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Silver is soooo looowLast time I saw silver this low I bought A LOT. Silver has been doing exactly as it should be doing and it only took gold becoming a tier one asset. 23 as of right now with material sector of S&P looking great both short and long term and miners not being too affected by inflation. Shortages of metals are still there however and it looks like the premiums are here to stay, a year later. With Evergrand in the gutter, Chinese people are finding it hard to obtain their fiat notes. THIS is the exact reason why I stack. I pray we dont see a bank run but if we do us stackers should be ready, provided you know what to do with your metals. I feel in this environment Silver is in the perfect situation, if FED raises rates.
TVC:SILVERLong
by Joshuakm
3
Silver possible +10% upside Hey guys, Silver looks to be bottoming out at this $22-22.3 range with a lot of wicks showing strong buying pressure. We have a previous support line there and a Fib retracement line there acting as strong support with a consolidation flag on the 1 hour time frame shown below developing a reversal trade setup. With the RSI showing buyers momentum increasing I believe we brake out of that pattern, which means this channel pattern on the daily will play out. The first leg reaching $24.5-24.6 where again we have a previous support line, 150 day MA and a Fib line acting a resistance and could bring a pull back before we resume past this point and push to the top of the channel. For now I'm only targeting this $24.6 price until we get closer to the further targets. 1.6% risk for a 9.5-10% reward I'm going to be buying warrants to make it around 40% profit to a 7% lose there abouts
TVC:SILVERLong
by jackwheeler
Silver Price Forecast - Cup & Handle In SightToday I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale. After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern. As the price took 40 years to get to this point, it will take time for a breakout. Assuming the price breaks out, the target price from this pattern is about $60. That would be a 146% gain. This may take more than a decade to happen though. In 2011, the price created an all time high at around $50, but also created a shooting star candle which is bearish. This brought the price down to create the handle of the cup and handle pattern. Lastly, the Fibonacci Extension level brings the target price to 1.618, which is the Golden Ratio. Keep in mind that it took the price 40 years to get to this bullish pattern of cup and handle, so expect the price increase to take a very long to reach the target (unless of a catalyst event that may occur). Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TVC:SILVERLong
by MillionaireEconomics
Silver May Test 26.50 / 26.80 after breaking above 24.80 Silver has closed above the long-term descending trend line that started in June 2021. But we need to wait till it breaks out above the 24.80/25 price zone for a long-term buy. 24.80/25 is identified as immediate resistance and double top price zone. Before June this year, when silver was above 28.80/25 price zone, it acted as strong support. Many times market-tested 24.80/25.00 price zone and silver bounced back to the upside. So, as the market stays below the 24.80/25 price zone, we should enter the market after breaking above the 24.80/25.00 price zone. So, breaking above the 24.80/25 price zone, our first target will be at the 26.50/26.80 price zone. There is a chance that the silver price may go to the downside correction from that level. In case, market breaks above the 26.80 price zone, our final target to the upside is 28.20. On the other hand, from the present rate, immediate support is identified at 23.00. and low swing price is 21.50 price zone. So, as long as the market is above the 21.50 price zone, we should not sell.
TVC:SILVERLong
by Gold_Trading_Expert
1
Silver- Will it reach 28 by year's end. IMO, it willIn my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart. As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance. This resistance can very well be the neck-line of an H&S pattern and a break here would expose important 28 zone resistance. IMO the end of the year will be bullish for PMs and also a long trade for XagUsd with 28 target would have a 1:3 R:R
OANDA:XAGUSDLong
by Mihai_Iacob
11
Silver Market Bullish Divergence Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Silver XAG/USD begins the week in a positive way, rising 0.97%, at trading at $24.54 but have dropped to $23.916 today and the market sentiment is upbeat, portrayed by rising US stock indices, recording gains between 0.12% and 1.01%, contrarily US T-Bond yields slide, with the 10-year note rate falling one and a half basis points, sitting at 1.639%. Oscillators on the daily chart – though have lost positive traction – are still holding in the bullish territory. Hence, any further decline might still be seen as a buying opportunity near the $23.55 region. This should help limit the downside near the $23.20-15 strong resistance breakpoint. A Bullish divergence has been spotted between the market and different indicators that show the potential for an upward movement in the market soon. Possible Scenarios for the market : Scenario 1 : The market has dropped in the last 2 days from $24.80 to $23.88 this Bearish move has a small possibility to continue until it reaches the support line located at $23.16 where a battle will happen over control between the Buyers and Sellers over control, If the Sellers were able to win we could see a further drop that will reach the $22.33 level before gaining upward momentum. Scenario 2 : A Bullish divergence has been found between the market and the RSI, MACD which shows a strong potential for an upward movement happening soon that will be headed to the first resistance located at $24.78, and after breaking out that level the market will push to the second resistance line at $25.53. Technical indicators show : 1) The market is above the 5 10 100 and 200 MA and EMA showing a good bullish movement for the long term and daily range but still below the 20 and 50 MA,EMA that indicates a small drop for the weekly range. 2) The MACD is above the 0 line indicating a Bullish state in the market with a positive crossover and a Bullish divergence. 3) The RSI is at 56.27 showing good strength in the market with a Bullish divergence that indicates a rise in the market soon. Weekly Support & Resistance points : support Resistance 1) 23.259 1) 25.109 2) 22.207 2) 25.907 3) 21.409 3) 26.959 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
FOREXCOM:XAGUSDLong
by GabiDahduh
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.
TVC:SILVERLong
by RealChartBeast
Silver Price Analysis: Market is heading to 26.00 price zoneA recent Federal Open Market Committee meeting showed that half of its members expected an interest rate hike by 2022. As a result, silver (XAG/USD) has been climbing recently, trading at $23.50 today with an almost 2% gain in one session alone. All these factors aid silver's climb to new heights due to their correlation with gold prices and demand for industrial use. Due to the inflationary pressure in the economy, investors are thinking of reserve safe-haven asset silver. The recent FOMC minutes revealed the pace at which QE will reduce. However, it was announced yesterday that would only be billion dollars cut each year instead of a 20-billion planned initially because inflationary pressures are more substantial than anticipated. Gold and silver are getting a boost from the US stock markets, which is seeing an increase in safe-haven assets. The dollar has seen some weakness recently but remains high due to low-interest rates. Bond investors fear about Europe's economy slowing down further than anyone had expected already with Greece's debt crisis not being resolved yet either. As a result, the USD is weaker against gold and silver. But the USD is still dominating most of the major currencies, except safe-haven currencies like JPY and CHF. Technical View: Right Now, the silver price is holding above descending trendline, the price nearly 23.40. If the H4 candle can close above the 23.50 price zone and descending channel, it may test the 24.00 prices. Breaking above the 24.00 price zone, the next target is the 24.80 price zone. 24.80 is Fibonacci 50% retracement area. So, the market may go for some correction from the 24.80 price zone. But if it doesn't, breaking above 24.80 will open the door for the 25.80/26.00 price zone. I don't think the market will break above the 26 price zone easily unless we see too many adverse U.S. economic reports. On the other hand, breaking below the ascending trendline, the silver price may continue its downtrend again and may test the 21.50 price zone again.
TVC:SILVERLong
by Gold_Trading_Expert