Silver has given a fresh break out today (16/07/19)TVC:SILVER Buy silver on every dip, for targets exceeding 40-42kLongby ipuneet334
A trading opportunity to buy in SilverMidterm forecast: While the price is above the support 14.80, beginning of uptrend is expected. We make sure when the resistance at 16.20 breaks. If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 15.55 on 06/21/2019, so more losses to support(s) 15.30, 15.15, 14.95 and minimum to Major Support (14.80) 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 63. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (14.95 to 14.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (14.95) Ending of entry zone (14.80) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 15.15 TP2= @ 15.30 TP3= @ 15.60 TP4= @ 16.20 TP5= @ 17.20 TP6= @ 18.10 TP7= FreeLongby ForecastCity_EU6
Silver : Range $ 13.70-17Trendline support has now become resistance. White metal is trading at 78.6% support level which is $13.75. $ 17 would act as major supply zone which needs to be broken decisively on closing basis for change in the overall bearish to sideways trend. by UnknownUnicorn42605591
There is a trading opportunity to buy in SILVERTrading suggestion: . There is a possibility of temporary retracement to suggested support line (14.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 69. Take Profits: TP1= @ 15.068 TP2= @ 15.335 TP3= @ 15.630 SL= @ 14.260Longby ForecastCity_EU115
Sell Trade set up April/May ContractOne can look for short selling on reversal 2 hour at or near the possible reversal area and look to book by trailing stop near the target Shortby ShreeKrishnaUpdated 1
Some bounce back may happen..Some bounce back may happen.. becoze it is near around downtrend channel support line... nd as per RSI Indicator it is at oversold level..Longby shivasaini931
Silver : Wolfe PatternSilver looks to have formed bullish Wolfe Pattern on daily chart. Breakout has already taken place. Silver should touch $15.65 by ETA of 13th May 2019 (converging point of wedge). Wave 1 took 11 days , wave 2 took 11 days, wave 3 is much shorter and took 4 days (aberration), Wave 4 took 10 days. If we go for symmetry then we won't find as Point 1 to 3 took 22 days but point 3 to point 5 took 14 days. It is up to the analyst to consider it Wolfe or Bullish Wedge pattern. Stop loss of buy would be on close below low of Point 5 which is $ 14.70 (margin of safety). Longby UnknownUnicorn4260559Updated 0
Silver : Time to go long ?Silver is trading near the support of Golden Ratio (61.8%). Silver had faced hurdle at $ 14.60-15 range when it posted bottom at $ 13.89. It has now become support zone.White metal has bounced from 61.8% retracement of rally from $13.89 to $16.21 which is $14.78. Resistance on higher side is at $ 15.12 and $15.40. ROC and Stochastic are showing positive divergence on daily chart.Historically, Gold Silver ratio has averaged around 66 level which is now trading at 85. If we assume that mean reversion will take place in near term, then at $1400 price of Gold (analyst consensus), silver should trade at $ 21 level. CFTC Non Commercial net position has dropped from high of 58300 long (5-Marc-19) to 5900 long in last reading of 20th April.Silver had posted $ 13.70 bottom in Dec 2015 and then we saw rally towards $21 in just 6 months of time frame. Our take : Buy Silver on daily close above $ 15.12 with stop loss of $14.70 (daily closing) for target $ 16.21- $17.20. Longby UnknownUnicorn42605590
Prime cup and handle example. Stacking and hold for $100+ SilverSilver will break $50 by 2023Longby FutureThinker550
SILVER 30SILVER looks bullish, RSI also crosses 60 mark with positive upward momentum. Buying SILVER is a good idea for now. TARGET- 15.470 with 1:2 Risk/Reward Longby adityathetrader111
MONK NEGOTIATES SILVERTRADE SETUP AS PER MONK STRATEGY. ONE SINGLE TRENDLINE AND THAT IS ALL YOU NEED TO TRADE AS PER PRICE ACTION. ALL THE BESTEducationby Tradingshiksha1
SILVER good to buy on dips around $15.40-15 with SL around $14.7Silver continues to trade higher for second consecutive day and closed above $15.50 for the first time since June 2018. This confirms major bullishness and a jump till $15.90/$ On the higher side, yellow metal is facing strong psychological resistance around $16.21 and break above will take the silver to next level till $17.40/$18.64. The near term support is around $14.80-14.40 and any violation below will drag the commodity down till $13.90/$12.55.Any break below $12.55 confirms minor weakness. It is good to buy on dips around $15.40-15 with SL around $14.70 for the TP of $17.40-18.64. Longby NeelamTiwari2
BREAKOUT @ SILVER (UPDATE)LEVELS MENTIONED IN THE CHART. Disclaimer: It is very important to do your own analysis before making any investment based on the chart mentioned here. Trade wisely! Shortby pravinosharma111
FLAG-PENNANT @SILVERLEVELS MENTIONED IN THE CHART. Disclaimer: It is very important to do your own analysis before making any investment based on the chart mentioned here. Trade wisely! by pravinosharma111
SilverCurrently Silver is within consolidation on Hourly Chart. It has taken support multiple times in the range of 15.450 to 15.550 which is very akin to 0.382 Fibo Retracement from the previous swing low. Till the time its holding onto that support, the chances of breakout above resistance zone increases and we might get a good long entry.Longby Akshath1994Updated 3
Silver spot near breaking of resistance Silver spot near breaking of resistance 14.80 can rise till 14.90 and above 15 also possible . After long time consolidation takes place in silver and now it signaling breakout and taking support around 14.40Longby deepanshu4220