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Silversignal

Silver May Test 26.50 / 26.80 after breaking above 24.80 Silver has closed above the long-term descending trend line that started in June 2021. But we need to wait till it breaks out above the 24.80/25 price zone for a long-term buy. 24.80/25 is identified as immediate resistance and double top price zone. Before June this year, when silver was above 28.80/25 price zone, it acted as strong support. Many times market-tested 24.80/25.00 price zone and silver bounced back to the upside. So, as the market stays below the 24.80/25 price zone, we should enter the market after breaking above the 24.80/25.00 price zone. So, breaking above the 24.80/25 price zone, our first target will be at the 26.50/26.80 price zone. There is a chance that the silver price may go to the downside correction from that level. In case, market breaks above the 26.80 price zone, our final target to the upside is 28.20. On the other hand, from the present rate, immediate support is identified at 23.00. and low swing price is 21.50 price zone. So, as long as the market is above the 21.50 price zone, we should not sell.
TVC:SILVERLong
by Gold_Trading_Expert
1
Silver- Will it reach 28 by year's end. IMO, it willIn my previous Silver analysis, I've argued that 23 is a strong buy zone and the price reversed exactly from that zone, putting in a Pin Bar on our daily chart. As in Gold's case, Thursday and Friday the price rose and at this moment Silver is rising towards resistance. This resistance can very well be the neck-line of an H&S pattern and a break here would expose important 28 zone resistance. IMO the end of the year will be bullish for PMs and also a long trade for XagUsd with 28 target would have a 1:3 R:R
OANDA:XAGUSDLong
by Mihai_Iacob
11
#XAGUSD SILVER LONGTERM BUYING OPPORTUNITYIn Weekly time frame price has formed a line formation, and currently siting on a support area. As a result of this important support area price structure in 4H time frame has shifted to bullish as you can see and price is creating a HH and HL. Now price is above 4H timeframe 144 EMA and also price is in bearish corrective move for retesting a previous resistance area which because of price bullish move has turned to support. in lower time frames we have bullish divergence which is another confluence for our trading idea. Now if price fail to come below the 23.045$ which is our previous low and manage to create a HL comparing to that low in 1H time frame we can technically say this lower time bearish corrective move has ended and we can look for buying opportunity today. We should remember this is a long term buying opportunity and our target could be around the high of this weekly time frame line formation which is around 29$, so use a wide and good stop loss in order not to get stopped out of this big bullish move in line with your trading strategy.
TVC:SILVERLong
by mohemati
2
Silver- Strongly bearish under 22.50Yesterday I've argued that Silver can drop hard if it breaks the flag pattern. After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag. I maintain my bearish outlook and I'm looking to sell rallies or directly the break. The target can be the measured one at 21 or, in the short term, 22.30, the recent low support
OANDA:XAGUSDShort
by Mihai_Iacob
14
Silver May Test 22.40 Again Before Pull Back To The Upside. Gold and Silver always run in the same direction. 20/25 years back silver and gold had little divergence price gap. But the price gap between these two metals is really high. 250/300 years back gold and silver were only currency. though nowadays every country has its own currency and many digital currencies. but the necessity of Gold and Silver still exists. Gold is the highest market cap asset in the world nearly $11.137 Trillion and Silver in rank number 7 and total market cap holding nearly $1.317 Trillion (according to 8marketcap). Fundamental View Fundamentally, Silver is under a bit of pressure because of a stronger USD. U.S labor market reports, FED's hawkish bias altogether favoring USD. Yesterday US inflation report came negative but Silver is unable to push up again. which is a sign of investors being still not ready to buy silver again. we will have to wait till next week how about the US economic reports perform. The pandemic is still not over yet. as a safe haven silver may be priced in again if the situation goes worse again. Technical View this week silver tested the 22.40 price zone which is September 2020 swing low area. Silver bounced from that price and still has a chance to test the 22.40 price zone again. As long as the silver price is below 24.50 to 25.50 rice zone selling scenario won't change. 24.50 could be a better selling zone with a 25.50 stop loss and target 22.50 price zone. breaking below 22.40/22.00 price zone, we can't go for the long-term sell. on the other hand, if we see silver breaks above the 25.50 price zone, we may see another buying market. so, we will buy breaking above 25.50 price zone, target above the 28.00 price zone.
TVC:SILVERLong
by Gold_Trading_Expert
1
Silver Launch Pad is Being SetSilver has long been a favorite of mine to trade. In the past few months, it has taken a nice breather creating what looks to be a consolidation pattern before an eventual move up. Gold seems to have created a double bottom this past week and I believe Silver is in the process of making a reversal from its recent slide down. f you zoom in on the daily chart, you will see a nice falling wedge reversal pattern forming. In the long run, I still expect Silver to push towards $100, but in the short term, $35 is our next target resistance level.
TVC:SILVERLong
by CryptoSyphn
Silver - are u ready to buy?The price made a good squeezing near the key level and finally broke through it. I expect on retest to 26,65. Only in that case, I'll buy. Don't forget about SL. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
TVC:SILVERLong
by Yuriy_Bishko
11
Silver at Key Pivot Resistance!Sl1! Nice bull flag at strong pivot resistance zone, an uptrend, since March 31 lows actively riding as support the 9ema (blue line). Entry could be a 1-hour candle close above the .618 fib extension with the 9ema as support crossing the 28 levels. Also, consider another 9ema backtest - ascending trendline confluent if you connect a trendline from the swing lows. Same as the RSI, making higher highs and higher lows in this ascending trendline. Will be updating as we go. Sharing humbling my POV and will gladly discuss with anyone if we agree or disagree, I'm a Full-time Life & Market student, always learning! Best regards and Happy Trading! Keep it simple 😉
TVC:SILVERLong
by UnknownUnicorn21414332
8
I AM ANALYZING FOR YOUR COMFORT - SILVERYellen's departure yesterday scared investors in metals terribly. particularly silver is easily frightened and diverted from its path. Unfortunately, the beginning of a beautiful bullish trend was transformed by Yellen into a moderate decline, but followed by indecision. The question mark launched on raising rates and implicitly the USD, will weigh seems quite difficult. The silver only needs 2-3 days for braking, and only then to think about whether to go up, or wait for clarifications. Normally he should try to recover from yesterday's decline, especially since Yellen later retracted, but we're talking silver, so be patient!
S
by Viorex