After failing to pass above 27.70-27.80 resistance, Silver dropped and broke under short term ascending trend line. At this point, this trend-line is confirmed as resistance and XagUsd can continue its fall to 26 support Also, a short trade for Silver can have more than 1:3 R:R
Unlike Gold, Silver is in a clear uptrend, with the price putting in higher lows and higher highs since the beginning of December. The spike to 30 from the beginning of February is now corrected and XagUsd looks ready to resume it uptrend. At the time of writing Silver is trading at 27.55, just under 27.80 resistance and a break above resistance can lead to a new...
As mentioned in our past analysis, the Silver price didn’t have enough power to sustain a bullish move above the resistance area that we highlighted. Even though Silver slightly broke the top, we still expected the bearish move to unfold in order to finish what it started. In this context we predict the price to head towards the $24 levels, however keep in mind...
As i am watching silver had made a double top and make higher high but get rejected from 30$ zone it had already done a retrace but we are expecting silver will retest these design levels and as we can see a recovery in $ so if it will not be a bubble then with dollar move it will go to our TP Friends Silver is a highly risk based trade so always use proper...
As I said in a lot of my previous analyzes, Silver is more bullish than Gold and although XauUsd lagged and stayed under 1900 and weel under its all-time high, XagUsd spiked to reach 30. As normal a correction followed and Siver dropped over 15% to 26. From a technical perspective, the structure remains strongly bullish and 26 is strong support at this point. My...
We have an order block below the previous support on Silver (XAGUSD) The support marked has been hunted with a wick once, let’s see if we can get a second manipulation followed by a bounce to the upside.
XAGUSD broke out of the yellow downtrend line last week. Now, it has successfully retested the breakout as support. If the support holds, Silver should see a large run to the upside with the first resistance being the cyan uptrend line. The 50ma (blue) and 200ma (yellow) are curling up and will act as large support areas if Silver downtrend momentum continues. We...
Once $30/oz. is broken, it will be just like the 2010 breakout over $20/oz. when the price went ballistic for months thereafter..
Our updated Silver chart. The price is finding support and we are buying again now but a drop to 26,4 is possible and we will be ready to buy even more then. Remember: a healthy support is a good sign of the price's possibility to rise in the long run. Watch today's video for more into this matter
Just my thoughts on Silver and some educational tips. a few things about Silver: - Silver has the highest thermal conductivity of any element Out of all the elements, silver is the best electric conductor, and is actually used as the standard by which other conductors are measured. On a scale of 0 to 100, silver ranks 100 in terms of electrical conductivity....
Silver intermediate cycle bottomed with gold on the 30th November. Silver didn't have that serious decline at the end of the last intermediate cycle like gold. Notice that we were in a consolidation box for 4 months and today we broke out. Is it too late to enter the party? No. We are still early in this game and I think silver will run to 42 and maybe to 50...
A list of Mining Companies to watch to tomorrow if the price of silver continues to soar. We're close to making a recent high but far from making the all time high set back in 2011 at nearly $50 and right now we're near $30. It takes a lot to push up the price of silver but physically demanding it might do just that. So watch these Mining Companies during the...
silver 2% long positions increased by professionals, gold silver ratio reduced by historical level 113 to 68 yet. silver movement is more volatile use low risk wider stop loss and target. buy xagusd if deeper correction occurs.