website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Silver technical chart
Symbol XAGUSD

Download MT4 template file

Trade Setup

#SILVER
Total Profit: -1332 point
Closed trade(s): 0 point Profit
Open trade(s): -1332 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 25.49 based on 'Valley' entry method at 2021.07.29.

Open Profit:
Profit for one trade is 24.01(current price) - 25.49(open price) = -148 point
9 trade(s) still open, therefore total profit for open trade(s) is -148 x 9 = -1332 point

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateAugust 28, 2021 - 16:01
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 22.150, resumption of uptrend is expected.
  • We make sure when the resistance at 28.750 breaks.
  • If the support at 22.150 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 22.87 on 08/20/2021, so more gains to resistance(s) 24.50, 25.75, 26.60 and maximum to Major Resistance (28.75) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 26.60
  2. 28.30
  3. 29.85
  4. 33.45
  5. 37.50
  6. 44.20
  7. 49.80
  8. 60.00
Click on the level to view price action history.

Symbol Released Current Forecast
Silver (XAGUSD) Sat, 23 Mar 2024
Silver (XAGUSD) free Sat, 16 Mar 2024
Silver (XAGUSD) free Sat, 9 Mar 2024
Silver (XAGUSD) Tue, 5 Mar 2024
Silver (XAGUSD) free Sat, 2 Mar 2024