silver 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 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...
$Silver Daily Rejection to Trend-line Possible to Fall Till 19.34
Midterm 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...
On 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...
As we see Silver is not breakout that trend-line so I'm expecting silver will touch 18.3200 let's see till target HIT..
Midterm 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...
this is why im looking to go long this week on silverrrr.
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 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? REMEMBER THE NAME TBB- TRADE BEAR AND BULLS LEARN ONCE AND EARN FOREVER
this is why im shorting silver. this is my second trade idea
im waiting to price reach my discount levels to take a buy. i will try and scalp
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
ive 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 xagusd buy @ 19.492 Stop loss 15.180 Target one 21.226 Target two 30.069 Trade based on long term prediction by Manpritfx
Long 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 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.