SILVER 4H : 22.79 Is important for today SILVER
New forecast
The silver price tested the 22.79 level and maintains its stability above it, noting that the technical indicators continue to get rid of the negative momentum, waiting to stimulate the price to resume the upward wave that aims to test the 23.35 level initially, remembering that breaching this level will extend the upward wave to reach 23.49.
Moving average 50 continues to support the suggested bullish wave, which will remain in place provided it remains above the 22.79 level.
The expect range trading for today it will be between resistance line 23.35 and support line 22.79 until stabilized .
Additionally ,Today News will affect the market .
support line : 22.79 , 22.50
resistance line : 23.35 , 23.50
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Silveranalysis
SILVER 4H : Waiting for second target SILVER
New forecast
The price perfectly fulfills my last idea and price reached to our target waiting to reach the second target .
The silver price succeeded in achieving our expected target at 22.88, and begins the day with additional positivity to penetrate this level and attempt to hold above it, which supports expectations for the continuation of the upward trend and achieving additional gains reaching 23.35 and 23.50.
Therefore, the bullish trend scenario will remain dominant during the coming sessions, influenced by the positive pattern whose features appear in the chart above, keeping in mind that to consolidate under 22.88 will put the price under negative pressure, mainly targeting testing the 22.50 areas.
The expect range trading for today it will be between resistance line 23.50 and support line 22.88until stabilized
Additionally ,Today News will affect the market .
support line : 22.88 , 22.50
resistance line : 23.35 , 23.50
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER 4H : After correction trying to rise upSILVER
New forecast
The price perfectly fulfills my last idea .
The price of silver fluctuates with slight negativity to approach the pivotal support 22.23, and it rebounds from it and will settle above the resistance 22.50, waiting to stimulate the price to resume the expected upward trend for the coming period, whose next target is at 22.88 and 23.35.
Therefore, the positive scenario will remain in place, supported by the moving average 50, keeping in mind that breaking 22.23 will nullify the positive combination that supports the proposed upward trend and put pressure on the price to decline again.
The expect range trading for today it will be between resistance line 22.88 and support line 22.23 until stabilized
Additionally ,Today News will affect the market .
support line : 22.50 , 22.23
resistance line : 22.88 , 23.35
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Silver I Potential upside Hello,Traders!
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XAGUSD (Silver) is trading in a downtrend on the daily and sitting
right below the 50 MA. After the recent decline and consecutive
rejection at 20.73, price has been pushing upward in an impulse,
correction phase. It is currently rejecting the 32% fib after the
impulse rise from 21.77. All signs are pointing to more upside at
the moment with a potential target to resistance 23.50
Trade safe and good luck!
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SILVER 4H : 22.23 Support to rise upSILVER
New forecast
The price perfectly fulfills my last idea and price reached to our target .
The price of silver was able to cross the 22.25 level to confirm the continuation of the dominance of the upward trend, and the way is open to achieving our new positive target, which is located at 22.88, noting that the previously completed positive pattern has positive targets that exceed the last level to reach the 23.50 areas.
Therefore, the upward trend will remain effective for the coming period, keeping in mind that breaking 22.23 will stop the expected rise and put the price under negative pressure in the immediate term.
The expect range trading for today it will be between resistance line 22.88 and support line 22.23 until stabilized
Additionally ,Today News will affect the market .
support line : 22.50 , 22.23
resistance line : 22.88 , 23.35
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
XAGUSD I Short from resistance Hello,Traders!
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XAGUSD is trading in a downtrend
on the daily, however after the recent bullish impulse
and bullish engulfing candle on the weekly, we believe a
correction to 22.28 is in process and then, more
potential upside is probable. Short!
Trade safe and good luck!
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Macro Monday 16~SIlver 2nd in RecessionMacro Monday 16
Silver Performance During and Immediately Post-Recession
Over the past few weeks I have heard many financial analysts recommending holding Gold and Silver for protection against a recession scenario or at least holding some bullion as a diversifier or insurance against currency risk. Today’s Silver Chart and Golds Chart from last weeks Macro Monday are aimed at identifying how good these assets performed during the last 8 recessions.
Last week we covered how gold performed during the last 8 recessions and discovered that gold provides an average return of +7.3% during recession periods whilst the S&P500 averaged a -35.6% decline. It is important to note that Gold’s price declined by -9.3% and -6.3% during 2 of the last 8 recessions, however it performed better than the S&P500 in both those scenarios during which the S&P500 declined -12.7% and -16.3% respectively. Last week’s chart of Gold demonstrated that it can offer protection during recessions whilst also potentially offering an average +7.3% return over those period.
The Chart
Interestingly Silver does not appear to be as protective as Gold during recession periods however it appears to make positive moves post-recession which is valuable to know as timing your silver allocation later in a recession cycle could be benefit your portfolio;
1. During 6 out of the last 8 recession periods Silver has declined in price by an average of -9%.
- This is a lessor performance to Golds positive average of +7.3% over the same period.
- However, Silver declines less than S&P500 which declines on average -35.6% over these same recessionary periods
2. Within a 6 months immediately post-recession Silver has increased in price 7 out of 8 times by an average of +18% (blue areas on chart)
- This provides an argument for diversifying a portion of your gold or cash position into Silver late in a recession or at the end of a recession period.
- Obviously timing this would be difficult however, if you had a Gold position that increased between +7 – 10% during what you believe to be a recession period, it could be beneficial to start allocating a portion of that position to Silver based on the average +18% potential within 6 months after the recession ends. There is no guarantee of course.
The Silver Second Allocation Approach
Based on the price history of Gold and Silver over the last 8 recessions there is an argument to not hold silver at the onset and/or during the recession itself (as silver declines -9% on avg during the recession period).
At the onset and during a recession Gold has a much better record with an average return of +7.3% however, Silver can offer significant returns in the 6 months post-recession with an average return of 18%, thus as we wade closer to the end of a recession an allocation into Silver could put you on the right side of probability. No Guarantees.
The Silver Long Hold Approach
Interestingly if you check the data chart which I will share in the comments, you will see that Silvers overall performance (recession periods including the 6 months post-recession period) is positive with an average of +9.1%. In other words, if you held Silver through the recession period and the 6 months post-recession, the average return is 9.1%. Amazing what an additional 6 months of patience can achieve. This is where there is a potential argument to hold silver from the outset of a recession if you intend to hold it that 6 months post-recession.
When you check Silvers post-recession performance (6 months post-recession), it can historically increase as high as +50.6% thus a Silver allocation does offer that upside potential that Gold does not. This adds to the Silver Long Hold Approach argument however this has to be weighed against a potential -58.3% decline during the recession period (also evident on the chart as the opposite extreme).
Final Word
The safety in Gold during a recession is attractive and the post-recession potential return in silver is hard to ignore. Silver can go down or sideways when gold first starts to increase, this has been the case historically and often gold increases for 18 – 24 months before silver really starts to move and catch up (I will follow up this point with a chart).
I myself lean towards a later recession allocation to silver, lets say we get a 14 - 20% drop in silver with a 5 - 7.3% increase in gold, this could be a window to start building your smaller silver position from your gold or cash holding but for me, the silver position will always be smaller and allocated late into a recession. I want to emphasize there is no right approach, these are just considerations worth pondering about Gold and Silver portfolio allocations during recessions. The ultimate decision is up to you.
I hope both the gold and silver chart provide you with some perspective and help keep you on the right side of probability.
PUKA
DeGRAM | Silver short from kill zoneSilver is approaching the resistance level and the 50% fibo level.
The market is in a bearish trend; it's making lower lows. Price dropped from this level.
We anticipate a short-term trade from the kill zone.
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A bearish retest of #silver ? #gumus #xagtryg#silver is now on retest of broken trendline in rising channel. In this retest, if price declines, i expect more dump. NOT FINANCIAL ADVICE.
#gumus su an kirmis oldugu trend kanalina tekrar girmek icin retest yapıyor, bearish retest dedigimiz bu fiyat ataginda onumuzdeki hafta basi itibariyle sert deklinasyonlar gelirse bu #xag gumus fiyati trendinde bir sure ayi piyasasi olusturabilecektir. Sadece teknik ongorudur , her zaman kendi kararlarinizi kendiniz verecek durumda olunuz. YATIRIM TAVSiYESi DEGiLDiR.
SILVER 4H : stabilized above 22.23 will support to rise SILVER
New forecast
Silver price trades rebounded downwards after it faced strong resistance at the level of 22.23, to test the strong support, starting the day on a positive note and heading towards testing the aforementioned level, waiting for its breach to open the way towards heading towards 22.50 as the next main target .so the main condition to be continue at the bullish trend is stabilized above 22.23 and then it will reach to 22.50 and 22.88 .
From here, our expectations for the upward trend will remain valid, keeping in mind that failure to penetrate and hold above 22.23 will put pressure on the price to decline again to head to 21.60 before any new attempt to rise.
The expect range trading for today it will be between resistance line 22.23 and support line 21.97 until stabilized
Additionally ,Today News will affect the market .
support line : 21.97 , 21.60
resistance line : 22.23 , 22.50
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Today's update for silver 4H Hello everyone, The silver price is showing noticeable positive trading to approach our expected target of 21.95, and we remind you that exceeding this level will lead the price to achieve additional positive targets of up to 22.29 in the near term.
The expected trading range for today is between support 21.60 and Resistance 22.29
Pivot Price:21.95
Resistance Price: 22.29 & 22.45 & 22.71
support price: 21.77 & 21.60 & 21.41
The general trend expected for today: Bullish
Timeframe: 4H
SILVER 4H :above 21.97 will support to rise upSILVER
New forecast
The price perfectly fulfills my last idea .
The narrow range continues to dominate silver price trading, awaiting a positive incentive that will help push the price higher again and achieve our expected target at 22.23.
Until now, we continue to favor the bullish trend in the intraday term but to confirm the bullish trend should stable above 21.97 and then will reach to 22.23 remembering that breaching the 22.23 level will push the price to 22.50 as the next main station. keeping in mind that breaking the levels of 21.35 will stop the expected rise and put pressure on the price to turn lower.
The expect range trading for today it will be between resistance line 21.97 and support line 21.35 until stabilized
Additionally ,Today News will affect the market .
support line : 21.60 , 21.35
resistance line : 21.97 , 22.23
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
SILVER - BEARISH SCENARIO 📉Today, The Silver Price Reached a Strong Resistance Level (22.51100 - 22.11245) and 50% Fibonacci Retracement Level.
So We Have a Bearish Scenario:
If The market Breaks The Higher Low (21.72533 - 21.57400) and Closes Below That,
I will Sell on Retest...
TARGET: 20.10000🎯
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SILVER 4H : support further rise SILVER
New forecast
The silver price is showing weak trading now, and is waiting for a positive stimulus that will help push the price to resume positive trading and reach the expected area at 22.23 and 22.50.
Until now, we continue to favor the bullish trend in the intraday term but to confirm the billish trend should stable above 21.97 and then will reach to 22.23 remembering that breaching the 22.23 level will push the price to 22.50 as the next main station. keeping in mind that breaking the levels of 21.35 will stop the expected rise and put pressure on the price to turn lower.
The expect range trading for today it will be between resistance line 21.97 and support line 21.35 until stabilized
support line : 21.60 , 21.35
resistance line : 21.97 , 22.23
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Silver(XAGUSD) - Elliott Wave CountSilver(XAGUSD) - Elliott Wave Count
this is one of the possible expected moves... pls trade with caution as the count may not be reliable.
Silver - It appears that the correction wave A has been completed in the market and is expected to increase towards the Wave B target. However, the price may then decline towards Wave 2. It is important to note that if the price breaks above Wave 5, this means that the correction of ABC has already been completed, as indicated in the wxy, and is expected to advance further.
Please exercise caution when trading as this information is for educational purposes only.
TVC:SILVER MCX:SILVER1! CAPITALCOM:SILVER ACTIVTRADES:SILVER FOREXCOM:XAGUSD_PER0.1 OANDA:XAGUSD FOREXCOM:XAGUSD
SILVER 4H : try to retest and then push upSILVER
New forecast
The price of silver achieved a clear breach of the 21.35 level and ended last Friday’s trading above it. The day begins with an additional rise and is heading towards testing the 22.23 level mainly, which makes us likely to witness further rise during the coming sessions.
Therefore the upward trend scenario will be remain valid and effective during next days but at first the price will try to correction to 21.35 and then will rise up to 21.97 and 22.50 ,keeping in mind that breaking 21.35 will stop the positive scenario and put pressure on the price to decline again.
The expect range trading for today it will be between resistance line 21.97 and support line 21.35until stabilized
support line : 21.60 , 21.35
resistance line : 21.97 , 22.23
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DeGRAM | SILVER longSilver price went down and tested a major support zone.
Price action is likely to consolidate at that level.
The market reached the demand zone, where the price made a sharp bullish move.
Price action created an engulfing candle at the support level, an indication of potential upward momentum.
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#silver #XAG Long Term StrategySilver has broke the trend line in the megaphone channel and will there will likely be a bearish retest. If price decline comes after retest, the silver price will probably go to find the megaphone channel dip. Mid / short time , this will be a bearish movement.
But in long term , after breaking this megaphone channel, silver will meet new ATHs in Q3 2024.
NOT FINANCIAL ADVICE. Do your own research and always decide with your knowledge not mine or anyone else.