Taking support at previously tested area and bottom of channel.Silver is taking support at previously broken resistance area and bottom of a channel. moving out of the channel again would take the price to higher levels.
About Silver / U.S. Dollar
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.
stuck inside the channel. Will observe for clarity. silver - stuck inside the channel. Will observe for clarity.
XAGUSD_15MXAGUSD_15M BEARISH
Everything is mentioned on Charts.
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if closes strong above the Resistance, may look for a long. if closes strong above the Resistance, may look for a long.
Possible formation of Inverse H&S pattern.Wait for confirmation.Possible formation of Inverse H&S pattern near previous support. Wait for confirmation.
This is only for educational purpose.
Possible Channel breakout and upside move is expected. Possible Channel breakout and upside move is expected . Provided the price holds above the marked resistance.
Please do your analysis and dont lose money !! Keep supporting.
Silver Buy for 34.5, 35, 37 TargetsMany Reasons why Silver is an attractive Buy Now :
1. Inverted H&S getting formed, and Buyers patience is getting tested. Moreover Sellers will be Stuck for Long time untill Jan 2025 Mid at these levels
2. Strong support at 32.50, 32.10, 31.80 in Silver
3. Inverted H&S being formed in Silver, and
silver trade as per chart selling but above buying starttrade in selling with small stoploss and if stoplosss than buying and hold for big return..
silver morning breakout but fail price again return and see th point where r the price?? again near resistance if price breakout and rsi also in good value above trade 20 meaning price may be rock till next
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Displays a symbol's price movements over previous years to identify recurring trends.