Silver is currently testing the nearest support level at $27.50. Yesterday, silver made an attempt to settle below this level but failed to develop sufficient downside momentum. If silver settles below the support at $27.50, it will head towards the next support at the 20 EMA at $27.10. A move below the 20 EMA will open the way to the test of the support at...
I'm expecting a bullish movement after it broke that resistance and retested.
📊BUY XAGUSD 27.53 ⚖️RR 1:2 📌SL 27.00 ✅TP 27.80 ✅TP 28.59
Today, the turning date for silver (XAG/USD) is in focus. With the weakness that already began yesterday, a loss phase lasting until the beginning of the new week - at the same time of the new month - is indicated for the silver price. Great sell-offs should not be expected here, however. Because already to 2. March a already new turning point points itself. This...
As said before and I will say it again, in the past months, Silver's trend and evolution clearer than Gold's And as you can see from the posted chart, after reaching 22 on Thanksgiving week (1765 correspondent in Gold), Silver has had a clear uptrend. More, last week's fall in Gold to 1760 has a 26.50 correspondent in Silver, being far from a drop and just a...
Silver is in a super bull market. It is about to finish the first wave of the bull market and is expected to reach about 31$ Then there was a big correction.
Price is facing bearish pressure from our pivot, in line with the horizontal overlap resistance and 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a further drop below this level to our first support target. Failure to hold below the pivot level could see prices swing towards our first resistance target at 28.3300. Pivot:...
Silver is in an upward move, compressed with the upper value from this year. We will have a breakout to the upside, or a collapse down to $11 minimum.
Possible breakout, or we go back into the horizontal
Silver is in an uptrend, there will be pullbacks we can buy into. Set stop losses accordingly.
The daily line of USDJPY is very similar to the 2H line of xauxag. According to the linear regression extension, silver will rise to about 28.48.