Silver showing a short term bearish trend. Spotted an short entry on the upper trendline. target short term profit at lower trend line.
Sold some of my silver today, and buying back in next year. Hope this helps. We have a bottom around 15.5 next year Cinco De Mayo Good Luck.
Just 2 days , i expect silver to start milting , its now in fist target . I think new low is possible . Good Luck
Silver looks weak and cant pass the resistance line . Shorting from here is a steel , and good point . Still in down trend and we can make lower low before the next pull run . Good luck
Silver is looking on downside today and looking to touch again the 22's level. target range will be 22.80 again
SILVER touched top line of important correction. I think silver is looking GOLD and DOLLAR INDEX. DXY is really important for this chart, if DOLLAR takes power, SILVER can have good correction.
Hello traders! In the first post about silver we exposed how according to our Elliott Wave Count silver should be about to finish the second X wave in a triple three correction for cycle wave 2. Since we arrived to a confluence zone with both the main bearish trendline from May '21 and a big volume cluster, we believe that price has a high probability of...
TVC:SILVER Fibonacci Retracement applied on daily timeframe of TVC:SILVER suggests that support at current levels will help it test around 24.3 & 24.9 yet not sustain it; but ultimately it will bounce back from weekly price level of 24.03.
It's important to stay informed about the market and various data reports that can affect silver prices. Here are some key data reports that traders should watch when trading silver: 1-Gold-silver ratio: The gold-silver ratio is the number of ounces of silver that are needed to purchase one ounce of gold. A high ratio indicates that silver is relatively cheaper...
In the daily chart it looks to me like we could start looking for short positions in silver as it broke the HL and didn't come back to any resistance level we can go looking for a position once there is a retracement again and hope it hits its support Not a signal DYOR
Hey traders, At the end of December, Silver reached a solid weekly structure resistance. The market was nicely rejected from that. Analyzing a daily time frame, I spotted a confirmed breakout of a support line of a rising wedge pattern. It confirms the strength of the underlined zone. I expect a bearish move to 22.84 / 22.2 ❤️If you have any questions,...
TVC:SILVER By applying #Dow theory, following observations are noted Downtrend : From Mar22 till Aug22; almost 34% profit if short position is considered. Uptrend : From Sep22 till date; almost 32% profit if long position is considered.
Silver reached an important horizontal weekly structure. The price formed a triple top on that on a daily time frame. Its neckline breakout confirms a highly probable bearish continuation. Goals: 22.6 / 22.2 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
I do not expect this to be a popular view, given the excitement of the rally on metals in general in recent weeks. But no trend lasts forever and we’ve not really seen much of a pullback on silver prices lately. Besides, silver has risen nearly 40% since the September low and fast approaching the upper trendline from a wide (slightly bearish) channel. The tendline...
52-Week High 27.500 14 Day RSI at 80% 25.112 Pivot Point 3rd Level Resistance 24.219 23.890 3-10 Day MACD Oscillator Stalls Pivot Point 2nd Level Resistance 23.719 23.642 61.8% Retracement from the 52 Week Low Pivot Point 1st Resistance Point 23.379 High 23.220 High 1-Month High 23.220 13-Week High 23.220 Last 23.038s Last 14 Day RSI at 70%...
$SILVER - STILL WAITING FOR THE SHORT SELL AREA. It has been a nice run from the $17 range where I bought my first #silver bags. I think Silver can perform well from a macro perspective but the $25.50 range will be strong resistance. Are you owning any precious metals?
Formed Rising Wedge In H4 Timeframe Rsi Printed Massive Bearish Divergence Too Incase Of Breakout Expecting Bearish Impulse
I'm waiting for the price to reach around 24.00. Then the sell entry with TP around 21.50. Weekly resistance should be respected (yellow line on chart). P.S. This is not financial advice of course, just my idea.