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Silvershort

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
Silver is approaching short term resistanceAfter making an instraday low just under 22 figure on Monday, Silver has started to recover and now is trading at 22.55. However, the rise from the low looks corrective and is overlapping and now the price is also facing 22.60-22.80 strong resistance zone. My opinion doesn't changed and I 'm still bearish Silver but at this moment I wait for more confirmations. A daily close under 22.40 would bring this needed confirmation and price can drop to 21.40-21.50 after such a daily close
OANDA:XAGUSDShort
by Mihai_Iacob
4
SILVER (XAGUSD): Breakout & Bearish Continuation 🪙 Hey traders, At the end of December, Silver reached a strong horizontal resistance level. Then the price formed a descending triangle formation - bearish accumulation pattern. Breaking its support this morning the market confirms an overwhelming bearish pressure. I expect a bearish move to 21.6 level. Look for an occasional retest of the blue structure as your entry. Safe stop will be at least above the falling trend line of a triangle. ❤️Please, support this idea with like and comment!❤️
OANDA:XAGUSDShort
by VasilyTrader
26
Silver- Sell rallies is my strategyIn my last Silver analysis I said that above 23 is strong sell zone for Silver, and after 3 attempts to stay above this figure, Silver has dropped hard, confirming these attempts as false breaks and breaking back under 22.60 support. Now XagUsd is trading at 22.15 which is minor support and I expect continuation to the down side. My medium term target for Silver remains 19usd, but short term traders can see also 21.50 support as a confortable target. Sell rallies towards 22.60 is my strategy for Silver and the price back above 23 would negate this scenario
OANDA:XAGUSDShort
by Mihai_Iacob
1
Silver is entering my sell zoneIn my yesterday's commentary on Silver, I said that around 23 is the best place to sell. If we look at the h1 chart, we can see that since the 21.50 low and daily support, Silver has started its rebound. However, the rise is overlapping, not impulsive, and is drawing a rising wedge on our short-term charts. At this moment Silver is entering my sell zone between 22.80 and 23.30 and I expect gains to be well capped here. Confirmation of a potential drop comes with a break under wedge's support and the target can be the recent low. Also, a reversal from this point will make me strongly bearish Silver and in my opinion, this 21.50 can fall also if you get there. Silver above 23.50 would negate this scenario
OANDA:XAGUSDShort
by Mihai_Iacob
9
Will Silver drop to 19 zone(3000 pips drop)?Since August, Silver is trading in a 10-12% range, with a low just above 22 and a high in 24.50 zone. At the beginning of November, we have a false break above resistance and a quick drop to support afterward. Usually, false breaks lead to strong moves in the other direction and I don't expect this time to be different. In conclusion, in my opinion this support will fall, and XagUsd has a clear road to the next important support at 19 zone (a more than 3000 pips drop) I will remain extremely bearish Silver as long as the price is under 23.50 and traders should look to sell rallies towards that zone. Best of luck! Mihai Iacob P.S: Write your comment or share your chart and analysis in the comment section. Also "Likes" are much appreciated
OANDA:XAGUSDShort
by Mihai_Iacob
8
Silver can drop to 21.50In my previous Silver analysis I said that XagUsd is more bearish than Gold, arguing that after the false break of the H&S pattern, the price would also break the trend line support and fall to 22.50 support. And, indeed, the price fall even more and found support at 22. Now we are in a normal rebound and 22.80-23 zone should act at resistance at this point. Rallies towards that zone should be sold and the target can be 21.50 support. Only strong buying above 23 would change my bearish opinion
OANDA:XAGUSDShort
by Mihai_Iacob
6
Silver- More bearish than GoldLike its bigger brother, Gold, Silver also has a good start this month, with the price rising around 2500 pips or around 10%. However, after breaking above the neckline of an H&S, the price stalled and lacked strong continuation. Instead found a strong ceiling at 25.50 and yesterday's rally above resistance for Gold wasn't matched with a rally above 25.50 for Silver. This consolidation above the neckline looks like distribution to me and a drop under 24.70 could accelerate losses towards 23 zone support I will look to sell rallies and a daily close above 25.50 would negate this scenario
OANDA:XAGUSDShort
by Mihai_Iacob
14
SILVER:DOWNTREND|PRICE ACTION ANALYSIS| PRICE IS GOING DOWN... ⚡Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
OANDA:XAGUSDShort
by FOREXN1
2