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Will SILVER Collapse or Surge from here?Here, In the beginning, the trend was incremental. But after making a sharp peak, it converted into the descending one. It started to increase by making arc-shaped strong support and fell from the peak. The trend made an ascending triangle between the support trendline and resistance trendline. If from the last candle of an ascending triangle, It moves in the upper direction, there will be an ascending trend, and the targets will be 26.4186 and 27.3800 . But if it will fall after the ascending triangle, There will be a downtrend. And targets will be 21.2500 and 20.2686 .
OANDA:XAGUSD
by forextidings
2
SILVER battling with 200 EMA in a rising channelSILVER Silver is tend to move along with Gold but the daily moving range is higher than GOLD Today the upside momentum has stopped by the Strong 200 Exponential moving average same as like the Gold. We can expect short term rebound after reaching the lower side trend line and may move towards 200EMA. For the longer term bullish trend Silver has to break the trend line as well as the upside trend line From my point of view it will fall after reaching the 200 EMA. if the lower side of the trend line was broken we can expect more number of sellers will come to move this metal below 22.000 Give a thumbs up if you found this idea useful Follow our profile to get regular market updates
OANDA:XAGUSD
by forexorbit
1
Why you should pay attention to Silver ?Silver has been hammered pretty badly during the sell-off in March and after the recent market correction. Nevertheless, the large timeframes tell a different story. When we zoom out, we can quickly notice the huge that silver has been putting since Dec-15 marked by the a lower low $11.639 in Mar-20 and then a solid bounce followed by a rally to $29.869 in August. This month the price has further corrected to $21.665 marking an oversold RSI up to the daily timeframe. Looking at the higher timeframes weekly and monthly, - taking the history since 2013 into account, we could see a large cup formation to which the current drop could be seen as the handle pattern being worked out, - taking only the recent drop into account, we could see a very interesting bull flag formation being worked out. In either cases, a breakout over $28 might send Silver back to .786 fib level with a price target over $41 before a longer consolidation takes place (if it follows gold's path). Silver is known as a lagger but it is also an aggressive mover since its cap is not as big as gold. I am definitely going to increase my exposure to Silver and silver mining stocks as well. Let me know you thoughts, like, follow and share to support my ideas. Until next time !
TVC:SILVERLong
by CryptoMargrave
SILVER LONG POSITION/SILVER BUY SIGNAL Hi guys, We have solid position on silver. * MACD DAILY BULLISH * StochRSI DAILY BOTTOMED * My view is that silver will after this strong pierce and selloff make attempt towards previous highs, drop again and continue to push since underpriced. * Target on silver is 48$/OZ. Having on mind position of S&P 500, DAX. FTSE and the other indexes, situation on stock market seems very shaky. SPX is in front of WEEKLY BEARISH MACD CROSSOVER which will result collision of index as we could see in the chart Apart from SPX, DAX seems even more shaky and i would suggest clearing stock positions and opening longs on metals (prefferably silver), since HH of gold should not surpass 57.000$ which is 10% at best comparing with silver which provides 218% return on investment (118% profit). Money from stocks will move to precious metals and crypto section. Appliance of silver from fundamental side is used in industry since all the batteries, fast chargers and so on could not behave as good conductior as silver, because it doesn't have "skin" effect like copper and it can endure big amperage which will be used in electrical car chargers (since gold is to expecive now). Silver will be too, but still not Usual ratio Au:Ag=20:1 Now is 70:1 in favor of gold (since gold made brakeout first Once again, i find silver highly underpriced and will collision of stock exchange (WHICH IS IMMINENT) and certain as Tuesday after Monday, money will move into " store of value" Good luck to everyone and happy silver holding. Will pay off big time !!!
TVC:SILVERLong
by milanjelic
13
SILVER IDEA UPDATED 2.0So with the stock market selling off this has impacted the silver price, which has now dropped below $26.1/oz. The price will now head back down to major support, previous resistance of $21/oz (and change). I would expect a very significant bounce off of this level after an healthy consolidation. We would then see a similiar reaction to what we saw back in march, april, may when the FED inevitably steps in with further "stimulus" to combat the second wave. Then I see silver bouncing around off of resistance and support levels before inevitably attempting to hit $50/oz by 2024. This is not a target date, rather an indication that it took nearly three years for silver to bottom after 2011, therefore we should expect a similiar time frame to get back up there.
TVC:SILVERLong
by WinstonWolfe
3
SILVER WHAT WILL HAPPEN? Hi again, Since it's sunday and i am in analysing mood.. i will share my thoughts about Silver. Beware this is not an advice! I think Silver has got more moves than Gold even though it's related. I don't see anyone here sharing thoughts about Silver that's why i decided to share. Sharing is caring! I always buy small pieces and when i do buy Silver i will keep a close eye on it. I have set alarms and alerts as you can see on all of my charts. I don't know it trading is your hobby or your full-time occupation. This all depends on making decisions depending in which situation you are. Well i am a full-time trader and i have got lot's of time to take trades. Everything in life takes time if you would like to do it well! But this is my opinion. Back to Silver. I think it is in a range as you can see in my chart. Will it go to 28.2 or break the support level? Nobody knows exactly. We have had 140 wonderful days of Silver as you can see. Life can not be always wonderful all the time we are now stuck in this range.maybe till election time...personally i think it will go down a bit and then back up to test a new ATH. I will buy more silver when it's around 26. Also hold my current earlier buys. I will not open any sells unless it breaks 26.000. Good luck and safe trading everyone! Hope you appreciate me sharing Silver thoughts.
FX_IDC:XAGUSDLong
by megustadinerow
SILVER (XAG/USD) Day Trading Strategy & AnalysisSilver made descending triangle pattern and it's base range is 2.36 . Descending triangle pattern refer as a reversal pattern. Currently, XAG/USD is in consolidation area, and playing at resistance trendline. This pattern has 1% chances to breakout upside. And if it will happen then we may see prices at $28.600 - $29.800+ . DAY TRADERS: In this situation, we should wait for the flat lower trendline breakout. And you can keep selling silver nearby LH level for support trendline (Target: $27 - $26.67060 ). SHORT-TERM INVESTORS: As I indicated in the chart, if the support trendline breakout happens then you can sell for target prices $25.85360 - $25.22460 - $24.44060 . Please note before buy/sell you must identify fakeout, excess, or tail. If you need any help don't hesitate to ask, PM me.
OANDA:XAGUSD
by forextidings
SLV and silver continue weekly bullish trendSLV needed to close above the $24.90 higher low of last week today to continue i's bullish trend on the weekly chart. Nothing fancy here, simple upward bullish trend. Yesterday Feds promised inflation which is the ultimate bull signal for precious metals, when considering phys demand remains very high and supply is very low in the US, falling dollar, and China and other countries starting to buy electronics again, all signs point to continued rise with expected small pullbacks due to bank manipulation of the COMEX/ETF. I suspect silver, SLV and most mining stocks will out perform gold here on out since it is still extremely undervalued. As inflation rises, silver, the poor man's gold will have continued retail interest in physical as well as ETF's See my other charts for support and resistance levels, Fib levels Fed policies, and other analysis...I have been adding on every pull back and now just hanging on for the the ride up to $50 with $45 Jan calls. Don't miss the boat.
AMEX:SLVLong
by Fibonacci43
SILVER must GO UP!Hey tradomaniacs, looking at silver we can see a very nice contraction which is ending with a breakout to the topside. DXY is really weak and continues to push metals such as gold and silver! A breakout here would give us an awesome chance to buy - As always with low risk as the market can be unpredictable. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:SILVERLong
by Trading2ez
3
Silver about to determine its wayApparently SILVER is finding its way for next run. Its quite looks like its formed an trangle and waiting for its break out. if it break below the trangle, on the support side 25 and 25.50 should provide sufficiend support. I wont surprize even if falls to 24.00USD. But, fall below it might signifies the end of current up trend in silver. If the trangle breakout seems to be bullish, than 28.50 and 29 should act as resistance. Happy Trading. This is not financial advice. We will not be liable if any losses occur. Trading in the financial market carries risks. Make sure to maintain proper money management to maintain the risk.
TVC:SILVER
by ynjn