Get started

Silverforecast

Silver: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Silver. The chart is self-explanatory. Silver price has been climbing up the local support trend line. RSI is about to reach the overbought area. Silver price has potential to drop. It may be supported by the 0.236 Fibonacci Retracement level as well as the strong support zone if price keeps falling. If Silver price moves upwards, keep an eye on the 0.50 Fibonacci Retracement level where there is strong resistance. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. 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:SILVER
by MillionaireEconomics
6
Silver: Into the Green 🌱 🌿Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94 and afterwards even further below $21.41. Still, there is a 38% chance that silver could surmount the green zone and rise above the resistance at $24.75. If it makes it even above $25.49 afterwards, it should continue the ascent.
COMEX:SI1!Short
by MarketIntel
Silver: No Dormancy 🐻 🐻 🐻 Usually, at this time of year, bears would be snuggled up in a cozy cave or den for their annual dormancy. However, at the silver market, they are full of beans and hold onto the price fast. After agonizing about it for a while, the silver price has finally fallen below the resistance at $23.48. Thus, we consider the downward trend we predicted affirmed. If the bears can keep the price below $23.48, we expect it to go even lower and break through the next marks at $21.94 and $21.41. Still, there remains a 30% chance that the bulls could interfere and cause a change of direction. If they prevail and bring the price back above $23.48, they could even manage to shove it above the resistance at $25.49.
COMEX:SI1!Short
by MarketIntel
Silver can roll back to supportSilver has had a very good start of the year, with the precious metal gaining more than 10% in only 3 weeks. From a technical perspective, the price has started to drop from an important confluence resistance given by the falling trend line and horizontal support and we can have a continuation to the downside in the next days/weeks. 23.50 is now support followed by 21.50 very important one which can also be bears target. A new high above 24.50 would negate this scenario
OANDA:XAGUSDShort
by Mihai_Iacob
6
Silver is approaching short term resistanceAfter making an instraday low just under 22 figure on Monday, Silver has started to recover and now is trading at 22.55. However, the rise from the low looks corrective and is overlapping and now the price is also facing 22.60-22.80 strong resistance zone. My opinion doesn't changed and I 'm still bearish Silver but at this moment I wait for more confirmations. A daily close under 22.40 would bring this needed confirmation and price can drop to 21.40-21.50 after such a daily close
OANDA:XAGUSDShort
by Mihai_Iacob
4
Silver (XAGUSD) Analysis 04/03/2021this is a 2 Day Candle Chart as we can see the Price is up Ranging in a Yellow Ascending Parallel Channel where currently it is trying to break the lower bond. there exist a Fibonacci golden zone of the smaller impulsive wave, which can show Support and if the price bounces from it then we can target the 1TP, which is Fibonacci Expansion -27% level of the main Bullish Wave. the Red Box (Fib Confluences Level IMPORTANT) is the confluences of the 76.4% Fib Retracement of Smaller Impulsive wave and 38.2% Fib Retracement of the main bullish wave, where if the price falls and it stands as a support and bounces the price, then we can target the 2TP, which is the -61.8% Fibonacci Expansion Level of the main Bullish Wave. there are 2 Vertical Lines which Shows the Speculated Dates for Achieving the Specified Targets, they are specified by Trend-Base Fibonacci Time, there are total of 2 TPs Specified 1TP=35$ 2TP=41$ please comment your Opinions...
OANDA:XAGUSDLong
by BitonGroup
8
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
XAG/USD (SILVER) GOING UP FOR A SHORT TERM RECOVERYXAG/USD (SILVER) is going up-side for a short-term recovery for wave b of the 5th wave as an ending diagonal (wedge pattern) on the 2nd wave. If the scenario is right we can go around $23 then we will go below the recent low of $21.79 ( if the 5th wave doesn't truncate). Wave be must probably go as a zigzag (5-3-5) patter but it is not necessary it can make a complex correction, flat or a triangle as well so need to be very careful on price action. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #XAG/USD #SILVER #ELLIOTTWAVE
FX_IDC:XAGUSDShort
by anantadhungana
Will Silver drop to 19 zone(3000 pips drop)?Since August, Silver is trading in a 10-12% range, with a low just above 22 and a high in 24.50 zone. At the beginning of November, we have a false break above resistance and a quick drop to support afterward. Usually, false breaks lead to strong moves in the other direction and I don't expect this time to be different. In conclusion, in my opinion this support will fall, and XagUsd has a clear road to the next important support at 19 zone (a more than 3000 pips drop) I will remain extremely bearish Silver as long as the price is under 23.50 and traders should look to sell rallies towards that zone. Best of luck! Mihai Iacob P.S: Write your comment or share your chart and analysis in the comment section. Also "Likes" are much appreciated
OANDA:XAGUSDShort
by Mihai_Iacob
8
SILVER...A BULLISH GOLDMINELooks like we can see another bullish run from silver and here is why the pair has been making strong bearish moves to the support zone and touching the bullish trend line. the bearish fullback has managed to touch the 61.8% pull back of the fib the RSI has made a is indicating that the market is well oversold so bulls will start making there moves on moday fundamentals MONDAY, NOVEMBER 29 17:00 USD Pending Home Sales (MoM)(Oct) 22:05 USD Fed's Chair Powell speech TUESDAY, NOVEMBER 3016:00 USD Housing Price Index (MoM)(Sep) USD S&P /Case-Shiller Home Price Indices (YoY)(Sep) 16:45 USD Chicago Purchasing Managers' Index(Nov) 17:00 USD Consumer Confidence(Nov) USD Fed's Chair Powell speech 18:30 USD 52-Week Bill Auction 20:00 USD Fed's Clarida speech more news on fxstreet
FX_IDC:XAGUSDLong
by LUNGU_FX