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Silver (XAG/USD) Testing Long-Term Trendline SupportChart Analysis: Silver prices are approaching a key rising trendline (black) that has supported the market throughout 2024. This level could provide a pivotal point for the next directional move. 1️⃣ Rising Trendline Support: The trendline, drawn from the January 2024 low, has consistently acted as support. Silver is currently testing this level around $30.39, which aligns with a potential decision zone. 2️⃣ Moving Averages: 50-day SMA (blue): Price has slipped below the 50-day SMA at $31.64, suggesting near-term bearish pressure. 200-day SMA (red): The longer-term trend remains intact, with the 200-day SMA rising steadily near $29.57. 3️⃣ Momentum Indicators: RSI: Hovering at 42, showing weakening momentum but not yet oversold. Traders may monitor for divergence signals. MACD: The MACD line is below zero, with a slight bearish crossover forming, reinforcing a cautious outlook. What to Watch: A decisive move below the rising trendline could bring the 200-day SMA ($29.57) into focus as the next key support. On the other hand, a bounce from this trendline might signal renewed bullish momentum, with resistance likely at the 50-day SMA ($31.64). RSI and MACD movements could offer early clues for price direction. Silver is at a technical crossroads as it tests critical long-term trendline support. Traders will be watching closely for confirmation of the next move. -MW
FOREXCOM:XAGUSD
by FOREXcom
1
SPY/QQQ Plan Your Trade For 12-17: Momentum Rally PatternToday's Pattern suggests the SPY/QQQ will rally higher - possibly attempting to find a top. What I find interesting is the big rally in the QQQ/Nasdaq yesterday. Possibly, the Momentum Rally phase hit the NQ yesterday. Overall, I'm still looking for the markets to attempt to roll into a topping pattern. So, I'm staying very cautious of any big market moves right now. Yes, if you look at the QQQ/NQ, it looks like the markets are in liftoff mode (bullish), but other data suggests the markets are actually weakening and pulling into a reversion phase. Gold and Silver will likely find a base/bottom soon. I picked up some Call options on SILJ and GDX recently anticipating the potential rally move. Bitcoin is well beyond a 100% measured move higher. Even though I believe Bitcoin can rally to 112k - 115k, I'm urging traders to stay cautious (still). My data suggests the markets are weakening and possibly moving into a pullback/reversion phase. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
SILVER Will Go Up! Buy! Take a look at our analysis for SILVER. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 30.270. The above observations make me that the market will inevitably achieve 31.022 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDLong
by SignalProvider
1
SPY/QQQ Plan Your Trade For 12-16: Inside BreakawayThis video highlights what I believe will be a rotating topping pattern setting up in the SPY/QQQ over the next 3-4+ days. Traders should move away from risk headed into Christmas and the end of 2024. Gold and Silver will likely make a move higher over the next 5+ days - attempting to recover lost ground from last week's selling. Bitcoin rallied to key resistance and will likely move into a consolidated range (again). This is the time to pull capital away from risks and sit tight through the Inauguration. I believe we'll be seeing lots of day trading opportunities with volatility - but I also believe the markets are setup for a downward price swing headed into the Inauguration. Buckle up. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDShort
by BradMatheny
Pan American Silver (PAAS) AnalysisCompany Overview: Pan American Silver NYSE:PAAS , a leading precious metals producer in the Americas, is strategically positioned to benefit from the rising prices of silver and gold, driven by global economic uncertainties and inflationary pressures. As investor interest in precious metals grows, PAAS stands out for its robust operations and efficient portfolio management. Key Catalysts: Organic Growth Focus: PAAS has increased its 2024 drilling budget to over 450,000 meters, highlighting management's confidence in its exploration prospects. This aggressive exploration strategy signals long-term production growth and resource expansion. Portfolio Optimization: The company secured Investment Canada Act approval for the $245 million sale of its La Arena gold mine and La Arena II project in Peru to Zijin Mining Group. This transaction demonstrates PAAS’s commitment to unlock value from non-core assets and focus on its most profitable operations. Precious Metals Momentum: Rising gold and silver prices, fueled by inflation concerns and economic uncertainty, enhance revenue potential for PAAS. As a top-tier producer with diversified operations, the company is well-leveraged to capitalize on higher commodity prices. Investment Outlook: Bullish Outlook: We remain bullish on PAAS above the $20.00-$21.00 range, supported by strong fundamentals, rising metals prices, and a clear focus on organic growth. Upside Potential: Our target range for PAAS is $34.00-$35.00, reflecting the company’s ability to grow production, optimize its portfolio, and benefit from favorable macroeconomic trends. 🚀 PAAS—Capitalizing on Rising Precious Metal Prices and Strategic Growth. #Gold #Silver #MiningGrowth
NYSE:PAASLong
by Richtv_official
SILVER IS BULLISH TO $34!Silver Long / buy idea On high timeframes monthly & weekly silver is bullish and currently at a higher low which also aligns very nicely with a strong support level which is being rejected. On the daily timeframe the SMA's have crossed and the market does look to have pulled back and is currently rejected that price level which is good confluence that the trend is changing on the lower time frames to a bullish trend, which again is confluence of a bullish market due to the overall trend being bullish as shown on higher time frames On the daily & 4hr the fib also aligns very nicely with other technical factors, the market has touched the 61.8% retracement level and looks to be rejecting that area. The fib gives a target price of $34 which is slightly under the ATH. I would st stop at around $29 to give some protection from the support level, if price does pull back down then the support is there to act as a barrier to rebound the market and stop us from bing stopped out. 1:4 RR on this trade with a potential 12% ROI.
CAPITALCOM:SILVERLong
by h77nry
SPY/QQQ Plan Your Trade For 12-13 : Carryover In ContertrendToday's pattern is a Carryover in Counter trend mode. As you'll see in today's video, I'm highlighting many various new features and techniques to help traders understand price movement and context related to trading opportunities. We need to understand how to target opportunities and how to avoid risks. I had a long conversation with a subscriber yesterday - he's struggling to understand how to trade efficiently. Trading is all about jumping on opportunities when they hit and trying to avoid risks and overtrading. I see so many people try to trade everything that ticks - even when they should be sitting on the sidelines and waiting for better opportunities. If you want to gamble with your trading account - throw a dart and pick BUY or SELL (RED or BLACK). If you want to learn how to consistently target the best trade setups, then learn to WAIT for the best setups, execute your trades, then PULL PROFITS/EXITS as quickly as you can. You should be able to trade only 2 to 3 times a day and do very well - if you don't get trapped in trying to WISH a trade into profits. Remember, trading is unlike anything else you've ever tried. The more time you try to WISH something to happen, the more likely you are taking on excessive risks. I'm working on new tools to help all of you develop better skills. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDShort
by BradMatheny
Silver May Face More Weakness After A Corrective RallySilver is making sharp reversal down from recent highs, even breaking a lower trendline support of an ending diagonal which is an important indication for a top in place. As such, we are aware of much lower prices, maybe even back to the start of a diagonal at around 27/28 as drop from 4h time frame has an impulsive bearish structure into wave A/1. But we see some bounce now that can be an A-B-C irregular/expanded flat correction into wave B/2, where subwave (C) can be now in progress. Resistance is then around 31.60-33 area, and from where we will have to be aware of further weakness within wave C or 3.
OANDA:XAGUSDShort
by ew-forecast
2
SPY/QQQ Plan Your Trade For 12-12: Breakaway PatternToday's video goes into detail related to the general SPY/QQQ trending and the continued potential for a price Anomaly Event. It is likely that the markets continue a Santa Rally phase - attempting to push higher throughout the end of 2024 and into 2025. I want everyone to understand that the anomaly event I keep suggesting may happen is an outlier event. It would be driven by some news, political, financial or other type of market event. If that event does not happen, then the markets will likely continue to push higher and higher. So, remember, the markets want to push higher into the typical Santa Rally. My Anomaly event would be a potential outlier event - driving a moderate pullback in price. Gold and Silver should move into a moderate topping pattern today - possibly pulling downward a big. This would be a goo setup for the next rally phase higher. That rally may come tomorrow or into early next week. Bitcoin is trapped within a consolidation range. The rally yesterday was nice to see, but right now we are seeing Bitcoin struggle below resistance. So, we still need to be cautious about rolling downward. Yet, the general trend for Bitcoin right now is upward. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
SPY/QQQ Plan Your Trade for 12-11: Flat Down PatternToday's pattern suggests the markets will slide downward after the CPI data came in as expected. I believe the markets are going to roll into an Excess Phase Peak pattern over the next 5+ days - setting up a big potential downward price swing (the Anomaly Event) before the end of 2024. Gold is moving into a CRUSH pattern today. We may see a very big price move (I suspect higher) today as traders move to hedge weakness and market concerns globally. Bitcoin recently set a new lower low, showing us that the dominant trend is Bearish. Bitcoin set up another potential Excess Phase Peak pattern, totaling four current Excess Phase Peak patterns in this broad sideways consolidation range. The breakout, either to the upside or downside, in Bitcoin could be very explosive. Remember, we continue to trade into a low liquidity price trend throughout the end of 2024. So stay cautious and stay aware of the risks for the Anomaly Event. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
XAGUSD. Trading opportunityHi traders and investors! Overall, nothing particularly interesting is happening in the market from a daily timeframe perspective. If we don't delve into lower timeframes to look for trades, silver can be considered. Daily Timeframe Analysis On the daily timeframe, the price has formed a range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185. The seller's vector 9-10 is relevant, with a potential target of 26.471 (26.0185). The price has reached the level of 32.16, where the seller might resume (see previous posts). Below, a buyer’s zone has formed with an upper boundary of 31.478, what could become an obstacle for the seller. 4H Timeframe Analysis On the 4-hour timeframe, the price has also formed a range. The upper boundary is 31.5365, and the lower boundary is 29.643. The buyer’s vector 9-10 has moved beyond the upper boundary of the range. If the seller returns the price into the range (below 31.5365) and defends this return, the seller’s vector 10-11 will be relevant, with a potential target of 30.3165 (29.643). If the buyer defends the breakout from the range, the potential target is to update the local high (31.286) and reach 31.5185 (the range boundary on the daily timeframe). From my subjective point of view, the daily timeframe currently favors the continuation of the buyer's movement. However, a correction down to 30.3165 is possible. Good luck with your trading and investments!
OANDA:XAGUSD
by AlexeyWolf
SILVER possible longs2024/12/11 M1 : Currently Bullish tapping into the demand zone W1: MSS towards bearish side D1 : Bullish 4H : Consolidating Narrative : Overall Monthly leg is bullish > Weekly is currently Bearish > Daily has shifted from bearish to bullish probably retracing towards the weekly premium zone > 4H is currently consolidating > when 4H turns bearish and comes towards the D1 fresh OB we can look for the long trade Case 2 : Price has already tapped the weekly premium zone and IMB, so if the 4H doesnt show any reaction on 4H and do a MSS on daily leg we can look for short trade too.
TVC:SILVERLong
by nptrade24
$SFRX CEO Update: Juno Beach Progress and Tech BreakthroughsDecember 9, 2024 OTC:SFRX CEO Update: Juno Beach Progress and Tech Breakthroughs seafarerexplorationcorp.com This CEO Update shares exciting news on advancements at Juno Beach, offshore discoveries, and breakthroughs in SeaSearcher technology. Dear Shareholders, While adverse weather conditions posed significant challenges this summer, our team has continued to make steady advancements in exploration and artifact recovery, reinforcing the long-term potential of our work. At the Juno Beach archaeological site, we have made significant strides in mapping a prominent area of debris concentration using transect mapping. This has enabled us to locate new areas containing large ballast stones and a substantial wooden element believed to be part of the ship’s stern. Our recovery efforts have been fruitful, adding dozens of artifacts to our collection, which now exceeds 1,000 items, excluding lead sheathing. We have established a 300’x300’ grid, allowing us to focus our SeaSearcher scans on a refined area where debris is concentrated within a 100’ north-south by 250’ east-west zone. A harpoon recovered during this phase may also be associated with this wreck. These findings are supported by detailed documentation, including hundreds of pages of reports and hours of video records of our archaeological processes. At Melbourne Beach, activity has been limited by weather, but we completed test dives and laid the groundwork for a grid system over two target areas, the Ring Site and HTQ. This will guide SeaSearcher scans to evaluate the potential for continued exploration. At Cape Canaveral, a historically significant area known for colonial-era shipwrecks, magnetometer scans, and test dives have yielded promising data, and we are preparing to bring in the SeaSearcher as soon as conditions allow. Offshore, we have identified a promising area with evidence pointing to the possible presence of two or three vessels from the 1715 fleet. Initial dives uncovered a colonial-era anchor, further validating this area as a strong prospect for recovery operations. The SeaSearcher technology continues to advance, with improvements in metal discrimination allowing for greater confidence in distinguishing ferrous, non-ferrous, and even precious metals. The platform’s stability has been a key factor in its routine deployment, and our second-generation metal discriminator has shown improved sensitivity and reduced noise. Progress toward a handheld unit also continues, promising further flexibility in our recovery operations. Our archives and historical research team have also been making significant strides as well, particularly in analyzing records from Seville, Spain. These documents are beginning to yield useful insights into additional shipwrecks, and our new cataloging method has improved our ability to extract and organize data efficiently. While weather has been a limiting factor, particularly as we transition from search to recovery operations, we remain committed to maintaining the highest levels of safety and precision. The rough seas of summer have presented challenges for both diver safety and accurate positioning of recovery grids, but we are well-prepared to capitalize on more favorable conditions as they arise. We continue to make meaningful progress toward our mission of uncovering and preserving historical shipwrecks, and the work completed this year lays a strong foundation for the year ahead. Thank you for your continued support as we pursue opportunities to create long-term value through our exploration efforts. Sincerely, Kyle Kennedy CEO, Seafarer Exploration
OTC:SFRXLong
by astrothtrader