Silver markets finally stabilize during the trading session on Thursday as the markets finally slowed the massive selling pressure that had been so pervasive the last several sessions. The markets continue to pay close attention to the US dollar, and what it is doing. Silver is very sensitive to the greenback, as it is priced in that currency, and the contract...
XAG/USD (SILVER) will push lower to make a new low below $22.6 and after that, it can push a little bit higher, but not above $23.7. Then it will go for one deep correction as a continuation of wave (2). In the alternative scenario (marked by red alpha numerals), we have already finished wave (2) @ $21.4. So right now, it's running expanded flat, and will soon...
In my past Silver analyzes, I said that XagUsd is more bearish than Gold and the H&S trap confirmed this scenario. Now, as in Gold's case, Silver is in a small correction and this can give us the opportunity to open short trades at better prices. 24 zone I expect to be very well offered and there we should search for selling opportunities. Only Silver above 24.80...
Yesterday I said that Silver is more bearish than Gold, and indeed, although it has risen, it could reach the last top As you all may have seen, we have a clear H&S pattern with the neck-line at 24.80, which is broken at this moment. Although this means upward momentum, the price is stalling above this neckline and looks more like distribution at this point and...
Hi there, Silver is preparing for the next move lower, we are just making a correction in smaller timeframes for the next target between 19 to 17 usd, watch price action at smaller timeframes and short at the breakdown of the bearish triangle formation. Dxy is also heading higher and preparing a breakout, which gives us confirmation of the down move on silver. Good luck
Unlike Gold, Silver is weaker and the price couldn't correct the drop, instead consolidated in a tight range. At this moment the price is exactly in a strong support zone and considering the incapacity of correcting, I expect a break and a hard fall for XagUsd My target is 19 and only Silver back above 23 would negate this bearish scenario
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Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ XAGUSD is bearish on the long-term outlook. The sellers were in charge of the Silver market since June and the bears’ momentum has been increasing. The price has been...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The XAGUSD price has broken out and dropped from 25.96 to 22.08 in the last couple of days near a 14% drop in price, the Market was trending in a downward channel but it...
Unlike Gold, Silver corrected the steep Monday's drop in the same day, and confirmed old support as resistance. In the past days the price consolidated in a range and a new drop is probable at this point. I will look to sell rallies and only a close above resistance would change my bearish opinion
Like its bigger brother, Gold, also Silver saw a strong reversal day yesterday. The day ended with a long-tailed Pin Bar, which can be an indication for further losses. Also here I will look to sell rallies
After proving 28 zone as a strong resistance, Silver has started to roll back just to find 25.50 zone as support. One month of consolidation followed and at this point, XagUsd looks ready to break down. 23.80 support could be bears target and Silver back above 27 would negate this scenario
XAGUSD may be setting up a buy! Sitting at support now... a support I believe is sneaky strong! Take a look with me....
Hi everyone, Silver is preparing for another move down, target 19-17 wait for the breakdown and enter sells at the confirmation of break, watch lower timeframes for the entries Good luck
#xagusd, silver forming higher high and higher low weekly and monthly charts. 27.45-30 highly demand zone for buy. target 29.30-40. stop loss below 27.20.
On 7th of MAy 2021, as we can see on daily chart, Silver have broke out of down trend line and build up Squeezing broke out 26.5 Trading plan; Wait for retest at 26.5 where previous resistance turn into support, Target TP 1 at $28 , TP2 at $29
Silver is trading in a range for 2 weeks now with a clear ceiling at 26.50. Bulls are unable to take control and drive the price above this level and XagUsd keeps rolling down to support A breakdown seems imminent for Silver and short-sellers can have a target under 24. Sell rallies above 26 can be a good strategy and only a clear close above 26.50 would negate...
We take this trade for long term signal