SILVER - so close to a huge breakoutSILVER is on the last ersistance from a 10 year old bearmarket, if a weekly or daily candle closes above it and confirms with a retest, silver is going for an epic rally to the upside !
Silverlong
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!
30%+ move up coming soon.Silver miners are breaking out and silver prices are following.
I'm quite long First Majestic Silver (AG) and think silver is a killer investment still as we haven't made new highs yet.
1st Target = $36.23
2nd Target = $49.60
SILVER - Time to go where it belongs?In my opinion it belongs in the range of 4- to 50$
If Gold is close to all time highs then how can Silver be at half of what it was almost 10 years ago?
I have been buying silver from time to time and doing again the last few days.
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!
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Is this the bottom?As you can see I have two possible view about PAAS. I'm bullish on silver and PAAS should be one of the main actor for the next silver miners bull-run.
Will be silver the new target for Wallstreetbets community?
This is not a financial advice.
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.
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
Silver strength signalsA decent HL after a breakout & successful retest for last resistant
may targeting 30 - 30.3
DXY possibly set for a -30% decline Double top. 100 weekly MA bear cross, last occured 2001. Major RSI Divergence on weekly. This is set for a major drop. Expecting Bitcoin, Silver, Gold to fly this year. Although BTC has the best thrust power.
XAUUSD 24.60 - 24.00 High Demand zone Initial Target 26.50Silver between 24.60 to 24.00 high demand zone for long. 18th January daily bar is key reversal bar indication for bullish momentum in silver ahead. May buy with small risk add more on dip by dividing risk on multiple trades. stop low below key reversal bar low.
Long Position on SilverFirst target is that point. And I expect exponentially increasing till 26.4. Good luck! That's only my expectations , please be aware of that :))
Thanks for keeping the feedback coming 👍 or 👎
Happy Trading!
Stay Awesome!
Buy SILVER NowSilver is currently at $24.75, it is an incredible price to go in and buy for the medium-long term.
Its current fall is due to the appreciation of the dollar, which this week has appreciated considerably, causing both gold and silver to fall. This doesn't mean that we should be alarmed and think that this will continue, the EURUSD is currently in decline, however the trend is still upwards.
Silver going upI believe price is about to move up. If RSI close above 50 and 12period on MACD (blue line) crosses above the 26period (orange line), price can move quickly up to 26.05.
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😉)
XAGUSD: SILVER BUYING OPPORTUNITY COMING-UPIF SILVER CORRECTS as expected , ...PLAN to BUY LONG
Short-Term = Short, ....
Mid/Long-Term = LONG
SILJ flashing a 73% moveIf banks don't dunk on Silver Spot, we could be seeing a big move coming for the Silver Juniors in the coming weeks. Look for SILJ to post a higher low on RSI and stay above that channel. Strong volume on a green candle will go along way towards confirming.
