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Silvershort

$SLV three possible outcomes, all lead to lower prices?While many people have started to turn bullish on $SLV, stating it's undervalued (which it very well may be), looking at the chart tells a different story. If you zoom out, SLV looks to be correcting still. I see three possibilities in price action from here, and all lead to lower prices in $SLV. While there may be a squeeze higher in the short term, I can't really see price getting above the $24 level. If we were to reject there, or below that level, it sets up the stage for a sharp move lower, somewhere into the $13-16 range. I've put key levels of support on the chart on the way down. I see this move taking the next 2-3 years to fully play out, and if it does, that would be a great range to buy for the long term as I'd expect SLV to finally breakout of a 10yr+ bear market afterwards.
AMEX:SLVShort
by benjihyam
MONDAY OVERVIEW - Long Term and Intraday Setups on INDEX and FXHi Traders, This is my view for this week on: - SPX500 - NAS100 - SILVER - CHFJPY - EURUSD - GBPUSD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Pit DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice. ———————————
by kitchen_trading
SILVER (XAGUSD) 2 Scenarios Explained 🪙 Hey traders, Silver is currently approaching a year's low. Depending on the reaction of the price to that structure, I see 2 potential scenarios: Taking into consideration that the market is trading in a bearish trend, we will most likely see a breakout attempt 20.46 - 20.66 horizontal support. Its violation and daily candle close below that will most likely trigger a bearish continuation to 19.72. If buyers start pushing from the underlined yellow zone, wait for a bearish breakout of a falling trend line. Its violation will trigger a bullish move to 21.5 level. Wait for a breakout and then follow the market! What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
8
SILVER (XAGUSD) Important Breakout & Bearish Continuation 🪙 Update for Silver. As you remember, traders, we were preparing for a structure breakout attempt yesterday. The price easily broke and closed below 20.44 - 20.94 demand area. The broken structure turned into a supply zone now. I expect a further bearish continuation to 19.69. Consider an occasional retest of a broke structure for entries. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
6
Right Angled Descending Broadening WedgeChart Story here is.. from a Ascending broadening wedge the bears took it down.. and there was a great chance that a Bullish divergence would appear. It did... course went up and so a Descending triangle formation was there to bring the course down again. Because the price then widens a bit on the downside in a sideways move, I consider it a Right Angled Descending Broadening Wedge for now. Besides this pattern, you could probably also make a W pattern out of it but the characteristic of the Broadening wedge is "often", that after hitting the top or bottom 2 or 3 times the price comes back halfway during a rise or fall and then breaks out. these scenario's makes it possible to trade them but in times of macro economic uncertainties at the moment, caution is advised at all times. manage your risks at all times. disclaimer: this is not a financial advise
TVC:SILVER
by Tims.Technische.Analyse.
SILVER (XAGUSD) Your Detailed Trading Plan 🪙 Hey traders, Silver is trading in a bearish trend. After a recent retracement, the market formed a cute head and shoulders pattern on 4H. 21.28 - 21.47 is its neckline. Wait for 4H candle close below that as your confirmation to sell. Then open short aggressively or on a retest. Goals will be 20.93 / 20.7 Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
7
Silver: CircuitousSilver seems to prefer things a bit more complicated, and thus has made a detour back above the mark at $21.25. However, as long as it stays below the resistance at $22.56, we still expect silver to directly continue the descent below $21.25 and into the lower orange zone between $18.78 and $16.88, where the overarching downward movement should end. There is a 38% chance, though, that silver could expand the detour above the resistance at $22.56. In that case, it should rise until the upper edge of the orange strip between $22.74 and $23.46 before resuming the descent.
COMEX:SI1!Short
by MarketIntel
1