price is testing last big resistance $30 fomo buying and sentiment have reached its limit with resistance at $30 if this level don't breakout with big support news then silver may have peak, like it bottom in auugst 2022 light years ahead of fed first rate cut buy the rumor sell the news old trend of rate cut is over get ready for new trend of fiscal policy
Silver needs to consolidate, and since the dollar will fall since Japan, South Korea and USA's Yellen agreed this week on it, they need to slam silver first to blunt the ascension and to shake out paper hands.
A 70% chance that silver provides a retracement next week, as the attacks on Israel by Iran are not coming out - and the West is getting desperate (I smell a false flag if Iran doesn't bite). Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward price of precious metals. TTM squeezes normally see price bounce off...
ALL trading ideas have entry point + stop loss + take profit + Risk level. hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are...
AMEX:SLV It's that time again! #silversqueeze is trending on social media. This meme resurfaces every 2-3 years CONSISTENTLY when whomever thinks the time is right to take retail traders' money. With Gold AMEX:GLD making new highs they are trying it once again. Watch my video from 2021 and do the research on Google News yourself! Wait for the price action...
Described everything in the idea about gold and snp500, check it out
Hi Silver Looters, This is our Day Trade master plan to Heist Bearish side of Silver. my dear Looterss U can enter at the any point below my entered area, Our target is Caution Zone. We can escape in the Target area. Be patient and Be careful.
Silver: Daily Fibs and Indicators: Silver has a bull fib objective that takes it to 28.86, a massive move. It held it's 61.8% line in October 23 and was on it's way until December 23 when it stopped at the high of it's daily range. We traded down early in the year, only to test that high again htis past week. And, we are selling off of it again. We can't trust...
The markets are really all about finding patterns and taking advantage of such forcefully. With Silver, the commercial producers and bullion banks tend to exert the most amount of market influence upon its price. The reason is that Silver is primarily an industrial metal sensitive to economic demands and also due to the fact that unlike gold, it is primarily mined...
bitcoin and gold were flying and now silver also flying price is overbought and it has made rising wedge chart patten
If the candle (1 day) closes below the last one, I believe it will go down. Hit me up if you agree with me
Silver is now back in pre-March swing territory, the 21.5 to 25.3 area, which means bears can continue if a rebound occurs and pressure closes. As long as it does not break through 25.3, it will still be under the control of the bears. Of course, the current rebound to around 23.1 is also an opportunity to go short. As shown in the figure, the detailed strategy...
Hi Traders! There is a potential breakout on SILVER as it tries again to break the long-term support level. Here are the details: Looking at the price action, it looks bearish; the market swings are lower with lower highs and lower lows. The market has broken and closed under the 20 EMA, and this is the third time around the 21.885 support level. The plan is...
Silver: 44-Year Cup and Handle Formation Points to Bullish Continuation Silver, a timeless asset with a rich history, is capturing the attention of investors as it forms a 44-year cup and handle pattern, signaling potential bullish continuation. The current compression of the handle, coupled with a bullish pennant setup, suggests that a breakout could herald the...
The 4 hourly Silver chart is showing initial signs of a potential inverse head and shoulders pattern. With confirmation of this pattern, I will be looking for a long position at 22.50. My target will be a long position towards the 23.50 resistance and supply zone.
SILVER New forecast The price of silver continued to decline, breaking the 23.00 level and closing the daily candle below it, confirming the resumption of the downward path in the immediate term, opening the way to head towards 22.60 and 22.23 as the next main target. Therefore the downward scenario will be remain valid and effective during coming period ,The...
It is possible that the Silver RSI trend line may be retested, indicating a decrease in momentum from buyers. Consequently, there might be a continuous downtrend leading to a price point of $22. It is advisable to prepare for this ongoing downtrend. Sellers can still take advantage of the fresh bear trend on the hourly chart, providing opportunities for short...
Following my recent sell analysis on Gold. Silver is also a short from here. Silver 6 weekly chart: Shows resistance and the bearish trend is strong. Target 1: $22 Target 2: $18 The bear trend is the same with gold. The current trend is pointing downwards. You need to devise a plan to execute your trade accordingly.