We still hold our long Silver view as the precious metal continues to rise on the back of FED rate cuts and the continued uncertainty and impact on the economy of the coronavirus. We would now want to see Silver consolidate above key resistance at around 17.3 before challenging last year's highs above $19.
The breakdown of the ratio is indicative of a bull run in PM. I would expect the ratio to hit 100 in the coming weeks/months and expect a breakdown of the ratio in the coming years as the bull run really gets going.
Silver - Intraday - We look to Sell at 15.30 (stop at 15.45)
Posted a Bearish Inverted Hammer Bottom on the Daily chart. Trading inside the Daily Ichimoku Cloud. Expect trading to remain mixed and volatile. 2 consecutive positive sessions have been posted. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. We look...
Following up my outlook on silver, this furthers my bullish silver bias. The last monthly close has wicked massively from the topside. Either this is a channel that has broke above and bull trapped or (depending on where you draw your trend lines) it could be a broadening wedge. Either way I would see this as bearish for the gold to silver ratio.
At the very...
May be a little preemptive looking at the monthly candle like this before close (in a few days). Looks promising. Can't get any physical silver cheaper than around £20/ troy ounce at the moment either; showing massive divergence between physical and spot prices!
Silver has dropped dramatically over the past month from nearly $19 not below $12 and we long view which we had to abandon our long view when it fell below support at $15.5. We feel it's still too risky to take a directional view on Silver at present because despite it's status as a safe haven it's price is also impacted by industrial demand. Therefore the level...
To be taken with a pinch of salt. The theory is relatively simple. When the VIX and Gold Silver ratios get so far out of the normal range, they tend to reverse but slowly over time. This usually leads to a bull run in the GDX and Silver prices if played out similiar to 2008. I would anticipate the Gold and Silver miners and Silver to be a buy in the coming months,...
Silver may not be part of our currency, but it is still money. In fact, silver, along with gold, is the ultimate form of money, because it can’t be created out of thin air (and thus depreciated) like paper or digital forms. And by real money, we do mean physical silver—not ETFs or certificates or futures contracts. Those are paper investments, which don’t carry...
Some interesting historical data on the price of Silver back from 2002- 2003 similar to what we 've seen happening for the last couple of weeks.
Blue line 50 MA
Yellow line 100 MA
Red line 200 MA
time frame weekly
Green circle 50 MA 100 MA golden cross on the weekly ,
Yellow circle 50 MA 200 MA golden cross on the weekly ,
Similarities with today's price...
Hidden Bullish Divergence on Silver,
There was a big sell yesterday on Silver but price created a higher low showing strength
As we an see on MACD number of sellers increased but price rested just above the 18 dollar mark .
Loadsah people are occupied with Gold and Bitcoin etc. That's fine - cuz people go where crowds go. I'm not 'people'. I go where there is a better chance of gain for lesser risk.
I explain why I see Silver as the big one on the horizon.
Disclaimers : As usual no guarantees. If you cannot stand losing money don't do trading. If you lose your money sue yourself.