Traders Silver is under performing when it comes to precious metals.
the previous fall completed a retest of previous big wave 4 so the current count up im considering impulsive that means more room for upside momentum.
first target is 25.50 however if broken we can see easily higher numbers.
the trendline is not what it takes to enter a trade but i like it in...
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Firstly, i will take the credit of being the early retailer that get into SLV last year in april when prices were hovering around $14,...
Gold and Silver were diving for the past sessions however if we look into the scenario on a bigger timeframe, we can see that
Silver is trading near critical level at which prices might be looking for a buy setups or news to start a new impulsive wave.
please take into consideration that the above analysis is based on Elliottwaves strategy, with an invalidation...
Silver is currently at $24.75, it is an incredible price to go in and buy for the medium-long term.
Its current fall is due to the appreciation of the dollar, which this week has appreciated considerably, causing both gold and silver to fall. This doesn't mean that we should be alarmed and think that this will continue, the EURUSD is currently in decline, however...
Pinging the .38 on the 3h.
I do believe that given the state of the S&P and the American political climate, we will continue forward as money flows out of equities and into safe havens.
The horizontal lines are where we tested the 180 period MA and we look to have rejected it, for now.
Caution : Silver is notoriously manipulated by investment firms / banks /...
Silver has been in correlation with the famous metal Gold in anticipation for inflation due to the covid pandemic. It continues to be a form of hedge together with BTC and other precious metals. As DXY continues to devaluate due to easing/ money printing of trillions of dollars to save the economy, it will continue to further itself from its intrinsic value. This...
The dollar keeps going down in value because of inflation.
Silver has real value because it is backed by the amount of it available on earth.
Currencies are FAKE MONEY because they are backed by nothing other than the banks and the government behind them, that have full control over it. They keep printing more and more of it, so the value keeps going down...
Silver Trading around 16 as we can see on daily chart and on weekly chart also 15.7-15.8 zone seems strong support for silver where next support seems around 15.3 level
Advice buy silver in range of 16.02-15.4 SL below 15.2 TP 17
Its just corrective move.
Awaiting next impulse move to the upside. Bearish momentum of the corrective structure seems to be dying, so the start of the next impulse is just around the corner. However there is possibility of another wave down to complete a triple three pattern. Nonetheless the plan is to buy any pullback.
