XAGGBP - Support & Resistance Levels with potential entry points in case of breakouts.
XAGGBP in bullish trend because it's making HH and HL and respect the trendline.
Silver priced in British Pounds back testing a "wake up line" + important moving averages Game starts above 20 #fintwit #silver #england
So this happened in Q4 2022... Confirmed quarterly breakout for silver priced in British Pounds (still below monthly defined breakout lines, resistance). #fintwit #silver #gbpusd
Prior to a reversal, Powell will increase rates by 0.5 on 12th December. The bear trap!! A black swan event is in play. Everything will be crushed, and they will buy it back for pennies. With a bad scenario, silver could drop to $14. The real wealth lies in gold and silver. The modern world is not the place for your paper money.
You are aware that the silver paper market is a fraud. The exchanges and computers are under JP Morgan's supervision, so when they deem it appropriate, the price will rise. Silver is undervalued and is manipulated, as we all know. Physical premiums will certainly skyrocket. If you don't hold on to your silver, it belongs to someone else. Similar to...
Long Position Entry: 17.23108 Stoplose: 16.93725 TP: 17.52490 Long Position based on Dow theory and Bullish candlestick
In this pair we have good Entry for short as well Gbp is going long silver is going short enjoy
Silver is in a huge triangle formation for the last 11months. ? Bull flag. Awaiting a break from this pattern. Will it be up or down? I expect it to breakout to the upside. Let us see. Wait for confirmation.
Gold has recently move above the resistance zone as published in a recent post. Silver is following suit and testing the resistance zone. The next few weeks will show if this materializes or not. I am inclining towards long position - but would like to see the confirmation by a clear breakout.
First chart published on Trading View - comments welcome but go easy :-) Long-term view on silver / British Pound: Bullish for the next 6-18 months QE and virus uncertainty weigh on global economic outlook so traditional safe havens remain attractive. With gold having reached its ATH recently, I believe silver offers more upside potential in the mid- to...
May be a little preemptive looking at the monthly candle like this before close (in a few days). Looks promising. Can't get any physical silver cheaper than around £20/ troy ounce at the moment either; showing massive divergence between physical and spot prices!
In the squeeze beneath a downtrend and approaching ascending support -Breakout imminent
According to this count Silver (priced in GBP) is due a correction but it would also suggest that we can expect a 5th wave up to complete the move. The only question I ask myself in this case is if this is way too obvious and easy and therefore to expect something completely different to unfold.
Hitting resistance on the 3rd arc pair on the minor chart and the 4x1 Gann fib ray on the major chart - Today's candle has caught support on the 1x2 fib ray on the minor chart, if support here fails the price will look for the 1x1 fib ray beneath
Hard-Brexit and the upper trendline will be broken. Soft-Brexit and the lower trendline will be hit again but due to strong support at this level I feel it is unlikely to be broken.
Same reason as other Silver trade setups previously posted