Silver is unstoppable. Following Gold strongly bullish sentiment, XAGUSD keeps breaking key resistances, one after another. In comparison to Gold, Silver still has multiple historic resistances to pay close attention to. Resistance 1: 26.8 - 26.95 area Resistance 2: 27.9 - 28.72 area Resistance 3: 29.8 - 30.1 area Look for pullback/breakout trades from these...
Silver is on a neutral 1D technical outlook (RSI = 45.485, MACD = -0.282, ADX = 24.810) as despite a straight downtrend since December 22nd 2023, it has registered three successive green 1D candles that pushed the price over the LH trendline of the December 4th 2023 High and the 0.382 Fibonacci retracement level. Technically, if the price stays over the LH...
Look how nicely Silver respected a solid horizontal supply area on a 4H. We see a strong rejection and a formation of a cup & handle pattern. Odds are high that sellers will push the prices lower now. Goals: 22.75 / 22.55 ❤️Please, support my work with like, thank you!❤️
Silver set a new higher high higher close, violating a key horizontal resistance on a daily. It is an important sign of strength of the buyers. The market will most likely keep growing. Next goal - 25.0 ❤️Please, support my work with like, thank you!❤️
Silver has turned bearish on the 1D timeframe (RSI = 38.233, MACD = 0.035, ADX = 37.062) as it has been on a continuous decline since the December 4th top. The price is already under the 1D MA200 and the 1D MA50 and even touched the 0.382 Fibonacci level. The 0.236 - 0.382 Fibonacci range has been the most common Support since April but in order to rebound the...
Silver broke and closed below a key daily structure support with a high momentum bearish candle. The broken structure turned into a strong resistance. Probabilities will be high that the market will drop much lower. Next support - 22.25 ❤️Please, support my work with like, thank you!❤️
Silver is unstoppable, the price violated one more daily resistance. The next goal for the buyers is 26.0 resistance now. We may anticipate a further bullish continuation to that structure next week. ❤️Please, support my work with like, thank you!❤️
Silver is currently trading within a narrow horizontal range on a daily. 23.20 – 23.43 is the support of the range. 23.93 – 24.14 is the resistance of the range. Bullish breakout of the upper boundary of the range will give you a strong bullish signal. Daily candle close above will confirm the violation. A bullish continuation will be expected to 24.70...
Silver has failed to close a 1D candle over the 1D MA50 for four straight sessions and as it previously did on the 1D MA200, this is a bearish signal. Its confirmation is the 1D MACD that formed a Bearish Cross and each time the market has done so since April, inside this long term Channel Down, a new Low was made. Even the 1D technical outlook just turned...
Hello There! Welcome to my newest analysis of SILVER from several timeframe perspectives. The recent determinations within the SILVER price are so severe that I saw no other approach besides deeply analyzing the current bearish indication within my analytics backend and approaching the most acute indications here. Especially, as SILVER is emerging with these...
Hello There! Welcome to my new analysis about SILVER on several timeframe perspectives. As I pointed out in my previous ideas SILVER is in a more bearish condition with the bonds market being up as well as the DXY being up. These factors already point to a more bearish global term perspective for SILVER. Now a major consideration is the local term as well as...
Hello There! Welcome to my new analysis about SILVER FUTURES on several timeframe perspectives. The SILVER FUTURES recently showed up with important pullbacks which moved on to test further remaining levels within the whole structure. From a market perspective the bonds market recently showed massive strength with T-bills emerging to form several higher highs...
Silver is on a strong decline after the August 30th rejection on the LH trendline. The price is naturally on a bearish 1D time-frame technically (RSI = 39.492, MACD = -0.033, ADX = 26.676) but an RSI reading below 35.000 has been a buy opportunity since the end of May. Ideally the buy entry would be as close to S1 (22.235) as possible. We will buy and target the...
Silver formed a double top pattern, respecting a falling trend line on a daily. The second reaction from that was strong enough, so the price managed to break a key horizontal support and close below. I believe that after a minor correction, the market will keep going lower. Next goal will be a rising trend line. ❤️Please, support my work with like, thank you!❤️
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 crossed today under the 1D MA200 for the first time since March 13th with the 1D technicals approaching a critical oversold level (RSI = 33.922, MACD = -0.337, ADX = 28.236). This confirms that the range from the 1D MA200 to the HL trendline is the Buy Zone of the long term Megaphone pattern. We are starting a long term series of buys today. If you seek...
Here is my detailed structure analysis for Silver. Support 1: 23.84 - 24.06 area Support 2: 23.25 - 23.44 area Support 3: 22.67 - 22.73 area Resistance 1: 24.28 - 24.88 area Resistance 2: 26.04 - 26.13 area Consider these structures for pullback/breakout trading this week. ❤️Please, support my work with like, thank you!❤️
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...