Buy above 21.02 only for short a target of 21.57 and more in future, Candle of 3:08 p.m. is going to dictate. Mark Low and High of this candle and it is likely to change the trend prevailing then.
Elliott Wave Analysis
A correction is taking place and A wave was completed and B wave was a triangle formation.
If it break the 22.11245 then we may expect to 20.62285 - 21.27841.
Silver is currently at a daily support zone. if it breaks the low of the current daily candle or forms a 4hr candle close below support we can plan a short trade targeting next support zones.
Silver is at 13 months upward channel support, and just above 200 week EMA, and upward journey is expected if it doesn't bbreak these two supports.
Let's see how it works next week.
Silver- Getting bullish. Watch the level marked by white horizontal line and red diamond. Next 1H Candle may turn it out of clutches.
I am not a registered analyst with any National/International agency. Please consult your financial advisor before making any decision.
Today' s Low 22.815 Sell Below and Levels
22.739.2 22.66 22,58 22.513
Buy above and...
Silver is traded on support level. silver didnt break three support level ( s1 : 22.11, s2 : 22.22, s3 : 22.29 ). Its shows the good potential to buy in medium term. If it is not break the certain level so there is possibility to go up.
Silver is purely long, if this candle is not broken downside. But would suggest to wait till tomorrow.
Don't be in haste. Risky players can buy here checking next candle, risk averse should wait till tomorrow.
Please refer to my morning session idea on silver and adhere to those levels.
Silver has made triple top right now at 23.22 and preparing to go above that.
Above that marked is a white line and corresponding red diamond, showing swing of previous high at 23.312.
Buy above white line only and first target is marked by green horizontal line at 23.665.
Please let the proper levels come and then only execute.
I am not a registered analyst...
The inverse head and shoulder chart pattern is part of technical analysis.
Support level of XAGUSD is 23.07, if it is break down then you will see downtrend in this chart pattern. Target will be 15-20 points.
Silver is setting up nicely to either Break out of the resistance trendline.
It can either breakout of the downward sloping trendline which might take it to the previous high or it may take resistance and come down to the support line!
Keep your eyes open and lets see how the price action unfolds here
silver has strong support 23.70$ near if stya ablw thna mkt again bear mode till 23.30--23$ or resistance 24.35$ if stya abv thna up ward move 24.60--25-25.20$ or if hold abv 23.70 thna mkt ready fro zoommmmmm keep eys on lvl
