This area is really important for silver. there is double bottom and the channel show show us target. before that probably it will have a another correction to get power for break out.
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Silver. The chart is self-explanatory. Silver price has been climbing up the local support trend line. RSI is about to reach the overbought area. Silver price has potential to drop. It may be supported by the 0.236 Fibonacci Retracement level as well as the strong...
Silver ( XAGUSD ) is still in the sideways move since mid-2021 ,Silver is trying hard every time to penetrate the resistance levels especially the 50 EMA line Today the Silver (XAGUSD) is trying to close above the 50 EMA line for the first time in February . if the Silver ( XAGUSD ) can close above the 23.08 level it will be a buy signal and the next resistance...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Silver has had a very good start of the year, with the precious metal gaining more than 10% in only 3 weeks. From a technical perspective, the price has started to drop from an important confluence resistance given by the falling trend line and horizontal support and we can have a continuation to the downside in the next days/weeks. 23.50 is now support followed...
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Our preference: Long positions above 22.60 with targets at 22.85 & 23.00 in extension. Alternative scenario: Below 22.60 look for further downside with 22.45 & 22.32 as targets.
After making an instraday low just under 22 figure on Monday, Silver has started to recover and now is trading at 22.55. However, the rise from the low looks corrective and is overlapping and now the price is also facing 22.60-22.80 strong resistance zone. My opinion doesn't changed and I 'm still bearish Silver but at this moment I wait for more confirmations. A...
Silver - Weekly Bottom Line : Silver may continue to a new correction high before a top forms. Silver may continue rising to new highs to complete a double zigzag correction up as wave X (circled) . The pattern is visible on the daily chart, but not the 1-week chart.
After reaching 21.50 support, Silver has started to rebound and is trading now 1k pips up from this support. However, after the false break above H&S s neckline, in my opinion, XagUsd is in a downtrend and will soon resume its trajectory to the downside. The best place to sell it is just under 23 resistance, and such a trade can have a 4k pips profit if we target...
We have come so far already, but there is much more to do! In our primary scenario, we expect the course to further drop and fall under the support at $21.41. After reaching these levels, the final stage of falling below $20 can be tackled. A temporary countermovement has a probability of 25% and can only be realized with an increase over $25.88. Keep waiting!
As you can see in the chart Silver is making lower high on weekly time frame and after 3 weeks of down fall we can expect a bounce back from next week. 21.50 is very important support area, if closes below the level will attract heavy selling. Let it consolidate for 1 or 2 days then buy above recent high. We can head back to 23.50 Closing above 22.50 will...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Today I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale. After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern. As...
The time it took for silver to drop from $50 down to the consolidation phase was 770 days. I predict a similiar amount of time will be required to take the price back to old highs. The rough arc pattern tends to agree and the major and medium support lines are keeping the price in control for now. My expectation as inflation becomes uncontrollable, the silver...
As you may have noticed, I'm strongly bullish Gold&Silver and in Silver cases, I draw attention to a possible H&S a few days ago. At this moment the pattern is complete and we also can consider the neck-line broken. I expect continuation to the up-side and only Silver back under 23.50 would change my bullish outlook
Silver has closed above the long-term descending trend line that started in June 2021. But we need to wait till it breaks out above the 24.80/25 price zone for a long-term buy. 24.80/25 is identified as immediate resistance and double top price zone. Before June this year, when silver was above 28.80/25 price zone, it acted as strong support. Many times...
In my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart. As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance. This resistance can very well be the neck-line of an H&S pattern and a break here would expose...