The time it took for silver to drop from $50 down to the consolidation phase was 770 days. I predict a similiar amount of time will be required to take the price back to old highs.
The rough arc pattern tends to agree and the major and medium support lines are keeping the price in control for now.
My expectation as inflation becomes uncontrollable, the silver...
Last time I saw silver this low I bought A LOT.
Silver has been doing exactly as it should be doing and it only took gold becoming a tier one asset. 23 as of right now with material sector of S&P looking great both short and long term and miners not being too affected by inflation.
Shortages of metals are still there however and it looks like the premiums are here...
On the 4 Hourly we are seeing a massive Inverse Head and Shoulders pattern.
I believe that the inflation data by the FED minutes, is going to send Silver to breakout from the downtrend it has been on for some time.
Stay tuned for long-targets, as we see this breakout accour.
Fundamentals:
Mine production from primary silver companies also fell last...
Silver price is $23 For today. Inflation rate is too high in global economy, technical analysis also gives bullish signals on Gold and Silver charts. S/L is under $20 T/P $40. Good luck!
As you can see in the chart Silver is making lower high on weekly time frame and after 3 weeks of down fall we can expect a bounce back from next week.
21.50 is very important support area, if closes below the level will attract heavy selling.
Let it consolidate for 1 or 2 days then buy above recent high.
We can head back to 23.50
Closing above 22.50 will...
Hey guys, Silver looks to be bottoming out at this $22-22.3 range with a lot of wicks showing strong buying pressure. We have a previous support line there and a Fib retracement line there acting as strong support with a consolidation flag on the 1 hour time frame shown below developing a reversal trade setup. With the RSI showing buyers momentum increasing I...
Silver is in this bullish channel, its price has positively tested the support giving a high probability of a new wave up towards at least the 26 zone if the bottom of the channel remains solid.
look for a retest of B leg, if support holds and remain strong. I see a potential cup and handle forming off the D leg which will lead to a breakout and retest of B leg
Idea for silver, demonstrating the Head and Shoulders pattern that has repeated itself throughout a bull market and into the next bear market
Points in grey box are very similar also
As we have just finished forming the right shoulder, it is likely that price will decline, furthering the bear market for silver
Labelled A,B,C corresponding to the three rejection points
It is truly an amazing point comparison of rejection points, the best ive seen
Another point in the green oval can be seen also
Today I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale.
After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern.
As...
Silver is making a inverse head and shoulder on the daily chart and currently 200 Dma is a acting as resistance. If it sustains above the 200 DMA then we can have a breakthrough above the neckline for further bullish momentum.
As it clearly seems,in short term AGXUSD emerged a head and shoulders pattern, so it would be a good bullish position by considering 22.5$ as LP an 28$ as TP. Also it has high potential to raise until 50$ if it breaks the channel and makes a flag pattern.
As you may have noticed, I'm strongly bullish Gold&Silver and in Silver cases, I draw attention to a possible H&S a few days ago.
At this moment the pattern is complete and we also can consider the neck-line broken.
I expect continuation to the up-side and only Silver back under 23.50 would change my bullish outlook
It is increasingly looking good for the First Majestic stock, as the price is further moving away from its support at $12.56. Below that mark, we would experience a decline under $10. However, we trust the bulls here to make significant advances and push the price above $33.
Silver is the new gold!
Silver has closed above the long-term descending trend line that started in June 2021. But we need to wait till it breaks out above the 24.80/25 price zone for a long-term buy.
24.80/25 is identified as immediate resistance and double top price zone. Before June this year, when silver was above 28.80/25 price zone, it acted as strong support. Many times...
In my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart.
As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance.
This resistance can very well be the neck-line of an H&S pattern and a break here would expose...
