A breakout and price close above 16.202 is bullish for Silver….bullish price swing should last for weeks to months.
The Daily timeframe is examined in today’s XAGUSD analysis with coverage from price peak of 21.00 on July 1, 2016 to current date. The major trend in Silver ever since its peak of 21.00 is bearish. The chart pattern that is of consideration in this...
As shown in the chart, i believe silver is on its C leg, could extend further into the blue area or just go up from here. My TP & Sell zones are only a rough idea of where i think market will touch before it goes back down again.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
It seems like Silver broke down from a triangle recently and is trading withing the pitchfork. As you can every attempt to break out of the fork has been rejected. You can also see it got shorted at the 61.8 level meaning someone is setting lower targets where I am proposing the end of an ABC correction.
What are your thoughts on this?
XAUUSD, GOLD long increased 6k by last week. long% increase 1% while short% decreased 1%. professionals open long in small number while closed short in large number. $index no change in short and long in this week.
Silver is a very important commodity, in fact it is even more useful that Gold. As only about 10% of produced Gold is used in various manufacturing, rest 90% goes for jewelry and just as safe haven, where Silver's 50% goes for manufacturing as an example your touch-screens, solar energy and medical sectors... But I'm not here to predict future of humanity :)
Key...
Having a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market.
Buy Stops -15.050(buying pressure)
Sell Stops- 14.450(selling pressure)
Our Active position
ASSET--Silver
Sell Limit Price: 14.700
Take Profit:...
Welcome Back!
Today I wanted to take a look at silver to find the next area of accumulation.
Taking a look at the monthly, silver has been retracing for the last 5 years and it doesnt look like its quite done yet.
Prices recently broke out of a descending traingle, indicating further bearish continuation.
However, 3 waves are often short lived so the best thing...
No long explanation here, just thought i'd do a quick share on markets I am watching to get in on for the long haul. If you read most of my charts in the past 3 weeks, you should know how I trade. Feel free to use this as your guideline.
This is long-term trade so atleast a year upwards before you look into collecting your winnings. I don't really suggest where...
The major monetary metal in history is silver, not gold
For most of mankind throughout most of history, silver has been the much more important monetary metal, familiar as the metal of daily commerce. Gold was used only for very, very large payments, which most people make only rarely, if ever.
Both silver and gold are monetary metals, i.e., they both benefit...
Silver has been moving sideways for a while now. I expect to see it breaking out from the triangle that I shown on the chart. Short term resistance level is at $20 range. Its biggest resistance is at $50 which is its ATH.
I will keep my eye on this trade since I expect silver to rise significantly.
This is not a trading advice and I am not responsible for any...
At the time of writing this article/idea our full net short position in gold and silver is well justified from the measurement of risk and reward,last friday session was exciting enough to let our boredom breaks as precious metals sector was almost dead for past couple of days but as expected volatility wasn't big as many investors wanted it to be but really the...
Silver is getting ready to break out of the pattern. I am bullish on COMMODITIES GOLD,SILVER etc. with all these QE and crazy money supply inflation would be inevitable to occur in next few years. Liquidity will be taken out from the market with int.rates and we are entering in the late phase of the economic cycle. Expecting to see huge rally in the price of Gold,...
THE ICHIMOKU PROJECTS STRONG LEVELS OF SUPPORT AND RESISTANCE THAT ALLOWS US TO GAUGE RISK/REWARD. BY USING MULTIPLE TIME-FRAMES TO DETECT THE SHORT-TERM FRACTALS WITHIN THE LONGER MORE PREVAILING TREND YOU CONFIRM A TREND BY DEFINING IT (LOWER LOWS AND LOWER HIGHS & VICE VERSA).
THE RSI GAUGES THE TIPPING POINTS OF MOMENTUM, LIKE IF A PENDULUM'S SPEED WAS GAUGED...
Silver built a perfect cup and handle in the past month and now it's primed to go up.
Gold has been the leading metal as usual and watching most USD pairs you can see they as well broke out from old resistances.
The weekly resistance for silver, which i'll show in the updates, should break once the cup and handle plays out. This will send us to 21-25...
Silver is already under an undervalued asset but we can expect even further price drop due to its manipulation which will happen in 2019. The diagonal support (yellow) was already broken twice and there will be a drop to $10-11 levels. When it will touch psychological barrier of $10 we can expect rapid growth (following green curve) which will cause price increase...
Resistance levels: 17,23 + 17,67 + 17,91
Support levels: : 16,96 + 16,60 + 16,26
Retrospective view :
Since the beginning of July, silver has been in a further upward trend, which started just below the USD 14.50 mark and initially pushed the value above the USD 17.91. Silver began a strong correction in September, which found support at 16.26 USD. Starting...
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