This is worth a try here - LONG; Overall environment is a mixed bag, with a strong deflationary bias at the moment. Rates (and the $) is sitting smack in the middle of all possible ranges thus, anything can happen here - and most likely will. If this doesn't turn here (quickly!) then it's no good. (Gotta watch it closely, with narrow stops.)
XAGUSD on the 2H chart over the past month has ascended into a head and shoulders pattern and then descended into a pivot on June 22nd. As it is now ascending, silver is a long trade candidate. I see the stop loss as pivot low on 5/25 . Based on the volume profile and its POC line, as well as the H & S pattern, the first target is the POC line at $ 23.3, the...
This chart is a super zoomed-out view of Silver priced in U.S. Dollars going back about 10 years on a Monthly time frame. While I think a very good trade idea could be coming a little later this year (2022), I think the thesis is best illustrated on the longer time frame. As you can see in the chart, Silver spent about a year and a half consolidating in a range...
We have seen a clear change of character on the price of this metal and we are looking to see the demand zone of 24.700 area hold while price skyrockets up to 27.00 price area
abc XOP into FIB Confluence area is great buying area with good risk:reward ratio.
It seems all precious metals are in good support zone and best time for partial investments from this levels. Best support seems near 24 and resistance is on 25.25 and once cross that level only buying pressure may continue.
There's a very clear bull pennant near completion for XAG. The flagpole started at 12.134 (lower wick) and goes up to 29.592 (upper wick). More conservatively, the pole would be slightly shorter, but this range is what I view as the maximum potential move after the completion of the pattern, a somewhat drastic movement of 17.458. According to the range of the...
Commodities are rapidly increasing in prices while the US govt continues to pump trillions of fiscal dollars into Biden's infrastructure plan & federal unemployment benefits. Also with feds fund rates kept at 0% and recent reported inflation at 5%, negative real rates should continue to provide strong support for monetary metals like gold/silver. Additionally with...
When we have a look at the chart we can see that Silver has been struggling to go below the 23.7 level for a while now. So this is the reason why I would consider to go long on it for now. The thing that we need to keep in mind is that there are a lot of people going long on Silver at the moment so we need to make sure that out SL is low enough so that we don't...
Dear viewers, followers, silver lovers, reddit traders, all in one (we are together) Thank you for taking your time to read the information, that i am sharing with you all for free and backed by available research on internet. 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,...
We are currently at a year 2008 Projection before massive surge in 2010-2012.
Silver (AUD)- Daily chart. Likely respect 50% retracement.
Greetings! Precious metals and therefor AGQ look attractive on several time frames for both traders and investors Here is a quick run down of why I am in AGQ as of today (p.s. this isn't financial advise, it is why I do what I do): Price action just retested previous horizontal resistance as support at 39.5 popped below the daily bollinger band and is...
Hello and welcome everybody! Today I want to share this Legendary silver trade that I spotted ( and for sure many other silver/gold bugs did too) I'm already in this trade actually. I bought silver at the 2020 Q1 March bottom lol. That is the lower white line at 14 usd. So practically Ze Bottom. Bought it physical though in case fiat...
Weekly trading Range.... Last Close : 17.750 Bounce back zone : 17.404 and 17.267 Expected trading range : 17.997 to 17.404 Breakout above : 18.0460 bulls in control Bullish view negates below 17.000
Silver price long term Price zones Silver has lost over 60% of its value since 2011 and appears to be priced below the cost of extraction, slowing economy resulting in copper and zinc mines closing is a bullish sign for silver but before price catches economic reality silver is going down first. Silver is costly to dig out of the ground. While many of us...
Supporting the SILVER EXPLOSION idea... here is the rising wedge on the Gold / Silver ratio chart. Below is an example of a rising wedge from the BCH/USD chart that recently played out to give you an idea of how these can move. Looking at the SILVER EXPLOSION chart, and using this as supporting evidence, only adds to the probability of much gains.