SILVER (XAGUSD) 04/02/2024

4. Feb.

Purple Box: Bearish (21.6 - 22.1p/o)
Blue Box: Bullish 1.(25 - 25.6) 2.(28 - 28.7p/o)

Bullish Scenario

Silver's a very under priced metal, I'm thinking because countries are stock piling more gold they should also be doing the same with silver...

Prise is finding or has found support above 22p/o and so a push upwards towards 25 is highly probable...

If we call our last push down a retrace, we hit 60-70%(discount?)

Bearish Scenario

There is a high probability of being bullish, but the markets the market and a fall shouldn't be ruled out...

A break below the purple box with resistance then found and a fall to 18p/o is likely... (bias change)

We could be forming an ascending triangle... So one more rejection of 25p/o and then a full pullback climb to 28p/o or passed.

14. Feb.

Anmerkung

#XAGUSD We either bounce off 22 as support or we fall through with the head and shoulders pattern that has been formed...

18. Feb.

Anmerkung

You just cant go wrong with special metals tbh.

25. Feb.

Anmerkung

Lower time frames are looking good for silver, price needs to break above 23.5 to continue the trend... A failure would mean 22.7 is broken and we look for further drops...

3. März

Anmerkung

Now above 22.7 and looking for a break or test of 25 for Silver...

10. März

Anmerkung

Silver is climbing to 25, lets see how it reacts!!! #XAGUSD

18. März

Anmerkung

On some obvious observation... precious metals be moving just like crypto at the moment and metals be looking bulling AF (store of values)...

20. März

Anmerkung

25p/o hit… 24.8 possible support

1. Apr.

Anmerkung

Bulls: above 24.8 - Bears: below 24.2

22. Apr.

Anmerkung

Silver is so undervalued, this may only be the start... #XAGUSD

30. Apr.

Anmerkung

#XAGUSD: Pullback expected... Bulls - bounce off 25 and a break back above 28/o 🔼 Bears - Break below and resistance found below 25/o 🔽

13. Mai

Anmerkung

#XAGUSD: Pullback expected... Bulls - bounce off 25 and a break back above 28/o... Didn't Stutter...

20. Mai

Anmerkung

The shows not over!

28. Mai

Anmerkung

Pullbacks are healthy... Markets looking for a cheaper price. Gold, Silver, Crypto (store of value) are all rising due to inflation and uncertainty in markets... 31-32/Ounce seems to be the visible support...
#XAGUSD
#XAUUSD
#DXY

14. Juni

Anmerkung

After failing to break 32.2, Silver fell too 28/o...
28/o seems to be holding as support for now...
#XAGUSD

8. Juli

Anmerkung

Silver fell too 28/o...
28/o seems to be holding as support for now...
Another test of 32/O expected...
#XAGUSD

12. Aug.

Anmerkung

Silver rejecting 26/O and climbing back up...
Gold and Silver looking real cheap about now.
#XAGUSD

9. Sept.

Anmerkung

SILVER 28/O seems to be holding as support... 26 underneath again if support should fail... #XAGUSD

16. Sept.

Anmerkung

28/O HELD STRONG... THE SKIES THE LIMIT... #XAGUSD

6. Okt.

Anmerkung

28/O HELD STRONG... THE SKIES THE LIMIT... (I DIDN'T STUTTER) #XAGUSD