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Silverlong

$XAGUSD - Wait for a triangle breakout and longHi guys! 👋🏻 🔔 Silver is one of the assets to watch ahead of FOMC Meetings and Fed rate decision. Do not expect the Fed to change the rate, however will pay a lot of attention to what Chariman says. DXY is holding above 90.400 support and any positive phrase could bring the DXY to 91. 🔔 On the other hand, VIX is up 16.20% and above the dynamic support of October 20, the volatility is supported by the upcoming FOMC meeting and projections, the clarity which is expected from the Biden administration on economic plans, stimulus bill's value and date and of course the Covid-19 cases which hit 100M Worldwide, UK deaths hit 100K. 🔔 As of now Silver is testing an important support of the triangle pattern. Breakout of from the upper edge of the triangle pattern will get the price to $26.50, and above that to $27.70. 🔔 If breaks below than look for a support at $24.54, if the price remains above that, it might form an inverted head and shoulders pattern and jump to $27.70 from there. 🔔 Note that the latest drop of January 18 is slightly below the 0.618 level of the uptrend, hence there still is a hope that silver will go further. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAGUSDLong
by azizelliott
SILVER for ATH 🦐SILVER after the rejection of the 28 level retraced until the 0.382 Fibonacci level inside a channel. The price tested this week the upper trendline and started a new move inside an ascending channel. IF the market will break above we can expect a new ATH test during the next few trading days. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. Leave a comment that is helpful or encouraging. Let's master the markets together
SAXO:XAGUSDLong
by InkyGrip
18
SILVER is Cinderella Gold 💇🏼✨Our updated Silver chart might be giving whoever missed out, a good entry point. We were expecting the rise for a variety of reasons and entered at a GREAT time : Silver is FAR away from it's all time highs, which makes no sense to us. Gold is almost at all time highs which does make sense to us. Silver is also called the 'Cinderella Gold' and maybe it is time for Cinderella to shine.🦢💇🏼✨ 50$ sounds better for this lady than 25 or 30...100$ would be a wild dream, let's make dreams happen. ps. Wallstreetbets mode also ON , here on Silver battleground ps2. don't forget about AGQ- Silver ETF on steroids
FX:XAGUSDLong
by FX_Professor
12
SILVER Long 225%: Cascading Cup And Handles - $48 TP1 - $96 TP2Silver has just hit an 8-year high after breaking $30.00, driven by retail investors on Reddit and Wall Street Bets on what several sellers are calling "unprecedented demand for physical silver." A set of cascading Cup and Handles with a final target price of $96.202 has formed on the chart. The inner cup and handle, inside the handle of the larger cup and handle, has a target price of $48.087. Should the inner cup and handle pattern complete and hit its target price, a 42 year old cup and handle pattern forms which has a target price of $96.20 The Overall performance rank (1 is best) for the cup and handle pattern is 3 out of 39. It meets the target price 61% of the time. For more information on trading this pattern and the statistics behind it see: thepatternsite.com Disclaimer: This is not trading advice.
FX_IDC:XAGUSDLong
by alexhiggins732
1
Silver to THE MOONIf we breakout of this - lights out. $35 is coming and then higher. Ton of macro reasons to buy it - I truly think silver is under valued. Did you ever ask yourself why in the world is Gold and Silver doing so poorly in an environment when it should thrive? Rates are low, ton of money supply...? WSB is pumping $SLV already. Will they succeed? - I don't know. Silver is a much much bigger market than GME. However... There are ton of macro guys scratching their heads trying to figure out why are metals not moving. Rumor has it that JPM is keeping silver price low via paper market. WSB wants to squeeze the F out of them. Bullion dealers are out of physical stuff. How do I know? Go on APMEX website and read in red "Due to unprecedented demand on physical silver products, we are unable to accept any additional orders on a large number of products, until global markets open Sunday evening." Why? They need to see what futs do. If this plays out and we break out of this pattern then the buying pressure will come from: 1. Technical traders will be all over it. 2. WSB gang will double down which would send it into a self feeding loop. 3. Macro guys will jump (most of them are already in) 4. Peter Schiff will have an orgasm and he will pump it like a maniac 5. EV demand will put more pressure on it. 6. More crypto adoption = more silver demand. 7. Silver is used extensively in the production of solar panels.Biden and his gang is all over renewables. 8. Medicine loves silver. Silver kills germs. 9. We require more and more technology. SIlver is used in printed circuit boards, cell phones, computer chips, keyboard membranes and so on... 10. I can find another 100 reasons why it is a metal that will be more valued than gold. Probably can make the same case for ETH!!! It is not a crowded trade yet. I got stopped out from my last position but I am becoming increasingly more bullish on it than on any other asset class.
TVC:SILVERLong
by bossmodetrader
271
Silver & The Golden Setup - Are You Ready??I've been bullish on Silver for many years now, but especially since the March dump. On the lower Time frames, it's easy to get caught in the short-term moves, but we periodically need to zoom out and see the bigger picture. This chart is a yearly chart that shows us a beautiful CUp & Handle pattern that has a "potential" target of $100. We don't know how long it will take to reach this target, but it would be wise to keep this bigger picture in mind and see where this market is headed as this economic shift plays out. Remember, stay level headed and don't get caught up in the crowd mindset.
TVC:SILVERLong
by CryptoSyphn
2
My long-term outlook on Silver SLVThe chart is pretty much self explanatory and very simple to understand. I pretty much see silver as a good investment whether if you buy shares or you own the commodity out right. This would be my ideal scenario for silver to climb to all time highs by 2022. Break and hold over $27 would open up a climb to $50. This could also happen much faster based on global requirement to hedge the falling value of fiat. Silver is also a material that is used in some of the fastest growing emerging markets of solar power, electric vehicles, smartphones, green energy and much more. This move in silver could be similar to what you saw in GameStop. Be sure to do your own research and see if what I say make sense to you!
AMEX:SLVLong
by krobby
$SLV $PSLV $GME 2: Infinity Squeeze- Gamma squeeze of silver and silver futures is possible. - Key is that the supply of underlying is only a fraction of the future contracts being traded. - If enough contracts are physically settled, there will not be enough underlying, and this will squeeze the price. - In essence, the silver market will be cornered. - Up against JPM & co. Tough competition. I like the stock PT: 75 SL: None “We choose to go to the moon, not because it is easy, but because it is hard." -JFK
AMEX:SLVLong
by UnknownUnicorn1043646
11
SILVER - $1000 might be too far, but can it hit $50?SiLVER has been consolidating for years now, ranging between 13 and 20 USD. We can see a GOLDEN CROSS in May 2020 on the weekly timeframe, which marked the beginning of the current uptrend. SILVER break through 20 to 29.83 in August 2020 and recently got a nice support, bouncing up from 21.5. Previous ATH: 48 in January 1980 49.83 in April 2011 It is unclear if SILVER can go up to $1000, but if is would be able to find support at 27, it could possibly reach 31.1 and even try to break previous ATH, climbing above 50 USD / OZ. Who knows what next? Would be very interesting to see SILVER in action. Going long here. Expect heavy volatility! Not a financial advice, do your own research!
TVC:SILVERLong
by ArchiTrader80
6