Silverlong
Silver, Clearly a massive breakoutSilver broke out of a huge multi month basing pattern on massive volume. Last weeks trading volume was the equivalent of 5 years worth of production. The resistance was $19. I expect it to cool off here as August is a cyclical weak month. It will probably retest the break out level. Long term very bullish set up.
XAGUSD SD Analysis Both Gold and Silver are looking quite bullish, In this Idea I will wait for the price to drop from 17.42-17.60 area to 16.46 area where I am expecting a new demand zone. Once a demand established I am expecting price to carry on the trend up to 18.70 area.
Disclaimer: This is not a recommendation or trading signal, it's just an idea for educational purpose, make your trading decision at your own risk and seek independence advise if necessary.
silverHello traders, here is the analysis from our team :
We feel; These area's. Will give best results for scalp buys, Or Sells.
#1 Sell @ ooo
#2 Buy@ 23.080
* Futures sometimes run in one direction during Day. *
So. If no Momentum, Or pullback in these area's for 7/27/2020.
Void trade. We like 130 pip Sl/Target. Take profit 5 to 130 pips, Move
STOP LOSS UP WHEN YOU CAN.
Let us know in the comment section below if you have any questions.😉
Let us know in the comment section below if you have any questions.😉
SILVER Potential 10% Short term !Hello fellow traders!
As you can see today we have a current opportunity in our prospects. However we patiently wait with our orders untill it will be filled at the right time in order to catch the breakout!
Right now gold/silver ratio is decreasing also creating momentum on the silver side.
Let me know if you have any ideas or like the contont, it would be highly appreciated
XAGUSD (Y20.P3.E1).Go Long with silverHi All,
With the current climate of the weakening dollar due to the massive fiat printing press, as well as other reasons, clears the way for other currencies to gain ground. Eg the EURO gaining ground on the dollarr.
Its time to buy silver and go long.
The chart does explain the 2 targets I see for going long.
Cheers,
S.Sari
Mining on The Run - GPL Looks Good AgainI invested in GPL as it was an essential mining company for precious metals. Considering the price of precious metals are skyrocketing, so are the mining companies stocks. Great Panther silver has recently turned from a down trend to an uptrend. Just waiting on a retest of a trendline or a fib level before I sell some indecisive stocks and place them on GPL.
SilverBuy Silver using three Trend lines yellow, green and red trend lines . Buy at 19.3 price near the green line .Target of 19.98 around 3.51% - Yellow line. Stop Loss is the red line around 0.45% If it starts breaking the red trend line . You can also take a Short Position when it crosses red line. . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 0.45 % there is an upside of 3.51%