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Silver Multi-Timeframe analysisHi Traders
Silver Multi-Timeframe analysis
H1 CHART
A low probability, entry signal to go LONG was given at 27.118 after the market found support at 26.847 . Only the downward break of 26.847 would cancel the bullish scenario.
Support & Resistances
27.039 27.510
26.816 27.652
26.528 27.940
H4 CHART
A medium probability, entry signal to go LONG was given at 26.544 after the market found support at 25.863 . Only the downward break of 25.863 would cancel the bullish scenario.
Support & Resistances
25.757 30.075
24.683 32.545
20.496 36.732
DAILY CHART
The market is approaching the support at 25.888 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 24.160 level.
Support & Resistances
25.888 27.912
24.160 30.075
21.884 32.545
WEEKLY CHART
Waiting for a retracement lower towards the 21.653 support level, in order to reinstate LONG positions. Next important support is the 18.932 level.
Support & Resistances
21.653 30.075
18.932 34.662
16.512 42.844
Every time frame mentioned looks bullish. However, short term on 30 min i see a lot of bearish pressure.
Silver Price 2021 - V3Building on the work of my V2, which had correctly identified the 8 year cycle for Silver, there was something about the MACD bugging me about it and how it didn't line up.
Went back to it and got to the bottom of it!
And what a lovely find regarding the Elliot Wave corrective wave, in that the time proportion between the last correction period and this recent one is the .38 important ratio.
Quite happy with this and think this is the final Version of this chart for sure!
Silver Price 2021 - V2An update of a previous chart.
Just a bit more of a play with time frames, although the core 16 year cycle is still solidly in play.
Most interesting thing to note was the .38 ratio in play between the big movements.
This is the after affects of Gold standard removal in 71 coming home to roost, incredible.
Interesting!
Silver- Ready to break above resistanceUnlike Gold, Silver is in a clear uptrend, with the price putting in higher lows and higher highs since the beginning of December.
The spike to 30 from the beginning of February is now corrected and XagUsd looks ready to resume it uptrend.
At the time of writing Silver is trading at 27.55, just under 27.80 resistance and a break above resistance can lead to a new challenge of 30 zone.
Silver is in a clear uptrend as long as the price stays above 26 and dips should be bought
Silver is getting ready to pop. 2021 target of around $45/ozSilver is forming a bullish ascending triangle with the potential to break out in the coming days or weeks. It may be possible to get another rejection on the resistance line, but I would imagine as the economies of the world reopen and velocity of money starts to pick up, inflation will drive silver up to old highs this year. Long/hold position is wise at this point, unless the ascending support line gets broken.
Long term indicators turning positive - WWide Stimulus = SLV+Long term indicators are turning positive whilst the FIAT money printing is increasing world wide to counter-effect Covid-19. As a counterbalance precious metals and diamonds act as value preservatives. With this reasoning my speculation is that we are getting closer to a clear turningpoint within this field. Due to this I'm long silver both as investment and hedge towards unforseen effects being born out of the post-covid world.
The formation of the Diagonal pattern at the end of 5th waveThe formation of the Diagonal pattern at the end of 5th wave from point b
First, let's take a look at the weekly chart. The first uptrend ended in the range of 49.83, and the price is in corrective phase for this uptrend, which can be extended up to the $ 8 level.
( Weekly Chart )
In the corrective phase of (2 / B), there is the possibility of the termination of wave A in the range of 13.65 and also wave B is in the form of Expanded Flat, which might be finished in the range of $ 30.09.
In the daily chart, by ending the b wave from point (B) in the range of 11.63, according to the Expanded Flat pattern, we should have 5 ascending waves, which are completed in the range of 30.09 and the Diagonal pattern is formed in its 5th wave.
If this pattern is being confirmed, i.e., the price can cross the range of 24.06, we can expect a downward trend with very high targets, although the initial target according to the Diagonal pattern could be in the range of $ 21.66.
Silver to Rise to the Top of the Channel!XAGUSD broke out of the yellow downtrend line last week. Now, it has successfully retested the breakout as support. If the support holds, Silver should see a large run to the upside with the first resistance being the cyan uptrend line. The 50ma (blue) and 200ma (yellow) are curling up and will act as large support areas if Silver downtrend momentum continues. We would love to buy more Silver if it dips to those levels! - HH
23.30% SHORT INTEREST. SILVER SHORTAGE. SHORT SQUEEZEThe United States Mint just announced a shortage of Gold & Silver. See links below.
www.theepochtimes.com
www.reuters.com
Silver has been artificially & fraudulently held down for decades while gold continued to rise.
JP Morgan just bought "FAKE" Silver by creating ("Procured") 61,250 contracts, or 61,350,000 new ounces of Silver (1,000 oz bars) in a matter of days. JP Morgan has been creating Silver out of thin air with nothing to back it up.
When the house of cards falls, you will want physical Silver not contracts, worthless pieces of paper.
First Majestic cannot mine Silver fast enough, everything they have is sold out. Check their website. (Earrings should be a gigantic beat)
store.firstmajestic.com - (Website Bullion Store Message - Due to the influx of silver orders we have to temporarily suspend sales for maintenance we will try our best to get back online as soon as possible.)
Folks, there is a shortage of Silver and the big banks are artificially holding the Silver price down. They cannot keep holding the Silver price down especially with robust demand now.
If you look at inflation, silver should be trading around $1000.00.
Gold & Silver have been manipulated for decades. The manipulation needs to stop!
Today silver is invaluable to solder and brazing alloys, batteries, dentistry, glass coatings, LED chips, medicine, nuclear reactors, photography, photovoltaic (or solar) energy, RFID chips (for tracking parcels or shipments worldwide), semiconductors, touch screens, water purification, wood preservatives and many other industrial uses. Washington-based industry group the Silver Institute calls it "the indispensable metal".
The biggest consumers of silver for industrial applications this past decade have been the US, Canada, China, India, Japan, South Korea, Germany and Russia. Over that time silver demand from older industries has faded, only to be replaced by new technological uses.
With a silver shortage brewing, and First Majestic Silver reporting earnings on or about February 18, 2021, the stock looks ripe for another short squeeze!
I moved into Gold & Silver Bullion - I am out of the stock market.
If you like short squeezes, this silver stock looks ripe for the picking!
The last squeeze spiked the stock to $24.01 within days.
I think it will happen again very soon!
Best of Luck!
$SILVER - Bullish scenario, target $29✴ - Volume looks good but still under the average
✅ - Double bottom on 1h
✅ - Bullish price action on 4h (Bullish Engulfing)
✅ - Harmonic pattern forming (Crab 🦀)
✅ - MACD
✅ - STOCH
✅ - Momentum
✅ - DeMarker
❌ - MA50 (2.5% under 50MA)
✅ - MA200 (2.6% above 200MA)
✅ - Pivots: (2.7% above the pivot point )
⏰ - Breakout 1: $27.17
🚀 - Potential targets (🚀$29)
🪂 - If things goes wrong better to exit under 26.46
🚦 - Next entries in case if dropped: --
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
SILVER- New Longs now or at 26,36Our updated Silver chart. The price is finding support and we are buying again now but a drop to 26,4 is possible and we will be ready to buy even more then.
Remember: a healthy support is a good sign of the price's possibility to rise in the long run. Watch today's video for more into this matter
Silver- for my Cinderella critics 😱🧟Just my thoughts on Silver and some educational tips.
a few things about Silver:
- Silver has the highest thermal conductivity of any element
Out of all the elements, silver is the best electric conductor, and is actually used as the standard by which other conductors are measured. On a scale of 0 to 100, silver ranks 100 in terms of electrical conductivity. Copper ranks 97 and gold ranks 76.
- Humanity (technology) needs Silver like the desert needs some rain. It's the best semiconductor
-The price of silver is driven by speculation and supply and demand, like most commodities. The price is notoriously volatile compared to that of gold because of the smaller market, lower market liquidity and demand fluctuations between industrial and store of value uses.
- The price is systematically manipulated BIG TIME ( JPMORGAN example and off course, my Chicago friends at the CME , Merrill Lynch and COMEX also etc etc - probably even the Bogdanoff brothers 😱🧟)
- This is no Gamestop for any retail investor group to be able to play with. It's too big.
- Long-term Cycles in Silver: academic research did not find any clear evidence of silver price suppression. Moreover, when we look at the long-term behavior of silver prices (see the chart), we see clear cyclical patterns, not a permanent downward trend (or even a flat line).
Thus:
I expect the price to rise and I have the patience to manage my positions on Silver and also on AGQ, accordingly.
That's me. One love
FXPROFESSOR 💙