It seems a bullflag is developing that should take silver upwards into a resistance point that might be hard to push through. Bullish for the moment, until the red line and thereafter a new analysis has to be made of the movement.
cup and saucer formation present, also presenting itself in crypto currencies like NANO which has followed through and broken higher in last couple days, after good bullish run, sup and saucer formation confirming price consolidation, extension to previous highs near 48.00.. long and loving the position, easy stops and good target
Silver after having the redit false short break out has consolidated and not completed regetted the test, means that their are buyers in the market... at least has to test the highs again before it rejects the high or breaks higher, risk reward high here stop at 26.8, play for previous highs 29.00ish area. cut half long, bring stop up one near highs
In accord with how the pattern is looking my outlook for the day is that silver will start out positive, test some intra-day resistances. Late day outlook, after US markets wake up the trend is harder to predict. We could either see a short term downturn resuming into a positive end of day or a breakout upwards after Europe's taken tried and possible broken some...
Long term indicators are turning positive whilst the FIAT money printing is increasing world wide to counter-effect Covid-19. As a counterbalance precious metals and diamonds act as value preservatives. With this reasoning my speculation is that we are getting closer to a clear turningpoint within this field. Due to this I'm long silver both as investment and...
Spanish mountain has very little debt and is highly leveraged to the price of silver.
Very little downside here, tons of mid & long-term upside potential. Intrinsically undervalued company & assets. They're sitting on a literal mountain of silver trading well below their 2016 peak.
Conservatively I see SPA / SPAZF increasing 150% in 2020. All this requires is...
