52-Week High 27.500
14 Day RSI at 80% 25.112
Pivot Point 3rd Level Resistance 24.219
23.890 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 23.719
23.642 61.8% Retracement from the 52 Week Low
Pivot Point 1st Resistance Point 23.379
High 23.220 High
1-Month High 23.220
13-Week High 23.220
Last 23.038s Last
14 Day RSI at...
SILVER BUY trade Signal
SILVER has broken the Resistance trendline and closed above waiting to retrace the support area if the market retest the support area then it will be a good opportunity for a long with very good risk-reward
Always trade with Stop Loss
SILVER TREND showing BEARISH, as of now after very long BULLISH trend, a Retracement can be expected.
Notice : Who is on LONG positional square off, re enter after Retracement.
Silver (XAGUSD) has formed a head and shoulders type rounding top on the 4h time frame. The price is still at the supply line. A breakdown below this line would be bearish for the commodity with measured move target of 21.75.
Price action at 23.15 to 23.50 zone is critical and would decide the next course of action.
On Weekly Basis:
Silver completed its correction from USD 12 to 29 in its Grand Wave. There is a support at 23.35 and 22.15 on weekly charts. Grand Correction Wave A, B and C is over in Silver which started in August 2021. B Wave got over in Feb'22 and C Wave got over in August,22. One can be cautiously optimistic and it provides a good choice to buy at 23 or...
Hello Traders,
Hope you all are doing good!!
I expect SILVER to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
Analysing the H1 time frame i spotted the raising trend channel where i expect the breakout of the channel below the boundary, but till then the channel is active, you should wait for the breakout then sell at retest area, if you are willing to buy, you can look for confirmation using 5M, 15M TM for trading pull back.
Analysing Daily timeframe, i spotted that the silver traded within the raising trend channel and have reached its resistance, soon the price will reverse to the downside, you can use the FIB numbers to identify next supports as i consider the horizontal key support with rectangle drawing.
Note:
All ideas forecasts are my personal views on the market, I share...
silver can come down in short term, but need to be cautious wait for conformation to make lower - low or to break the lower trend line to break and one can initiate in short trade.
On Weekly Basis:
Silver completed its 50% correction from USD 26 to 18. There are several resistance pivots at 22.15 on weekly charts. Wave A, B, C and D is over in Silver and Wave E should resume anytime now. Short sell is a good choice at 22 level with a target of 14 which becomes a strong buy from long term point of view. 200 DMA is also at 21.45 where price...
bearish outlook
hourly- strong sell (target- 56730/56045/55675)
daily/weekly- sell(swing short)
bullish outlook
immediate resistance/targets -58650/59550/60880
as per current market trend prices should test the lows
Hello Traders,
Hope you all are doing good!!
I expect SILVER to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
#silver trading for Intraday on Silver as per price action as silver consolidated near 57000 to 56600 on thurday level. So these levels will act as the support and resistance again and here its forming the consolidation pattern.
another major trendline coming up from the high of 13 septemberso for the buyer once that trendline breaks will give the breakout. and...
As per above Chart analysis possibility of ending wave 4 which was complex wave WXY, now it can continue it's uptrend in wave 5 which can extend till 0.786 fibo ratio.
