Silver Finally Breaking Out?Silver is breaking out of a long term resistance level, if we can close above this level we should see a significant move higher.
Silverlong
SILVER - Get Ready, Rally is Roaring!Consolidation could end imminently resulting in another beautiful upleg.
THE RSI elegantly pulled back on the 50 level, giving it a strong positive momentum to rise.
You could also consider investing in the main silver miners to get better leverage on your investment. My favourite picks are Mag Silver, First Majestic Silver, SilverCrest, Pan American Silver, Alexco, FOrtuna, AMS Gold & Silver.
This is a great buying opportunity.
Gold No Silver yesAt the time of writing, gold was holding on above $1,800 an ounce with August Comex gold futures trading at $1,808.30, up 0.25% on the day. After a brief dip below $1800 an ounce on Thursday, the yellow metal has once again bounced back up and is now targeting the 2011 record-highs in USD-terms. The COVID-19 pandemic continues to devastate the global economy. The 60,000 new cases on Thursday in the united states which is a new daily record high would seriously impact the reopening phase of the global economy and we could see prolonged lockdown in other countries based on the U.S. experience. Going forward we do not see any prolonged correction in the precious metal sector as the general situation is clearly bullish for gold and silver. Aggressive monetary policy easing, ultra-low interest rates, negative U.S. real yields, fiscal stimulus, subdued U.S. real yields, stubborn risk aversion, and the technical outlook all are supporting gold prices at the moment.
SILVER IDEA 2020 - 2025Silver looks to be breaking out of a shorterm downward resistance and has recoved from a false breakdown of the primary support line. It looks to me as if the next target will be $21.25 before a pullback occurs bouncing off the converging lines, before a breakout to $26.25 and another consolidation before reaching new highs of $50 and beyond later in the decade.
GPL Long ideaGPL is a silver miner. It looks to be moving higher out of a downtrend. I think its fairly obvious being above the 200sma. Good buy here.
Silver showing some symmetryMinor trendline is best zone for buy
Wedges can be seen to be displaying symmetry within Head and shoulders pattern.
Silver break out like gold?could we see silver breakout like gold? We broke to the upside of the wedge and are retesting the top
SILVER long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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 as I do, please write it in a comment so we can manage the trade together.
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GWBFX
Silver is on a buy signal until July 27th.Silver got a strong close above 17.80, which was a point to look for according to my cycles. It is on a BUY signal and the cycle is up until the 27th of July. Furthermore, following my observation using studies of William Gann - Silver never traded on a bearish price angle since the March crash, which is important to keep in mind.
In the last trade I made a crucial mistake with my sell stop and it was caught exactly and the price didn't go any lower, this is typical for Silver traders to have their stops caught this easily, since the market (these days especially) is very volatile and experiences periodic washouts without influencing the main trend.
We can expect the price to reach 18.60 by tomorrow, 19.0 by the end of this week and 20.50 in the period of the next two weeks. Also, once the price reaches 19.0 it will be safe to add on to your position, since it is an old high (once crossed much higher prices will be reached). The stop loss in this case is manual. However, a CLOSE below 17.55 will cancel the BUY signal (temporarily).
This idea will be updated and commented by me in case of adjustments. It will be closed once the PT is reached or once the BUY signal is cancelled.
If you have any comments/ideas/points of criticism - please do write it down below, I will be happy to discuss.
Update: Still Bullish Silver still has a long way to go! 2 key resistance levels to keep an eye out for(#1, #2) & Silver is still current within a rising wedge(#3).
Something To Be Consider: There is a good probability that Silver might repeat what happened in March due to another Economic shutdown of Businesses so set your STOP LOSSES just to be safe! BUT... Silver will recover just as fast so no reason to cause 'FUD'.
Enjoy The Profits Guys :D!
Silver bullish ScenarioHello Traders,
Today we'll take a look at silver on a 2 hour chart. Personally i think we are still on a bullish trend, i see a possible triangle formation as wave 4 or a double correction (WXY) I expect market to go about 19.560
Thanks.
Silver .... more glitter ... ???Weekly trading Range....
Last Close : 17.750
Bounce back zone : 17.404 and 17.267
Expected trading range : 17.997 to 17.404
Breakout above : 18.0460 bulls in control
Bullish view negates below 17.000
Hi Ho Silver!!!Silver historically has followed gold so according to this chart we should see a massive spike in silver over the next couple months... Past performance is not indicative of future results but this is as close as it gets.
Silver hits and fails to break the area of strong support. Silver got rejected and did not break the line of support and is already rebounding. RSI shows a potential up move as well. The near term price target is around 18.40. Keep a sell stop just below 17.60.
🤔 Does Silver & Altcoins Share The Same Patterns? 💰 LET'S GET INTO SOME SILVER & TOTAL2 ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Comparison Study)
The top chart is total2 which represents the market cap for altcoins in the cryptocurrency market on a monthly timeframe. The bottom chart is silver on a 3 month timeframe. We hear a lot of the time how bitcoin is the digital gold and I found it funny to identify a potential comparison for the alts to silver, which is like gold alt. Notice that crypto does move in faster cycles compared to traditional precious metals. I thought It was funny that both are compressing in almost the same sideways range after a major correction for the first initial all time high run. Just thought I'd share this outlook and think it shows a brighter future for both assets once we breakout of this range for the next run. Would love to hear what you think about the comparison.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
Discovery Metals - Great Silver Explorer to WatchBreakout of the $0.7 resistance signaling the continuation of the uptrend.
Pitchfork levels work perfectly with this configuration.
Fresnillo breakout!Fresnillo is now off to the races to 1065 before it hits the next resistance level. I would then expect to go back up to 2016 highs once silver breaks out of its descending channel.
Fortuna Silver Mines - Long Term PitchforchRSI & stochastics are positive.
This is a great long-term play to get leverage from rising silver prices.
Silver for 19... Buy limit 17.77Silver for 19... Buy limit 17.77
Stop 1740 with tp towards 18, 1830 and 19.
