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...
Silver showing a short term bearish trend. Spotted an short entry on the upper trendline. target short term profit at lower trend line.
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...
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...
Hey traders, At the end of December, Silver reached a solid weekly structure resistance. The market was nicely rejected from that. Analyzing a daily time frame, I spotted a confirmed breakout of a support line of a rising wedge pattern. It confirms the strength of the underlined zone. I expect a bearish move to 22.84 / 22.2 ❤️If you have any questions,...
I have to admit, the possibility is compelling. A 43-year pattern nearing completion and leading to a $600+ target. What do y'all think? Do you currently hold silver? Does this possibility make you more interested in holding some/more? p.s. Had to reproduce this chart because the other one was taken down by Tradingview since I posted my company info on the...
my idea on silver, we can start breaking this uptrend channel highs or lows , the market only knows ,wait for confirmations.
I do not expect this to be a popular view, given the excitement of the rally on metals in general in recent weeks. But no trend lasts forever and we’ve not really seen much of a pullback on silver prices lately. Besides, silver has risen nearly 40% since the September low and fast approaching the upper trendline from a wide (slightly bearish) channel. The tendline...
SILVER XAGUSD once above the green zone will fly and do a 4 to 5x over the upcoming years. Get in now.
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...
True analysis. Tast's an update. Based on my analysis for XAGUSD on Jul 27 & Aug 1. Observe the money management and the stop loss, to know about analysis, follow me and contact me if you have any comments or questions. (I will answer whenever I have time).
Comparing the last 50 years of the Silver chart along with the 80's market top along with the 2011 market top. We can see a clear cup and handle 42 years in the making. Price action is laid over 2 indicators The Extended Golden Ratio Multiplier The CM Ultimate MA MTF The focus of this chart is the pink fib line of the Multiplier and the green & red CM ...
Technically, silver will test strong support, as what it breached, we may see it again at 22 levels. The four golden rules of trading 1 Don't be greedy 2 Always use stop loss 3 Never add other positions to the losing positions 4 Use a suitable lot for your account ❤️Please, support our work with like & comment!❤️