'Everybody' - well nearly everybody - has forgotten about Silver. Warren Buffet hasn't. Look, why are the big boys always ahead of the rest of the markets? Think! In the screencast, I show how Silver is apparently itching for a breakout - in a similar way to Gold. If Gold pops above 1400 and stays above, expect big moves on Silver. There are only three kinds...
Have a great day all and don't forget to check out the updates!
Silver is still in a major downtrend with it's recent pullback facing heavy resistance.
In this video update, we break down why we looked for Silver longs in our telegram group. Price has formed a higher high on the daily chart after breaking through trendline resistance. The CoT reports show commercials buying around these prices indicating a potential reversal.
Just my idea on a way Mexico could have got around the effects of the tariffs by monetizing the Libertad.
In this video update, we take a look at Silver as price consolidates after a significant drop. The commodity didn't hold at the key support zone of 14.90 and has continued to push lower. The next demand zone sits at 14.16 and could be where Silver moves too. Looking to the 4hr timeframe we have a couple of opportunities if price can retrace back to the lows or...
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
In this video update, we take a look at Silver as price remains at the key demand zone. With the upcoming rate announcement, we could see Silver prices move higher. Technically price looks to be consolidating towards the key demand zone. A move above 15.10 will be ideal to look for significant silver strength.
My conviction is strong that precious metals are only beginning their rallies higher, however, we might need to base out first.
In this video update, we take a look at silver as price forms a lower low on the 4hr chart. This allows us to look for further shorting opportunities as the commodity recently rejected the key $16.00 resistance. Looking for price to re-test the $15.40 structure lows before continuing lower towards $15.00 support.
I continue to expect a move down to $14.75 before we continue the uptrend.
In this video update, we take a look at silver as we expect the daily double top pattern neckline to act as resistance before price moves lower. The neckline has not been testes yet and sometimes the market will gravitate to previous lows before continuing its move lower and this is what we expect to happen here with Silver. If price forms bearish price action...
I have dipped my toes in Silver, I'm unsure whether a meaningful low is in place just yet, however, I did want to have a horse in the race.
Precious metals have been performing very well over the past couple of months, price does not move in a linear fashion so do we careful near term as the risk of a pullback is rising.
In this video update, we take a look at the Silver and the potential for the Weekly to re-enter the current uptrend. Metals are outperforming and look likely to continue to do so. The USD is under pressure with recent weak data which is helping the price of the metals push higher. Looking at the market technically the 4hr chart has printed a bullish engulfing...
This is a follow up to the silver analysis I released earlier this week. I was looking for a long break out and that's what has happened. What next? Should you take your profit or ride through any pullback? If you've missed when can you enter This is not investment advice. Steve Nixon Trainer & Mentor @logicfxtrading I'll update this idea as it develops