Silver (XAGUSD) has hit a peak price amidst the geopolitical unrest this weekend (Red Sea attacks) and this is technically the Higher High of the medium-term Channel Up that started on the September 22 High. The 1D RSI is reversing already and as a target we have two technical candidates. In the past 7 months we've had 5 major corrections, the minimum being...
Silver is forming a potential diametric structure in the medium term and the second phase of this structure has begun. The potential route I expect the price to follow is indicated in the image (with dotted lines). The wave e of the diametric structure is estimated January 15, 2024. We can say that we will be in a bear market for the next 2 months. After that,...
HELLO TRADERS!! As i can see this chart of silver its is show a strong support zone and on long term chart it have to test the above weekly trend line which is my last TP i am going for a buy setup from the buying zone area with a very low risk and looking for higher rewards... this just an a trade idea kindly share Ur thoughts on silver chart and stay tuned with...
Silver (XAGUSD) is one of our favorite assets to analyze on the 1W time-frame, as a result of its high reliability of following long-term patterns. You can see a few examples of such successful trades we made using this time-frame below: This time we have another major pattern forming on the 1W time-frame, an Inverse Head and Shoulders (IH&S), a...
Silver (XAGUSD) gave a solid rejection at the top of the long-term Channel Down (see chart below) when we looked into it on July 21 2023: This rejection gave way to the creation of the current Bearish Megaphone pattern whose low got priced on October 04. This initiated the current bullish leg which tested the 1D MA200 (orange trend-line) and almost reached...
Silver (XAGUSD) gave a solid rejection at the top of the long-term Channel Up (see chart below) when we last looked into it on July 21 2023: The price hit on Thursday the 1W MA50 (red trend-line), which gave the previous short-term rally in mid-August. As long as it holds (closes weekly candles above it), we expect a similar rebound, thus turning bullish...
Silver tested a major falling trend line on a daily. The price immediately reacted to that, forming a descending triangle formation on an hourly time frame and breaking its neckline. Bears will most likely push the prices even lower. Goals will be 24.4 / 24.22 ❤️Please, support my work with like, thank you!❤️
Silver is in a bullish trend in the ascending channel. The market reached the demand zone, where the price made a sharp bullish move. Price action created a pinbar at the support level, an indication of potential upward momentum. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
This week fundamentals are very bearish for Silver. Analzing the indicators, I got a very strong bearish confirmation. Also, the bearish engulfing candle on 12H time frame increases the chances that sellers will push the prices low. Target Level - 23.5 Please, support my work with like!
Silver (XAGUSD) gave us a very successful sell trade on our last analysis (see chart below) on April 12: The price rebounded right before hitting the 21.715 Pivot because it touched the 1W MA200 (orange trend-line). Even though May's rejection was done at the top (Lower Highs trend-line) of the Channel Down that started in August 2020, we may witness the...
Hey Traders, This chart ideas was shared last week. We shared targets and highlighted that if we saw support break below 23.854 pivot point, we will see the level below open to 22.904. This was hit perfectly once the level was broken. We are now seeing the SILVER PIVOT CHANNEL (OUR UNIQUE WAY TO DRAW CHANNELS) bottom being respected. UPDATED LONG RANGE...
Since the false break under 18, back in September 2022, Silver has entered a nice up trend and has risen around 40%. After the recent high of around 26, the price corrected, and after the confirmation of new support in old resistance bulls look ready to take control again. The next target could be the 27 zone. Buyers should keep in mind that before both strong...
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...
AB = CD Harmonic Pattern formation has been observed which indicates an increase in the Silver Price (USD). You can buy at 25.150 price point. Place a Stop Loss at 24.760. Take Profit 1 @ 1:1 risk/reward will be 25.509 and Take Profit 2 @ 1:2 risk/reward, will be 25.890.
We had a blast with our buy signal on Silver (XAGUSD) in late February as we caught the exact bottom on the oversold 1D RSI: Now the tide is turning as the STOCH RSI on the 1W time-frame is vastly overbought and is waving the first sell signal after more than 3 months. This doesn't mean that the price can't extend slightly its rise, but this is an optimal...
Since early last year, we have been following a certain buy low/ sell high approach on Silver (XAGUSD) after we identified that it has been trading inside a 2-year Channel Down: We most recently turned bearish again on precisely the right time on our previous January 31 sell call: Right now however, with the price having broken on Friday below the 1D...
Silver (XAGUSD) couldn't have gone better since our September 12 buy signal as following the Lower Lows Double Bottom, it not only broke above the 1D MA50 (blue trend-line) and 1D MA200 ( orange trend-line), but also made a new Extreme High on the 1.382 Fibonacci extension . As you see, we've charted Silver's pattern since February 01 2021, which is a Channel...
Since the low back in June 2022, Silver has traded in a range and although there were 4 attempts for a break under 18usd figure and even a false break at the beginning of September, bulls held strong and finally won the battle. XagUsd started to rise in October and broke above the resistance of the 6 months range in November. A nice rise followed and the precious...