Silver is near value area for Long positions.
Between green areas ( 23.100$ - 22.400$ ) you can set your buy limit positions.
Manage your RISK!!!
Do not enter any positions by your whole margin
Hello,Friends!
Bullish trend on SILVER, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 24.966.
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The selloff in gold and silver today was extreme . I cant help but be bullish at support when current sentiment is almost exclusively bearish . Use this opportunity to load up on physical especially as these opportunities are few and far between .
The recent price action on the SILVER pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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Live long term trade Silver. Considering the economic situation + wars in the world, I think that silver will create a historical High because it is a really useful metal
#SILVER, market is just near to his one of the most and master area of the month , this is our supporting area,
keep close it and dont be lazy here because that will play key role in current situation,
no doubt its market weekly and minimum timeframe area,
so have patience and trade this area,
and manage you positions accordingly.
trade wisely
good luck
XAGUSD
W1 - The price has reached level 161 in a three-wave structure, which may lead to a potential correction to the 100 level.
H4 - The price is fixed behind the trend line, you can wait for the formation of a three-wave structure to enter a sale with targets up to 22.97
What can you expect?
You can consider entry from the level of ~25.10 with...
Hello,Friends!
SILVER pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 24.358 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 25.4720
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 25.3171
About Used Indicators:
Super-trend...
Silver (XAGUSD) has hit a peak price amidst the geopolitical unrest this weekend (Red Sea attacks) and this is technically the Higher High of the medium-term Channel Up that started on the September 22 High. The 1D RSI is reversing already and as a target we have two technical candidates.
In the past 7 months we've had 5 major corrections, the minimum being...
Yay.. Despite the metals blew off the roof today I suspect we are at the turnaround point.
Not a high confidence chart, however, this is what I have been contemplating for year or so.
Revisiting SILVER and well... this is looking very SPICY! My last chart in July 2020 was spot in with the spike from 18- 30 dollars. Now we are sitting at approx. 27 dollars. Where do we go from here? UP! The previous old chart had a bearish Crab pattern, but this seems more like a bearish SHARK Pattern which is trailing a MONSTEROUS bullish Butterfly pattern. The...
Silver broke out of corrective triple three pattern after having risen in an impulsive wave 1 starting Oct.3 ending Oct.20.
Talking of chart patterns the commodity also broke out of the falling wedge chart pattern.
Other than a minor pullback on hourly/half hourly chart there should not be much resistance for this commodity to quicky achieve its projected wave 3...
