Silver is in a falling wedge patternSilver is in a falling wedge pattern which can be a bullish signal, I anticipate a reversal to the upside if the price breaks up out of the triangle.Longby cerveloistUpdated 3
SILVER Resistance Ahead! Sell! Hello,Traders! SILVER is surging up but A strong horizontal resistance of 24.6$ Is ahead and despite the fact That technicals dont work that Well on Gold, Silver and Bitcoin Lately, we will still be expecting A local bearish correction as Silver is clearly overbought Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too! Shortby TopTradingSignals115
Silver Surges as Market Anticipates Rate Cuts In a flurry of market activity, silver ( TVC:SILVER ) has emerged as a frontrunner alongside gold, propelled by expectations of impending rate cuts and a shifting investment landscape. With both precious metals experiencing a surge in demand, investors are flocking to commodities like XAU and NASDAQ:XAG , diverting cash from bonds in favor of tangible assets. Gold's ascent above $2,100 and silver's trajectory towards $24 reflect the growing optimism surrounding precious metals. Technical analysis paints a bullish picture, with silver completing a 50% retracement of recent corrections and finding support from the 200 moving average on the tradingview chart depicted. The formation of a bullish hammer candlestick pattern further bolsters sentiment, signaling a potential reversal in fortunes. Further ascertaining to Silver's Bullish surge, is the formation of a Symmetrical triangle pattern on the chart. As silver charts its upward trajectory, market observers closely monitor technical indicators for further confirmation of the bullish trend. The monthly chart hints at a bullish reversal in March following February's retreat, pointing towards sustained momentum for silver ( TVC:SILVER ) in the near term. Beyond technical signals, analysts foresee a promising outlook for silver ( TVC:SILVER ) demand in 2024, driven by a projected 1-1.5% increase in global consumption. Industrial demand is expected to lead the charge, fueled by growth in sectors such as photovoltaic (PV) and automotive industries. This surge in industrial usage, coupled with a turnaround in jewelry and silverware demand, underscores silver's ( TVC:SILVER ) resilience and versatility as a coveted commodity. With silver ( TVC:SILVER ) poised to capitalize on robust industrial demand and renewed investor interest, traders and investors are eager to capitalize on the metal's upward trajectory. As silver shines brighter on the investment landscape, its role as a strategic asset class is reaffirmed, offering investors a hedge against economic uncertainty and a gateway to potential profits in an evolving market environment. As the bullion boom gains momentum, silver stands at the forefront, ready to seize opportunities and pave the way for lucrative returns for savvy investors. Amidst shifting market dynamics and economic uncertainties, silver ( TVC:SILVER ) remains a steadfast symbol of resilience and wealth preservation, beckoning investors to embark on a silver-lined journey towards financial prosperity.Longby DEXWireNews2
XAGUSD - 1H - ABCD PATTERN - LONG POSITIONIn this chart we have spotted ABCD pattern with the help of fib retracement as it break Point D we also engage a SELL STOP order as well.Longby shahrukhshafiq0
SILVER Set To Fall! SELL! My dear friends, Please, find my technical outlook for SILVER below: The instrument tests an important psychological level 23.742 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 - 23.311 Recommended Stop Loss - 23.928 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals221
SILVER First Down Then UP! Buy! Hello,Traders! SILVER surged up rapidly And is now making a Local bearish correction But after a retest of the Horizontal support level Of 23.3$ I will be expecting A bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals1110
XAGUSD : Aiming for New HeightsXAGUSD Weekly Chart: Silver's like a rocket that just blasted above the the 21 EMA, showing us the uptrend is getting serious. No (200 SMA) here yet, so the path up is pretty open. 4-Hour Chart: It's like Silver took a quick break after a sprint. It's chilling right below 24.486, which is the tough resistance level—it needs to break through to keep climbing. Entry Point: A smart spot to jump in? Right where the price might bounce back up around 23.660, near the 21 EMA on the 4-hour, also matching the weekly chart's vibe. 🎯 Take some profit at 24.486, where Silver has to fight resistance. - Second Stop: If things keep looking up, aim for the next level 👉🏽 25.914. Risk Management: Don’t forget to place a stop-loss—think of it like your safety net—below the recent lows or at 23.497. TL;DR: Buy around 23.660, aim for 24.486, and then maybe 25.914. Protect your trade with a stop-loss, and don’t bet the farm on one go.Longby SheenaL1
xagusd#Silver - H1 📣 Looking at the 1-hour timeframe, with the break of the downtrend around 22.81, there is an expectation for price growth towards the range of 23.20. ⛔ Stop Loss: 22.50 On the other hand, with the break of the 22.50 range, one can consider selling with a target of 22.00. ⛔ Stop Loss: 22.81by FOREXIRUpdated 2
Silver outlook solid for 2024Gold breaking out while silver tries hard to break resistance. Once it breaks I think silver is bound for an aggressive move up. Silver has took the patience away from many, who are bound to sell on smaller time frames. In my view, they will be left out.Longby Barrenbull0
XAGUSD LONG BUY Hello everyone, I'm buying the XAGUSD and aiming to take profit at 24.866. by InfiniteY4
SILVER - NEW BREAKOUT 🚀Hello Traders ! On The Daily Time Frame, The XAGUSD Reached a Support Level (22.27700 - 21.88300). The Price Formed a Rectangle Pattern. The Resistance Level is Broken. So, I Expect a Bullish Move 📈. ------------ TARGET: 24.16000🎯Longby Hsan_BenhmedUpdated 558
SILVER: Short Trading Opportunity SILVER - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell SILVER Entry - 24.182 Stop - 24.610 Take - 23.330 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals1113
Sideway corrective structure (second possibility)Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody Possible idea in silver bull market Longby mehdi47abbasi799
Possible idea in silver bull marketGreetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody Longby mehdi47abbasi797
XAGUSD BUY XAGUSD - Long View Trade Reason : 1 .Market Stay in Day Support Level 2 .4 hr Channel Breakout 3. Trend Reversel Confirm . Entry - 22.72852 Target - 23.41600 Stoploss - 22.27500 Thank you .. Longby Dreamtrader00Updated 1
Silver- Will it catch up with Gold?Similar to Gold, Silver also began the year poorly. After finding support just under $22, it started trading in a range. A few hours ago, the price managed to break above the range's resistance, indicating a bullish outlook. However, unlike gold, silver has lagged behind in its performance since the start of the year. In my opinion, this gap will be filled, and we can expect the price of silver to reach around $25 soon. I'm looking to buy dips, with the price at the beginning of the year as my target.Longby Mihai_Iacob15
SILVER (XAGUSD): Important Breakout 🪙 Silver successfully violated a resistance line of a wide horizontal trading range on a daily with a strong bullish imbalance. It may indicate the dominance of the buyers and a strong bullish sentiment. The market may reach at least 24.0 resistance soon. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader119
Precious Metals Broadly Higher!Following the US cash open, we can see precious metals have been broadly bid today. The price of spot gold (XAU/USD) and spot silver (XAG/USD) are +1.7% and +2.8% higher, respectively, at the time of writing. Despite UST yields advancing and the Dollar Index offering very little, both gold and silver are outperforming! Resistance is limited on gold, paving the way forward to challenge those all-time highs around the $2,150ish neighbourhood. Technical Picture for XAG/USD As for the price of silver, technical studies show longer-term price action nearing weekly resistance formed between $24.48 and $24.03. This follows a rebound from weekly support at $22.16 in mid-February. Drilling down to the daily timeframe, we can also see silver offering interesting price action. On the one hand, we have a complex inverted Head and Shoulders pattern in play; the left shoulder resides at the low of $22.47 (11 Jan), the double heads can be located around the lows of $21.91, the right shoulder can be found at the low of $22.27 (28 Feb) and the neckline is extended from the $23.53 12 January high. For chart pattern enthusiasts, you will also acknowledge the double-bottom pattern formed from the heads of the complex inverted Head and Shoulders at around $21.91 (the neckline for this pattern is found at the high of $23.32 ). However, in order for price to reach the double-bottom pattern’s profit objective at $24.71 or the inverted Head and Shoulders pattern profit objective at $25.07, we would need to probe current weekly resistance. From the H1 timeframe, recent movement overthrew resistance at $23.52 (now marked support) and cleared offers for a possible approach to resistance from $23.97. What’s interesting here is this H1 resistance resides a whisker south of the weekly chart’s resistance zone highlighted above between $24.48 and $24.03. XAG/USD Bulls to Remain in Control? According to the weekly, Daily and H1 timeframes, bulls are poised to remain at the wheel at least until reaching the H1 resistance/weekly resistance zone. Once, or indeed if, we reach the aforesaid resistances, sellers could make a show. However, should further buying beyond the resistance levels come to fruition, the area between the double-bottom pattern’s profit objective at $24.71 and the inverted Head and Shoulders pattern profit objective at $25.07 would likely be seen as the next upside objective. Longby FPMarkets0
MAJOR move starting IMOGet it while you can...this is about to take off in my opinion!Longby ConservativeOne12
SILVER. reached at his resistance area? holding or not?#SILVER.. market just reached at your resistance area, that was mentioned in my video , keep close it because it will play key role in next move. if market hold it then drop expected from here otherwise not at all. good luck trade wiselyby AdilHussain7313331
Silver $: time for some bullishness?A price action above 23.00 supports a bullish trend direction. The conflux of the 200-day and 200-week simple moving averages acts as a critical pivotal point. This level also overlaps with its 50% Fibonacci retracement level. The target price is set at 24.50. The stop-loss price is set at 22.50. Ideal win/loss ratio.Longby Peet_Serfontein1
SILVER Technical Analysis! SELL! My dear friends, SILVER looks like it will make a good move, and here are the details: The market is trading on 23.361 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 23.033 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Shortby AnabelSignals2210
Strifor || SILVER-27/02/2024Preferred direction: BUY Comment: Despite the fact that gold is a more comfortable instrument for entering a long position among metals, long for silver is nevertheless considered. It should be noted that at the end of yesterday there were good hints of a long position. All that remains is to wait for the close above the level of 22.66582 (scenario №1). The limit buyer began making its presence known on Tuesday. Less likely scenario №2 remains as Plan "B" . We fix the growth target at the level of 23.32250. Thank you for like and share your views!Longby Viktor_strifor_analystUpdated 115