I am thrilled to share some exciting news - silver has just hit a golden cross! For those unfamiliar with the term, a golden cross is a technical analysis term that occurs when the 50-day moving average exceeds the 200-day moving average. This bullish signal indicates a potential upward trend in the price of silver. This is fantastic news for all who have...
Upon analyzing the chart, it is evident that silver has been trading within a parallel channel for almost a year, indicating a well-defined price range. In the previous trading session, the price of silver reached the resistance line of this channel. For short-term traders, a critical resistance level to watch is 74060. If this level is not surpassed convincingly,...
Silver outperform gold during major crisis. During each crisis, Gold and Silver always performed exceptionally well compared to many other markets. In this study, we could see that during major crises, silver outperforms gold. Commodities are a good inflation hedge asset, precious metals are a good inflation and currencies hedge asset. Interestingly, prior to...
Hello everyone! Silver is testing an important dynamic support. If closes below this support, will drop to 24.
Hi 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...
Can expect some bullishness in silver on Monday...
If the MACD on the daily continues towards positive and crossed, the current channel would top at $35.
The Green Neckline @$26.50 is the major resistance at the moment. Breaking it would signal huge upside potential. Depending on how long this consolidation is, if less than a 6 MONTH consolidation, the pattern most likely will be for $35.00 an ounce, $10 gains. if the consolidation is for more than 6 MONTHS, a long term Inverse head and shoulders will have...
Longers who want to fill their bags more should wait for dip around 23,5-24,3 area.
I am watching silver on the 15-minute chart. Will it get rejected by the 200MA for the third time in the past six days? If so, expect a strong move downwards like the previous two times it's been rejected, pointing to a weaker silver price. Also, pay attention to MACD during the past two rejections, always quiet before the storm.
how safe is this spot to enter ? is it likely to lose momentum and reverse or will it complete the run to the other zone. to have profited one would have entered at the zone at the bottom and after the consolidation on the resistance line. 2 opportunities for a longterm trade. candle sizes remain consistent and healthy , next week continuation or not????? feedback
So guys that's my look for silver. It's not over but we have to wait for one more downer i think. Took your own plan for trading please. Good luck.
As always guys trade with your own mind, if have any question feel free to leave a comment. TVC:SILVER
Silver on the daily time frame is now at a resistance, with Stoch Rsi showing that the selling pressure is fading and Adx shows that the bearish trend is also fading (bearish line makes crossover downwards with the trend strength line). This means that after selling Silver from 17.900 (which I published a week ago) it's now time to look for a buy entry. How to...
See the chart it is self explaining wave count Wave 4 is Over and out . Now its Time to short silver till 15.00 Ride the Wave 5 Thanks