Silverlong
SILVER (XAGUSD) | The safest target to climb🎯Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
The counting shows that in general a forward motion has been formed which may be for wave 1 or a and wave 2 or b, and now we have entered a new phase by breaking the channel related to the term.
This trend may be for wave 3 or c. However, we assume that these waves are related to wave-1, and that this wave 1 has completed its 1, 2, and 3 microwaves, and now that it is in the range of 26,500, it can be said that this prz range is a harmonic pattern. It has formed its 4th wave, this 4th wave is probably formed in the form of a zigzag and this zigzag breaks the black channel downwards and moves up to half of the blue channel and then prepares to form the 5th wave.
This analysis is just a possibility and has no validity.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
XAGUSD LONG - Buy Entry - D1 ChartXAGUSD LONG - Buy Entry - D1 Chart
Buy @ Market
Symbol: XAGUSD Silver
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
TP - Resistance @ 26.678
Resistance @ 25.539
PP Y1 - Pivot Point Yearly @ 24.9373
Support @ 24.581
✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍
✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬
✅ Wishing you enjoyable successful trading 🙏
SILVER PUMP INCOMING?! TARGETS!Hey everyone
Today i show you my SILVER Weekly chart analysis and idea.
Silver broke out of the downtrend and currently is retesting the breakout. If this confirms with a weekly close i expect a big rise!
How much can SILVER go up?
- I think SILVER can go up to 30$ and after that even 35$
Can you trade this idea?
- Yes. I also longed SILVER during last days and you still can while this is retesting.
I hope you guys like this idea
long SILVERSimilar pattern to the analysis just drafted on GOLD, applies to SILVER, where we have seen chart patterns being highly correlated to xau movements, combined to a significant increase of physical delivery between the major players.
We will play on silver with same logic: very tight stop, in correspondence of today lows and TP level at 28. SL will be moved higher to protect profits.
We will obviously take in consideration FED pressconference, if the trade is still open, to manage the risk during news time.
Silver more gains ahead21.500 support held multiple times. Silver buyers will look to push prices and retest 28.138 - 29.000 area, if sellers are not found there then more gains ahead and might reach 34.572.... On the other hand rejection at 28.138 means that sellers are there and price will drop to 21.500 and below that 13.214
TRADE OF THE WEEK | Classic Trend Line Breakout Trade💰
Hey traders,
For a quite long period of time, Silver was nicely respecting a major falling trend line on a daily.
The price perfectly set lowers highs approaching that.
The war brought anxiety into the market making the investors rebalance their portfolios.
It triggered a strong bullish reaction and the market violated the trend line to the upside.
On a retest, I was looking for buying opportunities.
My confirmation was a double bottom formation on intraday time frames.
I bought the market on a retest of a broken neckline.
My target was a local structure high.
Great winner and nice profit!
❤️Please, support this idea with like and comment!❤️
SilverOkay not that big of a fan on precious metals however when opportunities arise, a lot can happen too. With the FED continuing to buy bonds, one must ask themselves why??? Interest on the reserve bonds will increase, rates on mortgages will increase, rates on loans will increase. Like a retail traders wet dream in coming to light, common sense everyday people will be looking for scarce assets to put their money into as rates will rise and the fear on out of control inflation being handed down to the consumer. This wedge is primed for lift off and not a moment to soon. With the EMAs on the weekly 2,9, and 30 looking like a bullish divergence could happen on all three EMAs and the RSI momentum indicator looking up some buys are coming in, more buyers than sellers, it's that easy. I would assume it will be a while til we hit those upper levels (target) but as a spot buy I think there will be money would be made even on spot.
SILVER (XAGUSD) | The safest target to climb🎯Hello traders, Silver in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In the count we had at higher times, we came to the conclusion that we will have an upward trend.
This trend may be for wave 3 from the lead or for wave c from the correction.
At this time, a wave has formed in a leading form, which we have labeled as the main wave 1, and now we doubt the beginning of wave 3 or still in the correction process for wave 2.
For this purpose, we considered several ranges, the first range is the breaking of the canal roof, which is a confirmation of the beginning of wave 3 and the uptrend.
The next price range will be 21000, which is a downtrend if this range is completely broken.
The channel ceiling is broken upwards and this wave is probably related to wave 1 of iii and in the next stage wave 2 starts and this wave completes after the pullback to the broken channel.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Silver- Resumption to the uptrend is pretty clearAlso Silver is in high demand these days and the first signal that we can have a resumption to the uptrend has come on 21st February with a break above descending trend line resistance. 24.50 resistance zone was the next to fall and the price corrected after reaching 25.80 resistance.
Yesterday we have a strong green candle and now the price is in correction.
In my opinion, is pretty clear that Silver has resumed its long-term uptrend and this correction can be used as an opportunity to buy at better prices.
25usd can be a good place for this and medium-term traders can target 28
This bullish scenario is negated only by a daily close under 24 zone
$250 Silver ?Yeah, yeah... I know, the metals move slow. Silver has had this pattern playing out for 40 years. Many think it will be perpetually manipulated. Should this scenario play out, a 13x is possible. I realize many will dispute this. Others, as myself, believe it will (at some point) break free. I'm still of the mindset it's one of the most undervalued assets on the planet.
Silver - An opportunity of a lifetime? Hello All,
If you saw my last post about the bullish potential of Gold then Silver should pique your interest. Silver has not had a new All-time high since 1980 / 2011. Gold and Silver have a tendency to move together and act in tandem. Silver also has many use cases for technology that I will not get into here but a simple Google search can reveal that.
A large break out in Gold could push Silver much high and offer a larger percent return to the holder if this plays out. It would be good to keep your eye on these key levels over the next few months/years. This could be an opportunity of a lifetime.
This is a play that would require much patience but the time may be coming near.