On the weekly chart you can see there is a long term down channel in SIL. But the on the recent low at 16 was
above the precious low. And there was a bullish divergence in the weekly RSI. On the daily we have sort of a cup and saucer look. I would not be surprised to see a break up from here above the downtrend channel. If so a possible initial target is given....
Not financial or trading advice!
Entry: $30
Stop: $21.50
Target $55
Risk/Reward: 1/3
I am long term bullish silver via the SIL. Given recent CB policy and other fundamentals I believe that precious metals have further to go higher. Gold has run recently althought pulled back. GDX appears possitioned to break out of a multi-year base. Silver seems to be a...
As you all know, the Gold/Silver ratio OANDA:XAUXAG is high enough to trigger a Silver mania once again when the recession hits.
The entry point is $30.5 or now, expecting a target of 50-60$ by the end of the year.
Doubling your money in less than a year is great enough, and please note that such ETFs perform better than OANDA:XAGUSD prices for a simple...
Some traders went short on this H&S break and will be forced to cover when the price goes higher. The trend on the daily is UP with trend line support and silver is setting up for a short squeeze because traders went short on the monthly break of a triangle and a W pattern formed and price action is going up with large up bars.
One for the #silver bugs. The $SIL / $SLV ratio looking to post back-to-back weekly closes above horizontal resistance.
Silver miners outperforming silver: #notbearish
