Silver - Beautiful Support Level Hi, this is my new update for Silver. On 9th may 2022 we broke important support level 21.60 - 22.10$ in Silver and after ranging below it for 210 days, we finally broke the resistance on December 1st. In the last couple of days we are testing it, to see if it holds as support level again or not. I expect that we are going to hold the support level, because at the same time we have 100 and 200 days moving averages near the support level, we have also 50 and 200 weeks moving averages, so we are little bit to lucky :)
Another thing we're looking at is that we are in a bullish expanding triangle and at the same we are getting back the bullish momentum in monthly timeframe for the first time since 2021. We have to be cautious too, because if we break the support level, I expect we are going much lower than 20$.
Silveranalysis
Silver -> The Bounce Is InevitableHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
The last three weeks Silver perfectly tested a quite obvious previous weekly support zone, which was now turned resistance and with this weeks candle the market finally rejected the zone towards the downside.
Considering the fact that we are now testing an insanely strong weekly support zone, I do at least expect a short term short covering rally towards the upside, after Fridays harsh dump towards the downside.
From a daily perspective we are also close to retesting previous support, so I am now just waiting for a deeper retest of the support zone, before I will then enter a long position on Silver.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
SILVER -pt. 4 - Ranging finished, big move triggered?Hello traders!
In the previous posts, linked below, we outlighted two alternative scenearios for silver: either a cycle corrective move still to complete at 16 either a wave 1 in long term uptrend reusumption.
Silver was ranging near the main trendline of this last cycle correction, and has been rejected for the third time in the 24.6 big volume area (see chart).
After this last rejection, price broke the range to the downside suggesting the bearish scenario.
NO FOMO here! We will wait for retest and confirmation to evaluate a short entry.
Silver Multi-Timeframe Analysis 30.01Hello Traders,
welcome to this free and educational technical analysis .
Silver is currently testing a very strong weekly support/resistance area amd after this massive runup there is the possibility that we will see a short term correction away from the zone.
On the daily timeframe you can see a beautiful distribution phase, where the market is starting to create lower highs and lower lows, so I am now just waiting for a break of the very strong previous support zone and then a retest,
and then I will definitely enter a short to capitalize on the continuation to the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Silver outperform gold during crisis Silver outperform gold during major crisis.
During each crisis, Gold and Silver always performed exceptionally well compared to many other markets.
In this study, we could see that during major crises, silver outperforms gold.
Commodities are a good inflation hedge asset, precious metals are a good inflation and currencies hedge asset.
Interestingly, prior to each of its extreme peaks, the market did provide us with clues on its first wave.
For the coming extreme, the first wave has just completed its moves. There is always a fundamental story tied to its first wave, follow-by an explosive move. What could be the story this round on its first wave? Covid follow-by high inflation?
CME Micro Silver Futures
Minimum fluctuation
0.005 = $5
0.01 = $10
0.1 = $100
1 = $1,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
See following link for the video version.
DeGRAM | SILVER downward channelSilver is consolidating at resistance on the higher timeframes.
Price action is moving in a downward channel .
If the market fails to break through the resistance level , we can look for selling opportunities.
We anticipate a short-term pullback.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Silver has started a new, major impulsive wave 3.The silver market began the initial subwave of a new, major impulsive wave, marked as the third in a sequence. This cyclical pattern can be traced back to the year 1932, with the completion of wave one in 1968, the corrective wave two in 1971, the impulsive wave three in January 1980, the corrective wave four in 1991, and ultimately, a truncated fifth wave that reached its peak in April of 2011. This entire sequence can be considered as the first impulsive wave in an even higher degree. The second corrective wave ended in March of 2020, with support being found at the 0.236 Fibonacci level. Currently, silver is preparing for what is expected to be the most explosive and unpredictable impulsive wave three in a very long-term scale.
Resistance points include:
- $24.69 (0.382 Fibonacci extension level)
- $26.55 (0.238 Fibonacci retracement level)
- $45.29 (0.382 Fibonacci extension level)
- $49.83 (all-time high)
- $83.11 (0.618 Fibonacci; golden ratio)
Silver more precious than goldSilver performed better than Gold in percentage term during each crisis.
We will study into the history of Silver and Gold. And during each crisis, Gold and Silver always performed exceptionally well compare to many other markets.
Content:
. Its price behavioural leading to each peak
Price behavioural studies provide us a fundamental reason for every price movement. Especially the significant ones.
Micro Silver Futures
Minimum fluctuation
0.001 = $1
0.005 = $5
0.01 = $10
0.1 = $100
1 = $1,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
SILVER (XAGUSD): Key Levels to Watch 🪙
Here is my latest structure analysis for Silver.
Resistance 1: 24.27 - 24.55 area
Resistance 2: 25.86 - 26.2 area
Support 1: 23.1 - 23.23 area
Support 2: 22.55 -22.6 area
Support 3: 22.00 - 22.20 area
Consider these structures for pullback/breakout trading.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
DeGRAM | SILVER descending channel testSilver is consolidating at resistance on the 4H, but it has recently dropped below it.
Price action returned to resistance and dynamic resistance.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and a retest of the channel.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Silver price needs more positive momentum - AnalysisSilver price hovers around the EMA50, and didn’t show any strong move since yesterday, to keep our positive overview for the upcoming period, which depends on the price stability above 23.05, waiting to visit 24.20 followed by 25.00 levels as next main targets.
We should note that breaking 23.05 will stop the suggested rise and press on the price to achieve additional bearish correction.






















