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The Silver

Move of the week.

From weekly PP to weekly S1
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Quoting Mandariin
Move of the week. From weekly PP to weekly S1 {image}
Support is somewhat lower on my charts, 27$ - 26.7$. However, this Support will not hold in my opinion and we're heading to at least 25$ on the Silver. We have to keep in mind that the Gold is potentially going for 2350$. Some calculations suggest the Silver may not even hold at 25$, but we're going even lower to some 23$ - 22.5$. We'll take it slowly from here...
Quoting Silver-King
{quote} Support is somewhat lower on my charts, 27$ - 26.7$. However, this Support will not hold in my opinion and we're heading to at least 25$ on the Silver. We have to keep in mind that the Gold is potentially going for 2350$. Some calculations suggest the Silver may not even hold at 25$, but we're going even lower to some 23$ - 22.5$. We'll take it slowly from here...
WPP-WS1 is 1st move of the week.
Second move of the week WS1-last week close - WS2 we will see on Friday.


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I'll just mention that the Silver might actually reach 28.50$ before it collapses. This is an option to keep in mind. September will be a bloody month for everything and not just PMs. There will be no mercy this month in my honest opinion. If we choose the wrong trend, it'll be bad.
Quoting Silver-King
I'll provide the full analysis on Monday. As things stand now, I'm waiting for the H4 to complete it's retracement and then I'm going Short. Thanks for showing up folks!
hi ho silver.

Are you going to put up a chart or 2 ?
its all just one persons opinion....
Quoting axecap
{quote} hi ho silver. Are you going to put up a chart or 2 ?
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Quoting Silver-King
{quote} {image}
nice I concur. 2 possible patterns forming to end around 24.50 where there is also resistance. need the trendline to break first
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D1
its all just one persons opinion....
Added more Shorts at 28.36$.
Quoting Silver-King
I'll just mention that the Silver might actually reach 28.50$ before it collapses. This is an option to keep in mind. September will be a bloody month for everything and not just PMs. There will be no mercy this month in my honest opinion. If we choose the wrong trend, it'll be bad.
And indeed it did. In my opinion and in view of the recent price action and the reaction at 28.50$, this should be. I think we're ready to dive.
If someone is pessimitic about Shorts, we should have the lowest Short at 28.20$, so one has all the time in the world to get out now at BE or in some slight profit.
See you tomorrow on the CPI folks!
28.30$ is now Resistance on the M15 (the price that was just hit now). Price reacted to it. Also at Resistance on the Gold at 2507$. I added a couple of Shorts now at 28.27$, but could be removing them soon if M15 Resistance fails. Funnily enough, this is also a Resistance now at 28.30$ for the M30 and H1 as well. All round this price.
Silver will only go up from here. It will break its all-time highs soon never to return to these levels.
Never Ever Give Up!
Glory Days All Time Return: 150.7%
Quoting Cobra
Silver will only go up from here. It will break its all-time highs soon never to return to these levels.
Could be... we'll see what tomorrow brings. I'll liquidate all Shorts if CPI doesn't deliver.
I had high stakes on silver, had to close at loss before this drop :'(
Quoting User123
I had high stakes on silver, had to close at loss before this drop :'(
I'm still holding Shorts on the Silver. I almost closed all when they pushed the price up today, but didn't. I still believe we are going down and will hold until CPI. Shorts on the Gold I dumped.
I like Silver although i barely trade it.
My View
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Quoting Silver-King
{quote} I'm still holding Shorts on the Silver. I almost closed all when they pushed the price up today, but didn't. I still believe we are going down and will hold until CPI. Shorts on the Gold I dumped.
It seems Shorting was wrong. If we get a wick down on the CPI I'll dump Shorts. Time to Buy it seems.
Quoting Silver-King
{quote} It seems Shorting was wrong. If we get a wick down on the CPI I'll dump Shorts. Time to Buy it seems.
Yes weekly pivot held yesterday and we had PP-R1 move instead of going down.
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Hi! New here. Trying to see if price will bounce from 30.9 in H4
Build habits through consistency
Quoting Mavis808
Hi! New here. Trying to see if price will bounce from 30.9 in H4
Wasn't able to enter but analysis was right
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Build habits through consistency
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