Silver is at a critical position. This is an opportunity for a controlled loss..
Did I say 'loss'? Yes - I did. If you cannot afford a reasonable stop-loss - of your choice - do not go long on Silver.
Those interested in the Gold:Silver ratio, may check out its importance in recent weeks (on the net).
Note that silver is going at roughly USD $17.04 at the...
silver reached an important resistance level
and currently, the price is attempting to break below the rising wedge formation.
I feel the unwillingness of buyers to push higher at the moment.
in case of a 4H candle close below the support of the wedge , the price will most likely drop to 17.91 / 17.76 levels
Silver is continuing to the upside, possibly to the 22.00000 mark before any longterm correction can take place.
It is still safe to buy but and SL should be placed below 17.50000
XAGUSD (Silver) Slight correction after rising. The exchange rate moves in a rising wave sequence. The analysis shows that the first fractal can be copied. You can also see that the bottom of the second fractal shifted slightly down. Blue wave rectangles indicate this wave shift. I do not expect the departure correction to be greater than that indicated by the...
hey guys,
silver is standing on a strong support level for quite a while.
It looks like finally ice breaks and bulls are attempting to break above the indecision horizontal range.
for us, it will be a perfect signal to buy the market.
so let the price close above the range and buy the market...
Theory of curves is an interesting application to trend changes. Some succeed - some don't. This is one to watch.
This is not a recommendation to trade securities. If you lose your money - sue yourself.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (17.44). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAGUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The...
Bears are to capitalised on the extreme optimism on silver and possibly drag the price down to the available support level before bulls intervenes and cause the metal to rally once more...
Silver has finally broken out of consolidation and it's showing strength just like other metals, such as gold. On this Idea I'm updating our previous idea and I'm also upgrading the previous long idea which has now touched our Take profit and could be achieved as a successful trade.
To complete the structure we need a pullback to lower prices, most likely to the...
XAGUSD is showing potential to rally more on the daily chart, however the weekly outlook looks a bit bearish. This will minimise the rise potential of the metal, but apperently silver is set for a bit more rally before weekly catch up to drag it down or sideways.
Silver Prices have been followed for centuries. Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand. Ag is the chemical symbol for silver on the periodic table of elements and its ISO currency symbol is XAG.
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