Silver- Bulls need a clear victory above 28Since the beginning of April the price of Silver has risen by more than 20%.
Now the battle is given between 27 and 28 levels and we will have a winner soon.
I'm bullish in the medium term and I expect a break above 28.
30 is my target, but a daily close under 27 would deny my outlook
Silverlong
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm 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:
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 28.55 on 06/ 01 /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 55.
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
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💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm 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:
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 28.55 on 06/01/2021, 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 55.
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
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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SILVER- 3 Support Levels to Buy fromOur updated Silver chart shows 3 possible support levels to Buy from.
This should keep us busy up until Friday when the NFP comes out.
Friday will be EPIC for the dollar and gold/silver as well.
Stick around, be on alert.
the FXPROFESSOR
PS. AGQ idea below on how to get on a stock (ETF) related to silver (the Cinderella Gold)
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.
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 ❤️