Silverbuy
SILVER-BUY strategyNo change in view.
The pattern is developing well and we are remaining above cloud. The stochastic is positive as well.
We should be buying silver between $ 24.20-24.70 for a move towards 30.00. This is a medium-term strategy and requires deeper pockets. The stop loss should be placed below 21.75.
SILVER-Buy strategyFrom a medium-term perspective, we may see a large rally up in the medium-term.
Looking at the weekly chart, one can't help to notice a likely W-shape, this suggest (when breaking though neck line), a large rally will develop. Of course, we are on right side of the pattern, and it's kind of fighting which way to go.
For now, BUY @ 24.20-24.70 for a move to 29.78.
Stop-loss I prefer below $ 22.00
SILVER-BUY strategyNo change in view.
Silver looks bottoming out and as long we hold cloud support 23.70, we should have a chance to move back to 26.00 above coming weeks. The SMA strength indicator is low which means in the move down it is not expected to move sharply lower, and that recovery is likely for now.
Strategy BUY @ 24.20-24.60 for a move to 25.97 for now. stop-loss below 23.70.
SILVER-BUY strategySilver looks interesting for a LONG strategy.
We are basing above the cloud, and good support $ 23.80 below, and this will be our stop-loss area.
The current pattern suggest we should buy $ 24.50-24.75 and profit order near $ 26.00 for now.
One might be looking at GOLDSILVER spread, which also makes sense with lower risk.
SILVER-BUY strategyThe same counts for SILVER, where the large spike up was followed by sharp fall as well.
I feel this is overdone, and also the crisis should provide support to SILVER as well.
Strategy BUY $ 24.20-24.30 and place stop-loss $ 23.40. the profit order can be placed at $ 26.25 for now.
SILVER- BUY strategyCurrently it feels we may see slightly lower levels before we will resume upwards.
The convergence line is above the base line, and we go good cloud support $23.40.
Instead of shorting, I feel we look for a level to buy, and I suggest $ 23.50-23.60 area and place stop-loss $ 22.50 for now. The profit objective (and it may take some time) is set at $ 24.87 for now.
silver Silver ( XAGUSD ) is still in the sideways move since mid-2021 ,Silver is trying hard every time to penetrate the resistance levels especially the 50 EMA line
Today the Silver (XAGUSD) is trying to close above the 50 EMA line for the first time in February . if the Silver ( XAGUSD ) can close above the 23.08 level it will be a buy signal and the next resistance levels will be 23.6 and 24.44 which is the main short term resistance level (200MA blue line).
SILVER-BUY strategyWe have been basing (see RED arrow), and the support at $ 21.20-21.30 is good medium term support for now.
The cloud resistance is 23.41 and it feels the basing pattern will lead us toward 24.71 short-term. The weekly chart shows possibility $ 28 even.
Strategy is BUY 23.00-23.30 for a move to $ 24.65 profit target at first, but likely we might keep it for higher moves.
the stop-loss $ 21.20 for now.
Silver Launch Pad is Being SetSilver has long been a favorite of mine to trade. In the past few months, it has taken a nice breather creating what looks to be a consolidation pattern before an eventual move up. Gold seems to have created a double bottom this past week and I believe Silver is in the process of making a reversal from its recent slide down. f you zoom in on the daily chart, you will see a nice falling wedge reversal pattern forming. In the long run, I still expect Silver to push towards $100, but in the short term, $35 is our next target resistance level.
Silver Getting Ready To Continue It's Parabolic RunSilver has been in a sideways descending channel consolidation for several months. Many are convinced Silver has lost its momentum and will cease to grow, we know this is false, Silver will rise and challenge its previous all-time high in the coming future. We need to see a close above the monthly pivot to initiate a shift in the current trend, followed by a strong close above the descending channel top resistance. Keep in mind, failure to close above the pivot "could" result in a move to the bottom of the channel, overall I expect the price to stay within this channel if it pushes down further