The further I look back on the Silver chart, the more I am convinced of this scenario (though it is not guaranteed), and I see $27.70 (ish) as a strong support level. If it holds, I see ~$33 as the next movement. I go strictly by the charts. Politics and Monetary Policy could affect this scenario GREATLY. DYOR. Trade Slick.
XAG/USD is how silver is labeled for spot trading on the foreign exchange market. Silver (XAG) is traded against the US dollar (USD), so its price shows how much one ounce of silver is worth in USD.
XAGUSD - SHORT, if the market make corrective structure upwards then a drop will come, or if the market make corrective structure downwards the one more push up will come to tha the last high, before the reversal, trade with care
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
The rally ends and falls towards 10.Silver has skyrocketed along with gold, but silver is not scarce. If the Fed does not cut interest rates today, it will be suppressed.
hopefully take 1 week to reach $30 and 1 month to $34
Technically, there is a cup handle pattern on the daily chart, and if it works, it is likely to see the $30 top. It is never investment advice.
Silver (XAGUSD) easily broke through the 25.000 Target we set 2 months ago (February 15, see chart below) and invalidated the Triangle pattern as it is entering into a new long-term Bull Cycle: This was achieved as it broke above the 2-year Resistance Zone 1 and the Triangle transitioned into a Channel Up. Last week it hit Resistance Zone 2 and technically we...
Might be wrong. I am not sure where markets are going for the moment. I'm still risk on and I think bullish continuation should happen from here. TVC:VIX is boiling 🥵 Something is gonna happen. Placing my chips on the risk on continuation. Good luck traders. This is not financial advise. Always do your own research.
Hello,Friends! SILVER pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 10H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 27.403 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Please, check our technical outlook for SILVER. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 28.764. The above observations make me that the market will inevitably achieve 27.302 level. P.S Please, note that an oversold/overbought condition can...
Silver has given a strong impulsive break out from the long term trendline resistance after long accumulation phase. Big volume candles since July 2023 confirm healthy accumulation by strong hands. Currently price is in Primary Wave 3 which can end somewhere near 66 level. A potential gain of 135% by end of this year. Wave 5 target is around 87-88 levels which...
#SILVER... market just at his today supporting area 28.13 Keep close It guys, If market didnot hold it then drop expected below that area, Keep close and only short below that level otherwise not at all.. Good luck Trade wisely
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too. ❤️ Please, support our work with like & comment! ❤️
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed Impulsive Waves " 12345 " Rising Wedge as an Corrective Pattern in Short Time Frame Rejection from Resistance Break of Structure and Retracement Fibonacci Level - 461.8
Plenty of chart patterns warning of an intermediate top in Silver after an incredible bull run. $30 will continue to act as resistance with a head and shoulders top target of $25-26 and likely 50% to 61.8 retracement before we can look to signs of a continuation of this bull run,
After China has released GDP data which was pretty good for the Yuan. Silver was at $29 and the data push down the price to $28.6. How, price has recovered in no time which gives a strong indication that silver most probably will reach $30 ISA when mark opens in the US.
Silver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 27.94 which is a pullback support. Stop loss is at 26.70 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 29.78 which is a pullback resistance. High Risk...