Silveranalysis
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.
Buying Silver at trend of higher lows.Silver - Intraday - We look to Buy at 21.62 (stop at 21.37)
Dips continue to attract buyers.
Bespoke resistance is located at 22.69.
Due to an Ending Wedge formation, we continue to treat extended gains with caution.
The trend of higher lows is located at 21.53.
Bespoke support is located at 21.62.
Preferred trade is to buy on dips.
Intraday signals are far from strong.
Our profit targets will be 22.36 and 22.56
Resistance: 22.24 / 22.69 / 23.00
Support: 21.62 / 21.53 / 20.78
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Silver-XAGUSDThis is an opportunity for professionals.
According to my analysis, the trend is still bearish.
FOMC is an important news that has a big impact on the price of symbols.
In my opinion, this time will cause more icons to fall.
Follow me, like, comment, and any questions.
Caution today has important news so observe the money management .
Silver vs CPI numbers !Silver confirm ( bearish rectangular)
CPI TOMORROW
if someone think i hate silver , he is absolutely wrong .
TREND IS YOUR FRIEND
Rectangular bearish pattern mean we can go down same percentage of consolidation range percent
CPI with 75 ppt rise 18 $ in silver is normal
Good luck all!
SILVER Volatility Forecast 7-11 November 2022 SILVER Volatility Forecast 7-11 November 2022
We can see that this week our volatility is at 4.08% which declined from 4.55% last week.
Currently according to ATR we are on 26th percentile, and according to SILVER IV we are on 42th percentile, indicating in both cases, that we are currently is stable market.
Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 32.3% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 21.8
BOT: 19.9
This can also be translated as a 67.7% chance that the market is going to move within this established range.
At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
70% chance that we are going to touch the previous high of 20.9
30% chance that we are going to touch the previous low of 18.8
#SILVER Weekly Major Support & Resistance levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
DeGRAM | Silver shortSilver is clear in the consolodation .
Price action made a complex pullback. Price bounced off the major resistance level before .
A false break is a great signal and opportunity for a trend continuation trade.
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Silver (XAGUSD): Key Levels to Watch Next Week
Hey traders,
What a bullish move on Silver on Friday.
Here are the key levels for you to watch next week:
Resistance 1: 21.05 - 21.23 area
It will be the next goal for buyers most likely.
Support 1: 19.06 - 20.07 area
Support 2: major rising trend line
Support 3: 18.7 - 18.94 area
Consider these structure for pullback/breakout trades.
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