If silver can get above 22.85 we may have continued lift off.
Silver futures at the 4 hour view. Silver got a huge boost due to the dollar strength being destroyed. That said, the SLV ETF climbed from the top 200s to the top 16 in most traded ETFs by Robinhood. The typical Robinhooder is a new trader and/or a momentum chaser. When ever you see momentum chasers going for a commodity or a sector, that's how you know the fun...
The silver/gold ratio was at all time low, or at least lowest in 350 years, maybe in entire history. Here is what happened with Bitcoin: Maybe the price will hesitate a bit in this area before spiking up So easy making money chasing pumps and riding them short term while they rocket in a single direction Silver assets are all going up Here...
Silver (XAGUSD) recently formed a Golden Cross on the 1W chart (when the MA50 crosses above the MA200), having fully recovered from the coronavirus collapse. This is a very encouraging sign for long-term investors as a similar pattern was formed in the early 2000s right before Silver's big expansion. This means that we are either in front of the greatest buy...
Platinum is breaking out of a 5-6 week bull flag after tagging its 50 day moving average and reversing from major structure. Precious metals seem to be breaking out in general, but I particularly like the pattern in platinum. I am long all three (gold, silver and platinum).
After trending mostly below $18/oz for nearly two months silver has recently broken above that resistance level and is currently testing $18/oz as support. If price can manage to hold above $18/oz and see a continued push higher then $19 will be the next level to watch for resistance. Should price fall back within the $17-$18/oz range then $17 will be the main...
The corrective structure of double three WXY has been completed and we got the first impulse up. It should be retraced in wave 2 and then the rally will resume. Target area is in the blue box in the 18.80-19.30 range.
The earlier idea could be completed as structure gets more complex with possible double three WXY to emerge. The drop into blue box should occur then to make a wave X retracement. Then the metal could hit 22.50 when another zigzag up in wave Y unfolds.
The wave (4) has been completed as per the plan (see related). The wave (5) could be extended and of the same size as wave (3) and it can hit the all-time high and even higher level of 1965.
Depending on a lot of sign Sl1! going to be With a huge endurance decreased and it's the perfect time to sell
Huge Arb opportunity in Silver where Spot Silver is trading 0.35 pips discount to future.... This difference would converge to 0.15 pips minimum within this month
Been busy with life lately so my posts have been less often. Nevertheless, I do always keep an eye on the charts and when I spot something that requires a post I deliver. This morning I want to talk about the Silver. Remember when Silver outperformed Gold a few weeks ago? Well based on what I am seeing on the chart that may happen again in the coming week(s)!...
While we have a $50 target for silver by the end of 2021, we fully expect it to get smacked in risk-off environments given its importance to industrial activity. When investors are optimistic, silver trades like copper; when they're scared, it trades more like gold. It's had a great run here and while we fully expect to see the ratio get back below 80 in time,...
Silver(Sl1!) closed at $17.90 on Tuesday for a $0.53(+3%) gain on the day. Price is currently testing the $18 level which is just below a diagonal trendline which stems from the August high near $20. Price has also created a series of yellow candles over the past 4 trading sessions which indicates that there is bullish momentum volatility behind price according...
What a time to be a trader...and what a day! U.S. markets gapped up and held their gains throughout todays session after Moderna, Inc. reported positive phase 1 results of a potential Covid-19 vaccine. Could it really be that simple for the bulls? It'll be interesting to see how the market reacts when the Fed Chair Jerome Powell speaks at a scheduled Senate...