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
Trade Setup

#SILVER
Total Profit: -2727 point
Closed trade(s): 0 point Profit
Open trade(s): -2727 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 23.10(current price) - 26.13(open price) = -303 point
9 trade(s) still open, therefore total profit for open trade(s) is -303 x 9 = -2727 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 27, 2021 - 09:38
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 23.000, resumption of uptrend is expected.
  • We make sure when the resistance at 25.500 breaks.
  • If the support at 23.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 47 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 25.40 on 11/16/2021, so more losses minimum to Major Support (23.00) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 37.

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