For the beginning weekend, we would like to share our long-term outlook for the silver market. Here, we expect the price to fall all the way down between $18.62 - $13.70. The first major hurdle will be to leave the triangle at $25, as there is a 40% that the curve turns around there and starts the alternative breakout scenario which would bring the price up above...
Silver tested its long term up trend yesterday and bounced off of it. THese are great price levels for long term buyers
Silver is witnessing quite a huge dip today, opened gap down below the support area, seeing further massive sell-off , this correction might extend further as i see a probability of cypher pattern on the daily chart and the support of cypher pattern also aligns with weekly support around 64810- 63000. Hence , even if we se any rally in the coming trading session...
XAG/USD on H4 chart on 16 June 2021, as we see there are strong support since 17 May 2021 , also at the current MA200 around 27.5 Trading plan : Wait for pullback and long at 27.5 , Target 1 At 28
A breakout could signal a huge run as the price has been consolidating for a decade.
Since the beginning of April the price of Silver has risen by more than 20%. Now the battle is given between 27 and 28 levels and we will have a winner soon. I'm bullish in the medium term and I expect a break above 28. 30 is my target, but a daily close under 27 would deny my outlook
Chart says it all Watching below MA/SMMA for late entries Trend line holding
Silver has long been a favorite of mine to trade. In the past few months, it has taken a nice breather creating what looks to be a consolidation pattern before an eventual move up. Gold seems to have created a double bottom this past week and I believe Silver is in the process of making a reversal from its recent slide down. f you zoom in on the daily chart, you...
Similarities between Sep 2010 breakout to $50 and now.
For 2 months now, Silver is trading in an ascending channel, but once it reached 28 zone, a false break occurred which can be an indication of a top. Trendline support is not broken yet, but a break here could accelerate losses and 25 could be bears target
First route is based on 2008 bull market in silver. Second route is based on the bull market in late 70s. I think a bullish phase similar to late 1970s makes the most sense. You can check out my analysis on Gold to see why.
I am not going to go in detail in this analysis. First route is based on 2008 bull market in silver. Second route is based on the bull market in late 70s. I think a bullish phase similar to late 1970s makes the most sense. You can check out my analysis on Gold to see why.
Ever since the Lehman Brothers collapse prompted central banks to cut interest rates and implement round after round of “quantitative easing” commentators have been forecasting that gold will hit $5,000 an ounce and silver $100 an ounce. Pointing to the high inflation that was experienced in the US in the 1970’s that caused gold and silver to skyrocket back...
It foreshadows a new green day for silver that is preparing to confirm a new pennant flag formation, followed by a new climbing leg. Long silver today, at least until the American opening ! If my analysis is useful to you, press Like and follow. If you want other assets to be analyzed, leave the symbol in the comment, and in a maximum of one hour I will...
Midterm forecast: 25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 25.75 is broken. Technical analysis: A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights is expected. Price is above...