Silver to $28.50 short termEasy short term target here, commodities running hot price increases rampant -- $Silver is going to run away here.
Silverlong
FSM Bullish IdeaFSM (Fortuna Silver Miners) earnings came out recently. With the positive earnings report and increase in Silver price, we believe FSM will move higher. In our perspective, Silver looks bullish on the charts. If Silver can maintain its momentum, we believe miners like FSM can benefit heavily. FSM allows the use of leverage in some brokerages, We are long FSM! - HH
Silver Train is leaving the StationLooks like we are entering the 3rd wave of the silver run and it should take us back up to mid-thirties before the end of the summer. Wave 5 looks like it will land somewhere just short of $50/ounce although momentum may well carry it past that point. It is certainly overdue given the run of the other commodities as of late (Lumber, Corn, Oil, etc.) Not to mention the push for "Green" energy sources and the accompanying Government subsidization of these projects will only increase demand for silver. It is likely that major suppliers will begin hoarding the raw materials as inflation begins to accelerate in the coming years. Many commodities have already seen major price increases even with M1/M2 currency velocity at near all-time lows. As the velocity of the currency supply begins accelerating look for all prices to increase. Silver, being both a precious metal and important raw material for industrial applications will jump in very quick bursts as it has done throughout all recorded history. It is important to be allocated accordingly before that time. I recommend physical coins or bars on hand as well as a mix of reputable mining stocks. Don't fall for the paper silver issued by the fractional reserve Ponzi schemes.
Silver and Gold = Money
Banknotes (Dollars) and Crypto = Currency
Few understand this.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."
I ANALYZE FOR YOUR COMFORT - SILVER It foreshadows a new green day for silver that is preparing to confirm a new pennant flag formation, followed by a new climbing leg. Long silver today, at least until the American opening !
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Silver bullish overall.For this week, I am anticipating a retracement on silver to around the 38.2/50% fibonacci levels before seeing a push upwards around midweek.
💡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 trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights 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 64.
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 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 trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 28.30, 29.85, 33.45 and more heights 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 64.
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 trader?
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Trade well, ❤️
ForecastCity English Support Team ❤️
SILVER weekly analsysis 🦐After the amazing profit of this week, we check the weekly chart of Silver.
The price is in a huge ascending channel and tested the lower trendline and 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.
NFP = Guaranteed VolatilityUpdated Silver chart, not so important to do technical analysis now since fundamentals are stronger:
Fundamentals= NFP= Non-farm Payrolls (google it, I am not a big typer, sorry)
Good NFP= Many jobs= Great news for the US economy and the dollar = Dollar higher = Gold and Silver lower
Bad NFP = the opposite
What will happen? Well I wish I knew, I would know what to trade today..
positive sentiment, most likely will be positive (65% chances)
PS. Biden will talk today, 2 hours after the event... smells like a TRAP but i like Traps because they are also opportunities
the FXPROFESSOR
Silver at Key Pivot Resistance!Sl1! Nice bull flag at strong pivot resistance zone, an uptrend, since March 31 lows actively riding as support the 9ema (blue line). Entry could be a 1-hour candle close above the .618 fib extension with the 9ema as support crossing the 28 levels. Also, consider another 9ema backtest - ascending trendline confluent if you connect a trendline from the swing lows. Same as the RSI, making higher highs and higher lows in this ascending trendline. Will be updating as we go. Sharing humbling my POV and will gladly discuss with anyone if we agree or disagree, I'm a Full-time Life & Market student, always learning! Best regards and Happy Trading! Keep it simple 😉
SILVER- Finally over 27$ 🐲As expected Silver did rise and broke the 27$ resistance.
Resistance was combined with Janet Yellen news the first time, after a big bullish flag had been signaling a good rise.
We are now finally over 27 and 30$ is coming.. NFP tomorrow, be ready for a volatile session full of opportunities (and dangers).
Keep in touch,
the FXPROFESSOR
It's GO TIME!!Nice bounce on Silver, while the markets are going down??.....
If precious metals are diverging from the overall markets then that tells me that people are concerned and seeking safety again.
Plus commodity prices are skyrocketing so yah know.
Silver Consolidation and Potential Breakout:The silver (XAUUSD) has been trading in a range following the spike in the price last July 2020. Traders with bearish and bullish view are testing prices in the search for indications of the next level. The weekly chart shows this battle forms a consolidation process and a triangle pattern with bears losing power in every drop. A breakout occurs when prices finally moving outside a defined support or resistance level after a period of consolidation and increased volume. Nobody knows with certainty where the next move will be, but based on the pattern, we are in the middle of a breakout trade. The upside potential is huge due to the combination of monetary and industry-specific factors. The current monetary policies of all the Central Banks for injecting more liquidity in the economy is causing warnings of the inflationary pressure and lack of confidence in the Fiat money. But at the same time, silver is not only a precious metal but an important metal for electrification and products such as electric cars, solar technology, medicine, among others. Nevertheless, good traders usually place themselves in a position close to the support level and evaluate the risk/reward ratio with a stop loss just below the last low level defined. In the end, as Elder Alexander said: "Markets spend more time in trading ranges than they do in trends. Most breakouts from trading ranges are false breakouts." - Elder Alexander (1993), Trading for a Living
$XAGUSD - Breakout from an ending diagonal
Hi guys! 👋🏻
🔔 There is a very small gap in CFTC long and short net positions, long positions are increasing, non-reported net positions have 2x more long positions than short.
🔔 Covid19 new waves might support the new bullish for Silver and Gold.
🔔 Both metals tested their respective major support zones and Silver just broke out from the Ending Diagonal. Fear of inflation, fear of Covid19 spreading = hedging. Most known heding assets for long time are gold and silver.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
I AM ANALYZING FOR YOUR COMFORT - SILVERAfter yesterday's explosion, the silver drew a flag, this being a bullish formation. Although it is still in the accumulation phase, and can still decrease slightly, in my opinion, the silver will increase me in the coming days. The target is now 28.2, major resistance. Once this value is exceeded, I would think that silver will accelerate growth. But we know that it is a capricious metal, so we will treat the evolution step by step. For now, what I see is Long Silver.
Future of Silver looking brighter again!As long it holds25.660, track the upside resistance / target levels as marked. Today's possible retracement levels are marked with light dotted lines.
Silver-Long, Break of NecklineI started with some July Calls as I anticipate a break above neckline..
SILVER - 27 or Higher? (Or much Higher?)Silver is higher almost 2% as expected from last Friday.
Resistance at 27 but potential to brewach over is there, valued at 58%
Will we see silver at 27$ or higher? If higher then how much higher could that be?
Look at previous ideas for more info- as well as AGQ (ETF on silver)
the FXPROFESSOR
SILVER - SUCCESSFUL TAKE OFF!The pressure accumulated in recent months seems to have propelled silver to the skies today. it quickly reached the previous resistance, and seems to overcome it relatively easily. After a few days of vacation, the bulls returned in force.
Silver Sideways Make or Break Levels Will RevealAs Far As This is Concerned It's Educational Purpose But Watch For The Levels For Intraday and Positional I Think Silver Good Bet To Buy Above 70500 in Indian Markets
ABCDE Silver RocketOne of my favourite pattern formations
ABCDE symmetrical corrective triangle in a bull trend
targets based on Fibonacci extension
personally I am hoping to see the 25.390 fib support hold, or slightly higher based on one of my previous charts
Don't trade my charts, they're just drawings
Universal patterns are universal
Silver - a great breakout pattern⚡️I will buy after...Price has a powerful key level of 26.6. Now we're forming squeezing. It's a nice reason for further growth. I see the entry point only after breakout and retest.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
