Down before up road map for silver junior miners...(used possible worst case scenario). Prepare your mental. $silj #silver $slv #gold $gld $gdx
All the staple qualities of a breakout, when you reduce noise on the highly reliable quarterly chart. 47.50$ target somewhere in 2021.
If banks don't dunk on Silver Spot, we could be seeing a big move coming for the Silver Juniors in the coming weeks. Look for SILJ to post a higher low on RSI and stay above that channel. Strong volume on a green candle will go along way towards confirming.
A day does not make a month. The monthly signal is a daily digest of price action before confirming it's important close. Until overturned, #Silver Junior Miners have a monthly confirmed breakout on December 2020 monthly close. #sitfolio #gold #fintwit
Silver Junior Miners Monthly Linear Chart showing inflation surprise right around the corner! HOLD ON TIGHT.
I feel like I am a little late to this party but there is a strong technical break out on this chart, cup and handle + RSI and MACD has room for more growth. I can see this easily get to $24-25 and if we break out of that then could easily end at $34-35.
Monthly confirmed breakout. Target 100% move in 3 months or 32.50$, now 16.30
already above volume defined peak a solid weekly close above 15.98 seals the deal! above inclining 10 & 30 week moving averages Mansfield Relative Strength vs SPX above zero and an inclining 30 week moving average
Now above 50 day and 200 day moving averages, just below breakout lines (line close + volume defined) on daily chart. Measured move to 19.50$.
SILJ often charts the best of all the metals and miners. It now looks like we have confirmation that the low back on September 24 was THE low, and we have a i-ii setup in place and we’re in wave iii of a potentially huge rally to higher highs. Again, a break of the yellow downtrend line would be a warning sign that we’re not done on the downside. Otherwise, all...
3 rising valley Pattern, no real divergence. i would feel comfort able scalping the first move to the top trend line and watch for a breakout.
Are these too injured? Looks like they might of healed faster than expected. If silver junior miners stretch from 1 year sma like silver metal can do... it would fit nicely with next confluence of resistance at +17$.
Can I get my hopes up now? Oh boy this seems legit: Out of the daily cloud, heading up the volume defined slide... out of pivot lines... 17$ target.
Im sure im early here. But I really like this silver etf right now. Decent R/R.