Upside for Silver is Coming! Long Setup!I am taking an early long position on Silver as we are getting a trendline and 4 hourly resistance breakout.
Long from 22.79 or as close as possible.
Target 1 - 23.30 - Set stop loss to break even once T1 has been hit.
Target 2 - 24.05
Target 3 - 24.50
Extreme Target - 25.49
Stop loss - 21.80
Silverlong
Inverse Head & Shoulders for Silver in-playThe 4 hourly Silver chart is showing initial signs of a potential inverse head and shoulders pattern. With confirmation of this pattern, I will be looking for a long position at 22.50. My target will be a long position towards the 23.50 resistance and supply zone.
📈💪 Silver Secures Support: Gearing Up for $24.5 Sprint! 🏃♂️It seems that silver has found triple bottom support on the RSI, while DXY is showing signs of a strong bear. This suggests that commodity prices may rise, which in turn could send silver to test $24.5 once again. However, if silver fails to clear this area, it could potentially lead to a permanent collapse of silver prices.
But for now, this chart is bullish. Enjoy the trend!
SILVER BUY ITS @ SUPPORT ZONEHELLO TRADES !!!
As i can see silver is now @ support zone and we are buying with a low risk and looking for a higher rewards ... Friends trade is on based of Fundamentally + Technical analysis kindly have look on our other analysis so you can understand why we are buying charts is crystal clear for uptrend its just an trade idea share ur views with us for silver we appreciate ur love and support
Gold/Silver ratio as recession indicator?Since hitting a record high of 126 in 2020, the gold/silver ratio has broken down and has remained contained beneath the monthly chart's Ichimoku cloud as it forms a symmetrical triangle. A similar formation appears immediately preceding the 2000 and 2008 recessions, when the ratio broke above the apex of the triangle and through the Ichimoku cloud as traders fled to the safety provided by the yellow metal.
SIH4 SilverLast 15 years this seasonal trade has a 93% success rate. Entry is on paper 12/22 however entering it a little early isn't the end of the world.
Looking to exit before the 9th of Jan but leaving myself room incase i need to leave it open.
"I'm never going to financially recover after that last trade."
-Kewlkat
Silver trying to break 12year old trendline.Silver trying to break 12year old trendline.
This is a long term chart. Based on history, big trend lines
shifts the long term trend.
With all the inflation going on people historicaly buy silver and gold
to protect them self from inflation and preserve their puchasing power
while their currencies fall.
On of my favourite copper/silver stocks that is leveraged for rising prices.
is Brixton Metals corp /symbl: BBB
SILVER (XAGUSD): Technical Outlook & Trading Plan 🪙
Silver is currently trading within a narrow horizontal range on a daily.
23.20 – 23.43 is the support of the range.
23.93 – 24.14 is the resistance of the range.
Bullish breakout of the upper boundary of the range will give you a strong bullish signal.
Daily candle close above will confirm the violation.
A bullish continuation will be expected to 24.70 then.
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SILVER 4H : Support to rise up SILVER
New forecast
The silver price traded declined significantly and reached the level of 23.50, so we are forced to remain neutral until it shows the clearest trend during the coming trades.
Therefore the 23.50 - 23.35 levels is important fore Silver during coming period hence failure to stabilized under 23.35 it will support the price to rise up again and targeting 23.77 and 24.00 levels , taking into account that stabilized under 23.35 will put the price under sell pressure .
The expected trading range for today is between support 23.35 and resistance 24.00 .
resistance line : 23.77 , 24.00
support line : 23.50 , 23.35
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Silver 4H : Support further rise SILVER
New forecast
Silver price trading settled above the 23.00 level after the strong upward rally witnessed yesterday, enhancing the chances of the continuation of the upward trend during the coming sessions and heading to visit the 23.49 level and stability above it that will reach 23.77 and 24.00.
therefore , the upward scenario will be remain valid and effective during coming period supported by the moving average 50, taking into account that failure to breach 23.49 will put the price under sell pressure in the short-term and keeping in mind that the continuation of the upward wave depends on stability above the 23.00 level.
The expect range trading for today it will be between resistance line 23.49 and support line 23.00 until stabilized .
Additionally , Today News will affect on the market .
resistance line : 23.35 , 23.49
support line : 23.00 , 22.73
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Silver 4H achieving noticeable gainsThe price of silver ended yesterday's trading with a noticeable positive note, breaching the 22.25 level and settling above it, providing signs of an attempt to return to the upward path, but we note that the technical indicators provide negative signals that may pressure the price to decline again.
Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that continuing the rise and breaching 22.55 will push the price to achieve further gains and test the 22.89 level initially, while trading below 22.25 again will reactivate the scenario. The downtrend whose next main target is at 21.60 .
Pivot Price: 22.25
Resistance prices: 22.89 & 23.33 & 24.17
Support prices: 21.60 & 20.75 & 19.95
The general expected tendency for today: neutral
SILVER 4H : Uptrend above 23.12SILVER
New forecast
The price of silver moved upward significantly in the las week , breaching the 23.12 level and stabilized above it, heading towards achieving expected gains during the coming sessions, on its way to mainly visiting the 23.35 and 23.49 level.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 supports the chances of achieving the expected rise, taking into account that breaking 23.12 and stability below it again will forced the price to formed the negative correction and will support the price to reach 22.73.
The expect range trading for today it will be between resistance line 23.35 and support line 22.73 until stabilized .
resistance line : 23.35 ,23.49
support line : 23.12 , 22.73
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SILVER 4H : War will support further rise upSILVER
New forecast
The price perfectly fulfills my last idea and price reached to our targets .
The silver price tested the 22.73 level and maintains its stability above it after rebounded from the support level and rise up ,se we expect the price will be continue at the bullish tendency waiting to correction the price to resume the upward wave that targeting to the 23.35 level initially, remembering that breaching this level will extend the upward wave to targeting 23.49.
therefore the upward trend will be remain valid and effective supported by Moving average 50 that is continues to support the suggested bullish wave, taking to account that stability under 22.73 will put the price under negative correction until 22.50 and then will be continue at the main bullish trend. also if price opened under 22.98 the price will try to start a correction .
The expect range trading for today it will be between resistance line 23.35 and support line 22.73until stabilized .
Additionally ,News will affect on the market .
support line : 22.73, 22.50
resistance line : 23.35 , 23.50
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Multiple bullish patterns on GoldIn the weekly chart, a major Cup and Handle pattern has become clearly visible, accompanied by the formation of a Bull Flag. The price has broken out of the flag, indicating that if this trend continues, the chart predicts a measured target price for gold. As an update to my previous analysis of Gold, I remain bullish on both Gold and Silver. Given their inverse relationship with the Dollar, I expect them to perform well as I anticipate the Dollar's value to depreciate over the coming months. There are numerous indicators that point to a rise in the price of Gold, including multiple bullish patterns on Gold and Silver additionally a bearish pattern in the DXY, which suggests that Silver and Gold are primed for a bullish run.
SILVER 4H : Still bullish SILVER
New forecast
The silver price tested the 22.77 level and maintains its stability above it till now , noting that the price attacked that level many times and couldn't stabilized under it , waiting to stimulate the price to resume the upward wave that aims to test the 23.35 level initially, remembering that breaching this level will extend the upward wave to reach 23.49 but first its possible to retest to 22.98 and then will rise up .
Moving average 50 still continues to support the suggested bullish wave, which will remain in place provided it remains above the 22.77 level, stabilized below the 22.77 will postponed the bullish attempts and put the price under sell pressure to visit the previous main support zone which is 22.50 level .
The expect range trading for today it will be between resistance line 23.35 and support line 22.79 until stabilized .
Additionally ,Today News will affect the market .
support line : 22.77 , 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️