SILVER Forecast 6July2023if this is an a-b-c correction and wave c is usually the same length as wave a, then there is a high probability that XAG will go down.
This is signaled by the current price at the trendline and strong resistance area. if XAG turns out to respond positively to the trendline and makes a strong bearish signal, then it is likely to go to fibo extension 1.
Silveridea
BluetonaFX - SILVER Support Break OpportunityHi Traders!
We have spotted a potential support break opportunity on the Silver 1D chart. The price action suggests that the market may want to go down to test further levels below. After a double top resistance at 26.129, there was a pullback into a price channel break, and then the market found support at 22.117. There was then a falling three methods candle formation, which is a bearish candlestick pattern.
We are looking for a break and a close below 22.117; if we get this, then we have a first target at 21.500 and a second target at 20.787.
If we do get a break and close below 22.117, then there are buying opportunities just above this level to target the long-term 26.129 resistance.
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BluetonaFX
Silver is shorted today
The silver price is currently near US223.75/ounce, and it has fallen by about 1.4% during the day.
If it falls below US223.75/ounce, this will open the way for a further decline in silver prices, and silver prices will continue to be expected for some time to come. The bearish trend scenario.
Currently waiting for the silver price to fall below US223.70/ounce to confirm that the silver price will fall further to the next short target of US223.00/ounce.
Stochastic indicators are currently showing bearish signals, and silver prices will show more bearish possibilities in the coming trading days.
It should be noted that if the silver price breaks through US224.15/ounce, this will push the important resistance level of the silver price to US224.60/ounce, and then try to fall again.
Today's silver price will be between the support level of USD23.50/ounce and the resistance level of USD24.30/ounce.
Silver strategy:
SILVER: sell @23 tp:24.3
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Silver: Let the show begin…! 🎪Ladies and Gentlemen, step right up and let the show begin! Please welcome silver, our brilliant artistic performer, in the arena that is our chart… See next: a somersault into the orange zone between $24.45 and $25.05 to finish wave iv in orange, followed by a brave downwards leap to complete wave v in orange as well as wave (a) in blue. Watch with bated breath as silver then spirals upwards again, stopped only by the mark at $25.41, where it should rebound and glide further downwards. There is a 30% chance, though, that silver could gain too much upwards momentum and thus soar above the mark at $25.41. In that case, we would expect it to reach a new high in the form of wave alt.x in magenta first before turning downwards again.
BluetonaFX - SILVER CHART IDEAHey Traders,
Our last silver target played out into profit zone and secured with moving stop and protecting profits. It fell short by a few pips for the full range target so the gap remains open. We have identified a structural support level on the chart and expect further support tests to be held well to consider buying from support levels while targeting the open gaps above.
We have a immediate target at 25.295 and a long range target at 25.696.
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BluetonaFX
silver will be falling in the next weekthe silver XAGUSD will have to make a correction to 21.20$ and maybe to the 21.40 area as well before the continuation of the downtrend to the 20.33 area. also, there is a great probability that the market can go down without making a correction!
that's what I believe. what about you guys? what do you think? tell me your opinion. do you agree or not .??
good luck traders !!
DeGRAM | SILVER descending channel testSilver is consolidating at resistance on the 4H, but it has recently dropped below it.
Price action returned to resistance and dynamic resistance.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and a retest of the channel.
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Silver price needs more positive momentum - AnalysisSilver price hovers around the EMA50, and didn’t show any strong move since yesterday, to keep our positive overview for the upcoming period, which depends on the price stability above 23.05, waiting to visit 24.20 followed by 25.00 levels as next main targets.
We should note that breaking 23.05 will stop the suggested rise and press on the price to achieve additional bearish correction.
DeGRAM | Silver shortSilver dropped from the resistance and broke the lower border of the channel.
Price action pulled back to resistance and the trendline.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback and breakout the channel.
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DeGRAM | SILVER long Silver is in a bullish trend.
Price is coiling up before expansion by printing lower highs and higher lows.
The market is moving sideways, and we expect a breakout of the resistance and then a further bullish move.
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DeGRAM | Silver divergenceSilver double topped at the resistance.
Price action shows a divergence in the daily and 4H timeframes.
If the market fails to break through the resistance level , we can sell from the confluence level.
We anticipate a short-term pullback.
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Silver Analysis 06.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
DeGRAM | SILVER long Silver is in the bullish trend .
Price action made a complex pullback and rejected the support level .
The market is trading ascending channel and we expect further bullish move.
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Silver Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Sagar Bhai, Silver had an excellent run in last 1 month from below 55K level to 63K plus level. Silver has made LH-Lower High pattern on chart, trading below VWAP. Showing sign of tiredness after decent up move. Silver is likely to consolidate or correct from this level. This is a good time to book profit. 59000 to 60000 should be good range to enter in long position for few months. We are likely to get a chance near next US FED hike when US Dollar Index will get stronger. Please review & share your thoughts as well.
20 REASON FOR BUY SILVER 1 Structure analysis time frame DAILY
2 target time frame :DAILY
3 Current Move :IMPULSE
4 Entry Time Frame : H4
4.1 Entry TF Structure: BULLISH
4.2 entry move : CORRECTIVE
5 Suppot resistence base :H4 FAIR VALUE GAP
6 FIB: DISCIUNTED AREA FILLED
7 candle Pattern: PANIC BOTTOM
8 Chart Pattern: LOWER HIGH
9 Volume : AVERAGE
10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS
11 Volatility measure bollinger bands: LOWER BAND FAKE BREAKOUT BULLISH
12 strength ADX: SIDWWAYS
13 Sentiment ROC: BULLISH
14 final comment : LONG
15 : decision : BUY
16 Entry: 19.178
17 Stop losel: 18.968
18 Take profit: 20.950
19 Risk to reward Ratio: 1:10
Excepted Duration : 5 DAYS
Silver analysis: How far the bear market rally might go?Silver is in the midst of a bear market rally, up 8% in the last two weeks and 13% since the end-of-August lows.
Although silver prices are still 23% below the peak reached in March, recent price movements suggest that silver is attempting to make a trend reversal at these levels.
Slowing market pricing for Fed interest rates next year has prompted the rally in silver prices over the past weeks. Investors reduced their forecasts for interest rates in the second half of 2023, and in the last week they priced in a first drop of 25 basis points after Fed funds are expected to reach a high of 4.9% in the first quarter of 2023.
An asset like silver that is extremely vulnerable to US interest rates has been granted some breathing room by both the decrease in Treasury yields – the US 10y yield has dropped by 30 basis points in the past week – and the weakening of the US dollar – with the DXY index falling below 110. Silver has been strongly and inversely correlated with the US dollar performance throughout the year.
The Federal Reserve meeting next week poses a concern because it could reignite hawkish arguments about the need to curb inflationary increases, which might halt the silver's rally. However, understanding how likely the Fed views a recession in 2023 will be critical, given the market builds many of its expectations for the conclusion of the hiking cycle next year on this matter.
A new attempt to break the 23.6% Fibonacci retracement level (2022 max-min range) can be seen on the daily silver technical chart. Sellers fought back hard at this level in September, pushing prices below the $19.7–20 zone. This level was breached in early October, causing prices to rise to $21.1-21.2 (38.2% Fibonacci).
Momentum indicators indicate that bullishness is gaining traction. The 14-day RSI surpassed 50 days once more, and the MACD indicates a bullish crossover close to the zero line.
If silver is successful in breaking over $19.8, a new overshoot toward $21.1 or $21.6 (200-day moving average) is possible. At that point, sellers might resume offering fierce pushback. Next Wednesday, a very hawkish Federal Reserve could return to exert downward pressure, leading to a retest of the 18.2 support level.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
Silver: TightIt’s getting tight! Silver hasn’t all that much room left to finish wave 4 in green… We expect it to make it in time, though, and to go for the resistance at $20.87 afterwards. Once above this mark, silver should push off into the orange zone between $22.11 and $23.72 to complete wave 5 in green as well as wave iii in orange, before starting a countermovement. However, there is a 45% chance that silver could fail to get its act together early enough and could thus drop below the support at $18.96, which would then trigger further descent below the next marks at $17.89 and $17.40.