Technical Analysis and Outlook

SILVER / U.S. DOLLARICE

Description

⋅ Feb 6, 2021 12:02 PM

Technical Analysis and Outlook
The continuous Silver action keeps the price above Mean Sup $26.250. Silver's upside at this super bull rally is high; however, the downside low probability pullback should be to the Key Sup $24.750 - If it happens at all. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For February 1, 2021" at the usual site.

Comments

foldthemarket

⋅ Jun 29, 2021 11:37 AM

@TradingSig is this still in play? the price action shows as bearish pennant forming on the daily at the 25.8 level

foldthemarket

⋅ Mar 2, 2021 11:34 AM

@TradingSig an inside day has broken down and very likely will close below mean support, looks like 24 is on the card.

TradingSig

⋅ Mar 2, 2021 2:26 PM

@foldthemarket, There is no such as should, could, or would: enjoy the daily chart price action. Silver is rocking.

foldthemarket

⋅ Mar 4, 2021 3:25 PM

@TradingSig, ok, thankyou for the feedback.

With the price acceleration do you perform time cycle analysis? I am just looking at this to contain the draw down while its still chopping.

TradingSig

⋅ Mar 4, 2021 4:37 PM

@foldthemarket, No, price-action-time and velocity with proprietary symbols/tool to get market projections.

TradingSig

⋅ Jul 1, 2021 10:19 AM

@TradingSig, Same here as for Gold. It is continuously valid; however, the PRICE deterioration vs. TIME causes the big picture to be distorted - This could drag on for a while. Upside moves are very much possible within the given playing field for Silver and Gold.