Silverlong
GOLD/SILVER RATIO UPDATEThanks for viewing,
Initially posted in 2019.
I was a buyer of silver bullion since silver crossed the 80 mark. That included adding significantly to the holdings during the steep drop earlier in the year.
It hasn't always been a comfortable trade, but it has worked out rather well to date.
What I expect next is, despite continuing tail-winds for bullion, the G/S ratio will head back towards the 50 line of the RSI/MACD. So both gold and silver will continue to gain as the money printing / negative nominal and real yields on bonds / geopolitical uncertainty / record-breaking government deficits / shortages of physical bullion etc environment continues (I expect at least 4 out of these 5 conditions to continue for at least 5 - 10 years). Silver will continue to gain at about a 2:1 ratio to gold despite overall % gains slowing down somewhat for a time (smaller, less liquid market). So the G/S ratio will level-off for a while before head further down - I HOPE to 45 or below - at which point I will sell silver and purchase (more) gold.
Silver is a swing trade only as a way to gain more physical gold. I have actually bought my first silver ETF this week (my silver holdings are less than 1% ETF and gold is 0% ETF). Sorry I digress, I a strong aversion of bullion ETFs and would be very uncomfortable with any significant portion of my bullion allocation being in ETF form - if you don't hold it in your hand, it isn't yours). Gold isn't a trade and I would be unlikely to ever willingly part with it and will probably continue to add to holdings (even at much higher prices) for a very long time. Gold is unsurance, money par excellence, and the best way to hedge holding a weak base currency.
If it all works out I will end up with well over twice (by weight) the amount of gold (almost 3:1 for some purchases earlier in 2020), as compared to the amount of gold I could have bought at the time I purchased the silver. I'm just using silver as leverage against gold. Medium term, an $80+ price is on the cards (yes I know that sounds rather speculative right now) and at a 1/45 ratio that would imply a gold price of only $3,600 an ounce. Remember both BofA and Goldman expect a $3000+ gold price before the end of 2021, so my trade could realistically be completed in 2021-22 (I set a 2-5 year time horizon on this trade in 2019). On a bit longer 5+ year time horizon, $5000/oz gold is more likely than not at the moment. Of course, that implies a significantly weaker USD - but we are already starting that journey as well.
Protect those funds (and your bullion).
XAGUSD REVERSAL FOLLOWING SILVER FUTURES? LONG!Pinging the .38 on the 3h.
I do believe that given the state of the S&P and the American political climate, we will continue forward as money flows out of equities and into safe havens.
The horizontal lines are where we tested the 180 period MA and we look to have rejected it, for now.
Caution : Silver is notoriously manipulated by investment firms / banks / hedge funds. Shakeouts are likely on the way, be wary of the 22 zone.
Live long and profit, and best of luck.
SL! SILVER FUTURES MAKING A POP? LONG!On the daily, it is clear that the 50% fib was tested and is currently ( hopefully ) rejected!
I expect a very large run in $SLV tomorrow as well as mining companies. Provided this bullish engulfing candle does not pull back VERY harshly, I think this is the continuation we have been looking to see.
As always,
Live long and profit.
Silver analysisSILVER ANALYSIS
1-Silver trend to move along with safe heaven king GOLD
2-In recent days silver is outperforming the gold interms of daily % of gain/lose
3-Its moved an average of 4-5% a day
4-Yesterday range is almost 8% for a up and down rally
5-Currently it's trading at the recent trendline support level which will further attract the buyers and it has room to to rise as compared with GOLD
6-23.774 would be a next support level to watch as its coincide with 38.2% Fibo
SILVER - What Next?I am interested in Silver after it broke the small descending trendline marked, I believe the price will range within the zone marked before we get a clear breakout either way. I have made sure to mark the key levels I am interested in and potential positions you can consider once they are broken.
According to COT data source - 57% Long
SILVER on a monthly resistance (M/W/D) 🦐SIlver on the monthly chart has approched a huge monthly resistance, price hit the 30 area and got sharply rejected below.
On the weekly chart (low left) we can see that after the spike in the rejection bulls gain again power.
On the daily chart (low right) price started a tight consolidation between the monthly resistance and a daily support.
We can expect the price to carry on the consolidation range before a break for new recent highs.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Silver in to new highs again! After this really long bear market, I am super bullish on SIlver... have been since 18$
The GOLD/SILVER is going to shit...
If I'm correct we might hit 300$ on Silver eventually...
It has not been corrected to the new inflation, and that is what I'm waiting for now to happen!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
SILVER LONGING FOR LONGS. UPSIDE POTENTIALSilver has been in correlation with the famous metal Gold in anticipation for inflation due to the covid pandemic. It continues to be a form of hedge together with BTC and other precious metals. As DXY continues to devaluate due to easing/ money printing of trillions of dollars to save the economy, it will continue to further itself from its intrinsic value. This causes investors to flee from holding bonds, cash, and other forms of inflationary assets.
SILVER !!! EXPECTED TO GO LONGYo Traders,
Silver has been an uptrend for quite sometime and is now forming a symmetrical triangle. With the dollar weakness continuing silver is expected to go up further.
Lookout for break out of this symmetrical triangle and going long on silver
Lets wait and watch
Thanks
Madtradex
SLV and silver continue weekly bullish trendSLV needed to close above the $24.90 higher low of last week today to continue i's bullish trend on the weekly chart. Nothing fancy here, simple upward bullish trend. Yesterday Feds promised inflation which is the ultimate bull signal for precious metals, when considering phys demand remains very high and supply is very low in the US, falling dollar, and China and other countries starting to buy electronics again, all signs point to continued rise with expected small pullbacks due to bank manipulation of the COMEX/ETF.
I suspect silver, SLV and most mining stocks will out perform gold here on out since it is still extremely undervalued. As inflation rises, silver, the poor man's gold will have continued retail interest in physical as well as ETF's
See my other charts for support and resistance levels, Fib levels Fed policies, and other analysis...I have been adding on every pull back and now just hanging on for the the ride up to $50 with $45 Jan calls. Don't miss the boat.
SILVER must GO UP!Hey tradomaniacs,
looking at silver we can see a very nice contraction which is ending with a breakout to the topside.
DXY is really weak and continues to push metals such as gold and silver!
A breakout here would give us an awesome chance to buy - As always with low risk as the market can be unpredictable.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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