Hello There! Welcome to my new analysis about SILVER on several timeframe perspectives. As I pointed out in my previous ideas SILVER is in a more bearish condition with the bonds market being up as well as the DXY being up. These factors already point to a more bearish global term perspective for SILVER. Now a major consideration is the local term as well as...
Hello There! Welcome to my new analysis about SILVER FUTURES on several timeframe perspectives. The SILVER FUTURES recently showed up with important pullbacks which moved on to test further remaining levels within the whole structure. From a market perspective the bonds market recently showed massive strength with T-bills emerging to form several higher highs...
Silver is on a strong decline after the August 30th rejection on the LH trendline. The price is naturally on a bearish 1D time-frame technically (RSI = 39.492, MACD = -0.033, ADX = 26.676) but an RSI reading below 35.000 has been a buy opportunity since the end of May. Ideally the buy entry would be as close to S1 (22.235) as possible. We will buy and target the...
Silver formed a double top pattern, respecting a falling trend line on a daily. The second reaction from that was strong enough, so the price managed to break a key horizontal support and close below. I believe that after a minor correction, the market will keep going lower. Next goal will be a rising trend line. ❤️Please, support my work with like, thank you!❤️
This week fundamentals are very bearish for Silver. Analzing the indicators, I got a very strong bearish confirmation. Also, the bearish engulfing candle on 12H time frame increases the chances that sellers will push the prices low. Target Level - 23.5 Please, support my work with like!
Silver crossed today under the 1D MA200 for the first time since March 13th with the 1D technicals approaching a critical oversold level (RSI = 33.922, MACD = -0.337, ADX = 28.236). This confirms that the range from the 1D MA200 to the HL trendline is the Buy Zone of the long term Megaphone pattern. We are starting a long term series of buys today. If you seek...
Here is my detailed structure analysis for Silver. Support 1: 23.84 - 24.06 area Support 2: 23.25 - 23.44 area Support 3: 22.67 - 22.73 area Resistance 1: 24.28 - 24.88 area Resistance 2: 26.04 - 26.13 area Consider these structures for pullback/breakout trading this week. ❤️Please, support my work with like, thank you!❤️
The silver price is currently near US223.75/ounce, and it has fallen by about 1.4% during the day. If it falls below US223.75/ounce, this will open the way for a further decline in silver prices, and silver prices will continue to be expected for some time to come. The bearish trend scenario. Currently waiting for the silver price to fall below US223.70/ounce...
Ladies and Gentlemen, step right up and let the show begin! Please welcome silver, our brilliant artistic performer, in the arena that is our chart… See next: a somersault into the orange zone between $24.45 and $25.05 to finish wave iv in orange, followed by a brave downwards leap to complete wave v in orange as well as wave (a) in blue. Watch with bated breath...
Silver/ XAGUSD is at the top of an 8 month Channel Up. So far the top structure resembles the previous one of December-January, with the 1day RSI descending on both. Sell if a 1day candle closes under the MA50. Target the MA200 at 22.700. Buy if it closes over the dashed trend line (current high). Target the Fibonacci 2.0 extension at 27.700. Follow us, like...
Silver is trading inside a Channel Up pattern following the March 10th Low and the neutral 4H technicals (RSI = 48.188, MACD = 0.000, ADX = 33.202) indicate a short term buy opportunity. However, and despite the fact that the price hit the bottom of the Channel and is rebounding, it remains under the 4H MA50 for the past 24 hours and it requires the MACD to make a...
Silver is at a critical point as it is approaching Resistance (1) at 24.600 that is holding for the past 3 months. The MA50 (1d) is flattened and is inside the Pivot Zone. Trading Plan: 1. Sell as long as the price is closing under Resistance (1). 2. Buy if the price closes (as 1d candle) over Resistance (1). Targets: 1. 22.250 (Pivot Zone). 2. 26.000 (under...
Stochastic showing overbought conditions for quite some time on the daily chart. We have seen this retracement down many times before, it acts as a strong resistance. The 4-hour chart helps navigate the shorter-term direction with an immediate hurdle at around $22.56, which can be used for early exits. The longer term target could be at around $22.10, which is...
Hey everyone, i thought i would share my idea on silver. Silver has had 2 x ATHs in its history. Both times hit at about $50 Once in 1980 and the othjerr 2011. I think silver is well undervalued and think it could easy hit its ATH but this time will set a record new ATH. Ive kept my anylisis simple on this one, just basic support, resistance, trendlines...
XAGUSD/ Silver is on a 2 week rise after rebounding on the Rising Support. The price is now approaching the Falling Resistance that started on February 1st 2021. We expect a correction back to the Rising Support and bottom of the Pivot Zone. Target 21.000. Follow us, like the idea and leave a comment below!!
The gold-silver ratio is a key metric that traders use to assess the relative value of gold and silver. The ratio is calculated by dividing the price of gold by the price of silver and is used to determine whether one of these precious metals is under or overvalued. Effectively, the ratio tells you how many pieces of silver you could purchase for one piece of...
Silver is completely bearish on the 1D time-frame (RSI = 30.745, MACD = -0.501, ADX = 35.018) with the RSI almost oversold. The long term pattern since early 2021 is a Channel Down and the last time inside this pattern the 1D RSI hit 30.000 was on September 1st 2022, which was a market bottom and Lower Low on the Channe Down. In order to help us get a better...
Silver outperform gold during major crisis. During each crisis, Gold and Silver always performed exceptionally well compared to many other markets. In this study, we could see that during major crises, silver outperforms gold. Commodities are a good inflation hedge asset, precious metals are a good inflation and currencies hedge asset. Interestingly, prior to...