Silver

[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.

[yogesh]

thanks but can you explain more thah the silver price will going down and prefered to make selling in point 28.50 or when arrived 28.50 sorry i'm beginner in forex please help me

He simply mean that if you see silver trading below 28.50 you shoululd sell it, as ashaab has given the target of 27.35 so you can profit around 114 pips, stop loss is mentioned ar 29.60 above this level you should close this sell trade.

[LOVE_20]

Silver provided a daily closing below 78.6% as shown above at 28.50, which supports our expectations that the downside movement might extend today . RSI is within oversold areas, but without providing any bullish divergence sign, while the negativity of MACD is deepening. The metal might test the level of 27.35 which represents 88.6% Fibonacci correction, while a breach of the mentioned level might extend the negativity in attempts to retest the previous bottom around the support of 26.05.





Recommendation : Based on the charts and explanations above, our opinion is selling silver below 28.50 and taking profit in stages at 27.35 and 27.35 and stop loss above 29.60 might be appropriate

thanks but can you explain more thah the silver price will going down and prefered to make selling in point 28.50 or when arrived 28.50 sorry i'm beginner in forex please help me

[ashaab]

Silver provided a daily closing below 78.6% as shown above at 28.50, which supports our expectations that the downside movement might extend today . RSI is within oversold areas, but without providing any bullish divergence sign, while the negativity of MACD is deepening. The metal might test the level of 27.35 which represents 88.6% Fibonacci correction, while a breach of the mentioned level might extend the negativity in attempts to retest the previous bottom around the support of 26.05.



Recommendation : Based on the charts and explanations above, our opinion is selling silver below 28.50 and taking profit in stages at 27.35 and 27.35 and stop loss above 29.60 might be appropriate

[LOVE_20]

the price has made a long time decrease. Now, in h4 chart the price is below the ichimoku kumo cloud and ema 200. But there is a divergence on macd indicator. So, i think the price will increase slightly to the kumo cloud, and then it will decrease strongly.

can you advice us and told us in you'r opinion how much will arrive the parice of silver

[MFTRADER]

silver has continued it's downward trend during this week ,the spot is getting close to the low of 2011 at 26.00 .also moving throw the andrew's pitchfork in the daily time frame ,and pitchfork's middle line can act as a support for this metal ,is very likely for silver to touch both mid line and congestion area together ,and shows pull back from there