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Weekly forecast Silver technical chart
Symbol XAGUSD
Trade Setup

#SILVER
Total Profit: -1782 point
Closed trade(s): 0 point Profit
Open trade(s): -1782 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 24.15(current price) - 26.13(open price) = -198 point
9 trade(s) still open, therefore total profit for open trade(s) is -198 x 9 = -1782 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.

DateNovember 7, 2021 - 17:00
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 23.020, resumption of uptrend is expected.
  • We make sure when the resistance at 24.820 breaks.
  • If the support at 23.020 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 57 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 23.01 on 11/03/2021, so more gains to resistance(s) 24.50 and maximum to Major Resistance (24.82) 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 58.

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, 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