{"id":32817,"date":"2025-02-03T23:44:27","date_gmt":"2025-02-04T02:44:27","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2025\/02\/03\/silver-price-forecast-bullish-hammer-signals-strength-targets-higher-resistance-levels\/"},"modified":"2025-02-03T23:44:27","modified_gmt":"2025-02-04T02:44:27","slug":"silver-price-forecast-bullish-hammer-signals-strength-targets-higher-resistance-levels","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2025\/02\/03\/silver-price-forecast-bullish-hammer-signals-strength-targets-higher-resistance-levels\/","title":{"rendered":"Silver Price Forecast: Bullish Hammer Signals Strength, Targets Higher Resistance Levels"},"content":{"rendered":"

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Bull Hammer Shows Failed Selloff<\/h2>\n

If the day does end with a bullish hammer, a breakout above today\u2019s high of 31.68 will be a sign of strength and it should be followed by an advance above last week\u2019s high of 31.74. The high met resistance around the 50% retracement level at 31.81 and an uptrend line that previously indicated support for the rising trend. Therefore, a bullish breakout above last week\u2019s high should quickly exceed the 50% level. And the trendline could continue to mark potential resistance since it is at an angle.<\/p>\n

Next Higher Target is 32.53<\/h2>\n

Nonetheless, above the 50% retracement is the 61.8% Fibonacci retracement target at 32.53. That target can be watched along with a prior interim swing high at 32.33. Further up from there is the 78.6% retracement at 33.56, also a target. Notice that it coincides with the area around a top rising channel line. There were two failed attempts last year to break out above the line. The first was in May and the second was in October.<\/p>\n

Long-term Weekly and Monthly Breakouts<\/h2>\n

Keep in mind that a breakout above 31.74 triggers a weekly breakout and therefore a bull trend continuation signal on a larger time frame than the daily chart. Moreover, it will also trigger a monthly breakout as the month of January has just completed. The trading range for January was inside the range from November, therefore, January completed an inside month.<\/p>\n

There are two other indications on the weekly chart of interest. First, the recent swing low in late-December successfully tested support around the 50-Week MA. Further, silver reclaimed the 20-Week MA last week after it had been dynamic resistance for around six weeks.<\/p>\n

For a look at all of today\u2019s economic events, check out our\u00a0economic calendar<\/a>. <\/b><\/p>\n<\/div>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[ad_1] Bull Hammer Shows Failed Selloff If the day does end with a bullish hammer, a breakout above today\u2019s high of 31.68 will be a sign of strength and it should be followed by an advance above last week\u2019s high of 31.74. The high met resistance around the 50% retracement level at 31.81 and an uptrend line that previously indicated support for the rising trend. Therefore, a bullish breakout above last week\u2019s high should quickly exceed the 50% level. And the trendline could continue to mark potential resistance since it is at an angle. Next Higher Target is 32.53 Nonetheless, above the 50% retracement is the 61.8% Fibonacci retracement target at 32.53. That target can be watched along with a prior interim swing high at 32.33. Further up from there is the 78.6% retracement at 33.56, also a target. Notice that it coincides with the area around a top rising channel line. There were two failed attempts last year to break out above the line. The first was in May and the second was in October. Long-term Weekly and Monthly Breakouts Keep in mind that a breakout above 31.74 triggers a weekly breakout and therefore a bull trend continuation signal on a larger time frame than the daily chart. Moreover, it will also trigger a monthly breakout as the month of January has just completed. The trading range for January was inside the range from November, therefore, January completed an inside month. There are two other indications on the weekly chart of interest. First, the recent swing low in late-December successfully tested support around the 50-Week MA. Further, silver reclaimed the 20-Week MA last week after it had been dynamic resistance for around six weeks. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2] Source link<\/p>\n","protected":false},"author":1,"featured_media":32818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-32817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/32817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=32817"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/32817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/32818"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=32817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=32817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=32817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}