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...
Silver is being a bit stubborn these days. After finishing wave (x) in blue at the lower edge of the orange zone between $27.39 and $28.66, it has generally been moving downwards. However, this movement has time and again been interspersed with upwards twitches, which have lately returned it to the mark at $25.49. Nevertheless, we still expect silver to continue...
Silver has broken the short-term trend line and is likely to drop as it is highly likely that this instrument will retest the weekly support before making any move to the upside. Currently, 25.45 could give us a selling opportunity with a target @24.32 If you find value in this analysis give a thumbs up and also share it with friends.
This area is really important for silver. there is double bottom and the channel show show us target. before that probably it will have a another correction to get power for break out.
That was a close call! Silver has missed our alternative scenario by a hair’s breadth by popping above the resistance at $25.49. As it has gotten its act together just in time though and has drawn back again, we still expect silver to return into our pink trend channel to move downwards below the support at $21.41. However, although it has been narrowly avoided,...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Silver. The chart is self-explanatory. Silver price has been climbing up the local support trend line. RSI is about to reach the overbought area. Silver price has potential to drop. It may be supported by the 0.236 Fibonacci Retracement level as well as the strong...
Yeah, yeah... I know, the metals move slow. Silver has had this pattern playing out for 40 years. Many think it will be perpetually manipulated. Should this scenario play out, a 13x is possible. I realize many will dispute this. Others, as myself, believe it will (at some point) break free. I'm still of the mindset it's one of the most undervalued assets on the planet.
This is how I see silver playing out over the next several hours Long and then going short back with the market sentiment
Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94...
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.
Usually, at this time of year, bears would be snuggled up in a cozy cave or den for their annual dormancy. However, at the silver market, they are full of beans and hold onto the price fast. After agonizing about it for a while, the silver price has finally fallen below the resistance at $23.48. Thus, we consider the downward trend we predicted affirmed. If the...
Silver has had a very good start of the year, with the precious metal gaining more than 10% in only 3 weeks. From a technical perspective, the price has started to drop from an important confluence resistance given by the falling trend line and horizontal support and we can have a continuation to the downside in the next days/weeks. 23.50 is now support followed...
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Our preference: Long positions above 22.60 with targets at 22.85 & 23.00 in extension. Alternative scenario: Below 22.60 look for further downside with 22.45 & 22.32 as targets.
After making an instraday low just under 22 figure on Monday, Silver has started to recover and now is trading at 22.55. However, the rise from the low looks corrective and is overlapping and now the price is also facing 22.60-22.80 strong resistance zone. My opinion doesn't changed and I 'm still bearish Silver but at this moment I wait for more confirmations. A...
crab harmonic pattern: X=$71.64 A=$1.55 AB=0.38 XA BC=0.38 AB 1.6 BC=$9.48 2 BC=$11.74 2.24 BC=$13.43 2.6 BC=$16.59 3.6 BC=$29 0.78 XA=$31.54 4.23 BC=$41 0.88 XA=$46.28 1.13 XA=$117.92 6.85 BC=$177.21 1.27 XA=$203.24 1.41 XA=$344.94 1.6 XA=$765.62
this is a 2 Day Candle Chart as we can see the Price is up Ranging in a Yellow Ascending Parallel Channel where currently it is trying to break the lower bond. there exist a Fibonacci golden zone of the smaller impulsive wave, which can show Support and if the price bounces from it then we can target the 1TP, which is Fibonacci Expansion -27% level of the main...
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...
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!