Silver ends wave ii of CYes, that was quick for silver to end wave II of C, but exactly at 61.8% is not a surprise. Wave iii of C should take it down to 47.55 now so ride the wave lower. Silver has topped out for the year
silver spot nxt boomer update blwsilver spot made almost triple top near 52.40$ which is facing big hurdle for silver if mkt sustain above 52.50$ or close above than next up side tgt 56--58$ support 51.50$ if blw than some correction till 50--49$--- yes eyes on 52.50$ if unable to hold abv than mkt looks some correction till 53.50
silver crucial updatesilver update--- silver sustain abv 159300 looks up side 159900--160300-160700++++ in spot stya abv 52.60$ look 53$--53.50$++ near yes if sustain than will see more boom
trading ideas--- buy on dips good way with strict support sl likw 52.29 BMV:IN mcx 158300@ sl use must
Short I anticipate that December 5th is approaching, and the value of silver may experience a retraction following its peak for the current month
a deeper correction is on the way Siver $ 52.20
Elliott- the ABC correction of wave ii of C is an expanded flat. To me it is done. Wave iii of C should being now. The wave iii will come down minimum to $43.
Conclusion - Have patience, the precious metal will give you an opportunity to buy at much lower levels.
Silver today booked 140 pips continuesly buying recommended 48.2Parameters Data
Asset Name Silver COMEX (XAG/USD)
Reason 🟩 US rate cut expectations, weak dollar, aur high industrial demand ke chalte strong breakout.
R:R 🟩 R:R ratio is favorable for T2/T3 targets. / Threshold: Breakout above - & Breakdown below
Current Trade 🟩 BUY Active ⬆️ Target T1 - 53.50
Silver continuesly buying recommended now 57.50 and 59.50 targetParameters Data
Reason 🟩 Dovish Fed Bets & Industrial Demand: US Fed rate cuts ki strong expectation aur US Dollar Index (DXY) mein weakness se Silver ko support mil raha hai. Additionally, industrial demand outlook bhi positive hai, driving price towards new highs.
Asset Name Silver COMEX (XAG/USD)
XAG/USD bullish setupSilver is an bullish scenario for an Target of 63$, Correction is completed now, Soon an impulse is expected.
Silver comex AI Tool showing bounce back, holding buy 49.25 Parameters Data
Asset Name : Price 🟥 Silver Comex (Dec) : 49.975
Price Movement 🟥 Downmove will continue to 49.35, 48.06 if break 48.06 then breakdown Until 50.55 not break if break then 50.85, 51.57 possible.
Reason 🟥 Strong US Dollar & Profit Booking: Recent rally ke baad short-term profit boo
Silver Look Good for short with 1:2 target Trend: Bearish. The market has shifted from an uptrend to a downtrend.
Pattern: Break and Retest. Price broke below the 49.50 support level, retested it as resistance, and is now rejecting it.
The Trade: A Short (Sell) setup is active.
Target (TP): 46.48 (Lower support zone).
Stop Loss (SL): 49.
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Displays a symbol's price movements over previous years to identify recurring trends.