SILVER TRADE IDEA (12/12/22) : LONG Silver has been going towards supply all week long. It has continuously broken market structure and will continue going up most of next week. The TP of 25.810 is expected.
This is simply an idea.
Silveranalysis
GOING LONG IN XAGUSDI have noticed the nature of the chart from some previous data that is listed below:
1. The price action goes down in the range of 20 to 30%
2. The price action goes up in the range of 25 to 30%
3. The price action goes in the range of 50-80 days
Going to take a long position due to some reasons as listed below:
1. Trend is Bullish
2. Recently form an inverse head and shoulder which indicates it will go up
3. Divergence line in the RSI is in sync with the chart in the upward direction
4. Strong Green candles at the Higher Low
5. Retest strong 0.236 fib support level
6. Recently head and shoulder gives us a bottom which is a good support if we look back at the 2020 chart
Silver Analysis 06.12.2022Hello Traders,
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silver is about to go downaccording to Elliot wave principle, silver just finished a WXY correction with a 5 wave as wave Y, which terminates at 23.514 and which is exactly 0.618% of the preceding wave and wave Y is just 0.628 points away from 22.912 as 1.618% of the projected wave W, expanded to wave X, where wave Y terminates @ 23.514 of the correction. and on the smaller degree, wave 5 of wave Y terminates at exactly 23.514 which is .618% of the net price action movement of wave 1&3 which indicates the completion of the fifth wave.
Silver-Correct analysisTrue analysis. Tast's an update. Based on my analysis for XAGUSD on Jul 27 & Aug 1.
Observe the money management and the stop loss, to know about analysis, follow me and contact me if you have any comments or questions. (I will answer whenever I have time).
SilverGBP Stack it Prior to a reversal, Powell will increase rates by 0.5 on 12th December. The bear trap!! A black swan event is in play. Everything will be crushed, and they will buy it back for pennies. With a bad scenario, silver could drop to $14. The real wealth lies in gold and silver. The modern world is not the place for your paper money.
SILVER - W patternHello hello! Today we have some nice Ws on many metals, the one on Platinum is already completed, so we could expect a completion on Silver and Gold as well!
Silver - Up, Up and Away!Silver - Up, Up and Away!
Double bottom - been loving the long side of silver, any pull back is an opportunity towards 23 half areas imo and be careful as we still have nfp but even if get a pull back on nfp I am dripping in further silver and other pairs.
Best,
TJ
GOLD - W patternHello hello! Today we have some nice Ws on many metals, the one on Platinum is already completed, so we could expect a completion on Silver and Gold as well!
Is Silver preparing for long bull run?Comparing the last 50 years of the Silver chart along with the 80's market top along with the 2011 market top. We can see a clear cup and handle 42 years in the making.
Price action is laid over 2 indicators
The Extended Golden Ratio Multiplier
The CM Ultimate MA MTF
The focus of this chart is the pink fib line of the Multiplier and the green & red CM Ultimate MA. I have the focus area circled with what seems to be the interesting point of the chart and indicators. In 1987 the price of silver tired to push back through the MA lines but was rejected and in 89 the pink line followed and kept falling. in 2019 and 2020 try's the same move but this time price action pops through then corrects and so far seems to have found support on the MA lines. At the same time the pink line is crossing the now red CM Ultimate line which historically has happen every time price action has made moves up for months and months afterwards.
We also cannot skip or not touch upon the Dragonfly doji caused in the first half of 2020. This too is usually a very indicator that price action could be moving up over the next few candles and beyond.
Although Gold to me is showing some signs of weakness, Silver to me at least from this chart looks like a very bullish for possibly next few years. Let me Know what you think down below.
Thanks for looking
WeAreSat0shi
Stay Blessed!
DeGRAM | SILVER long Silver is in the bullish trend .
Price action made a complex pullback and rejected the support level .
The market is trading ascending channel and we expect further bullish move.
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Short term S&H pattern on Silver INRCould give a quick move the neckline. Expecting Silver to make a higher high
Silver update A nice double top pattern in 4 hour frame
Looking for 20.4-20.5 today
Yesterday was a good play but we dont reach our target
Today will be easy target
GOOD LUCK
Silver update Iam already in profit sold the 22 area 21 area my target still the same 20 $ or below
I believe we can drop
Am not a buyer every upside movement is for sell
Today target 20.500
GOOD LUCK
XAGUSD SHORT - REVERSAL COMING!Waiting for a pullback into 21.29082 to short XAGUSD back down to 20.05408
If you agree drop a like and if you have any questions leave a comment :)
Silver quick lookTechnically, silver will test strong support, as what it breached, we may see it again at 22 levels.
The four golden rules of trading
1 Don't be greedy
2 Always use stop loss
3 Never add other positions to the losing positions
4 Use a suitable lot for your account
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$SILVER - SILVER IS STUCK?$SILVER
Is in an Interesting Place right now.
Stuck between Resistance and Support.
What is its next move?
Must we get another move down, the blue line would be the optimal entry price.
#Silver
Check my Linked Idea to Gold/Silver Ratio, suggesting that silver might break this important resistance line.
Long Silver after reaching support zone.For next week, looking to see Silver go to Buy zone at 18.5 around.
After what we should see Bankers get long on Silver.
The perfect call will be with price falling on that zone...and they buy silver.
For the stop, it will be of course few pips lower that price failure or zone buy zone.
Buying via Future contracts 03-23, so I don't have to pay Swaps.
Silver update Bought more at dip and when it reach the target ill be a seller
It was a small trade , but it doesn't success.
Any way i believe the direction is down and my target still the same 20-19 .
When it goes up ill turn again to seller.
GOOD LUCK
Financial Wave. SilverOur view on silver remains the same. We assumed that the price would turn down from $22-22.5. The first downside target in wave (v) is $18. A rise above $22.50 cancels this scenario.
Silver update We take some profit leave the rest
I will buy the small correction wave
From blue line here to red lines
ILL UPDATE LATER
GOOD LUCK
Silver Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Sagar Bhai, Silver had an excellent run in last 1 month from below 55K level to 63K plus level. Silver has made LH-Lower High pattern on chart, trading below VWAP. Showing sign of tiredness after decent up move. Silver is likely to consolidate or correct from this level. This is a good time to book profit. 59000 to 60000 should be good range to enter in long position for few months. We are likely to get a chance near next US FED hike when US Dollar Index will get stronger. Please review & share your thoughts as well.
