Hello Traders,
I trust you are doing great and getting reading for the new trading week.
Here is my view on Silver.
To begin with, I will draw your attention to the monthly chart. Based on where I plotted my monthly OB, go and look at your monthly chart. Price mitigated the manipulation. Hence the rally. If you measure that bullish candle that price mitigated...
Finally Israel will start the ground attack tonight and gold already reacted by reaching the important 2000 area. Silver has the same setup as gold, but corrected deeper than gold. Please understand that this trade is risky, as the position is opened directly before the weekend and things can change rapidly.
Important resistances are: 23.5, 24 and 24.5
Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want...
SILVER
New forecast
Silver price trading settled above the 23.00 level after the strong upward rally witnessed yesterday, enhancing the chances of the continuation of the upward trend during the coming sessions and heading to visit the 23.49 level and stability above it that will reach 23.77 and 24.00.
therefore , the upward scenario will be remain valid and...
Silver has been underwhelming during these times of inflation and money excess. It could be setting up for a breakout higher after its consolidated for so long since 2020 spike near 30 dollars per ounce.
Historically, high rates have hurt and dampened metals as rates pull away capital from commodities. But with the effects of higher prices and costs, will higher...
Preferred direction: BUY
Comment: In silver, as well as in gold, we observed an upward impulse, which was just written about in the extreme trading ideas for gold. Now, most likely, there will be a slight pullback downwards, or accumulation. After which we will be able to observe continued growth. Here it should be noted that both gold and silver have good...
For all you screaming out there on the silver price, we still need to touch 20.00 one more time before we can have a breakout. Once that is done we will probably get our rise to 30.00 with a pullback to 25.00 and then back up to close to 50.00. This is not going to be a quick thing though. Look for this to take thru 2027 to complete the cycle.
Silver has tested this support level multiple times and rejected it. We can see that buyers are holding strong. SL and TP are marked. Not financial advice. Strictly follow risk management.
#SILVER.. market just break hi monthly high and also it was market resistance area that is hold form last decade,
keep close it because if it clear breakage then upside have much potential for silver..
dont be lazy here guys.
trade wisely
good luck
We are completing the price correction of wave 2 orB. I see the long-term trend is upward. I expect the upward trend of the price to start after the correction is completed.
