AG
$XAGUSD silver will likely outperform $XAUUSD*This is not financial advice, so trade at your own risks*
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Silver prices are going to crash! First Majestic Silver might be signaling big silver crash in price and the next coming depression. Everyone who bought into inflationary assets are going to get hurt IMO. Don't go all in on inflationary assets it's best to diversify because things don't always go the way you think it will. May be at least not in the short term and that can hurt you and might force you emotionally to make wrong choices. Trade safe my friend!
Cycle Low in Silver, Gold? Inflation Hedges Take Off NYSE:AG MCX:SILVER1! AMEX:GDX TVC:GOLD
It takes zooming out at least 20 years to feel good about buying gold or silver, traditional inflation hedges.
It's been a boring asset class since the Federal Reserve began its most recent monetary experiment, but as we all know, the piper will get paid.
Regardless - silver (shown) and gold are hinting at cycle price lows. After breaching a year-long trendline and triggering selling pressure, silver prices held support over the previous major low before forming what now may be a H&S Bottom, as defined by Edwards & Magee (1951).
The Silver Stairway To HeavenThis is a quick and dirty estimation of what silver might be up to in the coming days. We have a broadening wedge that could provide some structure, perhaps enough for us to get up towards $40. The reddit short squeeze could be very real and would likely break my upper resistance if it were to play out. As always, nothing is certain and this is certainly not advice. Use your own risk analysis when trading.
SILVER triangle breakoutJust buying Silver @ 24.86, as it already broke the triangle (yellow) and pulled back to the range high BUY (which often acts as strong support). The grey trendline could act as a magnet attracting the price. For me it's good opportunity to get in with favourable risk reward ratio.
RRR 5.55
TP @ 31.9 which is resistance slightly below the projection of triangle height (projected from range mid-point)
SL @ range low
The Silver StandardI love silver.
Bullish pennant formation with a breakout but be careful cause it could be a fakeout since there's not much volume yet. Seems the market is repricing it but no matter.
This stock going up over the next 1-2 years is a matter of near certainty.
Fundamentals support it.
(note: I do own the stock and call options on the stock.)
Not financial advice.
VERY BULLISHI've been watching this triangle for probably a couple years 🤣 and it's finally broken out!
Commodity prices are rising quickly and don't look like they're stopping and SILVER HASN'T EVEN MADE A NEW HIGH YET!!!
Could be the opportunity of a lifetime but we also need to be aware of the downside risks because this will sell off if the market sells off simply because people will get margin called and lose their shirts if interest rates rise. But the Fed claims there won't be a raise until 2023... and the chart is telling me we could run up 7-8x from now until then. Meanwhile I just paid 40% more to fill up my car today as compared to a few months ago...
Owning a little physical silver makes me feel better. 😓