XAGUSD(Silver) Technicals

Silver is being hyped up in the media lately after the big increase in price. Newsletters are out pumping up their Silver stocks and things like this. Here is my long-term outlook on Silver. I already know Silver is undervalued and I personally love Silver, but I'm just not seeing a good outlook for Silver in the chart.

There is a monthly trend line which has been acting as support for many years. It was broke a little while ago and price fell. Since then, price has retraced back up to this line. So now there is a very strong chance Silver will fall.

Price is currently $16.35 and I am expecting price to fall down to $14 minimum. It will probably even fall down to $10 long-term.

In my personal opinion, the reason for this is probably that people will start investing their money in other assets such as Cryptocurrencies. Also, it could be that the Dollar will become even stronger. So it will take less USD to buy the same Silver. Or it could be a combination of these.

For silver pair, the price still looks up and the trend up on the H4 timeframe as a direction, and indeed we should only focus on buying only in conditions like this, the price range we can take is at 18.270 - 18.930 and wait for a fractal to form at the M15 timeframe and M30

For silver pair, the price still looks up and the trend up on the H4 timeframe as a direction, and indeed we should only focus on buying only in conditions like this, the price range we can take is at 19.127 - 19.1372 and wait for a fractal to form at the M15 timeframe and M30

For silver pair, the price still looks up and the trend up on the H4 timeframe as a direction, and indeed we should only focus on buying only in conditions like this, the price range we can take is at 19.200 - 19.305 and wait for a fractal to form at the M15 timeframe and M30

For silver pair, the price still looks up and the trend up on the H4 timeframe as a direction, and indeed we should only focus on buying only in conditions like this, the price range we can take is at 19.232 - 19.497 and wait for a fractal to form at the M15 timeframe and M30

Silver is currently still dominant trend up, which means we will focus on going up for some time because indeed from a technical perspective there are no signs of a downtrend we will aim at a buy in the demand area of 21.052 prices with a target at 21.300 prices use stop losses always

Silver is currently still dominant trend up, which means we will focus on going up for some time because indeed from a technical perspective there are no signs of a downtrend we will aim at a buy in the demand area of 22.140 prices with a target at 23.140 prices use stop losses always