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Weekly forecast Silver technical chart
Symbol XAGUSD
Trade Setup

#SILVER
Total Profit: -2574 point
Closed trade(s): 0 point Profit
Open trade(s): -2574 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 26.13 based on 'Valley' entry method at 2021.07.26.

Open Profit:
Profit for one trade is 23.27(current price) - 26.13(open price) = -286 point
9 trade(s) still open, therefore total profit for open trade(s) is -286 x 9 = -2574 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.

DateOctober 16, 2021 - 07:15
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 21.41, resumption of uptrend is expected.
  • We make sure when the resistance at 25.50 breaks.
  • If the support at 21.41 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 21.41 on 09/29/2021, so more gains to resistance(s) 23.43, 23.75, 24.50 and maximum to Major Resistance (25.50) 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 55.

Take Profits:

  1. 27.00
  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, 27 Nov 2021
Silver (XAGUSD) Sat, 20 Nov 2021
Silver (XAGUSD) Sat, 13 Nov 2021
Silver (XAGUSD) Sun, 7 Nov 2021
Silver (XAGUSD) Fri, 29 Oct 2021