The silver price resumes its positive trading, moving away from the 23.00 level, to support expectations of a continuation of the upward trend for the rest of the day, and the way is open to achieving our next main target at 24.14, breaching which represents the key to rushing towards 25.02 in the near term, recalling the importance of stability above 23.00 to...
Silver
if it falls above 22.71 in this direction will rise to 22.96 then 23.14 then 23.38
but if it is below 22.71 the direction will go down 22.44 , 22.21 then 21.95
Pivot Price: 14759
Resistance prices: 22.96& 23.14 & 23.38
Support prices: 22.44& 22.21 & 21.95
The general trend expected for today: bullish
timeframe:4
The silver price shows some slight upward bias, affected by the positivity of the Stochastic indicator, but since the price is below the 22.89 level, our expectations for the downward trend will remain effective for today.
stabilizing above 22.89 will support rising to touch 23.14 then 23.30 then 23.45
Resistance prices: 23.14 & 23.30 & 23.45
Support prices:...
I have been looking at XAGUSD vs XAGCAD, with the theory that the relative performance of the pairs could be a signal. In this scenario, CAD should be thought of as a proxy for commodities, of which Silver is just one. The USD is acting as a measure of the wider economy, and the role Silver plays in it.
Starting with the long term then, some general notes. The...
not too familiar with the chart tools but silver makes quick moves to catch up to gold.
It would be nice if retail price went down a bit, but $30 CAD is still relatively cheap.
I just love charts and price action. Am i making money. Hell nah. In fact, I lost 10 racks.
good luck to yall this is analysis just for my studying and collecting data. peace ma people
Manage thy risk and let ur percentages compound or gamble away.
Yesterday morning, I noticed this candle on the 1h chart of XAG/CAD , we see the latest offers to be filled (arrow), which gave me a good signal for a possible turnaround, which is produced this morning, the market has even been higher.
On the 1D chart, we notice that the market is likely to change trend, today it is "testing" its resistance, but I believe...
Silver looks ready for another impulse very soon.
We also have some records positions in the COT right now, check cotbase.com on silver.
Trade at your own risk!
