After reaching 21.50 support, Silver has started to rebound and is trading now 1k pips up from this support. However, after the false break above H&S s neckline, in my opinion, XagUsd is in a downtrend and will soon resume its trajectory to the downside. The best place to sell it is just under 23 resistance, and such a trade can have a 4k pips profit if we target...
We have come so far already, but there is much more to do! In our primary scenario, we expect the course to further drop and fall under the support at $21.41. After reaching these levels, the final stage of falling below $20 can be tackled. A temporary countermovement has a probability of 25% and can only be realized with an increase over $25.88. Keep waiting!
Silver is now at the edge for a step higher towards 23.7, perhaps one more test to the downside, but the probabilities with lower $dxy into end of the year are quite good for silver-earnings...
As you can see in the chart Silver is making lower high on weekly time frame and after 3 weeks of down fall we can expect a bounce back from next week. 21.50 is very important support area, if closes below the level will attract heavy selling. Let it consolidate for 1 or 2 days then buy above recent high. We can head back to 23.50 Closing above 22.50 will...
XAG/USD (SILVER) is going up-side for a short-term recovery for wave b of the 5th wave as an ending diagonal (wedge pattern) on the 2nd wave. If the scenario is right we can go around $23 then we will go below the recent low of $21.79 ( if the 5th wave doesn't truncate). Wave be must probably go as a zigzag (5-3-5) patter but it is not necessary it can make a...
Since August, Silver is trading in a 10-12% range, with a low just above 22 and a high in 24.50 zone. At the beginning of November, we have a false break above resistance and a quick drop to support afterward. Usually, false breaks lead to strong moves in the other direction and I don't expect this time to be different. In conclusion, in my opinion this support...
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
look for a retest of B leg, if support holds and remain strong. I see a potential cup and handle forming off the D leg which will lead to a breakout and retest of B leg
XAG/USD (SILVER) will push lower to make a new low below $22.6 and after that, it can push a little bit higher, but not above $23.7. Then it will go for one deep correction as a continuation of wave (2). In the alternative scenario (marked by red alpha numerals), we have already finished wave (2) @ $21.4. So right now, it's running expanded flat, and will soon...
Looks like we can see another bullish run from silver and here is why the pair has been making strong bearish moves to the support zone and touching the bullish trend line. the bearish fullback has managed to touch the 61.8% pull back of the fib the RSI has made a is indicating that the market is well oversold so bulls will start making there moves on...
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.
TECHNICALS A great bullish swing move will soon begin for the following reasons. - price has come to retest support - price has come to retest the bullish trendline - the bearish movement has pushed the price down to the 61.8 pullback - RSI is indicating that the pair has been oversold which means a strong buy may come in play soon FUNDAMENTALS TO LOOK OUT FOR...
Today I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale. After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern. As...
The time it took for silver to drop from $50 down to the consolidation phase was 770 days. I predict a similiar amount of time will be required to take the price back to old highs. The rough arc pattern tends to agree and the major and medium support lines are keeping the price in control for now. My expectation as inflation becomes uncontrollable, the silver...
As you may have noticed, I'm strongly bullish Gold&Silver and in Silver cases, I draw attention to a possible H&S a few days ago. At this moment the pattern is complete and we also can consider the neck-line broken. I expect continuation to the up-side and only Silver back under 23.50 would change my bullish outlook
It is increasingly looking good for the First Majestic stock, as the price is further moving away from its support at $12.56. Below that mark, we would experience a decline under $10. However, we trust the bulls here to make significant advances and push the price above $33. Silver is the new gold!
In my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart. As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance. This resistance can very well be the neck-line of an H&S pattern and a break here would expose...
There is a lot for the silver price to do. Overall, we expect the price to fall under $21.41, but the correction was slowed down by the bulls. As long as the price can stay below $24.94, the primary scenario is intact. Let's see if the bears can pull the course back down!