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SILVER - 800% profit in 7 yearsSilver is already under an undervalued asset but we can expect even further price drop due to its manipulation which will happen in 2019. The diagonal support (yellow) was already broken twice and there will be a drop to $10-11 levels. When it will touch psychological barrier of $10 we can expect rapid growth (following green curve) which will cause price increase by around 800% until the end of 2025. Disclaimer I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions.
FX:XAGUSDLong
by bohucci
5
XAGUSD-Silver Medium TermMy previous recommendation on Silver to short at 17.30 for a target to 16.85 was successful, For now a top of the head & shoulder pattern is completed, expecting for the right shoulder to be formed to confirm the pattern. Intermediate trend looks to be bearish now as it broke the multi-days bull channel & all momentum indicators are turning bearish so a lower top is needed for confirmation of the bearish trend. Strategy: Short on a bounce around 17.03-22 for a target to 15.87, tight stop above 17.41
FX:XAGUSDShort
by UmarAbdurRehman
Silver Ready For Bounce BackSilver on the daily time frame is now at the lower range and looks ready for a bounce back up. As you can see the shape of the range is a bullish wedge. Meaning: a high chance to break to upper range and continue in an upwards trend. How ever as you can see theres still a bit of space left. My prediction is that after going to the upper range, there will be 1 more wave down to the lower range before a bounce that will break the upper range and lead to a new trend up to 18.400. Trading advice: Buy The Dips SL: 15.200, take small buy positions and be ready/able to add more buys every 0.400 dip or 0.200 increase TP: 17.800-18.400
COMEX:SI1!Long
by JoshFX1
GOOD PROFITS ON SILVER!BUT NOW WHAT?Very good entry on this last counter leg bounce of silver. A lot of traders ask me now what? Now the current trend line on hourly chart has lust broken.You can wait for a re-test of the trend line nad short it. Keep in mind that fundamentals stay unchanged supporting a price near 15$/OZ area. TECHNICALLY 1.WE CAN SEE THE 61,8% FIB RETRACEMENT OF THE INITIAL DOWNTREND THAT PRICE TRIED AND COULDN'T CHANGE THE MID-TREND UP. 2.MARKET GEOMETRY MEANING THAT IF WE DO THE SAME PROCESS AS WE DID AT MY PREVIOUS ARTICLE WE COPY THE ED RED LINE AND WE TAKE THE E'D' RED LINE THAT OCCURS AND WE PLACE IT AT THE CURRENT BOUNCE. 3.THE PRICE LINE THAT OCCURS IS AROUND 15,300$/OZ AREA THAT IT HAPPENS TO BE THE TOP LINE OF THE DESCENDING MID-TERM CHANNEL. 4.WE HAVE RSI DIVERGENCE ALREADY ON 1H AND 4H CHARTS. 5.STOCHASTICS IN OVERBOUGHT AREA. 6.THE 15,300$/OZ IS ALSO THE 1,618% FIB EXTENSION OF THE LAST E'D' COUNTER TREND BOUNCE WE HAD. 7.AT 15,300$/OZ WE HAVE A STRONG RESISTANCE ALSO AND A BULLISH ADVANCE PATTERN COMPLETION WHICH I WILL POST A NEW ARTICLE SOON. 8.AS WE SEEN AT HISTORY PRICE AFTER EACH SELL-OF RALLY DIDN'T RETRACED ABOVE 88,6% FIB RETRACEMENT INCLUDING THE WICKS SO WE WILL PLACE THE BUY STOP ABOVE THIS AREA. POSSIBLE TRADE: FIRST TARGET AT 16,300$/OZ AT PREVIOUS LOW STRUCTURE AND 61,8% FIB RETRACEMENT OF THE UPWARD MOVE. SECOND TARGET AT 15,300$/OZ AREA FOR THE REASONS MENTIONED ABOVE. BUY STOP AT 18,100-18,500$/OZ DEPENDS ON RISK APETITE ABOVE PRECIOUS HIGHS AND ABOVE 78,6-88,6% FIB RETRACEMENT OF THE LAST COUNTER RALLY. THANK YOU FOR SUPPORT! HAPPY TRADING!
TVC:SILVERShort
by The_Greek_Trader
Silver Sentiment Back To Sub 17When look at silver on the daily time frame you can see that it has broken the lower range of a small channel and is now heading to the lower range of the bigger channel. Given by the looks of the Indicators it looks like theres enough selling pressure and strength for silver to break through this lower channel and 14 EMA level. The previous up wave got rejected at the 72 EMA instead of breaking it. If you can see this also often means that price will retrace back. Entry: 17.100-17.300 area. Tp: 16.700 > 16.300 > 15.800 Sl: 17.700
COMEX:SI1!Short
by JoshFX1
Optimistic approach of Silver (XAUGUSD)? For the previous days, Silver (XAGUSD) has been on consolidation mode, and pushed towards the highs of the inside bar despite the good number of US' GDP. Along the levels where XAGUSD currently is is a messy chart. However, as seen on my 1-hour chart, the commodity is clearly above an ascending channel. Breakage of this channel will only result to few higher level. However, if enough catalyst is given for its boost, it may reach the monthly resistance and may possibly form a triple top. It is important to note that this commodity has always been pushed below whenever it touches daily's 200sma. Be careful at that moving average!
FX_IDC:XAGUSDLong
by bearvsbullmarket
Silver still BearishSilver is still bearish when looking at the indicators. I expect it to touch the lower range around 17.5 and a possible break of the range from that point. The past years silver seemed most comfortable in the 15.500-16.800 zone. This sunday we have the french elections, I personally expect that Le Pen wont win, giving the Euro a boost on monday. However I also see a decrease in safe havens because of this which means gold and silver will drop even though the euro will climb. Trading advice: Sell the spikes or if your equity allows it sell it at current market price and be ready to add more along the way or spikes.
TVC:SILVERShort
by JoshFX1