SILVER trade ideas
SILVER CRITICAL UPDATE As updated in the charts we still expect a little upside movement in silver for completing its 4th leg before moving towards its final showdown or the last leg (wave 5).
It’s not the right time to trade anyways in silver . We still wait for a perfect entry .
Thank you so much .
SilverSilver CMP 20$
This is a weekly chart of silver...
Looking at the chart,
we can see that Silver have completed its one wave cycle at 18.15$
and possible WAVE 3 started ....
as long as 18.15$ holds,
Silver would be buy on dips from here for where I would be looking for 30$ as my 1st tgts
Just a View!!
Vedang
The bull is back in Silver...or Not? On monthly chart silver rejected from the support and looking good if hold the recent low .
Silver 50 year Chart HistoryFUNDAMENTALS
1) Strong demand from industrial use of electrification of economies.
2) Funds being diverted from stocks to Gold/Silver
3) gold/ Silver ratio near a peak.
4) 40% down from highs and at support of 12 years of consolidation.
Silver TVC CFDLong seems to be bullish now for target of $19.5. After a big correction it seems to be have some bounce back.
SILVERSilver 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 structure we are possibly in wave Z of Z, which can lead to retest levels of $ 20.462 and if sustain below this then $ 19.80, On upper side RK's stop line may work as a major hurdle which is pegged at $ 22.550 to watch out for.
Over all wave structure could be like this one
Price had broken Support Trendline along with 20DMA level on closing basis
Price getting Declined by RK's Cloud and stop line on daily chart
RK's Momentum turned Negative on daily chart
Macd in weekly already in Negative mode
Macd in daily down tick converging to Negative mode
RSI in daily down tick and near 40
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WaitOrAvoidSince posted Silver is down from 20 to 18.24. First target of 18.44 is achieved. Still there is enough room for down move. Nothing to be hurry to buy or accumulate the ETF's. Better one can wait with patience.
14-15 could be an ideal level to start accumulation on the correction. Otherwise I will like to wait for a VSA-SAR buy signal on a daily/2D TF before buying it. Dollar index keep on rising. Precious metals are expected to stay under pressure. Still stand on the sell signal.
XAGUSD Will Be Bearish On Upcoming WeeksAs Per My Analysis On OANDA:XAGUSD If All thing Are happend as i wish i will enter and wait for my target
Silver Short But Very Good Buy Opportunity To Buy the LowSilver Is Limited In Lower Range But Should Bounce From Those Lower Levels Expecting Silver To Touch $21.XX With a Strict SL Below $19.40
Can Go Buy Around $21.XX Levels
Patience is The Key For Success
💡 SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 19.750, resumption of uptrend is expected.
We make sure when the resistance at 24.000 breaks.
If the support at 19.750 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 20.890 on 06/14/2022, so more gains to resistance(s) 21.452, 22.127, 22.995 and maximum to Major Resistance (24.000) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.
Supports and Resistances:
60.000
49.800
44.200
37.500
33.450
29.850
28.304
26.940
13.600
11.250
9.400
8.450
7.650
7.000
6.200
5.450
4.400
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SILVER - XAGUSD SHORT TERM AND LONG TERM TRADE Potential sell coming in Silver .
TP 1 : 21.107
Trade 2 : 20.690
Big influencing factor : stronger Bond Yields and Powell's testimony .
Stop loss : 21 .620
SHORT TERM BUY SILVER XAGUSD BUY
Target : 21.94
Stop loss : 21.495
USD is weak with dropping US Bond Yields.
Giving boost to Silver and other major commodities.
BIG SELL COMING IN SILVER - XAGUSDElliot Wave Analysis - Corrective Wave 4 Almost Completed .
Wave 4 target - 22.66 & 23.34
Wave 5 target - 19.557
XAGUSD forming a bearish flag pattern
Silver forming a Bearish flag pattern. Expecting it to reach at least 20.5 USD during a breakdown fall.
silver short on hourly candles for approximately 1-2 daysafter impulsive 5 waves
the ongoing sideways formation is abc formation
the wave a of the same has been completed.
the wave b consisting of elliott triangle is marked by a-b-c-d-e
the current downside is the wave c and this should minimum reach the levels of wave A ,
ideally it is beyond that . ( we will review the TAKE PROFIT levels later .
GO SHORT ON this ...
I AM LONG in current future contract and short on next future contract.
OVERALL I am bullish on silver this is just short term trade ....
silver buy longtermsilver chart correction complete elliot wave analysis
confrimation show chart candlestick daily chart
rsi or macd postive crossover
silver buy 21.68
stoploss 20.6
Silver Trading Plan - 06/Apr/2022Hello 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 evolve anytime, hence, always do your analysis and learn trade management before following any idea
silver Long Silver long with strong support at $20.800 keep sl below support on daily closing basis immediate target will be $25 if this support
