Silverforecast
Silver Squeeze - Yes PleaseWe saw spike in the silver above the old high in February 2021 in a three wave move. A good indication that the price is keen to go higher.
Since then price has formed a bullish falling wedge pattern down to the 76% fib(Lucas level). At the 24.00 handle we saw the RSI go from 20 to 69(indicated by the green box).
This is a sign of strength as the RSI bounce of the 40 level ,which is the bottom level for a bull market. If the RSI holds above the 40, with a divergence in the CBRSI indicator forming, we should see a move to the 35 handle. With the limited supply of physical silver now available world wide, we could see a larger bull market unfold.
SILVER - Time for an upswing XAGUSDDuring the past two days, gold's little brother experienced visible selling pressure. At the end of last week, silver failed again to overcome the upper range and resistance zone around 26.62 USD. The subsequent price weakness caused the silver price to fall back towards the support of 24.77 USD. So far, and thus just before the support, a first counter-manoeuvre by the buyers is taking place today. As long as the price is quoted above 24.77 USD, one can again assume a reaction impulse in the direction of the resistance at 26.62 USD. Whether a breakout above this level will be successful remains to be seen. Above 26.62 USD, further upward potential opens up to the zone of 27.70 USD.
A dip below the current demand zone of 24.77 USD, on the other hand, could lead to a rapid setback to 24.10 USD. Below that, a test of the underlying support at USD 22.80 would have to be planned.
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Notice:
Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.
Silver - we boughtLarge tringle in a long upward trend. I see continued growth. The accumulation phase confirms my thoughts. Only buy.
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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 possible bullish reversal Hi Traders
Silver (H4 Timeframe)
A low to medium probability, to go LONG is forming @ 26.473 after the market found support @ 25.342. Only the downward break of 25.342 would cancel this bullish scenario.
Trade details:
Entry: 26.473
Stop loss: 25.342
Take profit 1: 27.071
Take profit 2: 28.138
Take profit 3: 29.877
Score: 5
Strategy: Bullish Trend Reversal
SILVER (XAGUSD) BUYING ON DIPS Hello friends as i can see Silver is reached @ our 2nd Tp which was given in previous analysis
last Friday it was closed above a strong support zone and holding this level as we can see Stimulus 1.9 Trillion $ also approved and
it can effect $ and make more weakness in $ DXY in future also technically 2 major confirmations a strong support and a kiss to Trend line show bulls are again active in the market
so guys trade silver with low risk and looking for higher rewards
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XAUUSD SHORT POTENTIAL forecast !!!!XAUUSD Short forecast!!
This pair still has great potential to the downside. Long term this will hit the 20.00 at least. I will be looking for my key areas to get hit and then executing my trades on the lower time frames. If a short term potential long becomes available and it fits all my rules, I will take a trade short term to hit my key POI area. I missed 2 entries last week short as I was watching other pairs. I would expect a pullback Monday, Tuesday and then a nice push later in the week. Trade safe, trade smart and lets make some money!! Hit that like button and give us Follow for more upcoming trade forecasts.
XAUUSD SHORT POTENTIAL forecast !!!!XAUUSD Short forecast!!
This pair still has great potential to the downside. Long term this will hit the 20.00 at least. I will be looking for my key areas to get hit and then executing my trades on the lower time frames. If a short term potential long becomes available and it fits all my rules, I will take a trade short term to hit my key POI area. I missed 2 entries last week short as I was watching other pairs. I would expect a pullback Monday, Tuesday and then a nice push later in the week. Trade safe, trade smart and lets make some money!! Hit that like button and give us Follow for more upcoming trade forecasts.
Silver – Cyclical turning datesTurnaround dates (highs and lows) can be calculated in advance using our proprietary models. The turning dates have an average tolerance of about three trading days. In 80% of the cases it is even only two trading days. This gives us a very good directional filter in advance within our analysis methods, with which we have been working successfully for many years.
Thus also in the current example to silver numerous turning dates could be limited very precisely.
Current environment:
Silver has been in a technically clean uptrend with rising highs and lows since around mid-December. The backed high of February 24 (cyclically calculated turning point) has arrived with a tolerance of one day!
Currently, a further price decline is to be expected until around March 01.
A temporary stab through the lower boundary level of 25.90 USD cannot be ruled out. Then, the price should experience a stabilization and lead to an approx. 2-3 day upward impulse.
Note:
Three special analysis methods are used within our trading strategy. In this article only partial aspects were published and represents neither a complete trading system nor an investment advice or purchase recommendation.
SILVER - a downward wave is to be plannedToday, the turning date for silver (XAG/USD) is in focus. With the weakness that already began yesterday, a loss phase lasting until the beginning of the new week - at the same time of the new month - is indicated for the silver price. Great sell-offs should not be expected here, however. Because already to 2. March a already new turning point points itself. This should help the small brother of the gold to new gloss. The quotations could thus fall back in the short term to the area of 26.30 to 26.60 USD, in order to then attack the resistance area of 27.70 USD again in the sense of a bullish counter-impulse. An establishment above this level allows subsequent gains in the direction of 30.00 USD per ounce and higher.
If, on the other hand, the price weakness extends to below the level of 26.00 USD, an extended correction in terms of time and price could open up. This has further downward potential to at least 24.20 USD in the context of the trend line and support break-down that has occurred.
An excerpt of our past turning dates:
- Silver Low Dec. 15, tolerance 2 days
- Silver High Dec 09, tolerance 1 day
- Silver Low Nov 30, tolerance 0 day
- Silver High November 06, tolerance 1 day
- Silver Low October 29, tolerance 0 days
(Our turning dates have an average tolerance of 3 days. In 80% of the cases it is 2 days).
Notice:
Three special analysis methods are used within our G.I. Swing Trading Strategy. Only partial aspects have been published in this article and it does not represent a complete trading system, nor an investment advice or a recommendation to buy.
Silver can go to 30 and above if it clears 28As said before and I will say it again, in the past months, Silver's trend and evolution clearer than Gold's
And as you can see from the posted chart, after reaching 22 on Thanksgiving week (1765 correspondent in Gold), Silver has had a clear uptrend. More, last week's fall in Gold to 1760 has a 26.50 correspondent in Silver, being far from a drop and just a simple and minor correction (and 22% higher than the recent low).
I expect this divergence to continue, and Silver to be more bullish than Gold also in the future.
My strategy for Silver is buying dips and I expect 28 zone to be broken and XagUsd to accelerate its up-move
The first resistance is at 30, but this can be easily be broken if we also have a wave of Gold optimism.
Axis point, possible turn towards new highs and more volatility.Either we will see higher volatility going towards new highs in silver now or it will continue on a long term uptrend. The Biden stimulus should however have an impact and result in greater inflations and therefore mean that silver will be valued higher towards the dollar. If it doesn't, then silver isn't connected to fiat and geopolitics and therefore broken and not connected to real life events known to the general population but instead something else. Possibly this other could be the dollars position as a fiat-franca, a currency for transfer and therefore a stronger currency than most. Bitcoin, on a sidenote, would then be questioning this position in a sense and at the same time Elon Musk. At the same time one would also be able to say that Bitcoin should in a sense be connected to silver. A silver/bitcoin index. What the value of silver is in relation to bitcoin.
Hope this contributes somehow to your analysis and thinking in these matters.
Also remember, I'm just a silver noob. Don't take my word for it.
Silver Multi-Timeframe analysisHi Traders
Silver Multi-Timeframe analysis
H1 CHART
A low probability, entry signal to go LONG was given at 27.118 after the market found support at 26.847 . Only the downward break of 26.847 would cancel the bullish scenario.
Support & Resistances
27.039 27.510
26.816 27.652
26.528 27.940
H4 CHART
A medium probability, entry signal to go LONG was given at 26.544 after the market found support at 25.863 . Only the downward break of 25.863 would cancel the bullish scenario.
Support & Resistances
25.757 30.075
24.683 32.545
20.496 36.732
DAILY CHART
The market is approaching the support at 25.888 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 24.160 level.
Support & Resistances
25.888 27.912
24.160 30.075
21.884 32.545
WEEKLY CHART
Waiting for a retracement lower towards the 21.653 support level, in order to reinstate LONG positions. Next important support is the 18.932 level.
Support & Resistances
21.653 30.075
18.932 34.662
16.512 42.844
Every time frame mentioned looks bullish. However, short term on 30 min i see a lot of bearish pressure.
Silver Price 2021 - V3Building on the work of my V2, which had correctly identified the 8 year cycle for Silver, there was something about the MACD bugging me about it and how it didn't line up.
Went back to it and got to the bottom of it!
And what a lovely find regarding the Elliot Wave corrective wave, in that the time proportion between the last correction period and this recent one is the .38 important ratio.
Quite happy with this and think this is the final Version of this chart for sure!
Silver - An exceptional situationThe silver price (XAG/USD) has been in a technical uptrend since mid-December, with rising highs and lows.
The precious metal clearly outperformed gold in recent weeks, which is why we clearly prefer this asset.
Already in July last year, we had drawn attention to the very high gold-silver ratio and the historically exceptional situation in silver!
The following chart illustrates this very clearly.
On the current situation:
The directional filters are long from now on. Provided that there is no sustained break of the support at USD 26.70 and USD 25.90, we expect a further price increase to the upper boundary level between USD 29 and 30.
We advise caution around February 24 at the latest! Then, the momentum should flatten significantly, which makes a multi-day decline very likely.
(Our turning dates have an average tolerance of 3 days. In 80% of the cases it is 2 days).
Note:
Within our G.I. Swing trading strategy uses three special analysis methods. In this article, only partial aspects were published and does not represent a complete trading system, investment advice or purchase recommendation.