It is interesting to study the Production/Accumulation/Distribution/Industrial Demand as well. Silver seems to hit a breaching point where physical prices have a premium about +45% for buying it and +20% for selling pure silver bullion coins. Troy oz./oz. is about 1.10, which should reflect a recomended trading price of 25.4$ per troy oune. Anybody able to buy at...
SILVER has trimmed it's price significantly to multi week lows. The overextended correction is a good opportunity for possible reversal prospect. KEY NOTES: Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision. Histogram higher lows. Daily Higher lows -- firm ascending support lines. TRI-MONTHLY higher lows -...
The nature of the precious metals market appears bearish with a sharp move into wave (3) down. Take heed from here until 2027. XAG/USD is how silver is labeled for spot trading on the foreign exchange market. Silver (XAG) is traded against the US dollar (USD), so its price shows how much one ounce of silver is worth in USD.
Silver is breaking out its long term consolidation and triggering a bullish reversed Head & Shoulder pattern with a target in the $42.50 area. Next resistances at the all time high near $50 then the line linking the top of the channel near $53. A break below $23.50 would invalidate this view. ________________ With gold and copper making all time highs, the...
The further I look back on the Silver chart, the more I am convinced of this scenario (though it is not guaranteed), and I see $27.70 (ish) as a strong support level. If it holds, I see ~$33 as the next movement. I go strictly by the charts. Politics and Monetary Policy could affect this scenario GREATLY. DYOR. Trade Slick.
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frame Consolidation Phase
Preferred direction: BUY Comment: The previous long trade in silver was successfully closed at take profit, but we continue to actively adhere to short-term buy priority. Current prices are perfect for this and one can safely consider purchases with a goal of at least level 31 (scenario №1). In the event of a sharp change in market sentiment, one can...
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Hey guys! Just wanted to come on here and post a potential opportunity I see on Silver for a potential short opportunity to higher timeframe demand! Let's dive in! OK so what fueled this idea for me on this commodity was the recent bearish move it made last month when it made the huge attempt to hit 30 oz for Silver and failed to do so driving prices back down...
the market broke multiple structure to the upside and possibly change direction
A lot of folks including myself have been watching the GME squeeze, but I think Silver warrants some attention as well.
Silver has been in a downtrend for about 10 years. From 2020 until now, it has made a very good price pattern that has made silver a strong uptrend and I believe it will continue. 2025 it will be high. If you are planning to buy silver or already own it, you are doing the right thing. The same goes for gold. STRONG BUY
XAGUSD - SELL It is a clean structure the market can drop from this level, keep an eye on it, we risk 1% or less and always use SL. wait for the sell setups to enter. V.Ragu
#SILVER.. it was perfect move as per our expectations, and now market near to his weekly supporting area, that is 31.10 to 31.15 around, keep close that area because it will play key role for next move to any side. dont be lazy here guys, good luck trade wisely
But I do see almost half a decade or more of sideways between 50$ and 30$ afterwards as this will be a speculative run up again with multiple assets.
the price range between $32.00 and $32.15 is a critical resistance zone where many sellers are positioned. This area also coincides with an important order block and a Quasimodo (QM) pattern. These factors suggest a strong likelihood of resistance and potential reversal at this level. Traders should watch this zone closely for signs of selling pressure and...