Silver - Look for a buy signal nowAs shown, Spot Silver on the daily chart is trading near crucial support at 15.85-16.00 (Horizontal support). Daily chart shows double positive divergence. Also, Dow theory sell confirmation would be only below 15.85.
In a nutshell, as long as above 15.85, one should look for a reversal sign to go long with strict SL. Risk-reward looks awesome here!
Silvercharts
SilverI've noticed a key are for silver has now been broken and we are still above the price of 16.800. This coincides with our 61.8% fib re-tracement and we are still creating higher highs. Price is also now above my weekly support zone and I do believe Silver may push through possibly back up to the 17.800 area. We have my weekly resistance at 17.200 which I believe will be broken , however I feel we may need some sort of outside news or fundamental to push Silver back up to the 17.800 area. This is only a short term projection as Silver Overall Im still Bearish for he Bias.
Silver & Gold- Both for Buy SetupFrom 13.51$- Silver completed its 1st wave at 20.81$ & has been doing very choppy move since that top & most likely to complete this correction at 61.8% of 1st Green Wave in the zone 16.20-16.30 $ range -if that zone holds then most likely Silver should move sharp upside.
Gold -looking for 1300+ Move in coming days
Gold pushed 100$- but later as it evolved & did not move above 1348$ which was expected to continue for 1377$-I took that as b-wave in yet to complete Y-wave
THE UGLY STEP-SISTER PART 2We are currently in a strong bull channel for silver, leading towards $20.
I still believe silver will be the stronger performing PM by % over the next few months.
Although we ended in the red today, the fact that there was such strong support at the $18 level is a very good sign for bulls. MACD is looking to cross here on the 1D.
Silver: Long strides aheadThis is an update to the revision of my Silver analysis a small month ago. I will try to do more frequent updates from now on.
Yesterday's and today's price action leaves, in my opinion, zero doubt that we left behind a long-term market bottom. I think the large ABC correction is behind us. The market found support at the trend line that was established earlier this year and the 200 SMA. If my analysis is correct, then we could now be at the start of a huge 3rd wave up. The first leg took us from a little less than 14$ per ounce all the way up to a little more than 21$ at the top.
Look for stabilization above the resistance line I drew; this could provide a very lucrative long-term long position!
Trade with care and always respect your stop-loss!
THE UGLY STEP-SISTERI made the poor choice (captain hindsight), to long silver miners (point A) instead adding to some of my fav gold miners (AEM/BTO).
My rational behind this was I truly believed that silver had bottomed at the $17 level (which has proved to have been correct so far), and that it would bounce back over $18 in the next few months (which it is still on track for). I had also believed that because silver has an actual use in this world (compared to gold), that it would be the stronger PM by % in the next handful of months (which is still a possibility).
However, my silver miners have been lagging behind my gold miners significantly, causing me immense frustration over the past few weeks (perhaps I have the wrong stock, I don't know). I still have hope for silver to start catching up to gold's %'s on the year, and having this trade pay off.
It is currently making higher daily lows on it's current trend-line, however it really hasn't made any significant moves. I believe that we potentially see 18 this week, depending on whether or not silver continues it's bullish momentum (RSI rising), and whether or not we catch some help from the NFP report on Friday (or some more help from Clinton). I believe it will continue to move up along this trend-line.
Will silver change from the ugly-step sister and become Cinderella? Stay tuned...
Magnificent high leverage CAD JUNIOR SILVER minerAurcana Corporation is a Vancouver-based company whose shares are listed for trading on the TSX Venture Exchange (AUN.V). Aurcana owns the Shafter Project, a silver deposit located in Presidio County, southwest Texas. The Shafter Project was advanced and substantially built prior to being placed on care and maintenance in December, 2013.
vimeo.com
The American Metal Co. of Texas acquired the property in 1926. Operations ceased from July 1930 until 1934 due to low silver prices. By 1940, the quality of the ore was 10.7 ounces of silver per ton. The recorded production of the Presidio Mine between 1883 and 1940 was 30,972,286.15 ounces of silver. Production from 1927 to 1940 alone was 11,809,163.8 ounces of silver , 5,406 ounces of gold, and 7,678,049.8 ounces of lead. (Ross, Clyde (1943). Geology and Ore Deposits of the Shafter Mining District, Presidio County, Texas (USGS Bulletin 928-B ed.). Washington: US Government Printing Office. pp. 45–125.)
The Company recently announced a resource estimate for the Shafter Project and has completed an in-house review of the historic database and exploration potential.
The company is led by an experienced, seasoned management team that includes mining, legal, finance and geological professionals. Aurcana is committed to deliver maximum value for its shareholders, stakeholders and employees.
Silver going down? Need advice for learningCan anyone help with this? I am just trying to learn: do you think it's reasonable to say that looking at MACD orientation, and RSI overbought, silver will go further down, or at least not break up through the triangle (as I expected) ? What's your opinion? Thanks!
Silver update: Final E leg reaching an endSilver seems to be in the final E leg of that 4th wave triangle pattern (ABCDE). I take the surge we saw this Friday to be a B inside an ABC correction. The final C leg can go as low as $18,50, but I do not think it will go that low.
Note that the orange in the chart constitutes the highest scale, followed by white and green.
Settling above the $20 mark is a strong sign that the correction is likely over and I would assume it to be a signal that the bull is alive and well.
Silver's fight into the official bullmarketSilver has managed to cross the bear-market line and it is now also working to break the ICL neutral line.
Sustaining above the red level officially put silver in a bull market and it will lead the way for gold into the official bull market. This will lead to a rally in silver.
Then one can say that the bull market in precious metals is officially "ON" and say that it started in December 2015.
Potential 222 Bearish Gartley (H4)This is a Bearish 222 Gartley on Silver . Yes Harmonics work on Metals as well. My entry point for this Gartley will be at 20.423 right before the 20.50 Major Half. Quarters Theory works better on metals so that would be the perfect entry for me. This is going to be more than a 1:1 trade so i can not complain. With that being said good luck and good trading.
Silver Long Will Make Us Profits FastOn Monthly Chart Silver Looking Nice To Buy Because Of The Downward Channel Or Wedge Breakout
Reasons To Buy
Downward Wedge Breakout
Possible Reversal Onto Bullish Direction
Pullback To Entry Point Nice Time To Add Onto Position
Upper Trendline Breakout With Bullish Volume
Bullish Divergence @ The Bottom
Silver Bullish Is All Over The News
Indicators Are Turning Bullish
Strong trend Reversal Pattern Formation
Moving Averages Coming Near Good Sign
Best OF Luck
Close Watch on Silver 16.42Silver currently trading near the level of 16.25, If Silver holds above the level of 16.42 which is the 100 days MA we short for a short term upsurge very quick to the level of 20.70. Currently facing the resistance zone of 16.42. Any close above it shall see a rocket to the above said levels.