SILVER Breakout Confirmed........Silver broke weekly resistance and weekly close confirmed it.
Next target is 35$ and 37$. It may pullback from there before reaching 48-50$.
Trade as per risk management.
NOTE : ALreay silver view was given before at 27-28$ with target of 32$. This is an update actually. You can find previous chart idea below in link
Silverforecast
XAGUSD/SILVER 4H BUY PROJECTION 06.09.24In this latest upward cycle of the silver market, Fed interest rate moves are playing an oversized role in pumping up silver prices. In early July, as analysts factored in the rising potential for interest rate cuts in the remainder of 2024, silver prices were once again testing May's nearly 12-year high.
SILVER 🚀 👨🚀 Support on 31.68 on 20th June will trigger price upwards to 43.35 within or on 20th Oct 2025 marked on the chart
31.68 ( 20th june 2024 )
43.35 ( 20th Oct 2025 )
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Silver 📈 📈 If it sustains above 27.67 or that line ( Red ) then it could pump to the line ( green) or to the price 31.75 marked on the chart
31.75 --- ( 24th June 2024 expected time )
Disclaimer:
Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Silver sell on risejust like gold silver gap up on 20th march the price is fading its buying momentum and with that bias im looking for sell on rise setup
which i think 75300 could be the short entry and sl will be 75500 with the target of 74300 and second target of 73600
conclusion the target area are possible area to boost the buying liquidity again there will be exiting the trade
silver confused trade on levelsif silver sustain above 70k or 70050 level for today's close = 1d candle
then it will news based just liquid sweep from rd number of 70k
the price will rush towards the upper liquidity lvl of 71250 and 72750
as of trade on long side keep stop loss of 70k or below and target mentioned i.e. 71250 and 72750
Silver expected to fall by 5-7% - #2after the gap up of 29nov
there is price imbalance and buyer's liquidity is laying down under @ 68000 to 66000 zone
simple if you the candle from december month youll see reds are more dominat then green and green pullbacks came from previous value zone that were not tested are acting as order block triggering the buy order of buyers
BUT.....
there are two more level that need to consider is 68-66000 where we can see good buying as of now while recording this analysis
waiting for buy opportunity instead of going short
SILVER TREND NOWTREND - POSITIVE
But unable to break above weekly downward trend line.
PRESENT ZONE- At SUPPLY ZONE 3.Encountering yearly supply zone.
New 1 hour zone formed.
FORECAST -As per ZONE SUPPLY ZONE 3
If breaks above SUPPLY ZONE 3 will go to 25$.
if breaks below SUPPLY ZONE 3 will target below 1 hour demand zone/weekly zone.
MY TAKE
As lots of supply zones are there requires strong momentum/news.
Probably may go down.
IF FOUND USEFUL KINDLY CLICK BOOST ICON & follow me for more updates and trends
silver value buying levels the 3rd oct uptrend is more likely a pullback from the previous downtrend that we had analysed and played well
currently the price has reached to the fib golden zone of 0.6 and 0.7 and there is another confluence of previous rejection zone
price started making lower high and lower low
68000 - 67000 will be area of order blocks
lets wait for the price to react on this
silver could fall 3-4% ?? The Gap up of 30th aug was not Bullish case in the price
gap just grabed all the pending liqduidity from old order block (from 20 and 27 july)
due to gap up price face hard selling liquidity and buyer liquidity made a stretch of (15 or more than !%) which created the imbalance
with all this conditions it is clear that price will be dropping lower to find more buyer liqudity
the red arrow highlighting the buyer liqudity lvls
for long entry only from 70600 - 70400 & main point of interest will be 70,000 - 69350
SILVER possible Elliott wave sountsHello Friends,
Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards.
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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.