Just a look at where it's been, and where it can go based on where it's been. Entering one of the oldest seasons we have; realization and dependence on basic things like service and what we use the most. Typically, materials like rocks bring value, cause governments and government made cash doesn't. This season will be different than all others. What has held...
Silver is looking like a high probable short opportunity. its already very extended and overbought, but it may want to tag or pierce the orange trendline.
Silver's price action has been curious, as it started to drop suddenly right at the beginning of February. Lost 5% in a day, in fact. Gold took a little bit longer to move, and notably dumped on a much smaller magnitude. I have an open call from mid-January that gold is likely to correct, and it appears to be coming to fruition: Gold GC1 - Discard Greed,...
It seems like the US Dollar Index has peaked (as of now) at 108 which pushed gold and silver down drastically. But we could be on the verge of a massive breakout in silver, back up above $25 an ounce as well as gold back above $1900. You could start a position now incase silver continues upward or wait for DXY to fall below 100, but by then, you may miss a...
Silver may outperform gold for the short term as SLV is screaming for attention. It just had a recent golden cross along with a by-signal measured by Aroon up. So don't miss out on this one at all! I'm also testing the same theory with other highly liquid ETFs as well for tomorrow's trading day.
iShares Silver Trust (SLV) is developing a strong bullish bias based on this long-term, monthly, chart. First, Silver peaked in April 2011 (left side of the chart). This is followed by a strong bear market that hit a low in December 2015. This low is tested again March 2020 thanks to Covid. The whole period from late 2015 to early 2020 can be considered a...
I'm very bullish about silver moving forward. I firmly believe that at least 75% of your long holdings should be in physical silver in your own custody. 25% can be in paper contracts, stocks or derivatives. I still think there are good trades to be made on the short side, at least for the time being, but always use a stop loss.
Just another updated long trade idea now that we have confirmation. I will link the Silver and Gold Video down below so you can see what this idea is based on. Trade Parameters: ENTRY: At Market. STOP: $19,894. TARGET: $46 Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern ...
long term down trend line may be setting up for a break measured move could send silver to $100 or more could take many years to play out
well, we formed the cup and handle. play stands and is ready to go in motion.
This long trade idea is based on the latest video - THE SILVER & GOLD VIDEO linked below in related ideas. Silver has printed some very clear waves over the last few years and is getting ready for a nice move up. I do not believe Silver will make a new all-time-high in this run up, so shorting at the highs is encouraged. Only trade these moves if you understand...
In this video I explain exactly what I believe is going on in the grand scheme of things. Everything you have been told about precious metals is a lie. Believe it or not, the waves are going to do what the waves will do. I believe that looking at precious metals as a safe haven asset is a fool's game. Humans will always come up with different reasons why it's...
Here we are looking at SILVER on the Weekly TF… As you can see, SILVER has been trading within a macro symmetrical triangle structure, which has clear and established support and resistance lines. Silver has been trading within this structure since March of 2020 (COVID—19 Crash). Since then, it has tested descending resistance 5 times on the weekly, and...
All in the video, I believe we're in a prime area to buy both Silver and the silver miners for a longer term hold. Good luck!
Gold has had a very healthy pullback into a critical zone. Last year it had a significant move down, took out all the lows around 1700, and bounced hard. Despite interest rates and the US Dollar being much higher than 1-2 years ago, Gold has held extremely well. After its rally since its November bottom, it finally pulled back and got into crucial support. To...
The dollar is in a secular downtrend and after a brief bounce back which we played on the long side, the DXY is looking toppy and should continue to rollover in the intermediate term. Besides stocks, a beneficiary of a weaker dollar are the precious metals. I like long SLV as a high beta trade and expect SLV to continue to bounce higher in the coming weeks.
Here we are looking at Daily on the Daily TF… We’ll keep this idea brief as it’s pretty simple in its nature. SILVER has seemingly began to bounce from its local support that it formed back in November of 2022. If SILVER can hold this support and continue bounce from here, we can expect further upside to follow… I will continue to update this chart as there are...
XAGXAU - Silver AUD - Bullish flag and pole formation. Likely, to follows Gold's lead higher.