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Silvershort

Silver: Close Call 😮‍💨That was a close call! Silver has missed our alternative scenario by a hair’s breadth by popping above the resistance at $25.49. As it has gotten its act together just in time though and has drawn back again, we still expect silver to return into our pink trend channel to move downwards below the support at $21.41. However, although it has been narrowly avoided, our alternative scenario with a probability of 45% remains. If it prevails, silver should rise into the blue zone between $25.88 and $29.34 first before turning around again.
COMEX:SI1!Short
by MarketIntel
1
Silver: Into the Green 🌱 🌿Silver needs to relax a bit and as its last foray into the green was too short to enjoy, it has treated itself with another trip. We expect silver to extend the stay until the upper edge of the green zone between $23.69 and $24.43, where it should finish wave 2 in green. Then, it should turn around and leave the green zone to go down below the support at $21.94 and afterwards even further below $21.41. Still, there is a 38% chance that silver could surmount the green zone and rise above the resistance at $24.75. If it makes it even above $25.49 afterwards, it should continue the ascent.
COMEX:SI1!Short
by MarketIntel
SILVER - SHORTS DURING NFPSilver is currently within a descending wedge and we are currently in the middle of the final E wave of the wedge. At the moment we appear to be in ABC correction and anticipating another push lower down to the bigger bullish 61.8 fibonacci. The key area to watch is the 23 level. During NFP, anticipating price to push up to that level and then fall to the 19 level. Trade Idea: - Watch for a spike up during NFP and catch the rejection at the 23 level - SL above the spike - Targets: 20, 19 Goodluck and trade safe!
OANDA:XAGUSD
by WicktatorFX
3
Silver Still bearish Hey guys, This is a follow up to my last silver post against stating the fact in the short-medium term Silver and the overall market travel together. Obviously not to the same percentages but direction, This is why Silver is a great indicator to overall market direction. I still feel Silver will fall to at least the C line before consolidating which would work with the us100 falling again over the next week. If Silver closes below the green line with that bearish candle it will be a quick fall to that Sub $20 mark. These points are also backed by the DXY gaining momentum after its little pullback.
TVC:SILVERShort
by jackwheeler
Silver: No Dormancy 🐻 🐻 🐻 Usually, at this time of year, bears would be snuggled up in a cozy cave or den for their annual dormancy. However, at the silver market, they are full of beans and hold onto the price fast. After agonizing about it for a while, the silver price has finally fallen below the resistance at $23.48. Thus, we consider the downward trend we predicted affirmed. If the bears can keep the price below $23.48, we expect it to go even lower and break through the next marks at $21.94 and $21.41. Still, there remains a 30% chance that the bulls could interfere and cause a change of direction. If they prevail and bring the price back above $23.48, they could even manage to shove it above the resistance at $25.49.
COMEX:SI1!Short
by MarketIntel
Silver can roll back to supportSilver has had a very good start of the year, with the precious metal gaining more than 10% in only 3 weeks. From a technical perspective, the price has started to drop from an important confluence resistance given by the falling trend line and horizontal support and we can have a continuation to the downside in the next days/weeks. 23.50 is now support followed by 21.50 very important one which can also be bears target. A new high above 24.50 would negate this scenario
OANDA:XAGUSDShort
by Mihai_Iacob
6