Weekly silver Analysis 26 February, 1 March 2024

Silver  Price Analysis 26 February, 1 March 2024

Silver  Price Analysis 26 February, 1 March 2024

In the weekly analysis of silver against the US dollar for the upcoming week from February 26th to March 1st, 2024, I expect the price of silver to decline to the level of $22.61 per ounce. 

The index of the article:

1. Weekly silver Analysis 26 February, 1 March 2024 1H Time frame
2. Weekly silver Analysis 26 February, 1 March 2024 4H Time frame
3. Weekly silver Analysis 26 February, 1 March 2024 15Min Time frame
4. Entry Silver Trade Area

1.Weekly silver Analysis 26 February, 1 March 2024 4H Time frame

In the four-hour timeframe, silver prices have witnessed a notable rise, but currently, we are experiencing a corrective downward wave in silver prices against the US dollar.

Weekly silver Analysis 26 February, 1 March 2024 4H Time frame

2.Weekly silver Analysis 26 February, 1 March 2024 1H Time frame

 In the hourly timeframe, we have a set of indicators supporting a decline in silver prices at the beginning of the upcoming week to the $22.60 area, as illustrated in the chart below. 

Weekly silver Analysis 26 February, 1 March 2024 1H Time frame

3.Weekly silver Analysis 26 February, 1 March 2024 15Min Time frame

We currently have an excellent selling opportunity in silver in the fifteen-minute timeframe, but we will wait until the prices break the last low in the fifteen-minute timeframe, as shown in the chart below, and then we will sell silver to the $22.60 area with a risk ratio of one to four.

Weekly silver Analysis 26 February, 1 March 2024 15Min Time frame

4.Entry Silver Trade Area

Sell limit : 22.96

Stop loss: 23.01

Take Profit : 22.70

More forecast : Weekly Gold Analysis 26 February, 1 March 2024

Warning: The website does not provide financial signals. Caution should be exercised when trading in financial markets as they are highly risky.