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Silverlong

$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
Silver is the latest market boomYou probably know what happened to GameStop. The new instrument that has aroused the interest of regular investors is silver. Yesterday we saw a rise of almost $ 2, but immediately after that the price fell off. Today we have the opportunity to see a new rise. Confirmation will be exit from the triangle and a break of the previous peak. Expectations for higher values can be very high, but the initial targets for silver will be 27.36 and 28.42! 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
4
XAGUSD is approaching support, potential bounce Price is facing bullish pressure from our pivot, in line with our graphical swing low support, 61.8%, 100% fibonacci extension and 61.8% fibonacci retracement where we could see a bounce above this level to our resistance level at 25.7448. Failure to hold above our pivot level at 24.8266 could see a swing towards our first support target at 24.3984. Pivot: 24.8266 Supporting Points: graphical swing low support, 61.8%, 100% fibonacci extension and 61.8% fibonacci retracement 1st Support: 24.3984 Supporting Points: 78.6% fibonacci retracement 1st Resistance: 25.7448 Supporting Points: Horizontal swing high resistance, 78.6% Fibonacci retracement Trading FX & CFDs carries high risk.
SAXO:XAGUSDLong
by M4Academy
Silver- buy dips for a break of 26As always, Silver is showing a more clear picture than Gold... On Monday, similar to Gold, we have a false break of support, marked here with a strong reversal Pin Bar on H4. After this fake break, Silver re-entered its familiar range between 24.50 and 26. Yesterday the intraday spike on Gold also affected Silver and bulls managed to keep 25 important zone intact. At the time of writing Silver is trading at 25.90, just under important 26 resistance. I expect a pullback from this resistance and this can be a good opportunity for bulls to buy dips for a break above. This outlook is valid as long as 25 remains intact
OANDA:XAGUSDLong
by Mihai_Iacob
6
AGQ - Lose a thousand or make a million🍒💰My favorite ETF to buy. Why buy Gold at almost record all time highs? Why trade Silver futures with a high leverage that can bit me in the ass in a single day? I prefer to buy the ETF and trade it like a share✔️, thus no expiry on a CFD✔️, no huge leverage✔️, no expiry means i do the broker no favors✔️ For this trade alone I have an account on a broker just for this one, yes only this trade. I deposited an amount I can lose without crying and I do 2 things: I buy it and I compound the profits. If Silver goes to 50 again then this should go to 700s again like it did 10 years ago. If that happens, the broker will be in pain. My favorite people to hurt (financially) is the brokers.. as you all they can afford it. Risk to reward with a leverage of 5 and compounding is 300 to 1. I take this trade 20 times if I have to (this is actually attempt number 3😉)
AMEX:AGQLong
by FX_Professor
19