Silver is trading inside a Channel Up pattern following the March 10th Low and the neutral 4H technicals (RSI = 48.188, MACD = 0.000, ADX = 33.202) indicate a short term buy opportunity. However, and despite the fact that the price hit the bottom of the Channel and is rebounding, it remains under the 4H MA50 for the past 24 hours and it requires the MACD to make a...
We had a blast with our buy signal on Silver (XAGUSD) in late February as we caught the exact bottom on the oversold 1D RSI:
Now the tide is turning as the STOCH RSI on the 1W time-frame is vastly overbought and is waving the first sell signal after more than 3 months. This doesn't mean that the price can't extend slightly its rise, but this is an optimal...
Rounding Bottom has formed on Silver and the price has just broken strongly out of the resistance (neckline).
The indicators are also showing good upside momentum.
7>21>200
RSI>50
Target 28.70
Silver is at a critical point as it is approaching Resistance (1) at 24.600 that is holding for the past 3 months.
The MA50 (1d) is flattened and is inside the Pivot Zone.
Trading Plan:
1. Sell as long as the price is closing under Resistance (1).
2. Buy if the price closes (as 1d candle) over Resistance (1).
Targets:
1. 22.250 (Pivot Zone).
2. 26.000 (under...
XAGUSD/ Silver is on a 2 week rise after rebounding on the Rising Support.
The price is now approaching the Falling Resistance that started on February 1st 2021.
We expect a correction back to the Rising Support and bottom of the Pivot Zone.
Target 21.000.
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Head and Shoulders officially formed on Daily.
The previous analysis, we were waiting for the pattern to form a Right Shoulder.
Now with the price breaking below the RS, almost confirms the trade entry.
21>7
Price <200 - Bearish (Red back)
RSI<30 - Bearish
Target $16.30
Since early last year, we have been following a certain buy low/ sell high approach on Silver (XAGUSD) after we identified that it has been trading inside a 2-year Channel Down:
We most recently turned bearish again on precisely the right time on our previous January 31 sell call:
Right now however, with the price having broken on Friday below the 1D...
Head and Shoulders formed on the daily of Silver.
The price could next head on up to trap the bulls before the downside (forming a Right shoulder).
21>7 MA
Price <200 - Bearish (Red back)
RSI<30 - Bearish
Target $16.30
ABOUT Silver and why the price could drop
Silver is a precious metal that has been used for coins, jewelry, and decorative purposes for...
Silver is completely bearish on the 1D time-frame (RSI = 30.745, MACD = -0.501, ADX = 35.018) with the RSI almost oversold. The long term pattern since early 2021 is a Channel Down and the last time inside this pattern the 1D RSI hit 30.000 was on September 1st 2022, which was a market bottom and Lower Low on the Channe Down.
In order to help us get a better...
Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 ( orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension .
As you see, we've charted Silver's pattern since February 01 2021, which is a Channel...
In this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunity and price objectives to target
Title: Silver Futures (SI1!), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 24.775
Pivot: 706.50
Support: 23.140
Preferred case: Looking at the H4 chart, my overall bias for SI1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to...
Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension.
As you see, we've charted Silver's pattern since February 01 2021, which is a Channel...
Silver (XAGUSD) has been trading since September exactly like we wanted it to, as we have been tracking its long-term Channel Down pattern correctly:
Our 1D MA200 (orange trend-line) target has been hit, with the price also marginally breaking above the top (Lower Highs trend-line) of the Channel Down (Fibonacci level 1.0). That doesn't call for a bullish...
This is a long term outlook on Silver/ XAGUSD and its weekly chart. There is a pending Death Cross on the 1W time frame (blue MA50 to cross below the orange MA200). The 1W RSI pattern points towards the 1979 - 1989 Cycle where its 2nd Death Cross started a new multi year collapse that made a new market low.
This can be avoided only if the metal breaks above its...
Silver has formed a Triple Bottom and is above the 200MA.
These are all bullish signals for a trend reversal and is likely to shoot up.
First target is around $24.02
