I feel we may see some correction up again, as the BB% is low and other indicators are little over extended as well. Strategy I feel BUY @ 23.40-23.60 and take profit @ 24.65. The stop-loss place below 22.75 for now.
We have declined from the ABORT level above $ 26 and now we seek buying strategy again. The Ichimoku looks supportive around $ 24.50 so we use this as a stop-loss level but let's adjust it to $ 24.35 for now. Buying at current @ 25.00-25.10 and profit order again above $26.
The idea is working out so far and pattern suggest a higher lift in the near term. Buy strategy remains 24.30-24.70 for a move towards $ 30.00.Stop-loss below 22 for now.
Good time to buy Silver either CMP or a little downfall and then buy with good risk & reward ratio
No change in view. The pattern is developing well and we are remaining above cloud. The stochastic is positive as well. We should be buying silver between $ 24.20-24.70 for a move towards 30.00. This is a medium-term strategy and requires deeper pockets. The stop loss should be placed below 21.75.
From a medium-term perspective, we may see a large rally up in the medium-term. Looking at the weekly chart, one can't help to notice a likely W-shape, this suggest (when breaking though neck line), a large rally will develop. Of course, we are on right side of the pattern, and it's kind of fighting which way to go. For now, BUY @ 24.20-24.70 for a move to...
No change in view. Silver looks bottoming out and as long we hold cloud support 23.70, we should have a chance to move back to 26.00 above coming weeks. The SMA strength indicator is low which means in the move down it is not expected to move sharply lower, and that recovery is likely for now. Strategy BUY @ 24.20-24.60 for a move to 25.97 for now. stop-loss...
Silver looks interesting for a LONG strategy. We are basing above the cloud, and good support $ 23.80 below, and this will be our stop-loss area. The current pattern suggest we should buy $ 24.50-24.75 and profit order near $ 26.00 for now. One might be looking at GOLDSILVER spread, which also makes sense with lower risk.
The same counts for SILVER, where the large spike up was followed by sharp fall as well. I feel this is overdone, and also the crisis should provide support to SILVER as well. Strategy BUY $ 24.20-24.30 and place stop-loss $ 23.40. the profit order can be placed at $ 26.25 for now.
Currently it feels we may see slightly lower levels before we will resume upwards. The convergence line is above the base line, and we go good cloud support $23.40. Instead of shorting, I feel we look for a level to buy, and I suggest $ 23.50-23.60 area and place stop-loss $ 22.50 for now. The profit objective (and it may take some time) is set at $ 24.87 for now.
Yesterday I ABORTED at $ 23.80-23.85 the long position and suggested BUY 23.30 again. I prefer not to by as yet, as we may see lower. BUY entry should be $ 22.50 for now with a stop-loss placed below $ 21.50. Profit $ 24.25.
Silver ( XAGUSD ) is still in the sideways move since mid-2021 ,Silver is trying hard every time to penetrate the resistance levels especially the 50 EMA line Today the Silver (XAGUSD) is trying to close above the 50 EMA line for the first time in February . if the Silver ( XAGUSD ) can close above the 23.08 level it will be a buy signal and the next resistance...
So far the entry 23.20-23.30 is fine, and we have moved above cloud support 23.40 area. the overall climb may reach near $ 27, and that's why the profit level should be $ 26.75 for now. The stop-loss $ 22.50.
We have been basing (see RED arrow), and the support at $ 21.20-21.30 is good medium term support for now. The cloud resistance is 23.41 and it feels the basing pattern will lead us toward 24.71 short-term. The weekly chart shows possibility $ 28 even. Strategy is BUY 23.00-23.30 for a move to $ 24.65 profit target at first, but likely we might keep it for higher...
SILVER looks a clear buy and i is possible to expect > 25 in the medium-term. Buy current 22.80-22.90 and keep stop-loss below 22.30 (to be save). Profit level $ 24.75.
Silver starts looking a BUY. We have double bottom and support 21.62/oz. and also a positive MACD suggesting we may see a test of 23.50-24.00/oz in the short term. Buy 22.15-22.30/oz and place stop below $ 21.55 for now.
TIME FRAME 15minute triangle breakout UPTREND COMING
Silver sept fut at breakout area.If it cross 64010 then silver will fly.All levels mentioned in chart.