It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box.
I see silver going down to $24 area, shake out some hands, and rocket up past $30 after...
This a long term strategy for the next couple of years. Silver is consolidating within this triangle since August 2020. Buying SLV ETF is like having silver bricks stored in a safe place. See it that way. You just don't sell silver, you accumulate it at every pull back. I may take less than a couple of years though bc the break out could be violent. I'm showing a...
The shooting star candle on the weekly last week points to weakness at least in the short term. The question is: is this just a short-term pullback (blue arrow) or it's the top for a long-term correction (yellow arrow)? Looking at the RSI on the monthly and weekly, it has never taken the top of the peak and the rally from the bottom has been in 3 waves. I highly...
SLV: SILVER will follow GOLD?
-Breakout of long time accumulation.
-Vol for demand confirmed.
-Inversed HnS pattern.
-Demand zone waiting for a pull back.
.
Wait n see!
Hello everyone, I hope you are all doing well. Previously, I had shared my analysis on the price rise of gold. In case you missed it, I would like to share some new opportunities with you. The chart indicates a very bullish trend with 1 leg, 2 legs, and a positive RSI and MACD in monthly and yearly time frames. Silver is about to explode in price, with the first...
AMEX:SLV It's that time again! #silversqueeze is trending on social media. This meme resurfaces every 2-3 years CONSISTENTLY when whomever thinks the time is right to take retail traders' money. With Gold AMEX:GLD making new highs they are trying it once again.
Watch my video from 2021 and do the research on Google News yourself! Wait for the price action...
I sold today. I believe this is about to get a beat down.
I did not and won't be selling my physical.
Down to $12 and up to $48???
NOT FINANCIAL ADVICE!!!
Its taken a long time, but silver has finally shown life toward the upside.
Bullish moves in silver have taken 8-10 years in the past to fully play out.
If 2020 marks the beginning of the bullish move, then this move could last until 2030.
Bullish head and shoulders pattern could target silver to the mid 30s level.
If silver shows continued strength, then...
AMEX:SLV Silver Inverse Head & Shoulders Weekly Chart, The Inverse Head & Shoulders pattern is a bullish reversal pattern commonly observed in technical analysis. It typically consists of three troughs, with the middle trough (the head) being lower than the two surrounding troughs (the shoulders). This pattern suggests a reversal of a downward trend, with the...
Gold has broken out of a multi-year resistance to new all-time highs. Silver has been lagging Gold. It has started to move and should accelerate in its catch up once Silver future push through 26. I am long SLV as a proxy. Silver miners may also be a great play but I don't like the rise in energy prices, which could continue to be a headwind for them.
Some basic analysis reveals that Silver is flagging on the 3 Months chart looking for a big breakout. Collect Grandmas silverware and sell at the highs
We know they have been playing games.
I personally would buy physical and stand back from PAPER Silver.
Can the silver gorillas return with strength??
NOT FINANCIAL ADVICE!!!
I'm Bullish Gold and Silver! I expect a rise on the VIX followed by downward manipulation of the VIX until election time, expect a lot of volatility, when the VIX and Gold and Silver break out expect a much needed stock market correction!
A no brainer buy low, sell high.
Is Silver ever going to zero? No
GLD has had a BIG breakout and SLV has not followed through (yet)
the 100/200 sma on monthly support this trade and if your time horizon is long enough, I believe this position goes back up to the supply zone.
There is a Bullish Inverted Head and Shoulders with a Piercing Line on the potential Right Shoulder visible on the weekly timeframe above the 800-week EMA who's measured move would take it all the way up to the 1.272 Fibonacci Extension
if the pattern plays out.
The move up in SLV should be supported by the rising of the TLT and Falling of Yields (if that trend...
Looks like one more leg down could complete the correction from the last ATH. Potential Wave 3 projection indicates mid-40s. Be ready to pounce on any middle of the night crashes. These have turned out to be exceptional buying opportunities, every time.
I had been using the iron condor strategy for quite a while now but something's got to give, especially...
