The further I look back on the Silver chart, the more I am convinced of this scenario (though it is not guaranteed), and I see $27.70 (ish) as a strong support level. If it holds, I see ~$33 as the next movement. I go strictly by the charts. Politics and Monetary Policy could affect this scenario GREATLY. DYOR. Trade Slick.
SILVER - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short SILVER Entry - 28.502 Sl - 29.030 Tp - 27.566 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
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Silver is breaking out its long term consolidation and triggering a bullish reversed Head & Shoulder pattern with a target in the $42.50 area. Next resistances at the all time high near $50 then the line linking the top of the channel near $53. A break below $23.50 would invalidate this view. ________________ With gold and copper making all time highs, the...
the market broke multiple structure to the upside and possibly change direction
A lot of folks including myself have been watching the GME squeeze, but I think Silver warrants some attention as well.
Frankly, $70 Silver does not sound crazy to me. I don't do advice; I only do patterns. DYOR. Trade Slick.
In the world of precious metals, silver is currently experiencing a significant uptick in prices, signalling a bullish trend. Technical analysis reveals strong momentum indicators like the RSI, along with bullish chart patterns and increasing trading volumes. This surge is fuelled by factors such as inflation concerns, geopolitical tensions, and rising...
Not much has changed on Silver. We were above 10 years ago; there is no data on volumes for such a period. If we go higher, we can clarify the levels in Daily publications. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the...
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure RSI - Divergence Fibonacci Level - 78.60% Demand Zone
Pair : XAGUSD ( Silver / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure RSI - Divergence Fibonacci Level - 78.60% Demand Zone
But I do see almost half a decade or more of sideways between 50$ and 30$ afterwards as this will be a speculative run up again with multiple assets.
Silver has broken out of a 4 year old resistance and it has a potential of about 100% ROI in the long term to touch it's all time high. RSI, Momentum and Trend intact and as the consolidation breakout is after 4 years, the price move would be significant, expecting a minimum 30-50% ROI. I would consider Silver Bees to invest.
It is interesting to study the Production/Accumulation/Distribution/Industrial Demand as well. Silver seems to hit a breaching point where physical prices have a premium about +45% for buying it and +20% for selling pure silver bullion coins. Troy oz./oz. is about 1.10, which should reflect a recomended trading price of 25.4$ per troy oune. Anybody able to buy at...
Silver has finally broken up multiyear highs and it's set for the continuation higher in its upper band of the channel. If we get a decent retest for the weekly inverted FVG and its BPR. It will be a great entry. Past analysis Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell...
✅SILVER will soon retest a key resistance level of 29.80$ So I think that the pair will make a pullback And go down to retest the demand level below at 25.25$ SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
TVC:DXY FXOPEN:XAGUSD In the silver weekly chart, both the inverted head and shoulders and the symmetrical triangle formations are visible, with targets outlined on the chart.