Keypoint : - Orange line : Fibonacci sequence x 1.618 from October 2008. Yellow line : Fibonacci retracement 2018 white line : Projected Down Trenline from september 2016 Closer they are (orange and yellow fibonacci line) in between the high resistance/support is expected - expect a down trendline would be tested and a possible retracement once it's touch that...
My 3 favourite Indicators have all aligned for Silver . 1. Price above 20MA daily 2. Stochastic RSI on the upside of momentum 3. Short over the long also the price is above 50MA daily, but on the weekly it is acting as resistance that has to break. anyway it is all looking positive for Silver price.
Silver broke above the 1D bearish (Lower High) trend line (dashed) effectively ending the medium term downtrend. 4H was currently rejection on the first major Resistance test (14.800 - 14.840). Failure to break this may result in a drop back to the accumulation zone (TP = 14.400) but a break above 14.840 should see Silver testing major 1D Resistances (TP =...
Silver at the end of correction period Next major move : post 2021 Minimal chance to go over $15.60 from now till December 2020 Minimal chance to go lower than $13.50 from now till December 2020
silver looking buy on dip , hope next going big up move 17.40$
This one is a bit tricky, scenario still needs more time to clarify the structure. However, short term buy and then wait to see if there will be a new low or keep going up. Only buys on Silver.
Silver is consolidating on 1D (RSI = 45.850, Williams = -48.527, CCI = 32.7856, Highs/Lows = 0.000) after finding support at 14.890. The very same pattern has been spotted another 2 times in 2017 and 2018 leading us to assume that the behavior is cyclical. This suggests that the current consolidation has at least 1 more Lower High to give before breaking either...
Silver is on a 1D Channel Up (RSI = 57.653, MACD = 0.076, Highs/Lows = 0.0566). 4H is also on a bullish Channel (RSI = 57.109, Highs/Lows = 0.0000) but more neutral which offers the necessary support. The pattern behavior is quite clear and as soon as this Channel breaks upwards 16.215 at least will be tested. Our TP is 16.200. ** If you like our free content...
There is no denying that commodity futures market are on fire with the surge in Gold and Palladium. Silver is riding that train finding a technical bottom Nov 18' at $13.85. Silver has since moved out of the descending channel and tested its all important 61.8 in Feb, getting rejected, but confirming the top of the channel as support. Silver Bulls are now...
Good evening guys, I hope you are well. On the week commencing 18th February, along with GOLD I will also be looking at SILVER for a trading opportunity. The price has jumped marginally off the SUP2 dotted line and the rising trend-line. This confirms a potential uptrend continuation. I will be looking at RES1 to see if the price breaks above this line or...
Silver is close to crossing through its previous High and being on a strong (RSI = 69.203) but stable (MACD = 0.030, Highs/Lows = 0.0739, B/BP = 0.0990) 1D uptrend, it is expected to test the 1W Resistance at 16.200, which is our long TP. After that is will most likely enter into consolidation on a similar candle sequence it traded on during the first 6 months of...
Silver has broken through the previous Low into an emerging Channel Down on 4H (RSI = 40.361, MACD = -0.033, Highs/Lows = -0.0364, B/BP = -0.1060). The dashed lines however keep the price for the time being inside a Falling Wedge with 15.600 as the Resistance. If the price breaks the wedge downwards, the immediate target is 15.300. If it pulls higher and then...
Following Silver's aggressive rise in recent weeks, it is useful to examine how far this rise can extend to. From a technical perspective, Silver has been trading within a descending parabolic channel after its 2011 All Time Highs. In recent years, the channel is following a more distinct Lower High pattern, which as seen on the chart produces 1M Falling Wedges...
This is a simple study for investors who want to take a long term position on Silver, making use of Jean-Paul Rodrigue's Stages of a Bubble. Although the "Fear" and "Capitulation" staged last longer than the theoretical pattern, the similarities are obvious through Silver's Bubble phase. It is also more likely that the "Despair" phase hasn't been entered yet and...
Silver is a very important commodity, in fact it is even more useful that Gold. As only about 10% of produced Gold is used in various manufacturing, rest 90% goes for jewelry and just as safe haven, where Silver's 50% goes for manufacturing as an example your touch-screens, solar energy and medical sectors... But I'm not here to predict future of humanity :) Key...
Silver is trading within a 14.500 - 14.800 1D Rectangle (RSI = 52.138, STOCH = 53.739, ADX = 17.520, CCI = 1.5082, Highs/Lows = 0.0000) that is dictating the movement for the better part of the month. However as long as the 14.895 Resistance holds, the downside potential towards the 14.220 Support will be greater. Short TP = 14.265.