Positives SILVER chart in 4hr looks good for me. It is near Trendline support and also Monthly breakout retest zone. More chances it goes up as per chart and Target may be 30-32$. Negitives If it breaks down, next support is 26$.
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 looks good. Silver Brokeout of Monthly Trendline and Horizontal Resitance also. I will take more silver expecting 35$ and 50$ as Targets if it closes monthly above 30$. Lets see and plan accordingly.
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.
Friday's price action a) brought the price precariously close to the descending triangle breakdown b) Trendline recapture miserably failed and confirmed the breakdown Both (and 2 other EW based factors) points towards price reaching green zone after break of blue zone. The momentum oscillator is also no-where near the oversold zone and indicating some more...
Bearish Butterfly In Silver If Breaks 73000 Sell PRZ - 74600/74800 SL - 75001 Target - 73400/73000
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 possible wave counts are still suggesting not to go long at these levels, this may correct more, be cautious. Possible Elliot wave counts on weekly time frame macd in weekly is negative Possible Elliot wave counts on daily time frame macd in daily Negative Possible Elliot wave counts on 4 hourly time frame macd in 4 hourly is still below zero...
Silver had broken support trendline and closed yesterday below 20 day moving average, which is clear sign of bearishness ahead. After bounce from lower end of falling channel it got rejection at upper end of falling channel, also RK's Momentum turned in sell mode, all other trend indicators like macd, rsi etc. are also suggesting same bias, According to wave...
After sideways correction, Recently Silver started new impulse move, and now setup suggests that probably wave a-b-c decline in wave ii is complete, Silver retraced nearly 61.8% of the recent rise, also retested its triangular breakout point and recovered sharply. Once it gives positive close above 0-B trendline (purple resistance trendline) then it confirms that...
Silver mcx short position below 66200 TGT - 65850/- 65500/-65200/- Final TGT - 65000 Sl - 66650/-
15 months of consolidation. Inverse H&S. Initial signs of next move. Good risk:reward.
Silver bouncing from the support. One can take long positions now for a target of 27.7 , 29.85, 32.40, 35...
A daily close above INR 67000 (US$ 25.75) would confirm a breakout. A monthly close above $27.25 (approx INR 73000) opens the passage for $33 (INR 86000)
just an update that silver is at trend line plane according to it
Buy Silver at cmp 64080 Strict sl - 63199 Target - 66000/67000 Its a high risky trade, please consult your financial advisor before entering any trade.