Get started

Silverlong

Bullish Divergence Sets Up a Buying Opportunity for Silver!Silver (often traded through SLV/PSLV ETF's) has had a busy week! After getting pumped to 10-month highs on Monday, we saw sellers attack price relentlessly for 2 days. Today, however, was different. Back at old-resistance/(new support?) from 2020 at $24.50-$25 on SLV, we are seeing a basing pattern with hidden bullish divergence on the cumulative volume percentage indicator (lower lows on indicator, higher low on price). This suggests sellers have been more aggressive than buyers, yet price has not dropped further as a result, suggesting there are opportunistic buyers accumulating at these levels. This offers a unique trade opportunity to the long side. If SLV can hold its low of the week (or at least not close a weekly candle below it), it provides reasonable reward-to-risk for a 50-62% retracement towards the highs, and possibly a gap fill. Note how CCMI (or your momentum indicator of choice) is rotating back upwards, approaching the zero-line on the 78min chart (no using hourly charts for indicators on equities or ETF's! Every candle MUST have the same amount of info for indicator readings to be valid!). I expect we see some bullish momentum into the end of the week. Buying a breakout over Wednesday's high or even after a dip under the low that is supported by the daily 50 sma (not pictured, currently at 23.52) makes a LOT of sense.
AMEX:SLVLong
by Red_Ben
Silver- To maintain its strong bull trendAs I said in a lot of my previous analyzes, Silver is more bullish than Gold and although XauUsd lagged and stayed under 1900 and weel under its all-time high, XagUsd spiked to reach 30. As normal a correction followed and Siver dropped over 15% to 26. From a technical perspective, the structure remains strongly bullish and 26 is strong support at this point. My strategy is to buy dips towards this support and 30 can be the target in the medium term
OANDA:XAGUSDLong
by Mihai_Iacob
10
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!
NYSE:AGLong
by HotCharts
$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!
SLong
by Bullwards
5
SILVER $SLV $PSLV #SLV #silver #silversqueeze Technical View- We are breaking out of out of a 40 year old cup and handle. - This is a pattern that is very familiar to me: The symmetrical wedge on the bull flag. - To me it signifies an accumulation/distribution/ascendance cycle and I have traded it to great effectiveness in PLTR and PSTG: - I believe that we are breaking out to make new ATH's, because of the strength of the bullish trend, even through the massive shorting. - The strength of the upticks, even after the harsh rejections is shocking. - This price action has yet to factor in the scarcity of the underlying on the market, and when this is priced in, we will begin true price discovery. - It is only a matter of time... time I have to accumulate. Check out my fundamental analysis and speculation in the comments.
TVC:SILVERLong
by UnknownUnicorn1043646
3
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 💙
FX:XAGUSDLong
by FX_Professor
1
XAGUSD is approaching support, potential bounce. Price is facing bullish pressure from our pivot, in line with our graphical swing low support, ascending trend line, 100% fibonacci extension and 38.2% fibonacci retracement where we could see a further upside above this level to our resistance level at 29.6899. Failure to hold above our pivot level at 28.0565 could see a swing towards our first support target at 29.6899. Pivot: 28.0565 Supporting Points: graphical swing low support, ascending trend line, 100% fibonacci extension and 38.2% fibonacci retracement 1st Support: 26.6885 Supporting Points: Horizontal overlap support, 61.8% fibonacci retracement 1st Resistance: 29.6899 Supporting Points: Horizontal swing high resistance Trading FX & CFDs carries high risk.
SAXO:XAGUSDLong
by M4Academy
The uptrend in silver continues!Last week, the opportunity for silver came true. Now the price is in a similar situation. After reaching $ 30 yesterday we saw a correction. We are now looking for its end for new entry opportunities. The expected resistance levels are in the area of the previous peak - 29.85 and in case of a breakthrough 30.82. Fundamental grounds provide opportunities for higher values, so be prepared. Some brokers are changing their margin requirements! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
FX_IDC:XAGUSDLong
by ForexTrendline
2