Oil gained strong upside momentum after the release of a bullish inventory report and is trying to settle above $48.00. More importantly, oil is trying to get back to the previous upside channel. If this attempt is successful, oil will head towards the next resistance at $48.65 and will have a good chance to get to the test of the recent highs at $49.40. On the...
Today, silver made an attempt to get below the support at $25.00 but quickly rebounded. Currently, is trying to settle above the nearest resistance level at $25.55. If this attempt is successful, silver will get to the test of the resistance at $25.85. A move above this level will push silver towards the resistance at $26.30. On the support side, a move below...
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Silver is testing the nearest support level at $25.85. if this test is successful, silver will head towards the next support level at $25.55. RSI is in the moderate territory so there is plenty of room to gain additional downside momentum in case the right catalysts emerge. If silver settles below $25.55, it will move towards the next support at $25.30. A move...
Silver had a very volatile trading session today. It tested the support at $25.00 and got close to the resistance at $27.50. Levels inside this range were mostly ignored but they will be back in play once the situation calms down a bit. The nearest support level for silver is located at $25.85. If silver declines below this level, it will get to the test of the...
Silver did not manage to settle above $26.00 and pulled back. RSI is in the moderate territory so there is plenty of room to gain additional upside momentum. The nearest material resistance level for silver is still located at $26.30. If silver gets above this level, it will continue its upside move and head towards the resistance at $27.00. There are no...
Silver gained strong upside momentum and is trying to settle above the resistance at $25.85. RSI is still in the moderate territory so there is plenty of room to gain additional momentum in case the right catalysts emerge. If silver settles above the resistance at $25.85, it will head towards the next resistance level at $26.30. A move above $26.30 will open the...
Silver gained upside momentum and is trying to settle above the major resistance level at the 50 EMA at $24.15. RSI is in the moderate territory so there is plenty of room to gain upside momentum. The next resistance level for silver is located at $24.60. In case silver settles above $24.60, it will head towards the resistance at $25.00. A successful test of the...
In recent trading sessions, silver made two attempts to settle above the resistance at $24.60 but failed to develop sufficient upside momentum and pulled back. Currently, silver is testing the nearest support level at the 50 EMA at $24.15. The 50 EMA has previously served as a major obstacle on the way up for silver, and this level will likely attract plenty of...
Odds are against buyers but expecting huge reward. Support @ 22.80, see chart for the 2 support areas
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Looking for silver to drop to about $23 before seeing a bounce.
Do you have any ideas how we could catch that amazing upward movement and make tons of profit with that long trade? If yes, share them in the comments below this post. What about the current situation? The higher highs and higher lows tell us that the market is going to continue the uptrend. At the same time the price is at the local downtrend line and we have...
The Wisest option would be to hold - all the other options are too risky at the moment - but, based on Technical analysis there might be a possibility to go long as per major bullish trend only if the 23 USD support level will not be broken in the next two/three market days; vice versa, if the support will be broken, there might be an opportunity to go short
As a rule, when the value of the dollar increases relative to other currencies around the world, the price of metals tends to fall in U.S. dollar terms. It is because gold becomes more expensive in other currencies. As the price of any commodity moves higher, there tend to be fewer buyers, in other words, demand recedes. Conversely, as the value of the U.S. dollar...
Same pattern from start to finish. Welcome the biggest stagflation in US history. All the technical, Trend and numbers are repeating the same way as Japan's crash during the early 90s.
While remaining very bullish on silver seeing some short opportunities with buys in the 25.2 range, if supports fall expecting stops at 24.4 and 22.7. Not financial advice just an idea, ill be personally accumulating as much as possible where possible, long positions look bullish overall despite retrace in other sectors I feel silver is still unervalued despite...
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! The long-term bullish fundamentals for precious metals have broadly remained unchanged. You can refer to the previous analysis for the full list of both bearish & bullish fundamentals.