SILVER weekly analysis 🦐Silver is moving in a huge ascending channel and tested the lower trendline, the long correction movement might be to an end soon.
If the market will break above according to Plancton's strategy we will set a nice mid-long term order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Silverlong
Accumulating momentum for SLV stock, you can buy nowHello traders, here is a medium-term price range prediction for SLV. It is not easy to understand and you can clearly see the momentum for the stock. I believe you can buy now and sell 1-4 weeks later for some profit. Hope to see you with my next predictions!
Take care, stay safe
SILVER, H4 - Important reaction on support levelClear uptrend. Rejection of support yesterday (bullish pinbar). More probable contuinuation of current uptrend. Change of sentiment only after breaking support and trendline.
Silver to M2 Money Supply and the roadmap aheadLooking at the Silver to M2 Money Supply you can clearly see when the ratio bottomed and subsequently broke the preceding downtrend the silver price broke out and had significant booms.
If you take a calculated and measured move from silver's previously significant breakout and overlay to today's market you could conceivably see $60 silver by end 2023, and $200 silver by 2026.
What are your thoughts?
Silver Launch Pad is Being SetSilver has long been a favorite of mine to trade. In the past few months, it has taken a nice breather creating what looks to be a consolidation pattern before an eventual move up. Gold seems to have created a double bottom this past week and I believe Silver is in the process of making a reversal from its recent slide down. f you zoom in on the daily chart, you will see a nice falling wedge reversal pattern forming. In the long run, I still expect Silver to push towards $100, but in the short term, $35 is our next target resistance level.
XAGUSD - LONGSILVER is looking very bullish market has provided us with a nice impulse which has been followed by a correction to the 0.50 fibonacci, during this correction what we can see on lower timeframes everything is currenty still bearish we have this counter trendline and market is below 1hr resistance, however if we see a close above this confluence of resistance on the retest we can look to long.
SILVER for a retest of the resistance 🦐After the resistance rejection SIlver got rejected until the 0.618 Fibonacci level.
The market is now consolidation and according to Plancton's strategy if the price will test and break above the resistance we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
A peak is formed in daily chart at 28.75 on 05 /18/2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 58.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
The Silver StandardI love silver.
Bullish pennant formation with a breakout but be careful cause it could be a fakeout since there's not much volume yet. Seems the market is repricing it but no matter.
This stock going up over the next 1-2 years is a matter of near certainty.
Fundamentals support it.
(note: I do own the stock and call options on the stock.)
Not financial advice.
Deja Vu All Over Again for Silver?Silver began a monster rally about a year ago. Now the technicals could be lining up similarly.
First, consider how XAGUSD dumped after hitting resistance at its 50-day simple moving average (SMA) in late March. Prices quickly stabilized and then entered a period of sideways consolidation. They soon pushed above the 50-day SMA and started moving higher again. These events happened last year on May 7 and this year on May 3.
Next is the tight ascending range, tracked upward by the 21-day exponential moving average (EMA). That happened last June and it’s been occurring again in the past month:
Third, notice how the 50-day SMA recently flirted with crossing under the 200-day SMA: an attempted but unsuccessful “death cross.”
Finally, the key question: Where’s the resistance that could mark a breakout? Last year, it was a close above the 52-week high of $19.65 (September 2019). Using that same logic, this time traders may be watching the recent peak of $30.14.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Silver C & H and major wave count (Long AF)I haven't seen anyone really comment or take note of the implications I have plugged into the chart.
Bullish to say the least, wrapping up consolidation period / wave 2 and also handle. Wave 3 Summer 2021 into Fall?
Remember that in 2011 with that round of Fed Stimulus, Silver touch near $50. We are well beyond that level of stimulus with actual signals of potential inflation...
Major wave 5 I believe breaks $50 sometime in 2022 -2023
I'll leave it there. Comments are most welcome.
Do not mistake this for financial advice, it is simply my opinion.
Alt - B
Silver surfing and it's potential.Let's play a game. Everytime the FED discusses interest rates, let's buy 200$ worth of silver. Bullions are cool too!
Storing it in a physical bank shouldn't be too much.
But, inflation is upon. And once we pass Go! the banker will want his Money back which won't be worth as much as it is today. So let's use our purchasing power and buy some silver.
We Investors have turned to hard assets which again is appealing to hedge against this problem.
Silver is now trading at about $27 an ounce, more than a 50% increase compared with last year and about a 70% rise from five years ago.
The chart looks very nice with the wicks getting filled, keeping the trendline, and MACD looks ready to shoot.
(This pure opinion not financial advice)
TVC:SILVER