SILVER - Weekly AnalysisA breakout from the down channel in play is evident.
What im looking for is a bullish breakout to the horizontal double top point plotted. (circles)
Green curve encompasses the entire structure
Silverlong
A Silver Cup and Handle The chart speaks for itself.
With some luck we could break above the top of cup resistance line and find support on it between here and 2024/25. That is a good move, but id love to be sitting in profit then with the option of riding the longer trend.
Potential Double Top Forming on SI Daily ChartSilver touching major resistance area and potentially forming a double top if it can't break above 26.50.
I also noticed a double bottom that's playing out on the 15 minute chart that I missed while being away.
Could go either way, but I think fundamentals support bulls.
Bull Silver24.90 remains a strong 4 Hr support level. RSI touched my divergence trendline perfectly before price bounced right back up. Waiting for price to cool off a bit before entering long again.
Double Top Silver?Looks like a double-top on 4 hour SI chart.
Price broke below 50EMA
If price losses the upper trendline of the descending triangle expect price to push to bottom trendline of triangle at least.
Will it tap the upper trendline all the way down until the break up?
Silver Pulling BackNot perfect, but big shooting star on SI daily chart along with break below the 50EMA on the 4 hour chart makes me think Silver may pullback to major support from 24.00-24.60 before shooting back up. Could the star really be the 2nd top of a double-top? Time will tell. Holding steady for now.
2nd Chance Pullback - SI Bullish RSI DivergenceI'm seeing that 4 of the last 6 times that this pattern has played out over the past 4 years, at the first major pullback the RSI continues to put in a higher low.
Price then move higher.
DXY Weekly Head & ShouldersThis goes along with my ideas on Silver.
Weekly DXY Head & Shoulders helping to push up metal prices.
Silver Bullish RSI Divergence 4H ChartI'm seeing a bullish RSI divergence coupled with a descending triangle on the 4H silver chart. I see a similar setup 5 times in the past year and each time the price went up. Am I seeing this correctly?
Silver/USD AB=CD Bullish Reversal Pattern - 1hr time frameAB = CD Harmonic Pattern formation has been observed which indicates an increase in the Silver Price (USD).
You can buy at 25.150 price point. Place a Stop Loss at 24.760.
Take Profit 1 @ 1:1 risk/reward will be 25.509 and Take Profit 2 @ 1:2 risk/reward, will be 25.890.
SILVER BULLISH OUTLOOKSilver is gaining momentum, similar to the other precious metal, Gold. But their purposes are different: while Gold is used as protection against inflation from investors, silver has a lot more industrial uses, especially in the green energy sector. This makes the metal a lot more sought after.
Both MACD and RSI are confirming the bullish trend, and if it continues, targets of 27.5 and even 29.1 can be expected.
On the opposite scenario, as a pivot point, 23 might be considered, and if silver surpasses that level, further down movement to levels of 21.9 can be observed.
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SILVER (XAGUSD) One More Bullish Wave Coming?! 🪙
After a strong bullish impulse, Silver was accumulating for some time within an ascending
triangle formation on 4H time frame.
Its neckline was broken during the Asian session.
We see its retest now.
It looks to me that the market may bounce one more time.
Next goal for buyers - 25.7
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SLV ETF is screaming with a BUY signalSilver may outperform gold for the short term as SLV is screaming for attention. It just had a recent golden cross along with a by-signal measured by Aroon up. So don't miss out on this one at all! I'm also testing the same theory with other highly liquid ETFs as well for tomorrow's trading day.
Silver Rounding Bottom just gave us a strong buy signalRounding Bottom has formed on Silver and the price has just broken strongly out of the resistance (neckline).
The indicators are also showing good upside momentum.
7>21>200
RSI>50
Target 28.70
Silver (XAGUSD): Important Breakout & What is Next 🪙
Bulls keep pushing Silver for the last 3 weeks.
The market managed to break multiple key daily structures.
Last week, the price successfully violated 23.98 - 24.64 supply cluster.
The broken structure turned into a demand zone.
Because the market is currently quite overbought, I will expect the accumulation of buying volumes
within the underlined area and a consequent bullish continuation to 25.85 level.
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Silver set to explode. According to my Elliott wave analysis, Silver is in the early stages of a third impulsive wave, which is part of a larger third impulsive wave. This is the most explosive wave, with significant price gains expected. The recent breakthrough of a crucial Fibonacci resistance level at $24.66 confirms this outlook. With this level breached, silver now has a clear path to reach $45 in the coming months, with a potential fifth impulse wave pushing it to around $83.
Brace for some serious excitement in the coming months!
SILVER - Good Opportunity Hi, this is my new update for Silver. Finally today we have broken one of the biggest trendline in the history of Silver. In the past 2 years we have been stuck under this trendline and after testing it for the 6th time we finally see a good breakout, but not everything is certain right now. Two months ago I told you guys that we are in a "bullish expanding triangle" and I expect we are going to see a breakout and now it is time to see if this breakout holds.
First we have to test the resistance between 25.80 - 26.50$ and at the same time we are testing the 70.2% Fibonacci retracement level. I expect after we have tested those levels we are going to backtest the trendline and the support level around 24.30$ and if these levels holds that indicates the we have a valid bullish expanding triangle and we are going much higher.
At the same time we are in an overbought area in RSI chart and if everything I explained above happens I think we are going to see the RSI test the bullish area of 40 levels and it is going to bounce from that area.
Also good to see that we are getting back bullish momentum on weekly and monthly timeframes.
Silver/XAGUSD end of session updateSilver prices shows positive trades now in attempt to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for today, which targets testing 25.30 as a next station.
Therefore, no change to the positive scenario that depends on the price stability above 24.90, as breaking it will force the price to turn to decline and head towards 24.05 before any new positive attempt.
My long chart one week on SILVER! MUST watch! Hi, we expect your silver to explode in the near future. You need to prepare for it. I am willing to join this bullish move after a correction to the 0.5 Fib level of this range.
I expect limit orders at this $24 level.
let's see, leave a comment if you agree.
Silver Futures March April Challange Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation!
Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that.
Bearish: Here for the bearish operation we are waiting a retest in our candle, rejecting the resitance level and then going back to support, we gonna also pay attetion if the price after the retest in the resistance will not go directly to the next suport zone, but is gonna restest at a fib level.
FSM - possible upsideFSM looks good and it seems to be ready for more upside.
Key support has held and Williams Alligator looks like it's going to have a bullish cross which would be a buy signal.
3 targets are shown on the chart.
58 % upside potential on FSM
Good luck
SILVER Daily IdeaIdea for Silver portraying a double bottom that pushes price up
A break from the downward movement that has been seen recently on Silver.
Daily timeframe
SILVER (XAGUSD) Detailed Analysis & Trading Plan 🪙
Daily/4h time frames analysis on Silver.
Price action analysis.
Key levels & candlestick analysis.
Trading recommendations.
Thoughts.
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