My prediction based on volume and OBs. Nothing more, nothing less.
The silver price hit the target of the countermovement at $24.54 perfectly. Now, in order to also continue this perfect movement, it needs to fall. Overall, the price should approach areas below $18.82. Another increase has a probability of 35% and would need the silver price to surge past $24.94 to realize. Happy weekend!
In Weekly time frame price has formed a line formation, and currently siting on a support area. As a result of this important support area price structure in 4H time frame has shifted to bullish as you can see and price is creating a HH and HL. Now price is above 4H timeframe 144 EMA and also price is in bearish corrective move for retesting a previous resistance...
Silver managed to breakout of a week of sideways trading last week, ending the week high at 24.87150. However, on the weekly chart, silver has already made a new bottom, and the current rise is probably a short-term retest of the previous weekly high 24.87150 So, if there is a rejection at level 22.72450 and a breakout at 23.59300, I see a chance to short-term...
Silver has formed a hanging man on the H4 at a lower low after multiple rejections of a recent strong resistance zone for a possible move down to the 22.0 price area. This is supported by the overall downtrend that silver has been in.
As I said in my previous Silver analysis, as long as the price stays above 22.20 support, bulls hold the upper hand. At this moment, on H1 chart and smaller time frames, we can see a small pennant forming which can lead to continuation. The confirmation comes with the price above 22.65-22.70 zone and the parget can be 23.50
Silver prices XAGUSD seem to rebound after testing the lower boundary of the descending channel on the daily timeframe. Prices may hit $22.25 - $22.60 resistance levels consecutively.
It has not been a particularly good year for the First Majestic stock. However, we expect a turnaround just above the support line at $12.56. If the bulls can turn the course around there, big-time upward movements await us. If the price falls below the support line, we will see one-digit prices. Happy trading!
Yesterday I've argued that Silver can drop hard if it breaks the flag pattern. After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag. I maintain my bearish outlook and I'm...
For the silver price, the bearish scenario is continuing, and we are expecting the price to fall under $21.81. However, there is a small chance of 20% that the course comes back and increases above $26.09. Short, short!
In yesterday's comment, I said that Silver is weaker than Gold and bulls don't have power. As we can see from the H1 chart, the rise from the recent low is very anemic and is drawing a bearish flag. I expect a break down for silver and short term traders can target 21 zone for a more than 1:3 R:R
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Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Silver has been consolidating for a while, and on a verge of a breakout. Hold positional till TARGET 94000+. SL: 63540
Silver can go any side but before taking a position we should wait until it breaks any line and after that we can confirm it is bullish or bearish of course with risk management.
Silver can go any side but before taking a position we should wait until it breaks any line and after that we can confirm it is bullish or bearish of course with risk management.
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The XAGUSD price has broken out and dropped from 25.96 to 22.08 in the last couple of days near a 14% drop in price, the Market was trending in a downward channel but it...
After failing to break above 28 resistance, Silver has started to fall and is trading now exactly at 25.50 confluence resistance. A break here would put XagUsd on the run and would expose 28.