Silver risky short.....Am shorting this metal in front of past buying pressure so this is risky......
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Silveranalysis
Silver analysis: bear market rally and what lies aheadSilver has risen by 11% in the last two weeks. This performance comes after losing about 30% since March 8, indicating a so-called bear-market rally.
The main macro driver behind the silver price recovery has been a sharp drop in US bond yields, with the 1 0-year yield falling to 3-month lows at 2.6%, its lowest level since April, as the market now expects the Fed to be more dovish because of the recession.
From a technical standpoint, silver is approaching an important area of technical resistance in the $20.5-20.6 range, which includes the 50-day moving average, which has been trading above the metal's prices for more than three months. This area was also the support level in May, which was then breached in late June, resulting in a sharp selloff.
The significant rebound from the lower line of the major descending channel indicates a positive short-term price momentum for silver , with the RSI breaking above 50 for the first time since April 20th.
An overshoot above $20.7, and then above the psychological level of $21, would provide the bulls with additional confidence. Then, $22-22.3 (May/June resistance & February-April support) provides an important resistance area, where some stronger seller pressure could appear.
However, as long as prices do not decisively exceed the 50% Fibonacci retracement level at $22.6 and the 200-dma at $22.9, the broader silver's picture remains tilted to the bearish side.
Looking ahead, silver's strong correlation with safe-haven gold – which is currently close to one – is a positive factor if recession fears continue to fuel speculation on a dovish Fed. In contrast, if the Fed continues to tighten monetary policy despite the recession, this might keep silver prices relatively contained (below $22.5) for longer.
Analysis by Capital.com's forex and metals analyst Piero Cingari
SILVER (XAGUSD) Bearish Move From Key Level 🪙
Hey traders,
Silver is approaching a key daily resistance.
The underlined blue structure matches perfectly with 0.5 retracement of the last bearish impulse.
The price has already formed a dodji candle on that structure, confirming its strength.
Analyzing lower time frame, I spotted a confirmed breakout of a rising wedge pattern on 1H time frame.
I believe that that pair may drop now.
Initial target - 19.985
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Silver to drop from resistanceSince 27 top made in March, the trend for Silver is clearly down, with the price dropping around 40%.
However, after a few days of consolidation in the 18 support zone, the price reversed and had a very good last week
Now the price is facing a very important resistance zone and a drop from this level could follow
I'm bearish as long as the price is trading under this level
SILVER-XAGUSDThe price of the trend line has broken, and according to my analysis, the price will have a correction from this price range, and then we will see an increase in the price again.
SILVERThis is an analysis based on price action and wave analysis. The price goes up on H4, breaks the trend-line,
Silver: Last Stop !Before we head further down south, the silver price should recover more clearly and rise in the green target zone between $18.94 - $19.99. From there, we expect the last bearish push into the orange zone below.
SILVER (XAGUSD) Top-Down Analysis & Technical Outlook 🪙
Weekly/daily time frame analysis on Silver.
Price action, key levels and candlestick analysis.
Potential scenarios explained.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Silver long....Am waiting from the bullish 4H momentum break of the confluence zone (blue).
Entering on retest for a quick 3.02R.....scale-in brings in extra 0.5R.....
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SILVER Bullish PotentialABCD Bullish reversal pattern
Monthly support rejects the price and appears two Bullish Hammer and Inverted Hammer
Here This level is three Bullish Signal maybe this point is trend Reversal
Stop Loss: 18.04
XAGUSD Short Tram BUY signal....NOW
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Traders, if you like this idea or have your own opinion about it,
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XAGUSD - Silver Next Possible Move ??XAGUSD - Silver Technical Analysis Chart Update
Time Frame - H1
Patterns in Long Time Frame ( LTF )
1 - Bearish Channel with Rejection from the lower trend line ( LTL )
2 - Impulse Correction Impulse
Patterns in Shorter Time Frame ( STF )
1 - Elliot waves with Corrective '' B '' wave done now Heading Towards '' C ''
2 - Bearish Channel
3 - Rejection from Good Fibonacci Level - 23.70 %
4 - Divergence
Silver possible will Bull soon
Hey guys, this is part of my post earlier explaining the bigger picture and what we could be seeing till the end of the year into 2023. Gold and silver are both bouncing on previous support lines and after the next sell-off in the equity markets, we could see a double bottom solidifying the bottom for now and see precious metals bull hard maybe back up to the highs of this year before the next inflation cycle downturn early next year.
This idea is supported by the pattern with the AUD - USD, if you compare Silver with AUD they track perfectly so is a great indicator of precious metals markets (chart below).
DXY and yields falling also support this idea.
Silver Long Term AnalysisIn daily chart we can easily see Silver doing a bullish divergence. RSI is under 30 since nearly the beginning of the month so I think that looking really oversold. In addition to these if we look at the EMA 200 line which was resistance and support for many times, I think we can take that line as our reference target point. Since EMA200 and $22 support nearly at the same level thats not so impossible to see that location as target and a resistance.
SILVER (XAGUSD): How to Catch a Bullish Move? 🪙
Hey traders,
Silver is taking off from a major demand area that we spotted on a weekly time frame.
To catch a bullish move, watch a falling intraday parallel channel.
Your confirmation will be its bullish breakout.
After a breakout, a bullish move will be expected at least to 19.3 level.
If the price breaks a yellow structure to the downside, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
silver long...Am entering for 2.95R with a potential scale-in that might yield a total combined R of 4.25R.
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XAGUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments respectful.
Thanks for your support....
Jamie Gun2Head - Selling SilverTrade Idea: Selling silver
Reasoning: Finding resistance at the 61.8% Fibonacci level, may the bear trend continue!
Entry Level: 18.905
Take Profit Level: 18.150
Stop Loss: 19.110
Risk/Reward: 3.68:1
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Big Moment For SilverHi, this is my new update for Silver. Silver has lost 32% of its value since March 2022 and I expect we have reached the bottom. If we look at the purple rectangles we see that the area between $18 - 19.50 always acted like support and resistance level in different periods. In July 2020 we broke the multi year resistance level (2014-2020) and we never backtested. I think now we have finally backtested it like a support level and at the same time we have reached a 61.8% FIB retracement level. We also have an oversold RSI level and I expect we are going to make a double bottom in the RSI like I drew and that will give us a bullish momentum. In the short term I expect we are going from $18 - 20.50 to backtest the 200 weeks moving average and I will update you guys in the near future.
solverDue to the high momentum of the downward trend, the support of $18 will be broken and the price target is $12.8-13.7.
Silver under pressure and further downside is expectedSilver - Intraday - We look to Sell at 18.85 (stop at 19.09)
The medium term bias remains bearish. Previous support level of 18.74 broken. A weaker opening is expected to challenge bullish resolve. Bespoke resistance is located at 18.85. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 18.85, resulting in improved risk/reward.
Our profit targets will be 18.14 and 17.90
Resistance: 18.74 / 18.85 / 19.41
Support: 18.14 / 18.00 / 17.90
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XAGUSD Broken last Support Zone, Descending TriangleI am sorry I am a little late on this one since I have not traded it for a while. Just like gold (XAUUSD), Silver is also influenced directly by USD. With USD on steroids, silver has broken lower than the last support of 21.83. It is now approaching its first target zone marked in green, breaking where it will proceed to the target zone 2.
This trend will not stop until the Federal Reserve gives it a break on the hawkish policies to strengthen USD.
The large descending triangle covers the entire period where USD lost its ground owing to COVID and USA presidential elections and is now on its way to reclaim its glory, although through some very drastic measures.
Please consider these target zones to see the most probable future targets. In order to proceed to the Target zone 2, it must break lower than target zone 1.
Happy trading, Happier profits, be a responsible trader and ensure proper risk management :)
