Silver: Daily Fibs and Indicators: Silver has a bull fib objective that takes it to 28.86, a massive move. It held it's 61.8% line in October 23 and was on it's way until December 23 when it stopped at the high of it's daily range. We traded down early in the year, only to test that high again htis past week. And, we are selling off of it again. We can't trust...
The markets are really all about finding patterns and taking advantage of such forcefully. With Silver, the commercial producers and bullion banks tend to exert the most amount of market influence upon its price. The reason is that Silver is primarily an industrial metal sensitive to economic demands and also due to the fact that unlike gold, it is primarily mined...
bitcoin and gold were flying and now silver also flying price is overbought and it has made rising wedge chart patten
If the candle (1 day) closes below the last one, I believe it will go down. Hit me up if you agree with me
Described everything in the idea about gold and snp500, check it out
Silver is now back in pre-March swing territory, the 21.5 to 25.3 area, which means bears can continue if a rebound occurs and pressure closes. As long as it does not break through 25.3, it will still be under the control of the bears. Of course, the current rebound to around 23.1 is also an opportunity to go short. As shown in the figure, the detailed strategy...
Hi Traders! There is a potential breakout on SILVER as it tries again to break the long-term support level. Here are the details: Looking at the price action, it looks bearish; the market swings are lower with lower highs and lower lows. The market has broken and closed under the 20 EMA, and this is the third time around the 21.885 support level. The plan is...
Silver: 44-Year Cup and Handle Formation Points to Bullish Continuation Silver, a timeless asset with a rich history, is capturing the attention of investors as it forms a 44-year cup and handle pattern, signaling potential bullish continuation. The current compression of the handle, coupled with a bullish pennant setup, suggests that a breakout could herald the...
The 4 hourly Silver chart is showing initial signs of a potential inverse head and shoulders pattern. With confirmation of this pattern, I will be looking for a long position at 22.50. My target will be a long position towards the 23.50 resistance and supply zone.
SILVER New forecast The price of silver continued to decline, breaking the 23.00 level and closing the daily candle below it, confirming the resumption of the downward path in the immediate term, opening the way to head towards 22.60 and 22.23 as the next main target. Therefore the downward scenario will be remain valid and effective during coming period ,The...
It is possible that the Silver RSI trend line may be retested, indicating a decrease in momentum from buyers. Consequently, there might be a continuous downtrend leading to a price point of $22. It is advisable to prepare for this ongoing downtrend. Sellers can still take advantage of the fresh bear trend on the hourly chart, providing opportunities for short...
SILVER New forecast The silver price faced negative pressure yesterday to break the 23.73 level and settle below it. Therefore, breaking the 23.50 level will have a negative impact and push the price to decline towards 23.00 and 22.60 levels directly. Therefore the downward scenario will be remain valid and effective during coming period , supported by the...
Following my recent sell analysis on Gold. Silver is also a short from here. Silver 6 weekly chart: Shows resistance and the bearish trend is strong. Target 1: $22 Target 2: $18 The bear trend is the same with gold. The current trend is pointing downwards. You need to devise a plan to execute your trade accordingly.
Silver dont momentum to breake tight channel and has chance to touch lower band of his channel. Trade safe. Good luck.
Dear Traders, OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly. We will have to keep close eye on the...
SILVER New forecast The price of silver declined and achieved a strong break of the 23.50 level to reach the 23.00 level directly, and we notice that the price is pressuring this level to provide signs of a trend towards achieving further expected decline during the coming period, targeting the 22.60 and extend to 22.21 and 22.00 areas as the next main...
Hello everyone, Silver 6H NEW FORECAST Silver price made an attempt to break the 23.70 level, but it consolidated above it, which makes us likely to head to build a bullish wave that mainly targets visiting the 24.60 areas, supported by the positivity of the Stochastic indicator that appears on the four-hour time frame. Therefore, an upward bias will be...