 61.8% fibonacci retracement are to the 1st resistance at 62842 in line with the 61.8% fibonacci projection and swing...
Type : Bullish Rise Resistance : 63924 Pivot: 62180 Support : 60554 Preferred Case: On the H1, price is moving above the ichimoku cloud and MACD moving in a bullish momentum which supports our bullish bias that price will rise from the pivot at 62180 where the overlap support is to the 1st resistance at 63956 in line with the 78.6% fibonacci projection, 50%...
Type : Bearish Momentum Resistance : 61075 Pivot: 60809 Support : 60248 Preferred Case: On the H4, price is moving below the ichimoku cloud and moving along the descending trendline which supports bearish bias that price will drop from our pivot at 60809 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 60248 in line with...
While bears aren’t normally known to be jumpy, the bears on the silver market have just shown signs of scariness. They must have been so focused on their way downwards that they didn’t realize how close they had already come to the support at $21.98. Although they have shrunken back from this mark, we expect them to pick up courage again quickly – after all, they...
Type: Bearish dip Resistance : 25.065 Pivot: 24.8 Support : 24.230 Preferred case: Prices are consolidating in a triangle pattern. We see the potential for a dip from our Pivot at 24.8 in line with 78.6% Fibonacci Projection towards our 1st support at 24.230 in line with 61.8% Fibonacci Projection . RSI is at levels where dips previously occurred and prices are...
Prices are consolidating in a triangle pattern. We see the potential for a dip from our 1st Resistance at 25.065 in line with 127.2% Fibonacci Projection towards our 1st support at 61.8% Fibonacci Projection. RSI is at levels where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained...
Title: Silver Futures (SI1!), H4 Potential for dip! Type: Bearish dip Resistance : 25.100 Pivot: 24.680 Support : 24.040 Preferred case: Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our Pivot at 24.680 in line with 61.8% Fibonacci Projection towards our 1st support at 24.040 in line with 61.8% Fibonacci...
morning, silver has finally broke downtrend in my eyes i think it's going to rip from here, especially if dxy rejects that 10 year trendline this move might be the beginning of a massive move to the upside (to around $100) it isn't going to happen overnight, so don't expect a moonshot by tomorrow, but i think silver is a solid buy down here for a longer term hold.
There is a lot for the silver price to do. Overall, we expect the price to fall under $21.41, but the correction was slowed down by the bulls. As long as the price can stay below $24.94, the primary scenario is intact. Let's see if the bears can pull the course back down!
As you can see in the previous silver analysis which has been tagged to this new analysis we forecast the 4H time frame bullish move and also we knew that we are in higher time frame bullish trend. Now again price had a bearish corrective move in lower time frames and reached 0.61% Fibonacci ratio as well as important static support area, which gives us another...