Silver - what nextJust 2 days , i expect silver to start milting , its now in fist target .
I think new low is possible .
Good Luck
Silvershort
Silver update Silver looks weak and cant pass the resistance line .
Shorting from here is a steel , and good point .
Still in down trend and we can make lower low before the next pull run .
Good luck
Silver Trend is downside TodaySilver is looking on downside today and looking to touch again the 22's level. target range will be 22.80 again
XAGUSDSILVER touched top line of important correction. I think silver is looking GOLD and DOLLAR INDEX. DXY is really important for this chart, if DOLLAR takes power, SILVER can have good correction.
SILVER -pt. 2 - Still in correction?Hello traders!
In the first post about silver we exposed how according to our Elliott Wave Count silver should be about to finish the second X wave in a triple three correction for cycle wave 2.
Since we arrived to a confluence zone with both the main bearish trendline from May '21 and a big volume cluster, we believe that price has a high probability of rejecting this area.
Therefore we are short from @24.32 with stop loss at @24.75. The risk for this trade is 0.7% of equity.
GMR
Fibonacci Retracement on SilverTVC:SILVER
Fibonacci Retracement applied on daily timeframe of TVC:SILVER suggests that support at current levels will help it test around 24.3 & 24.9 yet not sustain it; but ultimately it will bounce back from weekly price level of 24.03.
All silver traders need to watch these six data points It's important to stay informed about the market and various data reports that can affect silver prices. Here are some key data reports that traders should watch when trading silver:
1-Gold-silver ratio: The gold-silver ratio is the number of ounces of silver that are needed to purchase one ounce of gold. A high ratio indicates that silver is relatively cheaper compared to gold, while a low ratio means that silver is relatively more expensive. Traders can use this ratio to assess the relative value of silver and make informed buying and selling decisions.
2-Industrial demand: A significant portion of silver is used in industrial applications, such as electrical conductors, batteries, and medical equipment. Therefore, changes in industrial demand can have a significant impact on silver prices. Traders should watch for data on industrial production and manufacturing activity, as well as any news that could affect the demand for silver in these industries.
3-Investment demand: Silver is also used as a safe haven asset and can be bought and sold as a form of investment. Changes in investor sentiment and demand for silver as an investment can have a significant impact on prices. Traders should watch for data on investment demand, such as the level of silver holdings in exchange-traded funds (ETFs) and the level of silver bullion held by central banks.
4-US dollar strength: Silver prices are often inversely correlated with the strength of the US dollar. When the dollar is strong, silver prices tend to be weaker, and vice versa. This is because a stronger dollar makes silver more expensive for buyers using other currencies, which can decrease demand and lower prices. Conversely, a weaker dollar can increase demand for silver and push prices higher. Traders should watch for data on the value of the dollar, such as the US Dollar Index, to assess the strength of the currency and its potential impact on silver prices.
5-Inflation expectations: Silver is often seen as a hedge against inflation, as its value can potentially increase as the purchasing power of money decreases. Therefore, changes in inflation expectations can affect silver prices. Traders should watch for data on inflation, such as the Consumer Price Index (CPI), to assess the likelihood of future price increases and their potential impact on silver.
6-Interest rates: Changes in interest rates can also affect silver prices, as higher interest rates can make it more expensive for traders to hold silver and other commodities. This can decrease demand for silver and put downward pressure on prices. Conversely, lower interest rates can make it cheaper to hold silver and increase demand, potentially pushing prices higher. Traders should watch for data on interest rates, such as the Federal Reserve's benchmark rate, to assess the impact on silver prices.
#XAGUSD next downtrend (Daily chart)In the daily chart it looks to me like we could start looking for short positions in silver as it broke the HL and didn't come back to any resistance level we can go looking for a position once there is a retracement again and hope it hits its support
Not a signal
DYOR
Silver (XAGUSD): Bearish Outlook Explained 🪙
Hey traders,
At the end of December, Silver reached a solid weekly structure resistance.
The market was nicely rejected from that.
Analyzing a daily time frame, I spotted a confirmed breakout of a support line of a rising wedge pattern.
It confirms the strength of the underlined zone.
I expect a bearish move to 22.84 / 22.2
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Basics : Silver Daily Timeframe TVC:SILVER
By applying #Dow theory, following observations are noted
Downtrend : From Mar22 till Aug22; almost 34% profit if short position is considered.
Uptrend : From Sep22 till date; almost 32% profit if long position is considered.
SILVER (XAGUSD) Bearish Outlook🥈
Silver reached an important horizontal weekly structure.
The price formed a triple top on that on a daily time frame.
Its neckline breakout confirms a highly probable bearish continuation.
Goals: 22.6 / 22.2
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Silver’s rally has been strong, but a pullback could be dueI do not expect this to be a popular view, given the excitement of the rally on metals in general in recent weeks. But no trend lasts forever and we’ve not really seen much of a pullback on silver prices lately. Besides, silver has risen nearly 40% since the September low and fast approaching the upper trendline from a wide (slightly bearish) channel. The tendline also resides near the monthly R1 pivot and $25.
Prices are holding above trend support on the daily chart, but a bearish divergence has been forming with the RSI (14) as its rally has lost steam over the past couple of weeks. A bearish pinbar also suggests bulls are losing control, so we’re now waiting to either see momentum turn lower or provide a series of bearish reversal candles below $25.
The main issue with trying to pick turning points are it can leave one vulnerable to a series of false entries and/or giving up before the turn. Therefore, bears may want to use smaller positions with a wider stop, and fade into spikes below $25 before increasing exposure if momentum does finally turn lower. Alternatively, bears could wait for a break beneath the monthly pivot point to confirm a trend reversal on the daily chart.
CFDS ON SILVER52-Week High 27.500
14 Day RSI at 80% 25.112
Pivot Point 3rd Level Resistance 24.219
23.890 3-10 Day MACD Oscillator Stalls
Pivot Point 2nd Level Resistance 23.719
23.642 61.8% Retracement from the 52 Week Low
Pivot Point 1st Resistance Point 23.379
High 23.220 High
1-Month High 23.220
13-Week High 23.220
Last 23.038s Last
14 Day RSI at 70% 22.958
22.879 Pivot Point
22.696 14-3 Day Raw Stochastic at 80%
Previous Close 22.637 Previous Close
$SILVER - STILL WAITING FOR THE SHORT SELL AREA.$SILVER - STILL WAITING FOR THE SHORT SELL AREA.
It has been a nice run from the $17 range where I bought my first #silver bags.
I think Silver can perform well from a macro perspective but the $25.50 range will be strong resistance.
Are you owning any precious metals?
Xagusd Looking Weak Formed Rising Wedge In H4 Timeframe
Rsi Printed Massive Bearish Divergence Too
Incase Of Breakout Expecting Bearish Impulse
XAGUSD, sell silver, sell entry around 24.00, TP around 21.50I'm waiting for the price to reach around 24.00.
Then the sell entry with TP around 21.50.
Weekly resistance should be respected (yellow line on chart).
P.S.
This is not financial advice of course, just my idea.
XAG/USD ShortHello , there is a pattern already completed .
My idea is that XAGUSD will hit at 21.65 as first target .
As a second target i will set 21.30 and as a third target 21.
! Beware this is not a signal , if you decide to take the trade then it is on your own risk !
SILVER - W patternHello hello! Today we have some nice Ws on many metals, the one on Platinum is already completed, so we could expect a completion on Silver and Gold as well!
Silver update A nice double top pattern in 4 hour frame
Looking for 20.4-20.5 today
Yesterday was a good play but we dont reach our target
Today will be easy target
GOOD LUCK
Silver update Iam already in profit sold the 22 area 21 area my target still the same 20 $ or below
I believe we can drop
Am not a buyer every upside movement is for sell
Today target 20.500
GOOD LUCK
Silver quick lookTechnically, silver will test strong support, as what it breached, we may see it again at 22 levels.
The four golden rules of trading
1 Don't be greedy
2 Always use stop loss
3 Never add other positions to the losing positions
4 Use a suitable lot for your account
❤️Please, support our work with like & comment!❤️
Silver update Bought more at dip and when it reach the target ill be a seller
It was a small trade , but it doesn't success.
Any way i believe the direction is down and my target still the same 20-19 .
When it goes up ill turn again to seller.
GOOD LUCK
Silver Levels & Strategy for next few daysDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Sagar Bhai, Silver had an excellent run in last 1 month from below 55K level to 63K plus level. Silver has made LH-Lower High pattern on chart, trading below VWAP. Showing sign of tiredness after decent up move. Silver is likely to consolidate or correct from this level. This is a good time to book profit. 59000 to 60000 should be good range to enter in long position for few months. We are likely to get a chance near next US FED hike when US Dollar Index will get stronger. Please review & share your thoughts as well.
