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SILVERHey everyone, i thought i would share my idea on silver. Silver has had 2 x ATHs in its history. Both times hit at about $50 Once in 1980 and the othjerr 2011. I think silver is well undervalued and think it could easy hit its ATH but this time will set a record new ATH. Ive kept my anylisis simple on this one, just basic support, resistance, trendlines and moving averages. So firstly the measured move from 1976 to 1980 played out from 1995 to 2011. I now have set 2 more measured moves, the big one in green and the smaller one in blue. The small measured move would take us to $50 ATH but then with a retrace its probable that it will hit new ATH. But a bit of confluence would be the 200 MA it is trading above it and the moverages averages are getting tightly squeezzed, due a move up. Another confluence would be the cup & handy thats been forming since the last ATH in 2011 its in its handle right now which looks to me is ready to break out to the upside. As i always say this is all probability, and definetly not financial advice :)
TVC:SILVERLong
by Crypto_SUP_Surfer
Silver - Are you ready? Hi, this is my new update for Silver. This week we got a big green weekly candle (+10%). We lost a big support level 2 weeks ago around 21.50$ and now we are above it again, I think that was beautiful bear trap. Right now we have smashed all daily and weekly moving averages and we are getting back the bullish momentum on daily chart. Another thing that is bullish in silver chart is that we are in a bullish expanding triangle and I expect we are going to break both the trendline and the the resistance around 24.40$ on this wave.
TVC:SILVERLong
by GOAT1375
Silver's Price Outlook: Targets for Uptrend and Downtrend ScenarThe resistance level at 67160 is a critical level for silver's trend, as it will determine whether the current uptrend will continue or a downtrend may be expected. If the price manages to break and sustain above the resistance level, it suggests a continuation of the uptrend, with potential upside targets at 68360 , 68760 , and even as high as 69300+ . However, it's important to note that these targets are not guaranteed and depend on the price's ability to overcome the resistance level. On the other hand, if the price fails to break above the resistance, we may expect a potential downtrend. In this scenario, downside targets may include 65600 and 65060 below the critical resistance level.
MCX:SILVER1!
by freestocktips
Silver: Profit can be made by short selling in this area Time is fair. Whether you are lazy or hardworking, time will gradually give you the answer that belongs to you. Those who cherish time will be cherished by time! Currently, the pressure on silver is concentrated in the 21.5 area, where short selling can still be repeated. Silver has not followed the recent rise in gold prices, largely due to previous pressure. Currently, silver is more closely following the trend of commodities, similar to oil. After all, there will only be industrial demand in the later stages of economic recovery. At present, it is still in a period of economic recession, so there is naturally no significant upward movement. However, after the stabilization of gold adjustments in the later stages, if they both rise simultaneously again, silver's rise will definitely be greater than gold's. Furthermore, there is a possibility that the dark horse will continue to test historical highs in the future. Currently, short selling is still recommended at the 20-21 area with a stop loss at 22, and long positions can be tentatively initiated in batches near 19.5.
COMEX_MINI:SIL1!Short
by triumphing
Understanding the Gold-Silver RatioThe gold-silver ratio is a key metric that traders use to assess the relative value of gold and silver. The ratio is calculated by dividing the price of gold by the price of silver and is used to determine whether one of these precious metals is under or overvalued. Effectively, the ratio tells you how many pieces of silver you could purchase for one piece of gold. By understanding the gold-silver ratio, traders can gain insights into the relative strengths of gold and silver and make informed trading decisions about which metal to trade and when to enter or exit positions. The gold-silver ratio has been used for centuries as a measure of the relative value of these two precious metals. Historically, the ratio has fluctuated between 47 and 80, with a higher ratio indicating that gold is relatively more expensive compared to silver, and a lower ratio indicating that silver is relatively cheaper. For example, if the gold-silver ratio increases, with gold prices rising faster than silver prices, traders might conclude that gold is overvalued, and that silver offers better value at that very moment. In contrast, if the gold-silver ratio were to decrease, this could indicate that silver is overvalued. This is not necessarily true, but it is one conclusion to draw. But, by keeping a close eye on the gold-silver ratio, traders can make decisions about which metal to buy or sell based on its relative value. The gold-silver ratio can also provide insights into broader market trends. For example, a rising ratio may indicate that investors are becoming more risk-averse and seeking the relative safety of gold. Conversely, a declining ratio may indicate that investors are becoming more optimistic about economic growth and taking on more risk.
BLACKBULL:XAUUSD
by BlackBull_Markets
2
Silver - Beautiful Support Level Hi, this is my new update for Silver. On 9th may 2022 we broke important support level 21.60 - 22.10$ in Silver and after ranging below it for 210 days, we finally broke the resistance on December 1st. In the last couple of days we are testing it, to see if it holds as support level again or not. I expect that we are going to hold the support level, because at the same time we have 100 and 200 days moving averages near the support level, we have also 50 and 200 weeks moving averages, so we are little bit to lucky :) Another thing we're looking at is that we are in a bullish expanding triangle and at the same we are getting back the bullish momentum in monthly timeframe for the first time since 2021. We have to be cautious too, because if we break the support level, I expect we are going much lower than 20$.
TVC:SILVERLong
by GOAT1375
1
Silver -> The Bounce Is InevitableHello Traders, welcome to this free and educational multi-timeframe technical analysis. The last three weeks Silver perfectly tested a quite obvious previous weekly support zone, which was now turned resistance and with this weeks candle the market finally rejected the zone towards the downside. Considering the fact that we are now testing an insanely strong weekly support zone, I do at least expect a short term short covering rally towards the upside, after Fridays harsh dump towards the downside. From a daily perspective we are also close to retesting previous support, so I am now just waiting for a deeper retest of the support zone, before I will then enter a long position on Silver. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAGUSDLong
by basictradingtv
44
Silver Multi-Timeframe Analysis 30.01Hello Traders, welcome to this free and educational technical analysis . Silver is currently testing a very strong weekly support/resistance area amd after this massive runup there is the possibility that we will see a short term correction away from the zone. On the daily timeframe you can see a beautiful distribution phase, where the market is starting to create lower highs and lower lows, so I am now just waiting for a break of the very strong previous support zone and then a retest, and then I will definitely enter a short to capitalize on the continuation to the downside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAGUSD
by basictradingtv
41
The Road to $80 for SilverThe silver market began the initial subwave of a new, major impulsive wave, marked as the third in a sequence. This cyclical pattern can be traced back to the year 1932, with the completion of wave one in 1968, the corrective wave two in 1971, the impulsive wave three in January 1980, the corrective wave four in 1991, and ultimately, a truncated fifth wave that reached its peak in April 2011. This entire sequence can be considered as the first impulsive wave in an even higher degree. The second corrective wave ended in March 2020, with support being found at the 0.236 Fibonacci level. Currently, silver is preparing for what is expected to be the most explosive and unpredictable impulsive wave three in a very long-term scale. Resistance points include: — $24.69 (0.382 Fibonacci extension) — $26.55 (0.238 Fibonacci extension) — $31.99 (0.382 Fibonacci extension, last wave) — $43.73 (0.5 Fibonacci extension, last wave) — $45.29 (0.382 Fibonacci extension level) — $49.83 (all-time high) — $59.77 (0.618 Fibonacci extension, last wave) — $83.11 (0.618 Fibonacci; golden ratio)
TVC:SILVERLong
by joerivdpol
All silver traders need to watch these six data points It's important to stay informed about the market and various data reports that can affect silver prices. Here are some key data reports that traders should watch when trading silver: 1-Gold-silver ratio: The gold-silver ratio is the number of ounces of silver that are needed to purchase one ounce of gold. A high ratio indicates that silver is relatively cheaper compared to gold, while a low ratio means that silver is relatively more expensive. Traders can use this ratio to assess the relative value of silver and make informed buying and selling decisions. 2-Industrial demand: A significant portion of silver is used in industrial applications, such as electrical conductors, batteries, and medical equipment. Therefore, changes in industrial demand can have a significant impact on silver prices. Traders should watch for data on industrial production and manufacturing activity, as well as any news that could affect the demand for silver in these industries. 3-Investment demand: Silver is also used as a safe haven asset and can be bought and sold as a form of investment. Changes in investor sentiment and demand for silver as an investment can have a significant impact on prices. Traders should watch for data on investment demand, such as the level of silver holdings in exchange-traded funds (ETFs) and the level of silver bullion held by central banks. 4-US dollar strength: Silver prices are often inversely correlated with the strength of the US dollar. When the dollar is strong, silver prices tend to be weaker, and vice versa. This is because a stronger dollar makes silver more expensive for buyers using other currencies, which can decrease demand and lower prices. Conversely, a weaker dollar can increase demand for silver and push prices higher. Traders should watch for data on the value of the dollar, such as the US Dollar Index, to assess the strength of the currency and its potential impact on silver prices. 5-Inflation expectations: Silver is often seen as a hedge against inflation, as its value can potentially increase as the purchasing power of money decreases. Therefore, changes in inflation expectations can affect silver prices. Traders should watch for data on inflation, such as the Consumer Price Index (CPI), to assess the likelihood of future price increases and their potential impact on silver. 6-Interest rates: Changes in interest rates can also affect silver prices, as higher interest rates can make it more expensive for traders to hold silver and other commodities. This can decrease demand for silver and put downward pressure on prices. Conversely, lower interest rates can make it cheaper to hold silver and increase demand, potentially pushing prices higher. Traders should watch for data on interest rates, such as the Federal Reserve's benchmark rate, to assess the impact on silver prices.
BLACKBULL:XAGUSD
by BlackBull_Markets
Silver hit our target and ready for the next rally to $27.00 in 2022, Silver hit our target price of $24 this was due to a break up and out of a Triple Bottom (3 Rounding Bottoms). Now we see a new Bullish Diamond formation on Silver. We just need to wait for breakout Target $27.00 Fundamentals: Analysts predict that gold and silver will perform well in the new year as the Federal Reserve is expected to cut interest rates in the second half of 2023. This is due to the belief that a recession is imminent, which will reduce inflationary pressures and lead to falling interest rates. Chief North America economist Paul Ashworth of Capital Economics stated that despite the Fed's current hawkish stance, they still expect interest rates to decline by the end of 2023.
COMEX:SI1!Long
by Timonrosso