Silveranalysis
Silver at the top of a channel?Silver has been trading traditional fib longs and and extensions in this big bull runup. However, we are very overextended, trading well in excess of big support over the past two days. We are also at a potential top in terms of it trend channel. The risk of a decline in silver is significant, and unlike gold which gives you a clue on the fifteen minutes charts, silver could simply start falling and keep going. Given the lack of bull fib support, I think this is a good spot to take profit and enter a small short position. There is a good chance that we begin the down leg of silver here.
SILVER (SILN2024, XAGUSD)... BULLISH BIAS!Bias is Bullish.
The reaction to news and world
events was enough where there
was no need for the +FVG to be
mitigated before the rally.
Lots of momentum in that move.
All HTFs are bullish.
Although we selll above highs as
a general rule
Expectations are for the DOL to
be reached over the next week
or so, as price grinds higher.
For buyers, wait for pullbacks into
+FVGs on LTFs. Buying at the top of
a rally is risky bisky.
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XAGUSD. Weekly trading levels 13 - 17.05.2024We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead.
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern.
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Silver: Potential Double Top Formation Signaling a DowntrendI'm observing a potential double top forming in the silver market at the 29.85 level. This pattern is typically a bearish reversal signal, indicating that silver might be poised for a downward move.
Trade Details:
Pattern: Double top at 29.85
Potential Target: 24.12
Technical Analysis:
Double Top Formation (29.85): The price action (PA) shows that silver has tested the 29.85 resistance level twice, failing to break above it. This creates a double top pattern, a common reversal signal in technical analysis.
Neckline and Confirmation: The neckline of this double top pattern is around the 26.50 level. A decisive break below this neckline would confirm the pattern and likely accelerate the bearish momentum.
Target Projection (24.12): Based on the height of the double top pattern (from the peak at 29.85 to the neckline around 26.50), we project a potential target at 24.12. This level aligns with previous support zones, making it a logical target for the downward move.
Supporting Factors:
Bearish Divergence: Potential bearish divergence on the RSI/MACD indicators could add strength to the bearish case if observed.
Market Sentiment: Current market conditions and sentiment could influence the extent of the move. If the broader market turns risk-off, it could further pressure silver prices.
Fundamental Analysis: Monitor economic indicators, particularly inflation data and Federal Reserve policies, as they can impact precious metals significantly.
SILVER TO $750 IN THE NEXT DECADE ?This has to be the biggest Cup & Handle Formation in Human History. Holy Smokes.
Ok, let's dive into the Fundamentals:
1) Industrial Demand: Silver is essential in various high-growth industries such as electronics, solar energy, and medical devices. As technological advancements continue, the demand for silver is expected to increase significantly.
2) Investment Demand: Economic uncertainty, inflation, or financial crises often lead investors to seek precious metals like silver as a safe haven.
3) Supply Constraints: Silver mining production may face challenges due to factors like depleted mines, increased extraction costs, or regulatory changes. Supply shortages can occur if production cannot keep up with demand, which will ultimately lead to a short squeeze.
4) Monetary Policy and Inflation: Central banks' monetary policies, such as maintaining low interest rates or implementing quantitative easing, can weaken currencies.
5) Green Energy Initiatives: The push for renewable energy sources, particularly solar power, relies heavily on silver for photovoltaic cells. As global efforts to combat climate change intensify, the demand for silver in green technologies is likely to rise, boosting its price.
(aka Agenda 2030 - The Great Reset)
What scares me about this chart is that it suggests terrible events are imminent.
The impact of these events cannot yet be measured, but they will be catastrophic for humanity.
Stay Safe and keep stacking as fast as possible, NFA!
CYANE
This little guy is about to rocket 700% minimumThis is a great leveraged silver miner play. I can see this easily doing more than 700% when silver breaks its ATH, which this miner wasn't even around for, so I can say that it can do 1400%. Obviously do your own research, this is NOT financial advice. I also own this miner myself so I put my money where my mouth is...
SILVER XAGUSD Bullish Robbery PlanMy Dear Silver Robbers / Traders,
This is our master plan to Heist Bullish side of SILVER MARKET based on Thief Trading style Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Be second will be more profitable - Time for SilverAfter make 29 peak, I have been thinking of short since 28.5 and take 2 short. It can be buy on 26.2 as spot. I care about the 25.5-24.5 area as pos. The last place I would try would be the 23.3. I think it will outperform gold and give better results on the rise.
Buy more silver be result
SILVER XAGUSD Bearish Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of Silver Jewelry based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Short entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target🎯.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Silver looks like it could take another 10% haircut before 🚀"That's a HUUUUGE wick" - Deuce Bigalow
Not uncommon for PA to come back down to touch the 20ema - which intersects a big trendline AND illustrates a backtest to the broken downward trendline. I anticipate this move happening fast, and could be combined with a minor market drop overall.
Exo-political situation that's escalating is the USDJPY - and the BOJ is taking it's good ole time with correcting its currency. When they dump treasuries I anticipate a vertical trajectory of precious metals AND miners. When that happens (not IF) that will over-ride any PA - so it might be wise to start building longer positions i.e. OTM call options slated for July expiration ( AMEX:AGQ ).
Since all Central Banks are reactionary in nature, the FED will wait till something breaks in the bond/treasury market but that can't happen until the BOJ dumps treasuries. And that can't happen until the dollar's ascent forces them to do this. So I see a higher dollar still, which will reflect the blunting of precious metals.
SILVER LINING ahead.Hi, 1PERCENT here.
Silver head a "huge" weekly candle close this week with +10% which is a pretty big move for such an asset.
It broke through a resistance zone that it was unable to break since it lost the price zone in July 2021.
Now that it broke the descending trendline that started in 2011(!) & that 3 year resistance zone, I believe we are going to have some really big moves.
In a TA perspective, it would be healthier for TVC:SILVER to re-test that previous resistance zone turned support and then, continue upwards.
One possibility of this happening is the next scenario:
1) Goes up short-term until the Blue range highs $28.65, which also is a Yearly supply zone,
2) Rejection & re-test the recently broken Green zone, maybe a wick into the Blue mid-range $25.28
3) Continuation upwards, re-challenging the Yearly Supply.
However, it could also go like this:
When Silver goes, she goes hard.
Update on Silver After AB=CD CompletionYou may recall the Research Team highlighted AB=CD bullish completion at $26.79 on the H4 timeframe for spot silver (XAG/USD) last week. Subsequent to this, price action recently came within reaching distance of the 38.2% Fibonacci retracement ratio at $27.84 before rotating southbound and pencilling in a potential higher low at $26.94 earlier today.
AB=CD Bearish Completion?
The 38.2% Fibonacci retracement ratio continues to call for attention for those long the AB=CD pattern as the initial upside objective. Should silver continue to be bid from current price, the 38.2% ratio actually converges closely with a 100% projection ratio at $27.99, which represents an AB=CD bearish formation. Were further upside to be seen beyond these levels, attention will likely be drawn to the 61.8% Fibonacci retracement ratio at $28.60, a level that shares chart space with a 1.618% Fibonacci projection ratio at $28.64, an ‘alternate’ AB=CD bearish formation.
SILVER MORE BULLISH TILL 35$ IN 2024HELLO FRIENDS
As I can see silver hit all time high 30$ in this bull run and now retrace we are expecting a new ATH in Silver with the fundamental and technical views all dose Time matter Friends chart is crystal clear for entries on this pair for more info Stay tuned.
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SILVER BEST BUYING ZONE !!!!HELLO TRADERS
As I can see Silver is testing now a strong support level which is a great entry zone for buying here. Silver is still not moved as like gold and other commodities has done, we expected this pair will move till design levels and this is a best zone with a very low risk and higher rewards let's see what markets bring to us. Charts always talk......
Share Ur views with us on Silver chart it help all of us Stay Tuned for more updates.
Dive into the world of options with our latest Silver analysis!In the next two options, with expiration dates on May 28 and June 25, bullish sentiment appeared on silver. Starting on April 19, the participant collected bullish spreads with construction sites 31/31.5 and 32.5/35 in his portfolio.
Based on the delta values of these strikes, these spreads can be classified as aggressive. The following is noteworthy: The position set has a systemic character, even in a negative scenario. But We cannot claim that the participant holds these portfolios without hedging.
Further monitoring of the outflow/inflow of open interest will give a hint about the participant's actions and a sentiment for further price movement.