Silver Prices have been followed for centuries. Silver (XAG) is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand. Ag is the chemical symbol for silver on the periodic table of elements and its ISO currency symbol is XAG.
Midterm forecast:
While the price is above the support 13.60, beginning of uptrend is expected.
We make sure when the resistance at 15.60 breaks.
If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Trading suggestion:
There is a possibility of temporary retracement to suggested Buy Zone (14.650 to 14.400). We wait ...
Silver is showing huge consolidation for the few years revolving around the same line making it support and resistance.
Positional Idea -
Currently, if that line is not broken on closing basis which means Silver doesn't close below that line but can establish low points there), one can buy Silver.
Intraday Idea -
Also, it is getting selling pressure in the ...
Current trend
Silver prices showed moderate growth at the trading last Friday, receiving support from weaker than expected data on the US labor market.
In addition, commodities were supported by another aggravation of trade relations between the US and China, after Donald Trump ordered to create a new list of Chinese goods to raise import duties worth USD 100 ...
The Silver is more vulnabrable on the down side than Gold . Silver has always been a Sell on rallies
Silver is unable to cross strong resistance level of 16.8 - 17.2 Zone
Below 16.8 the next support is 16.6 and lower 16.400
Once below 16.400 there is small support at 16.200 and lower major support is 15.800 only
The Silver is trading is this range . Keep ...
https://in.tradingview.com/x/tGiNReo1/https://in.tradingview.com/x/oEqnbP7D/
In short our additional full net short size in both of our precious metals is well justified from the reward and risk perspective at the time of writing this article/idea
In our previous post we already mentioned many times that friday's session can be volatile and very tricky to predict ...
Since last 16 months , silver price was trading in a H & S pattern. On 7 th July it broke neckline and went down towards 15.122 around and as usually happens price came back above neckline, forcing bears to cover their shorts. But price made its upward journey in rising wedge and it is about to breakout now. All this is about positional trading and not for ...
there is rising wedge on silver 4h chart. I cant draw it accurately here because chart is too much little to make drawings on it & I am not pro member. Last candle touched resistance line of rising wedge & returned back. ( see last red candle ). Breakout of this chart pattern is downward. Draw it on your chart and trade accordingly.
