#Silver's Golden Cross points to bright prospects
Silver fell sharply last week but has recently shown encouraging signs of recovery. The tactical objectives of silver's decline appear to have been achieved, and silver is now in demand, reinforcing confidence that the bulls have defended the long-term uptrend.
Last week, silver lost over 8.5% from Monday's high to Friday's low. This appeared to be the final chord of the sellers, followed by a tidy comeback by the buyers on Friday afternoon. Notably, this uptrend is going against the downtrends in other risk-sensitive markets.
Silver fell sharply last week but has recently shown encouraging signs of recovery. The tactical objectives of silver's decline appear to have been achieved, and silver is now in demand, reinforcing confidence that the bulls have defended the long-term uptrend.
Last week, silver lost over 8.5% from Monday's high to Friday's low. This appeared to be the final chord of the sellers, followed by a tidy comeback by the buyers on Friday afternoon. Notably, this uptrend is going against the downtrends in other risk-sensitive markets.
#WaveAnalysis
#Silver reversed from support level 22.50
Likely to rise to resistance level 24.50
Silver recently reversed up from the pivotal support level 22.50 (which previously reversed the pair twice in June), coinciding with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 22.50 started the active intermediate impulse wave (3).
Silver can be expected to rise further toward the next resistance level 24.50 (which has been reversing the price from June).
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#Silver reversed from support level 22.50
Likely to rise to resistance level 24.50
Silver recently reversed up from the pivotal support level 22.50 (which previously reversed the pair twice in June), coinciding with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 22.50 started the active intermediate impulse wave (3).
Silver can be expected to rise further toward the next resistance level 24.50 (which has been reversing the price from June).
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#WaveAnalysis
#Silver reversed from support level 22.50
Likely to rise to resistance level 23.50
Silver recently reversed up from the strong multi-month support level 22.50 (which has been reversing the price from June) intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 22.50 stopped the previous short-term ABC corrective wave 2.
Given the strength of the support level 22.50, Silver can be expected to rise further toward the next resistance level 23.50.
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#Silver reversed from support level 22.50
Likely to rise to resistance level 23.50
Silver recently reversed up from the strong multi-month support level 22.50 (which has been reversing the price from June) intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from March.
The upward reversal from the support level 22.50 stopped the previous short-term ABC corrective wave 2.
Given the strength of the support level 22.50, Silver can be expected to rise further toward the next resistance level 23.50.
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#WaveAnalysis
#Silver reversed from support level 20.70
Likely to rise to resistance level 23.50
Silver recently reversed up with the weekly Hammer from the key support level 20.70 (which has been reversing the pair from the end of 2022 as can be seen below) intersecting with the 61.8% Fibonacci correction of the weekly uptrend from last year.
The upward reversal from the support level 20.70 stopped the previous intermediate ABC correction (2).
Given the strength of the support level 20.70, Silver can be expected to rise further toward the next resistance level 23.50.
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#Silver reversed from support level 20.70
Likely to rise to resistance level 23.50
Silver recently reversed up with the weekly Hammer from the key support level 20.70 (which has been reversing the pair from the end of 2022 as can be seen below) intersecting with the 61.8% Fibonacci correction of the weekly uptrend from last year.
The upward reversal from the support level 20.70 stopped the previous intermediate ABC correction (2).
Given the strength of the support level 20.70, Silver can be expected to rise further toward the next resistance level 23.50.
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#WaveAnalysis
#Silver rising inside intermediate impulse wave (3)
Likely to test resistance level 25.00
Silver recently broke the key resistance level 23.50 (which has been reversing the price from
September, as can be seen below).
The breakout of the resistance level 23.50 accelerated the active intermediate impulse wave (3), which then broke the weekly down channel from May.
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#Silver rising inside intermediate impulse wave (3)
Likely to test resistance level 25.00
Silver recently broke the key resistance level 23.50 (which has been reversing the price from
September, as can be seen below).
The breakout of the resistance level 23.50 accelerated the active intermediate impulse wave (3), which then broke the weekly down channel from May.
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#WaveAnalysis
#Silver reversed from resistance level 25.80
– Likely to fall to support level 23.50
Silver falling strongly after the price reversed down from the key resistance level 25.80, which reversed the price multiple times in April and May.
The downward reversal from the resistance level 25.80 started the active minor corrective wave iv.
Given the strength of the resistance level 25.80 and the bearish sentiment seen across the precious metal markets today, Silver can be expected to fall further to the next support level 23.50.
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#Silver reversed from resistance level 25.80
– Likely to fall to support level 23.50
Silver falling strongly after the price reversed down from the key resistance level 25.80, which reversed the price multiple times in April and May.
The downward reversal from the resistance level 25.80 started the active minor corrective wave iv.
Given the strength of the resistance level 25.80 and the bearish sentiment seen across the precious metal markets today, Silver can be expected to fall further to the next support level 23.50.
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#WaveAnalysis
#Silver reversed from support level 22.00
Likely to rise to resistance level 23.500
Silver recently reversed up from the key support level 22.00 (which reversed the daily Morning Star in November as can be seen below).
The support level 22.00 was strengthened by the lower daily Bollinger Band and by the support trendline of the daily down channel from December.
Silver can be expected to rise further to the next resistance level 23.500 (top of the previous correction is and ii).
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#Silver reversed from support level 22.00
Likely to rise to resistance level 23.500
Silver recently reversed up from the key support level 22.00 (which reversed the daily Morning Star in November as can be seen below).
The support level 22.00 was strengthened by the lower daily Bollinger Band and by the support trendline of the daily down channel from December.
Silver can be expected to rise further to the next resistance level 23.500 (top of the previous correction is and ii).
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#Silver is losing ground daily for the fourth consecutive session, falling to $24.4. Platinum is trading near $900 - near local lows after a 5% pullback from its 15th March high. Copper has been trending lower since early last week.
Gold is the most liquid metal in the exchange, but its divergence from other metals is setting it up for a false breakout on Tuesday.
This is evidenced by the persistent sideways movement in gold miners over the past three weeks despite gold's impressive rally.
Technically, gold needs to consolidate above $2200 to start a new bullish momentum. In the event of further declines, we should keep an eye on the dynamics around $2150: a failure of this support could trigger a deeper correction with the first target at $2130.
Gold is the most liquid metal in the exchange, but its divergence from other metals is setting it up for a false breakout on Tuesday.
This is evidenced by the persistent sideways movement in gold miners over the past three weeks despite gold's impressive rally.
Technically, gold needs to consolidate above $2200 to start a new bullish momentum. In the event of further declines, we should keep an eye on the dynamics around $2150: a failure of this support could trigger a deeper correction with the first target at $2130.
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#WaveAnalysis
#Silver broke major resistance zone
Likely to rise to resistance level 28.00
Silver under the bullish pressure after the recent breakout of the major resistance zone located between the resistance levels 26.15 and 26.90 (previous yearly highs from 2022 and 2023).
The breakout of the resistance levels 26.15 and 26.90 accelerated the active impulse waves 3 and (3).
Given the clear multiyear uptrend, Silver can be expected to rise further to the next resistance level 28.00 (former strong resistance from 2021).
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#Silver broke major resistance zone
Likely to rise to resistance level 28.00
Silver under the bullish pressure after the recent breakout of the major resistance zone located between the resistance levels 26.15 and 26.90 (previous yearly highs from 2022 and 2023).
The breakout of the resistance levels 26.15 and 26.90 accelerated the active impulse waves 3 and (3).
Given the clear multiyear uptrend, Silver can be expected to rise further to the next resistance level 28.00 (former strong resistance from 2021).
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#Silver: a possible long road down
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per ounce. After a failed attempt to climb above $30 per ounce on 7 April, the downside momentum in Silver has been replaced by sideways consolidation without significant bounces.
Tuesday's decline has an important implication on the tech analysis side. The sharp dip from the $27 level marked an exit beyond the corrective pattern, as the price dipped under 61.8% of the rise since late February.
It will soon become clear whether the former local resistance in the 25.0-25.5 area has become support. If not, we are facing a whole range of negative scenarios.
On the daily timeframes, a reversal pattern "head and shoulders" is formed with the price decline under the "neckline". The realisation of this pattern is setting up for a pullback to $24.4. But this will probably only encourage the bears.
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per ounce. After a failed attempt to climb above $30 per ounce on 7 April, the downside momentum in Silver has been replaced by sideways consolidation without significant bounces.
Tuesday's decline has an important implication on the tech analysis side. The sharp dip from the $27 level marked an exit beyond the corrective pattern, as the price dipped under 61.8% of the rise since late February.
It will soon become clear whether the former local resistance in the 25.0-25.5 area has become support. If not, we are facing a whole range of negative scenarios.
On the daily timeframes, a reversal pattern "head and shoulders" is formed with the price decline under the "neckline". The realisation of this pattern is setting up for a pullback to $24.4. But this will probably only encourage the bears.
Gold and silver have been enjoying a return to demand since early May, and buyers have stepped up in the last couple of days, bringing gold back above $2370 and silver back above $28.5.
#Silver has recovered to the $28.0-28.8 area from where it reversed down in April after a few days of consolidation. This week's upward momentum revives the idea that the decline in the second half of April was a corrective pullback. The area of local lows in early May roughly coincides with the 61.8% pullback from the upside momentum from late February to the upper boundary of the consolidation area we discussed above.
This bullish scenario will be confirmed if the price consolidates above $28.8, which would open the way to the $33 area as a potential first stop. However, we need to remember that Silver has failed to do so for the past 11 years, with three significant episodes in 2020 and 2021 before the April test.
#Silver has recovered to the $28.0-28.8 area from where it reversed down in April after a few days of consolidation. This week's upward momentum revives the idea that the decline in the second half of April was a corrective pullback. The area of local lows in early May roughly coincides with the 61.8% pullback from the upside momentum from late February to the upper boundary of the consolidation area we discussed above.
This bullish scenario will be confirmed if the price consolidates above $28.8, which would open the way to the $33 area as a potential first stop. However, we need to remember that Silver has failed to do so for the past 11 years, with three significant episodes in 2020 and 2021 before the April test.
#WaveAnalysis
#Silver reversed from support level 29.70
Likely to rise to resistance level 32.00
Silver recently reversed up from the key support level 29.70 (former monthly high from April), which stopped the previous intermediate impulse wave (3).
The support level 29.70 was strengthened by the 20-day moving average and by the 38.2% Fibonacci correction of the previous upward impulse wave 1 from the start of May.
Given the clear daily uptrend, Silver can be expected to rise further to the next resistance level 32.00 (which formed the previous daily Evening Star in May).
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#Silver reversed from support level 29.70
Likely to rise to resistance level 32.00
Silver recently reversed up from the key support level 29.70 (former monthly high from April), which stopped the previous intermediate impulse wave (3).
The support level 29.70 was strengthened by the 20-day moving average and by the 38.2% Fibonacci correction of the previous upward impulse wave 1 from the start of May.
Given the clear daily uptrend, Silver can be expected to rise further to the next resistance level 32.00 (which formed the previous daily Evening Star in May).
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#WaveAnalysis
▫️#Silver reversed from support zone;
▫️ Likely to rise to the resistance level 30.00.
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▫️#Silver reversed from support zone;
▫️ Likely to rise to the resistance level 30.00.
📣Trade responsibly with fxpro.com
FxPro News
Forex - Silver Wave Analysis 12 September 2024 | Technical analysis
- Silver reversed from support zone - Likely to rise to the resistance level 30.00 Silver recently reversed up from the support zone set be...
▶️ Silver. On the verge of correction #tradelikeapro #trading #silver #trandingshorts
Today is Thursday, October 16th. We will talk about the silver market. It is quite an interesting market at the moment. #tradelikeapro #trading #silver #trandingshorts
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Today is Thursday, October 16th. We will talk about the silver market. It is quite an interesting market at the moment. #tradelikeapro #trading #silver #trandingshorts
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FxPro News
Forex - Silver. On the verge of correction #tradelikeapro #trading #silver #trandingshorts | Shorts October 16, 2025
Today is Thursday, October 16th. We will talk about the silver market. It is quite an interesting market at the moment. #tradelikeapro #trading #sil...
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▶️ Silver. Current situation. #tradelikeapro #trading #silver #silverprice #tradesilver
Today is October 30th.
Let's take a look at what is happening with silver.
#tradelikeapro #trading #silver #silverprice #tradesilver
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Today is October 30th.
Let's take a look at what is happening with silver.
#tradelikeapro #trading #silver #silverprice #tradesilver
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Silver. What happens?
There is a possibility that the large wave [iii] on the daily chart, which started back in the spring of 2025, has already been completed.
Also, it is now completed with an ending diagonal. This suggests that a major decline may be about to begin.
There is a possibility that the large wave [iii] on the daily chart, which started back in the spring of 2025, has already been completed.
Also, it is now completed with an ending diagonal. This suggests that a major decline may be about to begin.
FxPro News
Silver. What happens? #tradelikeapro #trading #silverprice #silver #tradingshorts #tradingshortvideo - FxPro News, Financial Market…
Silver. What happens?
Today is Thursday, January twenty-ninth, and we will talk about the silver market where a very, very interesting situation is currently developing.
#tradelikeapro #trading #silverprice #silver #tradingshorts #tradingshortvideo
Today is Thursday, January twenty-ninth, and we will talk about the silver market where a very, very interesting situation is currently developing.
#tradelikeapro #trading #silverprice #silver #tradingshorts #tradingshortvideo
▶️ Silver Current situation #tradelikeapro #trading #tradingshorts #silver #silverprice
Today is Monday, February 16th, and we will talk about the silver market where a very interesting situation is developing.
#tradelikeapro #trading #tradingshorts #silver #silverprice #tradingstrategy
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Today is Monday, February 16th, and we will talk about the silver market where a very interesting situation is developing.
#tradelikeapro #trading #tradingshorts #silver #silverprice #tradingstrategy
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YouTube
Silver Current situation #tradelikeapro #trading #tradingshorts #silver #silverprice
Today is Monday, February 16th, and we will talk about the silver m...
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▶️ Silver. Heading up? #tradelikeapro #trading #silver #silverprice #tradingshorts #tradingshortvideo
Today is Thursday, the 12th of March 2026.
Right now, silver is probably one of the hottest markets, maybe second only to oil, which is clearly being driven by news.
#tradelikeapro #trading #silver #silverprice #tradingshorts #tradingshortvideo
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Today is Thursday, the 12th of March 2026.
Right now, silver is probably one of the hottest markets, maybe second only to oil, which is clearly being driven by news.
#tradelikeapro #trading #silver #silverprice #tradingshorts #tradingshortvideo
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YouTube
Silver. Heading up? #tradelikeapro #trading #silver #silverprice #tradingshorts #tradingshortvideo
Today is Thursday, the 12th of March 2026. Right now, silver is probably one of the hottest markets, maybe second only to oil, which is clearly being driven ...