Bullish on SilverAfter slight retracement, silver will make new high. My target is $25.
I am not a financial advisor, This analysis is only for educational purpose.
XAGUSD trade ideas
$XAGUSD Short 17.56$Silver Daily Tapped in Bearish Rising Wedge Possible Fall Til 17.56
Wait For The Conformation Breakout And Retest Also Head Snd Shoulder Expecting Let's See The Reaction
SILVER52-Week High 27.500
14 Day RSI at 80% 25.112
Pivot Point 3rd Level Resistance 24.219
23.890 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 23.719
23.642 61.8% Retracement from the 52 Week Low
Pivot Point 1st Resistance Point 23.379
High 23.220 High
1-Month High 23.220
13-Week High 23.220
Last 23.038s Last
14 Day RSI at 70% 22.958
22.879 Pivot Point
22.696 14-3 Day Raw Stochastic at 80%
Previous Close 22.637 Previous Close
$silver Short 1919!! $Silver Daily Candle Rejection To Trend-line Retest also Done Possible to Fall Till 19.19
Silver short term bearishsilver can come down in short term, but need to be cautious wait for conformation to make lower - low or to break the lower trend line to break and one can initiate in short trade.
Silver Showing Bearish SignsSilver was uptrending in previous weeks but it has faced rejection at crucial levels and currently there is breakdown of support in silver with RSI below 60 levels.
Silver is kind of swing instrument which means it will swing between resistance and supports and as a trader we should sell at resistance and buy at support.
Silver is trading below 5 EMA with RSI below 60 levels which shows it is corrective phase which may form A-B-C wave as per elliot wave principle.
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 17.520, resumption of uptrend is expected.
We make sure when the resistance at 22.417 breaks.
If the support at 17.520 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 22.245 on 11/15/2022, so more losses to support(s) 20.621, 19.939, 19.525 and minimum to Major Support (17.520) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 56.
Take Profits:
19.939
20.621
21.200
22.417
24.129
25.986
26.940
28.304
29.850
37.500
44.200
49.800
60.000
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Silver to resume Bear Market rallyOn Weekly Basis:
Silver completed its 50% correction from USD 26 to 18. There are several resistance pivots at 22.15 on weekly charts. Wave A, B, C and D is over in Silver and Wave E should resume anytime now. Short sell is a good choice at 22 level with a target of 14 which becomes a strong buy from long term point of view. 200 DMA is also at 21.45 where price below the level would confirm the bear market rally. It has come out of oversold position to neutral zone.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
Silver short 18.3200As we see Silver is not breakout that trend-line so I'm expecting silver will touch 18.3200 let's see till target HIT..
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 17.520, beginning of uptrend is expected.
We make sure when the resistance at 21.200 breaks.
If the support at 17.520 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 18.080 on 10/14/2022, so more gains maximum to Major Resistance (21.200) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 64.
Take Profits:
19.939
20.621
21.200
22.417
24.129
25.986
26.940
28.304
29.850
37.500
44.200
49.800
60.000
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
The great silver squeeze?If the retail group that had their way with AMC has their way..they want to push hard on 2 metals..
Silver & Copper..
SIlver above 21.65 could move much higher and quick again. I'd watch this space w interest to see if the above mentioend metals and gold hit some sort of a squeeze upwards.
XAGUSD SILVER USDOLLOR ON BUY SIDE WITH VERY BULLISH PATTERNXAGUSD SILVER USDOLLOR ON BUY SIDE WITH VERY BULLISH PATTERN. it has made perfectly cup and handle if you look t perfect then inv head and shoulder.everything has mentioned in charts.
try to read out and if you find and difficulty thne dm us
comment below what DO you think?
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hunting silver 11/3/22im waiting to price reach my discount levels to take a buy. i will try and scalp
silver buying silver until it reaches into premiums so i can catch the overall sell i want but until then i want to see how prices run on liquidity to the upside
hunting silverive been watching silver for years now and she normally pushes up to test my 0.7 levels but we see a strong willingness to push down, lets seeeee
Silver long possible Silver xagusd buy @ 19.492
Stop loss 15.180
Target one 21.226
Target two 30.069
Trade based on long term prediction by Manpritfx
XAGUSDLong Setup based on the key levels of interest - price action and trend.
Let's see. Everything depends on US data.
$Silver 19.2/19.4$ If Not Flips We Will See 17.5/16.9$!!$Silver 19.2/19.4$ If Not Flips We Will See 17.5/16.9$!!
Silver - HUGE weekly candleSilver has got hammered this week. If Silver falls below 17.95 it could fall to 15.50.
It was a huge negative weekly candle this week.
