The fundamentals are the same with gold. Looking for a short position around $24.17 with a stoploss of $26 and a target of $21.4 - $20.90 silver has been trading sideways in the weekly chart, with a high of $30 on February 21 and a low of $21.60 in September 2020.
With the silver price sliding again, our primary scenario, that this trend will continue, gets more and more backing. We are expecting the price to go down all the way below $18.62. Another important mark on the way there is at $21.81. If the price crosses this support line, too, then we can prepare to enter the blue box. Have a great start to the week!
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.
Like its bigger brother, Gold, also Silver saw a strong reversal day yesterday. The day ended with a long-tailed Pin Bar, which can be an indication for further losses. Also here I will look to sell rallies
Looks like we broke support and that precious metals may be leading the market lower. Ooops.
Welcome back Traders, Investors, and Community! Hi Traders, XAGUSD on D chart has formed a Bullish Falg and has broken below the Flag by a large red candle. I am expecting to go lower to 24.11 ⬇️Sell now or Sell at 25.84 ⭕️SL @ 26.81 ✅TP1 @ 24.11 ✅TP2 @ 22.6 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a...
After proving 28 zone as a strong resistance, Silver has started to roll back just to find 25.50 zone as support. One month of consolidation followed and at this point, XagUsd looks ready to break down. 23.80 support could be bears target and Silver back above 27 would negate this scenario
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...
The bears have returned to the silver market and are finally working on realizing our primary scenario. We expect the silver price to drop under $24.04 and stabilize there before further moves down south are going to follow. In detail, we expect the price to fall between $18.62-$13.70. Happy weekend!
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...
It's good to sell on rallies around 28.00-10
SILVER is retesting the horizontal resistance After breaking the rising support line Which makes me bearish And although there is still some room for it go up I think that it will fall eventually To retest the lower demand levels
Market makers are trapping a lot of people pretending that silver is in uptrend but actually this is part of the market cycle. As you can see after breaking the accumulation phase we got fake move to the downside which traps all low shorts and moved away from this zone. After that we shift from this zone with momentum to the upside which induce traders to take...
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
All the PMs but especially Silver is a Major SHORT here, with a Low-risk Entry! A Bullish G/S and a likely USD reversal here - even if potentially limited in scope - should underpin a substantial decline in all the metals, from these levels. Charts like this are no help, either! (Stock market forced liquidations have a tendency to spare nothing and no one,...
Looking Bearish, All the key levels are mentioned in chart with Stop-loss and Targets Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing