SILVER (XAGUSD): Consolidation & Bullish MovementThe price of SILVER is currently exhibiting trading behavior within a broad horizontal range.
Following a test of its support level, an inverted head and shoulders pattern was formed.
It is anticipated that this consolidation will persist, with a probable price increase towards the range's resis
XAGUSD Overextended: Watching 40.50 NecklineIn the past months I argued that Silver should rise and reach 40, and the market not only achieved that but even exceeded the level, printing a high at 41.50.
However, just like Gold, this move looks overextended and vulnerable to correction.
📌 Technically, price has tapped 41.50 twice. While it
SELL XAGUSDSilver has hit a key resistance around $40.65 – $40.70 while forming a rising wedge pattern, a bearish signal. From this zone, I expect a rejection and a strong drop toward the support area near $37.80.
📉 Bearish Outlook
Resistance: $40.65 – $40.70
First Target: $39.50
Final Target: $37.80
SILVER TO $750 IN THE NEXT DECADE ?This has to be the biggest Cup & Handle Formation in Human History. Holy Smokes.
Ok, let's dive into the Fundamentals:
1) Industrial Demand: Silver is essential in various high-growth industries such as electronics, solar energy, and medical devices. As technological advancements continue, the dem
SILVER Set To Fall! SELL!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 39.719 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 39.114
About Used Indicators:
A super-trend i
SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
SILVER SIGNAL
Trade Direction: short
Entry Level: 4,066.6
Target Level: 3,923.7
Stop Loss: 4,160.4
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 12h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my anal
Silver Price Retreats from a 14-Year HighSilver Price Retreats from a 14-Year High
As the XAG/USD chart shows, yesterday silver climbed above $41.40 per ounce. The last time silver traded at this level was in September 2011. The rise in XAG/USD was supported by gold surging to a record high, which we reported yesterday.
Furthermore, Gol
SILVER’S SUPERCYCLE: $40 Retest Could Ignite a Moonshot to $66Silver OANDA:XAGUSD ) has finally broken out of a multi-year resistance zone, soaring past $40 for the first time since 2011. With technical momentum building and macro tailwinds in place, this could be the beginning of a supercycle rally in precious metals.
Trade Plan:
🔹 Entry Zone: Watching for
Silver is once again on a path that will lead to higher goals!Given the trend that began at the beginning of 2020, it seems that this precious metal has found a special place among investors and is consolidating itself in this position.
It should be noted that for whatever reason this consolidation occurs, the goals above $ 100 per ounce of silver are achievab
SILVER (XAGUSD): The Next Resistance
Here is my latest structure analysis for Silver.
With a current bull, run the price successfully violated
39.0 - 39.5 supply area that turned into a demand zone now.
The closest strong supply zone that I see is based on a major
rising trend line and 41.0 psychological level.
It looks like the
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.