The silver price is currently near US223.75/ounce, and it has fallen by about 1.4% during the day. If it falls below US223.75/ounce, this will open the way for a further decline in silver prices, and silver prices will continue to be expected for some time to come. The bearish trend scenario. Currently waiting for the silver price to fall below US223.70/ounce...
Silver has been in a low-level shock yesterday, and the current bearish pullback has ended, so today the bearish trend continues to be bearish. Silver @sell23.95 tp 23.5~23.1.
Hi there, For me , on daily chart this is looking very bearish, but i will not entry now with a short because we still need to wait for a break line ( red line ) and also, a Price action confirmation, afther that , if we close under the red line, i will short this . But i think will be a nice trade with a good profit .
Silver touching major resistance area and potentially forming a double top if it can't break above 26.50. I also noticed a double bottom that's playing out on the 15 minute chart that I missed while being away. Could go either way, but I think fundamentals support bulls.
24.90 remains a strong 4 Hr support level. RSI touched my divergence trendline perfectly before price bounced right back up. Waiting for price to cool off a bit before entering long again.
Looks like a double-top on 4 hour SI chart. Price broke below 50EMA If price losses the upper trendline of the descending triangle expect price to push to bottom trendline of triangle at least. Will it tap the upper trendline all the way down until the break up?
Not perfect, but big shooting star on SI daily chart along with break below the 50EMA on the 4 hour chart makes me think Silver may pullback to major support from 24.00-24.60 before shooting back up. Could the star really be the 2nd top of a double-top? Time will tell. Holding steady for now.
I'm seeing that 4 of the last 6 times that this pattern has played out over the past 4 years, at the first major pullback the RSI continues to put in a higher low. Price then move higher.
The decline of silver after the previous wave of big gains has now formed a top-of-the-head and shoulder pattern, and the short-term shock high formed on the right shoulder is also decreasing. Yesterday, it surged again and fell back, so we will continue to bearish silver at high altitude in the evening. If the bears break down in the future, they will usher in a...
I'm seeing a bullish RSI divergence coupled with a descending triangle on the 4H silver chart. I see a similar setup 5 times in the past year and each time the price went up. Am I seeing this correctly?
Silver hit last night's high in early trading and then fell back under pressure again. At present, it has also fallen below yesterday's low. The decline of the large structure continues. In the evening, silver is also waiting for a rebound. The silver operation recommends selling at 24.86, risk control at 25.02, and target 24.45~24.15. The chart is a daily silver...
Silver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits. There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows...
Silver and gold tend to move in tandem so this is not breaking new ground. See my post on Gold... link below This is a monthly linear chart. Keep that in mind. The proposed move will take some time for momentum to develop. As labeled on the chart I am expecting a 3rd wave down of "C" to commence soon. Commensurate with gold. Price pattern is strikingly...
A combination of silver on the brink of breaking below its tight uptrend channel and a strong textbook bearish divergence in play.
Silver has continued to rise well in line with expectations all the way, so it will continue to be low in the evening and wait for a rebound to go long.For silver operation, it is recommended to buy at 25.41, risk control at 25.25, and target at 26~26.20. The chart is a silver 4H chart Silver is bullish for the following reasons: 1. Silver bulls continue to be...
Silver prices shows positive trades now in attempt to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for today, which targets testing 25.30 as a next station. Therefore, no change to the positive scenario that depends on the price stability above 24.90, as breaking it will force the price to turn to...
We have identified a rising wedge. We expect the price to hit the previous resistance but expect it to be reject and drop-down back to the previous support levels. We also noticed the bearish cross-over on the MACD-line and bearish divergences. Short on the 4h timeframe - Entry price 24.54 Exit price 23.275 Stop loss at 24.8 Risk reward ratio: 4.87
Silver is unstoppable. The market keeps growing like crazy. Here are 3 important structure resistances from where we may see a pullback. Resistance 1: 24.28 - 24.63 area Resistance 2: 25.82 - 26.22 area Resistance 3: 26.7 - 26.9 area Consider these structures for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️