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Silveranalysis

Silver: Keep the Pot Boiling 🫕Quite peppily, silver has vaulted upwards, only to stop short in front of its next destination. Now, it should keep the pot boiling and take up speed anew to make it into the upper green zone between $20.12 and $20.70, where it should finish wave 3 in green. After a short counter movement into the lower green zone between $19.56 and $18.93, silver should continue to climb northwards. There is a 40% chance, though, that silver might need a break and could drop below the support at $17.40. In that case, it should take a detour through the magenta colored zone between $17.23 and $14.14 first before rising effectively.
COMEX:SI1!
by MarketIntel
Silver | Price Is Close To a Breaking PointSilver | Price Is Close To a Breaking Point After the price tested a strong support area close to 17.5 we can see it rising again. Actually, the price is within a very large corrective pattern and now it is close to critical. It can be called a breaking point because the actual pattern support the bullish and the bearish movement at the same time. If the price will find the power to bounce above $20.20 we can see it rising further up to $22.40, otherwise the price can move down again following the red scenario. Thank you and Good Luck!
FX:XAGUSD
by KlejdiCuni
7
Silver breaks both the 50-day MA and the bearish trend lineWhat a day for silver ! Spot silver went up more than 5% to $19.7 per troy ounce in one of the best sessions this year, hitting the highest levels since August 18. Silver's daily price action broke through both the 50-day moving average and the 2022 bearish trend line connecting the lower highs of April and August. Momentum indicators show the daily RSI spiking above 50 and the MACD providing a bullish crossover last Friday. The latter has been a reliable bullish technical signal. The May 19 MACD bullish crossover led to a 5.7% rally until June. The July 21 MACD bullish crossover sparked a 12.1% rally to mid-August. The following key resistance levels to keep an eye on are: 20.00 (psychological), 20.8 (August highs), and 21.15 (38.2% Fibonacci of 2022 low to high). The 50-dma at 19.23 now represents the immediate support level on the downside. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
TVC:SILVER
by Capitalcom
SILVER (XAGUSD) Important Breakout & Bearish Continuation 🪙 Hey traders, Silver remains under a strong bearish pressure: the price broke and closed below a key daily structure support cluster this week. The next support that is spotted is 17.0. I believe it is the next goal for sellers. I will be waiting for an occasional retest of a broken structure to short from there. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
4
XAGUSD Bearish ContinuationAs I elaborated in my previous idea regarding precious metal silver (see related idea) that tide is bearish for sure. We are witnessing a complete subjugation of the silver metal price to the USD. It tried to retest the last support region starting at 21.10 but miserably failed giving out an outrageous weekly bearish engulfing like Gold. What we are expecting is that the silver metal will retest the target zone 1, starting at 18.50 and ending at 17.10, Breaking here we can be expecting 15.xx and lower, extending to lower target zones. Apparently, that dragonfly doji on monthly timeframe for the month of July, 2022 means little for now. As for my fellows thinking that "Bulls might appear at any time", it is unlikely to happen before at least it touched 18.5. Please take care of your capital and always follow the trend. Trading suggestions: 1- We might see a little correction at this point, since we had a fairly large bearish engulfing marubozu on weekly 2- The most probable level ahead is 18.1-18.5 3- We are not sure if we might get to see double bottoms at 18.1-18.5, therefore, make no assumptions that it might be heading lower before the decision of yearly lowest price is made i.e. 18.13 4- If 18.13 is broken, we might see lower 17s very soon 5- Avoid long positions 6- Ensure proper risk management Happy trading and Happier profits :)
OANDA:XAGUSDShort
by Uzi-Trades-Forex
10
XAG/USD - Silver Next Move 25 - AugustXAG / USD ( Silver / U.S Dollar ) Technical Analysis Chart Update Time Frame - M30 According to the Pattern it is Following the RISING WEDGE and its rejecing from the Lower Trend Line #LTL Another reason for Sell is ELLIOT WAVE it has completed the Impulsive waves and Making its " B " corrective wave after that it will follow Sell trend to complete its " C " corrective wave and its possible that it will reject from the Fibonacci level 78.60% If it rejects with the Strong Bearish Price Action it will be Good for Sell
TVC:SILVER
by ForexDetective