Silver has been on some what of a down momentum for a while, potential for a build up of orders in the area of 15.50 for a Long Trade
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...
I think that silver went down because of speculators who see that a huge breakout upwards is coming, and wanted to jump on that train at the lowest price possible. I think that maybe price is going to hit 15.20, but that is an absolute minimum in my opinion... Also watch for the perfect triangle on 1 and 4 hour charts. Maybe it will indicate the next move of...
4hour Stochastic shows bullish breakout, bearish and bullish trendlines almost crossing... The breakout can be here at any time! First TP: 18.20
The last 2 years the silver market is behaving similar to mid 2003 to mid 2005. Even if we assume that the Stock Market, Bond Market and Housing Market will not correct the coming 2 years, the Silver Market looks really bullish. Especially if we take into consideration the recent capitulation in the bullion market (www.bullionbaron.com), the "Crushed Profit...
Looking on the daily chart and 4h chart , it looks like price will rise to the next resistance zone but I'm aiming to the second resistance zone which is 19.0 zone - marked on the chart... Best of luck :-)
Good Risk/Reward...
Long setup for silver with negative news being released earlier today can see the pair break the .618 resistance. Once/if it does expect it too shoot up. Rising wedge put in with all the higher lows, will wait for break and possibly add to position.
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...
Validated confluences 1.Daily Support Broken 2.Trendline on daily valid 3.Profit margin 1:3 4.Below middle ma band showing signs of weakness
It is the last wave of elliot wave pattern. I expect, sharp fall will happen. Target 17.800
Long silver and the target is previous supply structure.
Based on the conventional way of trading, support and resistance level will always work regardless of the market trending/ranging/consolidating. As per the drawings shown on the chart, there is two heavy resistance bound to be tested this week. Support was clearly "Supported and "Hold" as the price didn't manage to "flush" it down during the market opening (No...
Barcelona events and a weak USD maybe a good motivation for a fly of SILVER and GOLD today
Silver Non-Commercial Speculator Positions: Large speculators continued to push their bullish net positions higher in the silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large...