Silver

[vampire]

Silver or XAGUSD on my look till now still to be more bearish - this bearish look strong again after the price can break more down again to the 23.6 fibo (27.86) - if that happen = yes, I see the nice sell till max. TP to near that Low fibo again (26.76). But as long as the price still move above that 23.6 fibo = wait and see here could be better choice first, I see.

[ashaab]

Silver is still around the main resistance of the downside movement, without providing any breach of this resistance at 29.05. But, the formation of the double bottom pattern prevents us from expecting the return of the downside movement since silver is not below 28.10 anymore. In addition, we cannot expect an upside move due to the strength of the mentioned resistance levels. Therefore, we remain neutral for the rest of the session today.



Recommendation : Based on the charts and explanations above, we remain neutral awaiting more confirmations

[mamun559]

How can i do it?

[yogesh]

Good about silver this time is that it is just following gold and this time again it recovered wintessing good buying below 28 level. so no worry until 27.50 is hold.

[ashaab]

Silver responded to the main resistance of the symmetrical triangle formation, while consolidation below 28.60 and 29.05 drives us to hold onto our morning expectations as they are . But we signal that a breach of 29.05 might complete a bullish technical structure and trigger a strong bullish wave.



Recommendation : Based on the charts and explanations above, our opinion is selling silver around 28.00 and taking profit in stages at 27.45, 27.20 and 26.15 and stop loss below 29.05 might be appropriate

[yogesh]

28 Level is working as good support level and even at those times silver went below 28 in panic there was good value buying witnessed, currently level has become attactive for long term investors and we may stay long with stop loss of 2750 breaking which further panic may be witnessed.

[simpleforex68]

We can see in H1 chart of Silver. The price is above the Ichimoku Kumo Cloud and crossed the EMA 200. This is a confirmation for the uptrend. So, I think the price will continue to be up.

[newentry]

we can see that today silver move with good range, after several days it moved down for 1.40 points and now we can see that it will move up, but i still doubt for it because suddenly it can move with fast too

[ashaab]

The upside move is clear now, while the metal might form the double bottom pattern, supported by 88.6% Fibonacci correction as shown above at 27.45. Consolidation above this level suggests more bullishness today , but stability above 28.60 is required as a start and then a breach of 29.05.



Recommendation : Based on the charts and explanations above, our opinion is buying silver around 28.05 and taking profit in stages at 28.60, 29.30 and 29.90 and stop loss below 27.10 might be appropriate

[MFTRADER]

4 hours time frame is strongly bearish ,but the price has reached to andrews pitchfork mid-line and has reacted to it ,by the way if price will pass this line finally there is a strong support on its way ,which is 26.10-26.20 area.