Silver Prices have been followed for centuries. Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand. Ag is the chemical symbol for silver on the periodic table of elements and its ISO currency symbol is XAG.
This will be my view of Silver (Sept 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities ...
In this chart you can see that the price of silver is approaching a two year low and that it is currently sitting on a previous demand zone. As you can see in Dec-Jan 16' the price bounced off this support line and shot up to prices of 20-21 on a parabolic jump. Could this happen again? All we can do is speculate and see what happens.
Although this is simply an ...
Hi there, Dont miss this long.
The lower the silver is going the better the price you will get for long.
Buy and hold.
We are expecting silver to rise sharply.
Good Luck.
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While DXY is looking more bearish, Silver and Gold will get some room to breathe after a continuous downtrend past weeks. RSI at the bottom where we have seen two major bounces, MACD 1D is bullish (2D/3D getting ready to turn bull) and the price at a prior accumulation level, so one could enter a trade with a stop-loss below this level to prevent loss while this ...
Seems like a very good opportunity with excellent risk/reward to take long Silver right here. Target up to downtrend resistance of $17-17.25 range so good for about $3/oz upside. Should silver break decisively over $18 then there could be much more to the long side but one step at a time...
Good morning traders,
Silver is trading in a bearish development with current decline from 14.98 level representing wave v) that can look for a bottom in the near future as we see metal making five sub-waves down from 14.98 swing high. As such, there can be a bounce coming in the next few days, especially if we consider that wave five is also trading close to its ...
Silver is squeezing on the 12hr with momentum currently to the upside, the momentum divergence looks pretty decent too. We do have to watch for a potential rollover and short fire so track the squeeze by getting the Maxx Momentum indicator https://www.tradingview.com/script/cZ7FQAtz-Maxx-Momentum-TTM-Squeeze/
To add to this silver is currently in a beautiful ...
simply a 5 waves up followed by 3 waves down, another lower degree sideways correction could signal a buy opportunity to catch the next impulsive rally
Last week Tuesday commercial long contracts were 87538, short contracts on the same day were 86121.
At the same time large speculators short contracts jumped from 7158 to 16598.
This is a rare moment when most of the commercials think there is no need to hedge production and hedge funds became very convinced silver is going lower.
I will be trading this with the ...
Current trend
Over the past three months, the silver price has rapidly declined by 20% from the level of 17.20 to the levels of 14.00, 13.90. The main catalyst for the weakening of all precious metals remains a significant growth of USD and a tense situation in the raw materials market against the backdrop of the latest US sanctions. From the middle of the last ...
Hello traders.
XAGUSD keeps coming down but there is no momentum for the downside. So, it can go up very fast anytime. But divergence itself doesn't mean reversal immediately and as you can see, it's still in the downtrend. So, there is a chance for a correction and more downside. But even if it keeps coming down, eventually it will bounce back and I don't want ...
This is the only broker chart I saw with that wick. The others haven't even broke the supply level yet. I have been skeptical of it dropping down that much. At least on this chart it completed a 7 swing "B" wave. I've been talking about the buy I see coming on this. Maybe they know something others don't.......
Why did I make this chart?
1. I'm beyond tired of seeing "hope charts" that are basically the current chart with an arrow pointing up at the end with NO EXPLANATION.
2. Also tired of Twitter and YouTube shillers making money from people's hopes.
3. Lastly, I'm tired of people searching for something in the news to explain the price rise or decline. Here's some ...
Silver has been oversold for some time now. There is a nice bullish shark setting up. Also, take note of the divergence between price and RSI. This is all dependent on the USD of course, but we could be looking at a bounce up from here.
