Hello,Traders!
SILVER broke the long-term
Falling resistance and
The breakout is confirmed
Because the 1D candle
Closed above the resistance
So after some pullback and retest
I think we will see further growth
Buy!
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Silver's price has recently experienced a surge of positivity as it hit a support level on the hourly chart and rebounded. This upswing suggests a bullish trend, indicating that investors are optimistic about the metal's future performance.
Silver trying to break 12year old trendline.
This is a long term chart. Based on history, big trend lines
shifts the long term trend.
With all the inflation going on people historicaly buy silver and gold
to protect them self from inflation and preserve their puchasing power
while their currencies fall.
On of my favourite copper/silver stocks that is leveraged...
hello, I would like to keep things as simple and clear as possible without too many stories!
blue zone = demand zone - from where I expect it to grow or at least to have a reaction
purple area - supply area - from where I expect the price to decrease or at least to have a reaction
liquidation point = for the order flow to be respected, the price must take over...
There are a series of bullish technical conditions on silver's monthly chart that suggest significant upside potential going into 2024.
Those conditions are as follows:
An Ideal Bullish Ichimoku Breakout on the monthly chart - if XAGUSD can close at or above $24.56.
The DTO returning above the zero line.
Hidden bullish divergence between the candlesticks...
Hello,Traders!
SILVER keeps growing in
A strong uptrend and
I am bullish biased mid-term
However, a strong horizontal
Resistance level is ahead
At 25.26$ from where
I will be expecting a
Local correction to the downside
Sell!
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OANDA:XAGUSD enters a bullish consolidation phase and oscillates in a narrow trading band just above mid-$24.00s through the first half of the European session on Tuesday. The white metal, however, remains well within the striking distance of a near three-month high touched on Monday and seems poised to prolong its recent strong appreciating move witnessed over...
Silver price is in a very important zone. there is a strong resistance in this zone and if price can't penetrate 24.9 - 25$ zone and close clearly above it there is a high probability that price will experience correction.
XAGUSD / 1D
Silver has been Trading in a trading range with a a bullish long term trend, the price recently tested a KEY Level.
Bulls closed above 23.79 which confirms that they are in control.
Checkout the chart for the swing targets and what kind of confirmation bulls need to see for the next pull-back if it happens.
Trade safely,
Trader Leo
Similar to the overall market for precious metals, I expect the price of silver to decline by approximately 11%, based on the current price of 24.8 usd
Gold will also initiate a bullish decline and reverse in the 1835 area.
Downtrendline 12 years in the making about to break.
These are monthly candles!!
These opportunities come once in a decade! The follow-through should be majestic and multi year!
RSI Trendline also breaking out!
This is gonna be mother of all swings!
Take care if its rejected from here and have a stop loss. Otherwise its bullish AF.
Some printing from the FED...
SILVER is overextended, and we may likely see corrective activities in coming sessions.
We got a false bull flag pattern, and we are below GANN resistance now as well.
Strategy SELL @ 24.60-24.67 and take profit @ 23.57 for now. SL maybe around 24.97.
