This support need your focus#SILVER... well market trade near to his major supporting area.
It was hold 3 timea in history, keep in mind guys this time it can be different.
Let see what will be done from market side.
If market hold them bounce expected from this are otherwise not.
So t hols your buying positions below this support line.
Trade wisely
Good luck
Silveranalysis
silver ( xagusd ) Long Term Trading IdeaHello Traders
In This Chart silver HOURLY Forex Forecast By FOREX PLANET
today silver analysis 👆
🟢This Chart includes_ (silver market update)
🟢What is The Next Opportunity on silver Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
SILVER BULLISH DOUBLE BOTTOM FORMED Hello traders so XAGUSD Formed a Classic bullish reversal pattern the double bottom
so we might expect a bullish reaction.
OUR BULLISH CLUES :
-the price formed a double bottom on a key support level (M30-M15 TF)
-RSI BULLISH DIVERGENCE
the breakout and retest of the neckline will be our confirmation .
leave a like and follow if you found this helpful i post weekly setups and signals on my tradingview .
this is not financial advice just my humble opinion.
Silver 4H (Pivot Price: 22.95)Silver
stabilizing above 23.14 will support rising to touch 23.45 then 23.60 then 23.80
stabilizing under 22.95 will support falling to touch 22.81 and then 22.61
Pivot Price: 22.95
Resistance prices: 23.45 & 23.60 & 23.80
Support prices: 22.81 & 22.61 & 22.45
timeframe: 4H
Silver 4H (Pivot Price: 24.56)Silver
Hello,The silver price is facing negative pressure to try to break the 24.56 level, affected by the negativity of the Stochastic indicator.
stabilizing above 24.56 will support rising to touch 24.82 then 25.04 then 25.27
stabilizing under 24.56 will support falling to touch 24.31 and then 24.06
Pivot Price: 24.56
Resistance prices: 24.82 & 25.04 & 25.27
Support prices: 24.31 & 24.06 & 23.84
time frame: 4H
BluetonaFX - SILVER Diamond Pattern BreakHi Traders!
There has been a diamond pattern break on the Silver 1D chart, and there is potential for a re-test of the strong resistance level at 25.262.
Silver has been on a bull run since it found support near the long-term 22.117 level, and there was a momentum break to break and close outside the diamond pattern to complete the break.
We are now looking for further communication towards 25.262. If the market reaches this level, we expect strong resistance here again, as the market has not been above this level since May 2023, so there may be potential selling opportunities near this level.
We would love to hear your thoughts on this in the comments section. Please also do not forget to press the like button and follow for more updates.
Thank you for your support.
BluetonaFX
Jackson hole and silver below resistance. now?#SILVER... today is fundamental day, jackson hole and powell speach on table,
and silver is just below his resitance area 24.25
it will be market key level for today, keep close it because if market hold it as resistance then a drop expected otherwise it should be a market support in today,
dont be lazy here guys it will be expensive.
trade wisely
good luck
Silver ~ Snapshot TA / Bullish ConsolidationTVC:SILVER rallying to the upside & revealing its Bullish inclinations ahead of key Global Economic events.
Fibonacci Extension doing a great job identifying key Demand/Supply zones to watch for smaller-timeframe trend rejection/continuations.
Dashed horizontal lines (~25.26/~22.21) highlight key Make or Break levels for longer duration Swing Trades.
Golden Pocket/Gap Fill confluence presents interesting Stink Bid opportunity if Silver price action turns to disaster.
Boost/Follow appreciated, cheers :)
OANDA:XAGUSD COMEX:SI1! COMEX:SI2!
XAGUSD I Daily correction and continuation on the weeklyWelcome back! Let me know your thoughts in the comments!
** XAGUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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SILVER Analysis 20Aug2023if you look at the price movement last week, there is a possibility that a reversal will occur. I still use the Eliot Wave notation a few weeks ago with the assumption that the price will be bullish with the invalid area boundary below. if the area is violated then the elliot wave notation will change and the trend will probably be a complex correction wave.
Why Silver could reverse NOW!Hi Traders,
Silver is at a interesting zone right now.
One the one hand the longterm long trend is still valid. But we are close on the last low at $22.1
At this zone we have a massive support with last Daily low and also longterm daily trendlie.
Looking at today´s candle it seems that we might get a long reversal (possible bullish engulfing).
TP could be the Zone arround $24.4 where we have a resistance with also some key points and another trendline.
Wish you all great success!
Team tegasFX
SILVER : Rally from either of these inflection points expectedSilver is a safe investment and it can help to protect the portfolio against inflation and economic uncertainty.
I do expect a deep crash in US market in the near future and in the light of that view, I believe that it is time to add silver to the portfolio. I'm more interested in Silver over gold because it moves more than gold in terms of percentage.
I also expect immense potential for silver over time. Having hit record highs in 2021 and 2022, silver's industrial off-take is expected to strengthen further by 2.6 percent y/y to 550 million ounces (Moz) in 2023. Silver's industrial demand is highly likely to be lifted due to the vehicle electrification, and governments' expanding commitment to green infrastructure in the coming years.
Looking forward to add silver when it reaches either of the two inflection points mentioned. The position will be added in SILVERBEES.
Will update the entry level and more details underneath.