Looks Bearish As i can clearly see bears selling at top and no sign of bulls here same for gold as well short at price around 18.050 is nice price as this is very expensive now and no one like to hold this trade on long side. Good luck Muze(xag/usd)
Selver just broke resistance, and did put a new higher high now. It is making a double top, that may can be the reason for a bounce down and retest of the broken structure. Will be looking at 17,200 area to go long. Like if you agree, follow and support!
Interesting point on the chart here. Trendline on the daily and then a bit of prior support/resistance. I am long physical as a longer-term play, but here we could see a pull back. Still long term bullish even with rates rising here in the US. Think current admin WANTS a weaker dollar...whether they get it or not is anyone's guess. The US is one of the only...
Dollar is Looking Weaker, Gold & Silver Breaking Out & SPX looking Weak
Looking for a long position on Silver for inverse H&S and breakout of downward channel
Here is a setup from one of the charting methods involving trendlines/SR, according to which, TVC:SILVER CMP : 17.061 Target : 17.848 SL : 16.781
16.26 level is important resistance for SILVER. I think we can be long above this level and target the next resistance (16.70) Our stoploss level must be below 15.70 level. Good Luck!
Long silver to $25. Bull divergence on the RSI. Silver is both an industrial metal, as well as safe haven.
Silver trading around months low if hold above 15.5 we can see toward 16.5-17 Advice buy in small range 15.8-15. sl below 15.4 TP 16.5-17
As shown, Spot Silver on the daily chart is trading near crucial support at 15.85-16.00 (Horizontal support). Daily chart shows double positive divergence. Also, Dow theory sell confirmation would be only below 15.85. In a nutshell, as long as above 15.85, one should look for a reversal sign to go long with strict SL. Risk-reward looks awesome here!
Silver Trading around 16.65 if we see on daily chart its made strong support around this level and then go up. this time we expecting same its can bounce from current level or from 16.1 Toward 17.8-18 level Advice to buy in range of 16.66-16.1 SL 15.7 Tp 17.8
So many traders struggling on silver these days. So as long view go daily chart put SL and go sell ..Be patient
Silver seems to be in an Expanding ending diagonal. as an aggressive trade, I will buy some call options near the lower trend line and place a stop loss below the trend line. I will add the rest of my investment if we cross the upper trend line. target? 20.50. Good luck.
long @ 16.41
From 13.51$- Silver completed its 1st wave at 20.81$ & has been doing very choppy move since that top & most likely to complete this correction at 61.8% of 1st Green Wave in the zone 16.20-16.30 $ range -if that zone holds then most likely Silver should move sharp upside. Gold -looking for 1300+ Move in coming days Gold pushed 100$- but later as it evolved &...
Another Leg Up in Silver is Coming with The Target of $23, Buying Can be initiated around $16.5, Dollar is Showing a big selloff in monthly charts which will fuel this rally, Technically it has retraced back .61 from initial rally, and it looks like a fair level to reenter.
We are currently in a strong bull channel for silver, leading towards $20. I still believe silver will be the stronger performing PM by % over the next few months. Although we ended in the red today, the fact that there was such strong support at the $18 level is a very good sign for bulls. MACD is looking to cross here on the 1D.
This is an update to the revision of my Silver analysis a small month ago. I will try to do more frequent updates from now on. Yesterday's and today's price action leaves, in my opinion, zero doubt that we left behind a long-term market bottom. I think the large ABC correction is behind us. The market found support at the trend line that was established earlier...