Silver isn't very chart-friendly; I've learned this since mid 2020. That said, Silver can at least be tracked with some confidence to critical support of ~$21.50. The few reliable indicators one can use indicate silver is bearish. EMA has pushed solid resistance and continues to build. Silver appears ready to approach a point wherein it will reject heading below...
Well, SILVER is not going to moon like the redditors and individual retail investors wanted it to. First, we had the fake break-out at $30, which immediately failed. Bulls attempted two recoveries when SILVER fell below $27 briefly, yet each time, the metal failed to maintain $28 as its base camp for the summit to $30 once again. Without clinging onto $30 (let...
Charts, charts, and more charts -- everyone ignores the massive elephant in the room. Silver will fall back to $24 by summer. Notice the massive resistance that hits in August, as Coronavirus vaccine news begins to take hold. Silver failed to break the big $30, which would've been critical and necessary support. And we consolidation between October 2021 and now,...
FOR EDUCATIONAL PURPOSES ONLY. INVESTING IS HIGH-RISK (ESPECIALLY RIGHT NOW).
IHRT comes out of May 2019 bankruptcy and looks healthy: The company became profitable, flipped negative shareholder equity to positive, and it's currently trading at ~76.5% below analysts' fair market value ($30.28); Nearly all ratings are STRONG BUY. Healthy price-to-book ratio coming...
SILVER normally trends downward in Q1/Q2, before cyclically bounding into a bullish run from Q3 and into the new year. Sustained fears of Coronavirus and low risk appetite keep SILVER hovering undecidedly between $17.60 and $18.20, with strong price rejection @ $18.80+ back in early January and plenty of support at $17.50 reminding us of this tunnel's ceiling....
Bullish Q4/new year volume and safe-haven plays kept SILVER over the symbolic $18 mark, though also due to recent political uncertainty. Strong price rejection at ~$18.80+ and oversold even still. Following news of Ukraine flight 752 and mutual apparent stand-down between US/Iran + MA 30 @ $17.40, MA 20 @ $17.10, calling for SILVER to hit below $17 by April....
