Silver - Breakout looming? Silver is looking very interesting here. In my opinion, 26.60 (yellow downtrend) needs to be broken for a continued move higher. Should this play out, upside targets are 28.30 and 30.00 Stop loss on this trade would be a close below 25. Longby Trad3r_162
Silver With The Most Important Breakout Of The Last 3 YearsSilver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, that's a very big triangle that can be coming to an end as metal is turning higher now and breaking the IMPORTANT trendline resistance of this contracting range. Ideally, A-B-C-D-E pattern is finished, so be aware of more upside, especially as a structure away from 21.90 looks impulsive, with no overlaps. However, there can be some retracement within recovery, maybe new fourth wave is already around the corner as silver can slow down a bit at the end of blue wave 3. Support on dips is around $25. GHLongby ew-forecast7
is this feakout or breakout but sentiment are so highwhite line broken we have possible triangle pattern in blue lines silver made bottom ahead of gold for fed pivot you can say silver is light year head of fed decision for next fed fomc watch if breakout sustain or fakeoutShortby Sangam-Agarwal4
Silver (XAGUSD) Moves W/MHey Traders, If you are looking at Metals Markets you may be considering Silver Entries. You can note Strong PA / Rejection historically across the board at current levels. Looking for long entries on long bias. Long03:04by WillSebastianUpdated 2216
Silver Forecast: A Potential 10,000 Pip Surge on the Horizon!I understand the title may seem bombastic and possibly clickbaity, but in my view, there's a solid case for OANDA:XAGUSD potentially rising by $10 in 2024. Here's why: Observing the chart, unlike OANDA:XAUUSD , Silver has been trading within a range for precisely a year now, failing to establish new highs. However, on a positive note, since the pandemic low, the price has been forming higher and higher bases, suggesting the potential for building upside momentum in the longer term. From a strictly technical standpoint, as mentioned, we've been stuck in a range for over a year, with a clear resistance level around the $26 zone. If the bulls manage to break above this significant level, considering the one-year-long accumulation, I believe we could witness an explosive rise that might propel Silver to $35, with a potential pit stop at interim resistance around $30. Longby Mihai_IacobUpdated 8821
XAG gearing up to take over the lead charge of the XAU breakoutThis was supposed to be tomorrow's post but since it looks as if the breakout could be underway as I'm typing I'm going to make it right now I'm annoyingly accurate and can see things in the market that nobody else can so at this point if you aren't following me here you basically hate money Some very notable calls in recent years: SPREADEX:NIKKEI and TVC:DJI both to 40k (over 1y in advance) CRYPTOCAP:BTC pico bottom at 15k and recent local top at 70k FX:EURUSD pico bottom & TVC:DXY pico top at 115 TVC:USOIL pico bottom at 68 NASDAQ:SMCI mega breakout at 100 NASDAQ:NVDA mega support at 120 NASDAQ:TSLA pico bottom at 105 NASDAQ:NFLX pico bottom at 165 by markusraffertyUpdated 1
silver ready to higher high (read caption)hi, trader what do you think about Silver Silver now is ready to new higher high silver is break down 2 time 24.374 and pullback to 25.000 Now market pullback to 24.700. or 24.500 then market jump to 25.800. and 26.000Longby Alexview009Updated 4
Is Silver heading to ATH?Gold has a new ATH , Silver just broke de resistance of 25.7 on 4h chart ,but on the monthly chart I see it going to ATH and this could happen with June when Fed will cut the rates and it will send the price of Silver maybe to a new ATH.Longby cosmin_the_best1
XAGUSD A rumbling in the belly of the beast. If Silver breaks recent high at B, then targets N, V and E are within reach. Let's do itLongby ThegreatomskiUpdated 227
Silver lags gold in ongoing rallyGold has really sprung into life over the last six weeks. In mid-February it was trading below $2,000 per ounce. Now it is over $2,250, registering a gain to date of 14%. Bear in mind, these gains have come even as the dollar is effectively unchanged over the same time period. And perhaps even more impressively, the Dollar Index has added 2.6% over the last three weeks, while gold has gained over 4% at the same time. This should be seen as a big wake-up call for all those who insist that there’s a negative correlation between the two. The fact is, as with most correlations, they work until they don’t. And at the moment, they don’t. Silver has also woken up recently, and was sharply higher this morning. It is closing in on $26 per ounce, a level which has acted as resistance for over two years now. If it can break above here this week, it could act as a strong reminder that silver is severely lagging gold’s gains. Bear in mind that while we’re seeing new record highs for gold, silver is a long way short of its own all-time high just shy of $50 from back in April 2011. But investors should be mindful of silver’s incredible volatility, and that trading it is not for the faint-hearted. The chart above shows resistance around the $26 per ounce level. It also shows the upwardly-sloping trendline which has been building since September 2022. It’s encouraging to see that although the daily MACD is quite elevated, there’s a negative divergence which can also be add weight to the bullish viewpoint. by TylerNorcross2
Silver about to breakout?If this inverse head and shoulders pattern plays out, expect another leg up to follow shortly thereafter. Not investing advice.Longby WavesPatternsCandlesIndicators2
Silver WeeklyShort Term Targets are ~23 usd I expect price to hit within the next 5 weeks. Also looking for a trip to 20-21 usd range to fill a monthly gap. Overall I am bullish on silver.Longby MikhiavelliUpdated 1111
XAGUSD, Ascending Triangle, Pullback & Breakout PossibilityXAGUSD is currently trading within an ascending triangle pattern. The resistance level of the ascending triangle has acted as a pullback area four times. The price is currently at the resistance level of the ascending triangle, therefore there is a possibility that a fifth pullback will occur. Ascending triangle pattern has a bullish bias, so there is a possibility that the price will upward breakout. The price is currently consolidating within this area. This means that it is bearish for the short-term, neutral for the mid-term, and bullish for the long-term.by DNP-FX4
silver quarterlyNow that #Silver closed above its pesky long term descending breakout line on the quarterly chart... It can try to build on that momentum to create a new higher high above the horizontal wall at 27-28$. It already has a higher low. higher high + higher low = uptrendby Badcharts6
Silver x2Silver has a very high probability chance to make an x2 from current price, gold is already breaking ATH and Silver most of the time follows Gold.Longby manelfx1
XAGUSDXAGUSD price is in the correction period at the support zone 24.76-24.48. If the price cannot break through the 24.48 level, it is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Longby Serana2324Updated 7
XAG | XAGUSD | SILVER 4 Months - on Breakout XAG | XAGUSD | SILVER 4 Months - on Breakout Siver trading above closing above last 4M candles.. Closing/Trading above Tp1 will open tgt for Tp2.5/5Longby XDataAnalyst2
Silver ForcastSilver has been trading within a range for precisely a year now, failing to establish new highs. However, on a positive note, since the pandemic low, the price has been forming higher and higher bases, suggesting the potential for building upside momentum in the longer term.Longby fikehdr2
XAGUSD-LongTrend continuation is expected for silver, but watch out for the strong dollar.Longby Vitezabraham2
SILVER A Fall Expected! SELL! My dear subscribers, My technical analysis for SILVER is below: The price is coiling around a solid key level - 24.924 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 24.722 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK Shortby AnabelSignals111
Five and three pattern! Or the beginning of the third wave of a 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 The beginning of the third wave Longby mehdi47abbasi798
XAGUSD - plan seems working, short idea in gameGuys if you will look to my previous post about SILVER you will find as predicted price went to upside , now i am waiting for more up and then price will be in seller's zone. I am not waiting more price spike before correction.Shortby traderstube1
SILVER BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! SILVER pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 24.087 area. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals112