Vladimir Ribakov analyzes silver's technical setup across multiple timeframes, identifying bullish divergences on the weekly and daily charts. He predicts silver will reach $27.28 in the near term, with potential to test all-time highs if it breaks above the weekly high.
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Hello traders, how are you? Vladimir here from Traders Academy Club, and in this video I would like to share with you my analysis, technical analysis, and my price prediction on silver, and to share with you basically all the reasons, all the facts why from my point of view silver is an amazing opportunity for a long term. Okay, so let's take a look on the chart. But one thing before we do, if you are new to our channel, then first of all, welcome to our fantastic community, and I would like to invite you to subscribe to this channel. Please follow the subscribe button below the video and remember to enable the notification So you know when I upload a new content for you. Also, if you find it useful and helpful, please hit this like button. It helps a lot to YouTube algorithm, and thank you very much in advance for your help. And of course, I invite you to join our family, our trading family, the Traders Academy Club. You can find the links below the video in the description or in the pinned comment inside the comment section. So now let's talk about the silver. Why do I see that so bullish? I'm not going to dig in the fundamental reasons, even though there are many of them, of course. And I do believe that the demand is not going anywhere. Vice versa, I believe the demand would find a way to be even higher to silver in the coming years with all the technology changes, etc., etc. Again, not going to waste your time in it. So here is my technical view. If we take a look on the all-time high we've had here and the lows before, but at the moment, as we can see, the price is somewhere around the middle zone, the center, which is, um, let's say, the most convenient zone for trading. But Nothing stands around the middle price for too long, and I believe that it's only question of time before one of the directions takes its control, and I believe it's going to be the bullish direction. So why? After the strong momentum to the downside we've had since 2011 all the way down to 2020, here is the flip from lower lows on the chart. We completed The bullish divergence on the moving average, and then higher highs to complete a bullish convergence. You can also find it here, found by my indicators false break and convergence indicator. Afterwards, we had a massive rally correction, and we are now building here a potential bullish hidden divergence, which hints potential further continuation upside. Dropping down to the weekly chart. We've had on this very first leg up, we've had the way I see that 3 waves up, 3 higher highs, higher lows in play. And we did see the ABCD correction. The interesting part here is that at the end of the correction, we got here the slowdown divergence. And this low, look what happens here. Okay, this low being cleaned, all the stop losses of early buyers are clean and in the pocket. So a bullish hidden divergence on the weekly, a bullish divergence on the weekly, uh, on the bullish hidden on the monthly, and a bullish divergence on the histogram here on the weekly look very promising. And when I take a look on the daily chart, here is where we stand. A bullish divergence on the moving average as well, and RSI making higher highs already. So if we manage to see the price breaking this weekly high It would be a fantastic sign that buy the dips is the smart idea. And the way it looks right now on the 4-hour chart, that's not too far. This is our area. If we manage to spike through this high, even though I believe this high should lead for a short-term correction, the way I see that, we should be looking for these dips to come whenever they come and for whatever the reason they come. We should, from my point of view, treat them as the next buy opportunities to take the price further for the long run. My price prediction. So this is my technical analysis behind it. As for my price prediction, I do anticipate the level of $27.28 to be reached later or sooner, which is here around the previous resistance and the highs. And for the long run, So you are not to assume that I belong to the category of those who believe that silver is going later or sooner, and very likely it would be later, even though everything could explode and fly to all-time highs. But I belong to those who believe silver is going to all-time highs later or sooner. Let me know, what do you think about the silver? How do you see this opportunity? What would be your price prediction? And please leave your view in the comment section below. Of course, if you have any questions, don't hesitate to ask in the comments below the video and I'll do my best to answer as soon as I can. And once again, I would like to invite you to join us in our trading family, the Traders Academy Club, and to enjoy from all our real-time trading ideas that we deliver on daily and weekly basis. To do so, just follow the links below this video in the description or in the pinned comment. That's it for this video. Thank you very much for watching. I'll see you soon with more trading ideas and more interesting educational content. Thanks for your time. Stay safe, be well. Bye for now.
