Silver botu scenariosSilver can go any side but before taking a position we should wait until it breaks any line and after that we can confirm it is bullish or bearish of course with risk management.
Silvercharts
Silver Price Movement Breakdown Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The XAGUSD price has broken out and dropped from 25.96 to 22.08 in the last couple of days near a 14% drop in price, the Market was trending in a downward channel but it has been broken on Aug 9 where the price dropped from 24.31 and created a long shadow Bearish candle and hit the 22.10 range. The XAG/USD has a critical support around $23.20. A break lower would expose the $23.00 area that if broken, should trigger a bearish acceleration.
The market price was able to stabilize a bit after that drop and it's trending 23.55 right now.
We can notice a couple of scenarios for the market price movement for the next few days.
Scenario 1:
The Market price is trending at 23.45, near the first support level at 23.27 the Bulls will try to gain control back but most likely they will fail and the price will drop even more and its gonna be headed near the major support area at 22.84, where the real battle between the Bulls and Bears will be. If the Bears were able to keep control then a further drop in price will happen.
Scenario 2 :
The market price is trending at 23.45 if the Bulls were able to get some support behind them then we could be seeing the price going up and hitting the first resistance line at 23.70, Then The Bulls will test the bears strengths at that level, if they fail and the bears took control then we will see what's happening in Scenario 1 come to life, If the bulls were able to break that resistance level then we could be seeing a small bounce back up near the 24.13 level.
Technical analysis showing :
1) The Market price is below the 5 10 20 50 100 200 MA and EMA, Strong sell signal
2) The MACD below the zero line showing that the market is in a Bearish state, with a negative crossover between the MACD line and Signal line.
3) The ADX at 37.25 showing that the market is currently trending, with a negative crossover between DI+ (10.59) and DI- (41.77).
Support & Resistance points :
support Resistance
1) 23.275 1) 23.705
2) 23.025 2) 23.885
3) 22.845 3) 24.135
Fundamental point of view :
Silver is marginally lower on Tuesday, as it remains far from the $22.10 bottom of the crash it suffered on Monday. During the American session, XAG/USD bottomed at $23.22. The metal again was able to find support around the $23.20 area and bounced to the upside.
The upside in silver remains limited despite gold rising almost $10 in a few minutes. Silver is following gold with the recovery but at a slower speed. Both metals managed to recovery despite higher US yields but were supported by an improvement in risk sentiment.
Volatility eased during the last hours but is set to remain at extreme levels on the coming session, even as metal stabilize. On Wednesday, inflation data from the US is due, and it will be watched closely as it could affect expectations about Fed’s monetary policy.
After the sharp decline on Monday, the outlook is still bearish for silver. In the very short term, a break above $23.45 (downtrend line) should alleviate the bearish pressure, and would clear the way for a test of the daily high at $23.68. According to fxstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Silver Ascending TriangleSilver is forming a 12 month Ascending Triangle Pattern, a break above resistance will signify more upside.
XAGUSD (SILVER).......SELL NOW
If have small balance to trade. plz avoid SILVER trade now.
Because market highly volatile.
📊 Trade Accuracy 80% 📊
📊 Follow Proper M.M & Use S.L 📊
Silver, the future.Silver looking really stable across all time frames. In the top left you have the hour format, top right is the day format, bottom left is the week, and bottom right is the month. The future of energy never looked so cheap.
SILVER forecast - went into correction mode and might extend furSilver is witnessing quite a huge dip today,
opened gap down below the support area, seeing further massive sell-off , this correction might extend further as i see a probability of cypher pattern on the daily chart and the support of cypher pattern also aligns with weekly support around 64810- 63000.
Hence , even if we se any rally in the coming trading session , it might get consumed in another selloff.
Conclusion : short term trend is definitely bearish, but intermediate and long and long term trend is still bullish, so as a investor one can wait for 65000 - 63000 levels as an investment zone.
Silver... The buy of a lifetime!!If you have missed out on bitcoin or feel your position is not as strong as you want, or perhaps you want to diversify a little.
By simply looking at this chart and understanding chart patterns you can see that silver over a forty year period has been forming an almost perfect cup and handle formation. The cup and handle is not confirmed yet and may take another year or more before confirmed. I assure when it does we won't be talking about $30 $40 $50 silver anymore as it will go well into triple digits. Any buys under the price point of $50 usd will be laughable. The problem with a waiting for confirmation strategy is that might be hard or near impossible to take possession of physical deliver of silver.
The highland oval of the RSI shows that Silver is clearly in a bull market (still very early) as it broke through the 60 on the RSI and has held it as support.
Once the $30 level (final true resistance) is broken there is a smaller resistance area at $35 to $36 usd and then $50. The confirmation of this chart pattern comes only when previous all time highs (resistance) is passed and retested as support. That point is around $49 to $50 usd
You want generational wealth? For me it's Bitcoin and Silver. Yes Silver over Gold.
All opinions shared here are my own and not financial advice.
Silver- Bulls need a clear victory above 28Since the beginning of April the price of Silver has risen by more than 20%.
Now the battle is given between 27 and 28 levels and we will have a winner soon.
I'm bullish in the medium term and I expect a break above 28.
30 is my target, but a daily close under 27 would deny my outlook
Silver forecast - break it or make itWe have a bit different situation in Silver. The flagging formations on the monthly chart failed more compared to Gold. In fact, in 2012 there was a clear depreciation in this market – flagging formation that broke to the downside; tight consolidation followed by the final breakdown. Certainly, it is too early to jump into this market, but in the case, we see a breakup in this market, bulls could target the 38 – 40 range.
Overall a lot depends on the dynamic of key economic indicators. It’s worth noting that inflation is growing quite rapidly in China’s manufacturing sector, which many economists warn could translate to higher costs for a wide range of goods across the globe. If inflation worries spread on major markets, the precious metals sector will shine and deliver amazing returns for qualified traders.
Silver to M2 Money Supply and the roadmap aheadLooking at the Silver to M2 Money Supply you can clearly see when the ratio bottomed and subsequently broke the preceding downtrend the silver price broke out and had significant booms.
If you take a calculated and measured move from silver's previously significant breakout and overlay to today's market you could conceivably see $60 silver by end 2023, and $200 silver by 2026.
What are your thoughts?
Silver Continuation Rocket Chart says it all
Watching below MA/SMMA for late entries
Trend line holding
Silver Launch Pad is Being SetSilver has long been a favorite of mine to trade. In the past few months, it has taken a nice breather creating what looks to be a consolidation pattern before an eventual move up. Gold seems to have created a double bottom this past week and I believe Silver is in the process of making a reversal from its recent slide down. f you zoom in on the daily chart, you will see a nice falling wedge reversal pattern forming. In the long run, I still expect Silver to push towards $100, but in the short term, $35 is our next target resistance level.
💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
A peak is formed in daily chart at 28.75 on 05 /18/2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 58.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Silver will crash any momentHi everyone,
Silver is preparing for another move down, target 19-17
wait for the breakdown and enter sells at the confirmation of break, watch lower timeframes for the entries
Good luck
Silver: Turning Point? 🔀🔀🔀We have reached the area around $28.935, where we expected the silver price to turn and move down South. If the price stays below that threshold there is no reason for us to change that expectation, though above that mark we would adjust the probability of the alternative scenario to 45%. In the longer run, we expect the silver price to fall below $24.04.
Want more? Follow us!
Silver - are u ready to buy?The price made a good squeezing near the key level and finally broke through it. I expect on retest to 26,65. Only in that case, I'll buy. Don't forget about SL.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Silver at Key Pivot Resistance!Sl1! Nice bull flag at strong pivot resistance zone, an uptrend, since March 31 lows actively riding as support the 9ema (blue line). Entry could be a 1-hour candle close above the .618 fib extension with the 9ema as support crossing the 28 levels. Also, consider another 9ema backtest - ascending trendline confluent if you connect a trendline from the swing lows. Same as the RSI, making higher highs and higher lows in this ascending trendline. Will be updating as we go. Sharing humbling my POV and will gladly discuss with anyone if we agree or disagree, I'm a Full-time Life & Market student, always learning! Best regards and Happy Trading! Keep it simple 😉
Future of Silver looking brighter again!As long it holds25.660, track the upside resistance / target levels as marked. Today's possible retracement levels are marked with light dotted lines.
Silver Sideways Make or Break Levels Will RevealAs Far As This is Concerned It's Educational Purpose But Watch For The Levels For Intraday and Positional I Think Silver Good Bet To Buy Above 70500 in Indian Markets
