Silver possible wave counts are still suggesting not to go long at these levels, this may correct more, be cautious. Possible Elliot wave counts on weekly time frame macd in weekly is negative Possible Elliot wave counts on daily time frame macd in daily Negative Possible Elliot wave counts on 4 hourly time frame macd in 4 hourly is still below zero...
Silver ETF holdings globally are at it's lowest levels since Mid-2020. Today the Silver stand at its crucial support zone of $18/oz . On Weekly charts although the fall can be considered as a Throwback. I believe this is a Flag Pattern formation after it's steep rise from 13th July'20 from $18.513 to $29.8 by December '20 which was 61% price rise in a mere half...
This chart of Silver shows the Longest BEARISH Trend that I have known for a while. It is self explainatory. In as much as the Strategy says SHORT...... this position was created many months ago. I am merely showing you all the way Forward from current prices
Silver- Most Undervalued Assset. Silver bottomed to M2SL
expecting a small dip, then makes high. its going to enter buy zone
As updated in the charts we still expect a little upside movement in silver for completing its 4th leg before moving towards its final showdown or the last leg (wave 5). It’s not the right time to trade anyways in silver . We still wait for a perfect entry . Thank you so much .
silver has not yet bottomed still waitting for one more leg down.
Silver CMP 20$ This is a weekly chart of silver... Looking at the chart, we can see that Silver have completed its one wave cycle at 18.15$ and possible WAVE 3 started .... as long as 18.15$ holds, Silver would be buy on dips from here for where I would be looking for 30$ as my 1st tgts Just a View!! Vedang
On monthly chart silver rejected from the support and looking good if hold the recent low .
FUNDAMENTALS 1) Strong demand from industrial use of electrification of economies. 2) Funds being diverted from stocks to Gold/Silver 3) gold/ Silver ratio near a peak. 4) 40% down from highs and at support of 12 years of consolidation.
Long seems to be bullish now for target of $19.5. After a big correction it seems to be have some bounce back.
Silver had broken support trendline and closed yesterday below 20 day moving average, which is clear sign of bearishness ahead. After bounce from lower end of falling channel it got rejection at upper end of falling channel, also RK's Momentum turned in sell mode, all other trend indicators like macd, rsi etc. are also suggesting same bias, According to wave...
Since posted Silver is down from 20 to 18.24. First target of 18.44 is achieved. Still there is enough room for down move. Nothing to be hurry to buy or accumulate the ETF's. Better one can wait with patience. 14-15 could be an ideal level to start accumulation on the correction. Otherwise I will like to wait for a VSA-SAR buy signal on a daily/2D TF before...
As Per My Analysis On OANDA:XAGUSD If All thing Are happend as i wish i will enter and wait for my target
Silver Is Limited In Lower Range But Should Bounce From Those Lower Levels Expecting Silver To Touch $21.XX With a Strict SL Below $19.40 Can Go Buy Around $21.XX Levels Patience is The Key For Success
Midterm forecast: While the price is above the support 19.750, resumption of uptrend is expected. We make sure when the resistance at 24.000 breaks. If the support at 19.750 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 50 is not broken, the probability of price increase would...
Potential sell coming in Silver . TP 1 : 21.107 Trade 2 : 20.690 Big influencing factor : stronger Bond Yields and Powell's testimony . Stop loss : 21 .620