Silver Rising WedgeSilver has formed a rising wedge
I expect after a final push the wedge will breakdown, i cant be sure though its just TA
The rising wedge pattern is a bearish continuation pattern
This is a short time frame 1H
Silvercharts
SILVER UPDATE technicaly based forecast
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💡 SILVER technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see strong bulish candels formation, technicaly picture good, expecting to see push in price till FIBO 0.6, possible based on candl foramtion and break of 0.6 FIBO
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Silver fractalSome silver fractals, what i mean by 'equilibrium crossover' is the point where the rising wedge breaks down into the falling wedge, producing the bullish pattern. After some more movement down within the wedge upward movement can be expected as per the falling wedge pattern. Used a mirror support level for a possible reversal point for silver.
SILVER (US$ / OZ) MonthlyDates in the future with the greatest probability for a price high or price low
Gold/ Silver Ratio - Historic First - 115 : 1The gold silver ratio (GSR) has set a new 100 year record, with the value of 1 ounce of gold exceeding over 115 ounces of silver.
I would suspect that the drop in silver is largely due to the global slowdown that we are currently facing from the Coronavirus, as silver is predominantly an industrial metal, given that this slowdown is far from over then the logical conclusion would be that silver's move to the downside is not yet over.
This means that despite the GSR being in excess of 115, then higher levels are entirely possible, and are in fact likely.
This comes on the back of silver making intraday lows, below that of the 2015 lows around $13.65, with silver touching $12.70, this means that we could be seeing silver in the single digits in the not-too-distant future, particularly if the global lock-downs continue.
That being said, we are likely to see some enthusiastic buying at these levels from precious metals investors, particularly with the GSR at these levels.
So a bounce is possible, although i do see lower nominal silver prices going forward, the GSR however, may not display the same one sided move.
Sources:
www.macrotrends.net
SILVER (US$ / OZ) DailyDates in the future with the highest probability for price direction reversals
SILVER Intraday BullflagSilver has formed a bullflag on the 1H chart, this will lead to fresh gains. It can be seen that the price is sitting above the immedaite trend line resistance.
XAGUSD. Does this mean growth?Hey.
In just 4 days, the Silver price managed to fall from the resistance level to the support level.
For now, I would not recommend buying or selling silver. Because in this case it is a big risk, however,
the price will rise in the near future and will reach its target at a key level. Be careful. I wish you good luck.
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This idea does not provide the financial advice.
Silver/USD bullish signsHello.
Few noticements here on weekly time frame on silver:
Double bottom (red marks)
Good, clean looking reversed head and shoulders
After breaking the 200 ema (red line) it used it as support. If you compare this to previous movement it could be possible that we see upward movement as as long as we stay on top of it.
Same happened on the 20 ema (yellow line) four weeks back. Tested it 3 times but bulls took the lead.
Also downtrend (greenline) is broken with and nice looking cross on 50 (brown) and 200 ema which both are bullishs signs
Just simple speculation ;)
If you do trades always use stop loss
-Jebu
Silver Inverse Head and Shoulders Pattern. $20 /oz by Mid SummerClear inverse head and shoulders pattern could lead to a breakout in silver, finanly above $20/oz. Leading the way for a bull run in the PM's.
SILVER D1silver is middle of the down trend channel, on the other hand I think we have a support level 17.5
if you draw fibo level, you notice that the price reached to 61.8 after that pull back to up side
I do not think the metal market is going to down side, I am looking for buying opportunity
Silver next Four Moves forecastLong And short silver on given levels on chart with proper money management thanks
XAGUSD Watch lower time frame for buy setupsHi traders,
Keep your eyes on lower time frame for buy setups. Do not sell without having a correction.
short silver near 17.47/17.53 Target 17.00Short silver near 17.47/17.53 Sl above 17.60 Target 17.00 Thanks just Trade with proper money management.
Short silver near 18.10/18.13 sl above 18.20 Target 17.74Short silver near 18.10/18.13 sl above 18.20 tp 17.74 Thanks
XAGUSD Weak DowntrendPerfect touches on the EMA line, a retest is possible however I think this weak downtrend will be broken after a small pullback from the double top formed, silver may follow gold and palladium in its recent bullish nature. A bearish triangle can also be observed.
Waiting for SilverIf you like this idea, don't forget to support it clicking the Like Button!
Hi guys. This idea is a long term analysis of the Silver bullish trend (probably bullish).
My tactic for silver is to wait until the point (C) is reached and to expect for candle confirmation of bullish trend continuation.
If you are looking for a short-term trade on Elliott corrective waves, I suggest you look to the related copper idea.
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
Silver 4h short idea!XAGUSD potential short setup, price currently below 4h 50ma and has set a new lower low. Targeting the 127% fib extension. Look at my account for a big picture long trade idea
Silver Long Term Bullish Trend with 3 Possible Scenarios Currently bullish on silver with the following scenarios to be considered
A. Price breaks 18.20 resistance and continues higher to 18.70 or beyond
B. Short term pullback to 9ema zone before we continue higher and break resistance
C. A larger pullback to do more formal retest of the broken 17.40 area
All daily trend signals have flipped bullish (9ema, 20ma, ichi cloud twisting green), MACD also signaling green, the STOCHRSI is signalling a pullback in the near future.
Silver is a buy, any puts i'm in are for hedging.
Silver Chart AnalysisIn this long term chart of silver, a ascending broadening wedge is present, which led to a bearish breakdown. A falling wedge which led to a bullish breakout. A bearish descending triangle, and a recently formed bull flag that may lead to further upsides. Rising MACD supports this idea.
