As the points numbered it has some resemblance between BTC and Silver (current price: $25.70) where points 1-5 has already touched an important trendline. To see what will happen to the future price action, we will have to see what is the price reaction at the trendline. If it hovers around the top of the trendline a quite some time, go LONG when the price...
Chart Story here is.. from a Ascending broadening wedge the bears took it down.. and there was a great chance that a Bullish divergence would appear. It did... course went up and so a Descending triangle formation was there to bring the course down again. Because the price then widens a bit on the downside in a sideways move, I consider it a Right Angled...
SILVER weekly chart: The most manipulated asset in world history in my opinion and opinion of many other top economist. Take a look at the price and the RSI, we have classic Bullish Divergence right now, which is a higher low on price and higher low on the RSI...The DeMark 9 indicator is showing we may be close to the bottom as well. Price targets and support...
SILVER managed to break through its consolidation, which formed a triangle pattern on the daily graph, and now is heading for a price increase. Both indicators, MACD and RSI, are also confirming the bullish pattern. If this pattern continues, XAGUSD will probably test its previous high around 26.10 In the opposite scenario, the price might test its previous low...
Silver is clear in the bearish trend. Price action made a complex pullback and false break of the major resistance level. A false break is a great signal and opportunity for a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
My medium term bias is bearish for silver and entering a short at current levels.
Based on the Fed's adamant nature on raising rates over the next two meetings, I see weakness in the silver price. But not much more. I think the Fed pauses and possibly pivots to easing after August when the true nature of the coming recession reveals itself. Following that I see a rapid rise in the price of silver, in a similar time frame between 2008 and...
Silver is showing signs of a bull flag, with a major breakout at the start of 2024. It will bounce between 22 to 25, with wicks up and down leading up to the breakout. This is a very long term play and with the current state of the world could change at any time.
It's pullback and is really important, after complete that, SILVER will grows.
Silver is onto both sides now, pretty much in common with Gold.
Expecting silver to print a massive leg up in the coming years
Looks like my previous look on silver was wrong. Looks like it is still within a wedge and we are looking for a breakout within the next few months. After the breakout I'd fully expect to see at silver at a minimum of $50 an ounce. Personally, I'm seeing costs of goods go up higher than that currently, with the addition of increased labor rates, some raw...
Silver gonna to take 26.12 and 26.89 , another target 28.04 💥😀
BUYING XAGUSD SILVER from Here. Please DYOR, it not a financial advice
SILVER has bounced from its old support zone of 23.9 - 24.1, where buyers once again pushed the price higher breaking minor resistance of 24.52. Currently price is trading above the 24.5 area and is heading towards the strong trendline resistance. We are expecting the price to break this resistance this time and continue its upward journey towards 30...
15 / 30 / 60 degrees relationship of Jupiter / Saturn cycle on SILVER Weekly chart. Seems that it is bullish untill reaching a top around mid Jun 2023...
Structure and price action analysis on Silver. Potential buy zone explained. Trading recommendations given. ❤️Please, support this idea with like and comment!❤️
We were long from 23. Currently silver has hit the resistance around 25.50 and retracing back. We still have a buy on dip stance in shining commodity. Wait for the bullish candle on the support zone then you can enter long in this commodity. Trade your levels accordingly.