I got a lot of messages these days...
"Sir I missed the move in silver what shall I do?"
" I'm short in silver I followed someone else, please help"
And my favorite:
" Sir can we buy silver now?"
... etc
We broke violently the multi year down trendline in the last 2 days.
Actually the above chart is a 2-day-chart because I wanted you to see how big was the consolidation we broke and how small was today's move in the range comparing to the previous moves.
This is just starting. Yes we rallied from 14.3 to nearly 16 $ which is a big move.
But if we accept the fact that silver is starting a bull market in the next few weeks it can easily tag and maybe break the top of the range at 21.286$. Of course there will be consolidations and pullbacks in this rally but the long term view is clearly bullish.
Many funds and big trader will enter in silver after today's breakout.
If the dollar is finally rolling over Silver will print a big rally in the following days.
We are just at the bottom of the range:
"Sir I missed the move in silver what shall I do?"
" I'm short in silver I followed someone else, please help"
And my favorite:
" Sir can we buy silver now?"
... etc
We broke violently the multi year down trendline in the last 2 days.
Actually the above chart is a 2-day-chart because I wanted you to see how big was the consolidation we broke and how small was today's move in the range comparing to the previous moves.
This is just starting. Yes we rallied from 14.3 to nearly 16 $ which is a big move.
But if we accept the fact that silver is starting a bull market in the next few weeks it can easily tag and maybe break the top of the range at 21.286$. Of course there will be consolidations and pullbacks in this rally but the long term view is clearly bullish.
Many funds and big trader will enter in silver after today's breakout.
If the dollar is finally rolling over Silver will print a big rally in the following days.
We are just at the bottom of the range:
Note
So it was not too late to enter yesterday. +1,5% again.
Note
+2,3% todsy
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We made it. If you are in this probably you are trading this year’s greatest trade.Note
Xauxag ratio At support. We might see a more powerful Bounce in gold In the following days
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This is unstopable:Note
I still suggest to hold the long positions.XAUXAG ratio seems wants to tag the 200 SMA.
It can be in 2 ways :
1. gold drops and silver will be flat.
2. Gold flat and silver bounces.
Note
A possible minimum target for those who can’t wait for 21:Note
Silver is ready to break higher from the consolidation.Note
Broke out from the consolidation triangle
Note
This week or the next will be the big moment of silver .We just broke out of the consolidation
Note
This is the time when it’s not impossible for Silver to run one dollar per day.Note
The xauxag ratio is turning down, and signs That silver will move much faster than Gold to the upsideNote
Same in silver . we dropped almost 2% today. This is not a catastrophy after big days it’s always possible to give back half of those gains on the next day. But we need to recover the losses by tomorrow. If not then the DCL is coming in Note
The chance is high that silver is breaking out of its flag and starting the parabolic move to 21,286$.Note
1$ /day rally for 2or 3 days.That’s what I’m expecting if the move starts.
Note
Playing out as expected.Note
The big picture
Note
xauxag on the way down so I’m still expecting silver will overperform in the following few days
Note
We started the move down into the 2nd DCL. I started to hedge the silver position this morning.Probably we will tag the lower Bollinger band at the DCL at 16.1-16.2.
When I think the DCL is printed I will launch one more long idea to catch the intermediate top.
Trade closed manually
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.