SilverSome precious metal fans will get upset there is an early idea how this might turn out. Will leave it here for myself to time some potential crazy ass events next year.
Silveranalysis
SVM after consolidation showing "HEAD & SHOULDERS" - ready for ^Silver and SVM has consolidated to new lows in 2021. Await FED printing program QE to float more QQQ.
SVM showing head and shoulders after retracing that should break upward from current position. Silver will need to get back to $25, or $28 range for really good up.
Just my opine, trade at your own risk as call for Jan in the money, or buy due to inflation of FED printing program. Hard to have $3.4+T budget without more paper...gold std long gone.
@Pokethebear Love to hear from the Metal Bears and Bulls.
$XAGUSD - Goes to $26Hi guys! 👋🏻
🔔 Silver continues its uptrend since September 30, 2021 when it hit the newly lows of the year. The uptrend is backed by the FED’s tapering plan which should start in November. Despite the positive US Jobless Claims, the US Dollar index remains under pressure below the 93.7 level.
🔔 The US Dollar index is still vulnerable below the 93.7 which is a crucial resistance. The DXY chart I was posting in my previous articles still seems to be valid and the USD might drop to 92.5 - 92.4 levels to complete the expanding diagonal pattern.
🔔 As for the technical analysis, Silver on a daily chart is currently testing a resistance level formed by MA100. If XAGUSD doesn’t overtake this resistance, it might drop to $23.5 to find the next support backed by the EMA50.
🔔 RSI indicator shows signs of a correction ahead, MACD remains bullish. Hence, after a slight correction, XAGUSD may continue the uptrend up to $26 and $26.8.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Silver: Perfect Hit! 💯💯💯The silver price hit the target of the countermovement at $24.54 perfectly. Now, in order to also continue this perfect movement, it needs to fall. Overall, the price should approach areas below $18.82. Another increase has a probability of 35% and would need the silver price to surge past $24.94 to realize.
Happy weekend!
SILVER...A BULLISH GOLDMINE??? UPDATE.Looks like we are on schedule. there is soon to be a bearish pull back but my sentiment is bullish over all wait for pull to 23.780 then buy again (setting buy stops would be a good idea).
Silver go upsilver will have a rise in the next few days put tp1 with large capital but aim for tp 2. I recommend taking silver only to the largest accounts, however within 2 weeks the silver will reach 28,317
XAGUSD LONG SILVERXAGUSD is making higher high and higher lows with many candle stick indicating the continuation of the bullish trend on hourly time frame. An attempt to long silver XAUUSD can be made with the stop loss of 23.57750 which is previous higher low.
Silver Squeeze: Buy the DipLet's be real, Joe Biden is everyone's worst nightmare. But the inflation continues. And it's rapidly getting worse under the old guy with dementia. We need to find a better balance ⚖️ Where is the Justice? Bitcoin is crushing new ATH's right now, it's really just a measuring device for inflation and based on that measurement silver and gold are being badly manipulated. This is obvious fraud. Everyone knows it. When the IRS starts coming after we the people, it's time for we the people to demand and perform an Audit on them. GameStop and AMC proved without a doubt, what all those keyboard warrior, conspiracy theorists suspected. It's time we put silver and gold at it's rightful price. Send silver to $1,000. That'll get everyone's attention. $ASM my number 1 #SilverSqueeze play. 10x potential.
💡#i36 : A Potential Parting Of Ways. GOLD/SILVER Ratio 🥇🥈📊Put Simply, The Gold To
Silver Price Ratio Represents
How Many Oz. Of Silver
Required, To Buy A
Single Oz. Of Gold ⚖️
Intuition With Observation ♋
Suggests Gold Is Set To
Once Again Outperform 🏁
Second Place Silver.
Detailed Variants of Idea Chart Below 🖼️🎨
TVC:GOLDSILVER
TVC:GOLD
TVC:SILVER
Silver , We need pullback ...Hello everybody
In here we have new rally of Silver that it started days ago and in here in 4h time frame we have new powerful breakwave
The trend is upward and we need some rest and pullback to take position toward the trend ( Buy )
And we have heavy resistance in our way to go up , we can buy some silver after pullback done and wait until the Tp we shown on chart and if the price can rise more we can trail of position and we will going up
According to trend line that we shown , we expect that the price can come to touch it for support then can attack to the resistance zone , and near of the trendline with multi time frame checking and take signal we can buy and take long position
Dont forget use Stop Loss and money management
Good Luck
Abtin
#XAGUSD SILVER LONGTERM BUYING OPPORTUNITYIn Weekly time frame price has formed a line formation, and currently siting on a support area. As a result of this important support area price structure in 4H time frame has shifted to bullish as you can see and price is creating a HH and HL.
Now price is above 4H timeframe 144 EMA and also price is in bearish corrective move for retesting a previous resistance area which because of price bullish move has turned to support.
in lower time frames we have bullish divergence which is another confluence for our trading idea.
Now if price fail to come below the 23.045$ which is our previous low and manage to create a HL comparing to that low in 1H time frame we can technically say this lower time bearish corrective move has ended and we can look for buying opportunity today.
We should remember this is a long term buying opportunity and our target could be around the high of this weekly time frame line formation which is around 29$, so use a wide and good stop loss in order not to get stopped out of this big bullish move in line with your trading strategy.
Silver analysisDue to the movement of silver in the past week and the failure of our resistance, we expect silver to climb to our previous level, a range of about $ 27, observing our previous floor.
SILVER : ARE YOU LOOKING FOR A REVERSAL OR JUST A PULLBACK?Silver managed to breakout of a week of sideways trading last week, ending the week high at 24.87150.
However, on the weekly chart, silver has already made a new bottom, and the current rise is probably a short-term retest of the previous weekly high 24.87150
So, if there is a rejection at level 22.72450 and a breakout at 23.59300, I see a chance to short-term long till 25.17450 or 25.80050 before shorting again and targeting 21.03248
Yes, the short position is still favoured.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
GOLD'S DOWNWARD PRESSURE (MANIPULATION) IS EXHAUSTED! It is hard to technically analyze a market as manipulated as precious metals are. Every day they are bought up in the Asian/Euro markets and slammed (8:30am EST) almost without fail. Ive been watching the metals markets every day for the past decade and I have not seen manipulation this blatant since 2011 (silver take down from $49). The difference today is that the shorts (despite their government backed fiat war chests) have not been able to hold metals down. If you think I am a heretic please educate yourself on governments "rights" as well as ability to "control" every financial asset known to man (expect for Bitcoin) in the interest of preserving the "economy' and the USD. As frustrating as the past decade and this past week has been I relish in the futile attempts central banks and the federal reserves attempts to distort reality and play god with the worlds financial monetary system.
Hocus Pocus aside, from a technical perspective.... Gold and Silver's RSI have turned up on a weekly basis. They have formed a nice inverted head and shoulder pattern, and have finally started to print higher lows and higher highs on a daily basis. It is foolish to underestimate the power and control nice government men have over this market but I am compelled to stick my hands in the fire and buy metals again for a long term hold. The Feds "transitory" rhetoric has fully devolved into a pipe dream even the most foolish of believers have started to awaken from. With the commodities index up hundreds of percentage points it is hard to believe metals can realistic be lower than they were this time last year. In addition, the euphoria of Bitcoin (a clear competitor to Gold) seems to be peaking as it always does with "bullish" news of a ETF just as it did the last time it reached this resistance zone with the public offering of Coinbase.
SILVER ($US/OZ) | LONG DISCUSSION Hi all, hope you have all had a fabulous trading week! Decided to share my technical analysis on what i think could mark the beginning of a long-term move up to 39.650 on SILVER ($US/OZ), I’m essentially waiting for further support to be established along a pre-established long term resistant line that was broken back in July, 2020, I'm hope to hold for some significant time as i believe this to take quite some time to play out so I’m remaining patient on further indicators to mark the continuation of the upward move, thanks all for your time and wish you all an amazing weekend ahead!
