Before we head further down south, the silver price should recover more clearly and rise in the green target zone between $18.94 - $19.99. From there, we expect the last bearish push into the orange zone below.
Silver is going to further fall towards 16 dollars.
Following a typical Wykoffian Trend. Current indicators (Strength, Stochastics, MACD, Velocity, Impact) indicate further downside. The acceleration of the downside trend can come swiftly.
Be careful with Silver's movement. It can burn if you are going long. The Pullbacks can also be deep to SL hunt.
For...
Silver should have completed a five wave move down on Friday; if not, it should complete the down move on Monday or Tuesday. The Elliot wave pattern coincides with one of silver's most bullish seasonal patterns.
Over the past 54 years, silver has experienced some of its most significant annual gains between July 18 and September 21. If you bought and sold silver...
During the Asian trading session, the price of silver is in a strong bearish trend at $19.25. The current price is $18.62, representing a 3.00% decrease since the start of trading last night. A strong dollar affects all goods denominated in the US dollar. We are now looking for potential first support at the $18.50 level. And now, we will add two more potential...
In this update we review the recent price action in the Gold futures contract and identify the next high probability trading opportunity and price objectives to target
The price of silver continues its sideways movement in the $19.00-$19.50 range. During the Asian trading session, they were below the midpoint of $91.25. It could be said that the price of silver will retest the support at the $19.00 level. For a bearish option, we need a drop below $19.00; after that, we can expect a continuation of the bearish trend. Potential...
Silver price went down and tested a major support zone.
Price action is likely to consolidate at that level.
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In this update we review the recent price action in the Silver futures contract and identify the next high probability trading opportunities and price objectives to target
MCX:SILVERMIC1!
below 58600 you can short there are 2 supports near 56k and 51k so we can expect 1500-2000 points
what are your thoughts please comment below
Type : Bullish Rise
Resistance : 22.565
Pivot: 21.495
Support : 20.840
Preferred Case: On the H1, price is moving above the ichimoku cloud which supports our bullish bias that price will rise to the pivot at 21.495 where the swing high resistance and 161.8% fibonacci extension are. Once we have upside confirmation, we would expect bullish momentum to carry price...
