SILVER Amazing Repeating Rejection PatternLabelled A,B,C corresponding to the three rejection points
It is truly an amazing point comparison of rejection points, the best ive seen
Another point in the green oval can be seen also
Silvercharts
Silver Price Forecast - Cup & Handle In SightToday I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale.
After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern.
As the price took 40 years to get to this point, it will take time for a breakout. Assuming the price breaks out, the target price from this pattern is about $60. That would be a 146% gain. This may take more than a decade to happen though.
In 2011, the price created an all time high at around $50, but also created a shooting star candle which is bearish. This brought the price down to create the handle of the cup and handle pattern.
Lastly, the Fibonacci Extension level brings the target price to 1.618, which is the Golden Ratio.
Keep in mind that it took the price 40 years to get to this bullish pattern of cup and handle, so expect the price increase to take a very long to reach the target (unless of a catalyst event that may occur).
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Silver will hit $50 by Autumn 2022The time it took for silver to drop from $50 down to the consolidation phase was 770 days. I predict a similiar amount of time will be required to take the price back to old highs.
The rough arc pattern tends to agree and the major and medium support lines are keeping the price in control for now.
My expectation as inflation becomes uncontrollable, the silver price will explode next year and new highs will be made the following year.
BUY SILVER AROUND 66666 TGT 72300/76000 AVG@65000 SL BELOW 64000Silver is making a inverse head and shoulder on the daily chart and currently 200 Dma is a acting as resistance. If it sustains above the 200 DMA then we can have a breakthrough above the neckline for further bullish momentum.
Silver Bullish PatternAs it clearly seems,in short term AGXUSD emerged a head and shoulders pattern, so it would be a good bullish position by considering 22.5$ as LP an 28$ as TP. Also it has high potential to raise until 50$ if it breaks the channel and makes a flag pattern.
Silver- My target remains 28As you may have noticed, I'm strongly bullish Gold&Silver and in Silver cases, I draw attention to a possible H&S a few days ago.
At this moment the pattern is complete and we also can consider the neck-line broken.
I expect continuation to the up-side and only Silver back under 23.50 would change my bullish outlook
First Majestic: Happy! 🥰🥰🥰It is increasingly looking good for the First Majestic stock, as the price is further moving away from its support at $12.56. Below that mark, we would experience a decline under $10. However, we trust the bulls here to make significant advances and push the price above $33.
Silver is the new gold!
Silver May Test 26.50 / 26.80 after breaking above 24.80 Silver has closed above the long-term descending trend line that started in June 2021. But we need to wait till it breaks out above the 24.80/25 price zone for a long-term buy.
24.80/25 is identified as immediate resistance and double top price zone. Before June this year, when silver was above 28.80/25 price zone, it acted as strong support. Many times market-tested 24.80/25.00 price zone and silver bounced back to the upside.
So, as the market stays below the 24.80/25 price zone, we should enter the market after breaking above the 24.80/25.00 price zone.
So, breaking above the 24.80/25 price zone, our first target will be at the 26.50/26.80 price zone. There is a chance that the silver price may go to the downside correction from that level. In case, market breaks above the 26.80 price zone, our final target to the upside is 28.20.
On the other hand, from the present rate, immediate support is identified at 23.00. and low swing price is 21.50 price zone. So, as long as the market is above the 21.50 price zone, we should not sell.
Silver- Will it reach 28 by year's end. IMO, it willIn my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart.
As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance.
This resistance can very well be the neck-line of an H&S pattern and a break here would expose important 28 zone resistance.
IMO the end of the year will be bullish for PMs and also a long trade for XagUsd with 28 target would have a 1:3 R:R
Silver Market Bullish Divergence Hello everyone, as we all know the market action discounts everything :)
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Silver XAG/USD begins the week in a positive way, rising 0.97%, at trading at $24.54 but have dropped to $23.916 today and the market sentiment is upbeat, portrayed by rising US stock indices, recording gains between 0.12% and 1.01%, contrarily US T-Bond yields slide, with the 10-year note rate falling one and a half basis points, sitting at 1.639%.
Oscillators on the daily chart – though have lost positive traction – are still holding in the bullish territory. Hence, any further decline might still be seen as a buying opportunity near the $23.55 region. This should help limit the downside near the $23.20-15 strong resistance breakpoint.
A Bullish divergence has been spotted between the market and different indicators that show the potential for an upward movement in the market soon.
Possible Scenarios for the market :
Scenario 1 :
The market has dropped in the last 2 days from $24.80 to $23.88 this Bearish move has a small possibility to continue until it reaches the support line located at $23.16 where a battle will happen over control between the Buyers and Sellers over control, If the Sellers were able to win we could see a further drop that will reach the $22.33 level before gaining upward momentum.
Scenario 2 :
A Bullish divergence has been found between the market and the RSI, MACD which shows a strong potential for an upward movement happening soon that will be headed to the first resistance located at $24.78, and after breaking out that level the market will push to the second resistance line at $25.53.
Technical indicators show :
1) The market is above the 5 10 100 and 200 MA and EMA showing a good bullish movement for the long term and daily range but still below the 20 and 50 MA,EMA that indicates a small drop for the weekly range.
2) The MACD is above the 0 line indicating a Bullish state in the market with a positive crossover and a Bullish divergence.
3) The RSI is at 56.27 showing good strength in the market with a Bullish divergence that indicates a rise in the market soon.
Weekly Support & Resistance points :
support Resistance
1) 23.259 1) 25.109
2) 22.207 2) 25.907
3) 21.409 3) 26.959
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News 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- 28 could be swing trader's targetAfter the false break under 22 from the end of last months, Silver has started to rise and has broken above the descending trend line.
At this moment the price is slightly under 24.50 resistance and a break here could be bulls trigger for more gains towards 28 zone resistance
Interim resistance is at 26 and only Silver back under 23.50 would change my bullish opinion
Buy dips is my strategy
Silver Squeeze: Buy the DipLet's be real, Joe Biden is everyone's worst nightmare. But the inflation continues. And it's rapidly getting worse under the old guy with dementia. We need to find a better balance ⚖️ Where is the Justice? Bitcoin is crushing new ATH's right now, it's really just a measuring device for inflation and based on that measurement silver and gold are being badly manipulated. This is obvious fraud. Everyone knows it. When the IRS starts coming after we the people, it's time for we the people to demand and perform an Audit on them. GameStop and AMC proved without a doubt, what all those keyboard warrior, conspiracy theorists suspected. It's time we put silver and gold at it's rightful price. Send silver to $1,000. That'll get everyone's attention. $ASM my number 1 #SilverSqueeze play. 10x potential.
Silver Price Analysis: Market is heading to 26.00 price zoneA recent Federal Open Market Committee meeting showed that half of its members expected an interest rate hike by 2022. As a result, silver (XAG/USD) has been climbing recently, trading at $23.50 today with an almost 2% gain in one session alone.
All these factors aid silver's climb to new heights due to their correlation with gold prices and demand for industrial use. Due to the inflationary pressure in the economy, investors are thinking of reserve safe-haven asset silver.
The recent FOMC minutes revealed the pace at which QE will reduce. However, it was announced yesterday that would only be billion dollars cut each year instead of a 20-billion planned initially because inflationary pressures are more substantial than anticipated.
Gold and silver are getting a boost from the US stock markets, which is seeing an increase in safe-haven assets. The dollar has seen some weakness recently but remains high due to low-interest rates.
Bond investors fear about Europe's economy slowing down further than anyone had expected already with Greece's debt crisis not being resolved yet either. As a result, the USD is weaker against gold and silver. But the USD is still dominating most of the major currencies, except safe-haven currencies like JPY and CHF.
Technical View:
Right Now, the silver price is holding above descending trendline, the price nearly 23.40.
If the H4 candle can close above the 23.50 price zone and descending channel, it may test the 24.00 prices. Breaking above the 24.00 price zone, the next target is the 24.80 price zone. 24.80 is Fibonacci 50% retracement area.
So, the market may go for some correction from the 24.80 price zone. But if it doesn't, breaking above 24.80 will open the door for the 25.80/26.00 price zone.
I don't think the market will break above the 26 price zone easily unless we see too many adverse U.S. economic reports.
On the other hand, breaking below the ascending trendline, the silver price may continue its downtrend again and may test the 21.50 price zone again.
AG LONGDear gamblers,
Seems that AG has retraced enough. We open long right at 12.33 USD with stop loss at 10 USD looking to target 40 middle term.
Silver is a "commodity" that attracts me because of its scarcity and industrial need for batteries.
Let's see if it plays out.
** This is not financial advice, do your own research before risking money ***
Kind regards,
Is Silver About To Have a Massive Breakout? - 30 USDOn the 4 Hourly we are seeing a massive Inverse Head and Shoulders pattern.
I believe that the inflation data by the FED minutes, is going to send Silver to breakout from the downtrend it has been on for some time.
Stay tuned for long-targets, as we see this breakout accour.
Fundamentals:
Mine production from primary silver companies also fell last year, by 3.8%. It, too, is expected to drop by double digits this year.
The ten largest silver countries have produced 12% less silver just since 2016.
Supplies of recycled silver have fallen by 28% just since 2012.
SILVER DOWN TO 22?Silver has formed a hanging man on the H4 at a lower low after multiple rejections of a recent strong resistance zone for a possible move down to the 22.0 price area. This is supported by the overall downtrend that silver has been in.
Silver Futures Trade The Range! Longs and Shorts Silver has been in the current sideways range for 410 days and within this time it had printed its ATH of 30$ back in Feb 21.
In August we tested the bottom of the current range to around 22$ with a 11% move to the upside thereafter followed
by a strong rejection at 24.90 to push silver back down to the August range Lows at $22 for the back test.
We are sitting at the bottom of that range so an obvious choice would be to long or you could wait and see what reaction you get
at the levels marked .
I have marked the area you can expect support to step in if this were to reject from 24XX for example and break down from the channel .
If of course Silver claims that level 23.90 as a support then the middle of the channel will pose some resistances , with the Point of control and the .618 and the middle of channel .
Taking some profits if you are long from the bottom would be a good idea or consider shorts from this region .
Trade the range Until it Breaks was some great advice that I was taught !
Always Know your Invalidation and Have a Trading Plan !
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Silver: Bearish! 😲 😲 😲For the silver price, the bearish scenario is continuing, and we are expecting the price to fall under $21.81. However, there is a small chance of 20% that the course comes back and increases above $26.09.
Short, short!
Silver on a verge of breakout [above 72540]Silver has been consolidating for a while, and on a verge of a breakout.
Hold positional till
TARGET 94000+.
SL: 63540
SILVER - Cinderella Gold Ready To ShineSilver is an asset we can discuss for days,
i have not posted about it in awhile for a variety of reasons but that time again is now.
After it's little Odyssey (correction) it seems ready for higher and more.
FXPROFESSOR is back on Silver.
One Love,
tell me your thoughts
Silver: Some Room Left! ↕️↕️↕️Chances are good that the silver price will still increase a little bit further and approach an area just below $25.50. With this move, the orange wave number iv should be completed, and the market should be able to continue its journey to territories below $20.
Bears ahead!
