Silveranalysis
Silver JUST SELL We dont buy this prices high inflation will hit all assets
But but but under 17 ill start buying for long term it will sky rocket in rescission
Moving average's about to cross and it will drop the price lower
Over bought in weekly and going down as indicators show
18.5. -17.5 -16
GOOD LUCK
Silver: TightIt’s getting tight! Silver hasn’t all that much room left to finish wave 4 in green… We expect it to make it in time, though, and to go for the resistance at $20.87 afterwards. Once above this mark, silver should push off into the orange zone between $22.11 and $23.72 to complete wave 5 in green as well as wave iii in orange, before starting a countermovement. However, there is a 45% chance that silver could fail to get its act together early enough and could thus drop below the support at $18.96, which would then trigger further descent below the next marks at $17.89 and $17.40.
Silver could rise from supportAfter the break above descending trend line's resistance followed by a break also above horizontal resistance, Silver made a high at 21.20 and started to drop.
As I said in my previous analysis, prices under 20 should provide strong support and a new leg up could follow.
At the time of writing Silver is trading exactly in this support and bulls can regain control from this point.
22 zone can be buyers' target and negation comes with a drop under 19
Silver- 19.50-20 zone is very important for bullsOn Monday, Silver has a strong bull break above 20usd very important zone given by the horizontal, psychological, and falling trend line of a channel.
Yesterday the price had an intraday correction and at this moment looks ready to continue its ascent.
The next target is 22 resistance and for this scenario to be valid 20 and slightly under should remain intact.
Buy dips in that zone can be a good strategy
Silver market catches airSilver is performing magnificently, exactly in the momentum moves envisioned by the Elliott waves. At the moment, we are in the wave (iv) of the . The wave (iii) we have completed at the high of $ 21.3 A slope of almost 19% in less than a week. Where else is there something like that?
We reach the end of wave at least at the 1.618 extension at 22.135$, but also the 200% extension at 23.12$ can be reached easily.
Often the fifth waves reach the 1 extension of the wave, which is approximately at 22.8$. So, an overshooting wave can be expected according to the current structure. Good for all who are invested in silver.
The (iv) should bottom at the 0.382 retracement at $20.020 and then extend the last impulse wave before we correct again in the .
Don't Trip on the Silver Dip!Silver (XAG/USD) maintains the top. Therefore I expect the precious metal to plunge towards a decisive break below the September 16 low of 18.76, which would indicate that this month’s rebound was a dead-cat bounce, raising the prospect of a retest of the September 1 low of 17.53. Furthermore, a decisive break below 17.53 would be a sign that silver had resumed its medium-term downtrend.
Silver Chart With Resistance Levels & Inside Bar Bull Break
This chart points out a head and shoulders pattern, which is very bullish. I also drew the resistance lines showing the potential price.
The chart also shows an inside bar bull break which is also very bullish.
Keep in mind i am not a chart expert.
Please comment on my charting.
Silver Market near to bottom Silver got off to a good start and built a clean 5-part move through September 12, where it closed the wave at $20,020 per ounce. Expected after wave is a correction between the 0.618 Fibonnaci retracement and the 0.887 Fibonacci retracement. This area, starting from 18.4$ has silver now expired and with the entry of the territory of the (i) now the alternative wave (iv) excluded.
Silver is expected to change trend direction in the pink trend reversal area and complete the , then continue to rise higher in a wave .