Get started

Silvercharts

Will SILVER Collapse or Surge from here?Here, In the beginning, the trend was incremental. But after making a sharp peak, it converted into the descending one. It started to increase by making arc-shaped strong support and fell from the peak. The trend made an ascending triangle between the support trendline and resistance trendline. If from the last candle of an ascending triangle, It moves in the upper direction, there will be an ascending trend, and the targets will be 26.4186 and 27.3800 . But if it will fall after the ascending triangle, There will be a downtrend. And targets will be 21.2500 and 20.2686 .
OANDA:XAGUSD
by forextidings
2
SILVER battling with 200 EMA in a rising channelSILVER Silver is tend to move along with Gold but the daily moving range is higher than GOLD Today the upside momentum has stopped by the Strong 200 Exponential moving average same as like the Gold. We can expect short term rebound after reaching the lower side trend line and may move towards 200EMA. For the longer term bullish trend Silver has to break the trend line as well as the upside trend line From my point of view it will fall after reaching the 200 EMA. if the lower side of the trend line was broken we can expect more number of sellers will come to move this metal below 22.000 Give a thumbs up if you found this idea useful Follow our profile to get regular market updates
OANDA:XAGUSD
by forexorbit
1
Why you should pay attention to Silver ?Silver has been hammered pretty badly during the sell-off in March and after the recent market correction. Nevertheless, the large timeframes tell a different story. When we zoom out, we can quickly notice the huge that silver has been putting since Dec-15 marked by the a lower low $11.639 in Mar-20 and then a solid bounce followed by a rally to $29.869 in August. This month the price has further corrected to $21.665 marking an oversold RSI up to the daily timeframe. Looking at the higher timeframes weekly and monthly, - taking the history since 2013 into account, we could see a large cup formation to which the current drop could be seen as the handle pattern being worked out, - taking only the recent drop into account, we could see a very interesting bull flag formation being worked out. In either cases, a breakout over $28 might send Silver back to .786 fib level with a price target over $41 before a longer consolidation takes place (if it follows gold's path). Silver is known as a lagger but it is also an aggressive mover since its cap is not as big as gold. I am definitely going to increase my exposure to Silver and silver mining stocks as well. Let me know you thoughts, like, follow and share to support my ideas. Until next time !
TVC:SILVERLong
by CryptoMargrave