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Silverlong

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 will break out soon. Target $50/ozSilver broke out of a descending wedge last week, confirmed so far by staying above the decline and there is a lot of momentum because of inflation fears. The price was likely suppressed into the dip anyways, as we know thats common, and the same market factors that pushed down bitcoin in the spring affected Silver too. Now Bitcoin has pumped back and silver will likely follow. The last couple weeks formed either a cup and handle or an inverted head and shoulders will form over the next few days. Maybe you could hav fun longing Silver but I prefer to just buy physical. Happy trading!
SLong
by fa1rw4rn1ng
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 - LOOKING FOR THE LONGSilver is at support with 9th Aug. It is also at a 1.272 reversal (Orange). This is our first chance to go long (1st yellow bubble). First target will be the breakout lower at 23.360 If the price action remains bearish the next support and next opportunity to go long will be at 22.00 (2nd yellow bubble). This is a very important support. If it breaks there will be no support until 19.4 - this also happens to be a 1.272 reversal of the last major bullish swing (Pink 1.272) - from 24/09/2020 - 01/02/2021. We get three shots at this. Stops will be important as will the price action.
FOREXCOM:XAGUSDLong
by enzenator
1