Good Day, Fellow traders and followers, IS SILVER ABOUT TO TO GO BONKERS?!?!?!? This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!! First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's...
If silver breaks above its previous highs against the dollar, it could trigger a surge in investor interest, pushing prices even higher. If the WSB / NYSE:GME / NYSE:AMC deigns realize how much open short interest is on Silver, we could see a massive run to new ATHs for Silver per Oz. Pay attention to Derivatives like AMEX:AGQ , which touched close to $800...
Esteemed Members, We anticipate the possibility of silver reaching $50 by the conclusion of 2024, marking a substantial increase of approximately 75%. To delve deeper into the analysis supporting this forecast, kindly refer to the accompanying video below. Wishing you all safety until we meet again. Please remember, the information provided is not intended as...
Silver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 28.68 which is a pullback resistance. Stop loss is at 29.15 which is a level that sits above a pullback resistance. Take profit is at 27.63 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. ...
Long term Charts. this will be the best trade ever.
On this commodity, we are at an historical level with a potential huge correction on the next weeks/months. While we are bellow the 30.0 level the scenario is valid, otherwise, if we start to break the last short terme high, I except a move till at least 35.0 very quickly. This trade is a very small risk for a big R:R. If the trade fail, I will then only look into...
Preferred direction: BUY Comment: Against the backdrop of the upcoming news week, metals in particular are best viewed from a medium-term perspective. Here, for silver , the most likely scenario seems to be the formation of accumulation and then growth towards a local maximum of 30 exactly ( scenario №1). We also designate Scenario №2, and it is mainly...
XAGUSD - SELL It is a clean structure the market can drop from this level, keep an eye on it, we risk 1% or less and always use SL. wait for the sell setups to enter. V.Ragu
Silver 30 year Cup & handle break out. Is the silver squeeze finally happening? Credit to @EdTheLorax calling it
👁️ OUTLOOK 5hr chart: 30m chart: Context 5hr: Price is currently in a re-accumulation, and surfing above the 10,50,200emas trending towards 29.79800. Validation 30m: Price is looking pretty good, re-accumulating above the 200ema. Needs a bit of time to go back above the 10,50ema so give it some time to show you that money is coming in the market once again....
SILVER has trimmed it's price significantly to multi week lows. The overextended correction is a good opportunity for possible reversal prospect. KEY NOTES: Daily FIB is at 61.8 level -- buyer's key demand area. Currently bouncing off this level with precision. Histogram higher lows. Daily Higher lows -- firm ascending support lines. TRI-MONTHLY higher lows -...
SILVER - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short SILVER Entry - 28.502 Sl - 29.030 Tp - 27.566 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
We are looking at Silver approaching the extension. This is a solid area to start looking for SWING SELLS on Silver. Share your thoughts below. The Professor
the market broke multiple structure to the upside and possibly change direction
A lot of folks including myself have been watching the GME squeeze, but I think Silver warrants some attention as well.
Frankly, $70 Silver does not sound crazy to me. I don't do advice; I only do patterns. DYOR. Trade Slick.
In the world of precious metals, silver is currently experiencing a significant uptick in prices, signalling a bullish trend. Technical analysis reveals strong momentum indicators like the RSI, along with bullish chart patterns and increasing trading volumes. This surge is fuelled by factors such as inflation concerns, geopolitical tensions, and rising...