Silver

[simpleforex68]

In H1 chart of the pair, the price is on uptrend because it is above the Ichimoku Kumo Cloud. The price is also at the Kumo Cloud. This will be a good support for the price. So, I think Silver will be up.

[ashaab]

The metal is moving lower once again and currently trading below 28.50-60 which will open the way for the downside move affected by the breach of the minor ascending channel shown above. Therefore, we might see more downside actions for the rest of the day, but over weekly basis we do not have confirmations for the trend, and accordingly we remain neutral over short term basis while favoring the bearish bias over intraday basis today.



Recommendation : Based on the charts and explanations above our opinion is selling silver below 28.50 and take profit in stages at 28.10 and 27.10; stop loss above 29.05 might be appropriate today

[simpleforex68]

I would like to analyze in long term view of the pair. Let's have a look the Daily chart below. We can see that there is a downtrend line. So, I think the price will be up to the trend line and then it will continue to be down with the downtrend.

[ashaab]

The metal approached the main target yesterday at 28.50, but silver is fluctuating within a sideway range now, ahead of continuing the intraday upside move based on consolidation above 27.45. The main target is at 29.70, noting that consolidation above 26.65 is necessary.



Recommendation : Based on the charts and explanations above, our opinion is buying silver above 27.45 and taking profit in stages at 28.05 and 28.50 and stop loss above 26.65 might be appropriate

[ashaab]

Silver managed to close above 27.45 after heavy fluctuations and volatility, where this level represents 88.6% correction shown above and we can see a bullish closing above it. RSI is attempting to correct to the upside and that is reflected with the upside move for the metal.



Recommendation : Based on the charts and explanations above our opinion is buying silver above 27.45 and take profit in stages at 28.05 and 28.50; stop loss with daily closing below 26.65 might be appropriate

[simpleforex68]

I would like to analyze in long term view of the pair. In H4 chart of the pair, the price is below the ichimoku kumo cloud and ema 200. But I think it will retrace to the Kumo Cloud and then it will be down.

[Nabi Ahmed Gill]

Main ye thread SILVER ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

silver be boht acha or best pair ha ya be both sara profit data ha es laya agr ap ka accoutn main boht sara balance ha to ap be es pair ko used kar sakt ahoo or boht sara prfoit earned kar sakta hoon.

[ashaab]

From areas around 28.50, silver slumped heavily and currently around 88.6% correction shown above at 27.45. RSI is within oversold areas and the metal is now trading at the lower Bollinger band. Accordingly, we do not rule out heavy fluctuations for silver and a possible upside correction, yet stability below 27.45 will negate any upside attempts and the metal will resume the decline. Therefore, we remain neutral for now on silver as we maintain our general bearish bias and wait for confirmations for the next move.



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

[nurdiantofxwave]

Mrenstein signal indicator now:
tf m15: 10.64
tf m30: 26.19
tf h1: 26.60
tf h4: 13.10
tf d1: 3.27

After rising from its lowest point yesterday in asia session price XAG / USD falls down to the level of 27.58. Of the trend that has been formed, the price is hard to get up. trends exhibited by 480 ma look down that confirm the formation of long-term trends can be in the next few days. The launch could trigger more price drops to weekly support level 2 (27.32).

[simpleforex68]

I would like to analyze in long term view of the pair. In H4 chart of the pair. The price is in downtrend because it is below the Ichimoku Kumo Cloud and EMA 200. Therefore, i think the price will increase slightly to the kumo cloud and then it will decrease strongly.