Cycles and Sentiment may no Longer Matter - SilverWatch video for more detail on the trajectory for silver's next move
EDIT: in the video I said "convert unleveraged to leveraged"
I mean to say take profit on leveraged positions and convert to unleveraged accordingly depending on how quickly we approach 35-40
Silversqueeze
Silver Breakout Likely within Weeks - 32.75 Line in the SandSilver approaching 32.75 level after completing a corrective move this week.
37.75 is the line in the sand. A close above this level will confirm a historical breakout.
35 is almost certain and 40-45 a possibility before undergoing a larger, intermediate level correction.
Watch for more detail.
Lower rates means Silver to 40?The US dollar is trending lower.
Rates are expected to be lowered.
Unemployment number rising.
Presidential election has candidates talking about give aways.
War is still happening.
China is in deflation.
Banks are seeing credit card delinquency's rise.
There are 2 "technical" patterns implying a 40 ish silver price if we continue to break out. And remember all times highs are at 50 ish.
The recent weeks price action is encouraging and is implying breakout higher.
twitter/x is full of "silver squeeze" chatter again. good to see the buzz start up again.
Be safe.
Silver Idea - $100/oz by the middle of 2026It's quite simple really. If we are in a precious metals bull market, signaled by the most recent breakout in gold and silver, then this is how i expect the next few years to occur in the silver market.
In order for the price to breakout higher, $30/oz is required to be broken first, then $50/oz as the gold/silver ratio breaks down below the indicated 13 year long red support line.
Assuming the arc indicates an approximate timeframe, based on the pattern I'm seeing in the gold/silver ratio, by the middle of 2026 silver should be circa $100/oz. This would only require $3000/oz gold and a gold/silver ratio of 30.
Silver is about to rally hard. Just look to history.Its simple really.
If the silver/stocks ratio breaks out, in combination with a breakdown of the gold silver ratio, money inflows from both stocks and precious metals investors flows into silver.
The last time this happened, lead to a strong silver rally.
At the moment, we just need to wait for the gold/silver ratio to breakdown below the green line, then its off to the races for silver.
Is gold or silver the trade to make this week? This week's trade could be a decision between gold and silver.
The former might be swayed by the seven fed officials that are planned to speak this week, while the latter could be influenced by the #SilverSqueeze movement that is tangentially related to the meme stock frenzy that reignited last week.
Gold Technical
Gold (XAU/USD) prices rose at the end of the week but did not quite test the all-time high around $2,431.
Gold is trading well above the 20 Simple Moving Average (SMA), with the 100 and 200 SMAs maintaining bullish slopes much below it. Renewed buying pressure beyond $2,413 might push prices above the $2,420 mark.
Silver Technical
Silver (XAG/USD) is nearing the multi-year high at $31.40. A significant break at the end of the week saw Friday's sharp rise validate the break above the multi-year trendline. The challenge for the coming week is whether silver can maintain this bullish momentum despite entering overbought territory. The frenzy we saw in meme stocks might be dampening down too, with 2 days of declines following the surge. But it might be premature to count anything out yet.
The 14-period Relative Strength Index (RSI) is in the range of 70.00, possibly suggesting bullish momentum. The next resistance level is $31.50 from May 2011. In this fundamentally detached market, the next support could lie all the way back at where the metal was trading before the surge.
Silver Miners vs Silver SpotThis might be the explosion that will kickstart the silver stocks. This chart is showing a possible W formation that's about to break out... as well as the 25 weekly crossing the 52 weekly, which is usually pretty significant. Lastly, if it can break above the ichimoku cloud, then this ride might take off.
Silver Squeeze Meme AGAIN? Do not get tricked!AMEX:SLV It's that time again! #silversqueeze is trending on social media. This meme resurfaces every 2-3 years CONSISTENTLY when whomever thinks the time is right to take retail traders' money. With Gold AMEX:GLD making new highs they are trying it once again.
Watch my video from 2021 and do the research on Google News yourself! Wait for the price action confirmation that I talk about in this video! Do not get tricked!
COMEX:SI1! COMEX:GC1!
Which is shinier: Bitcoin or Gold? Okay plebs, listen up.
This is the chart I've been using to trade between precious metals and bitcoin, ethereum, and other cryptos. It is a custom chart, adding gold and silver with a modern ratio, doing the same with BTC and ETH, and pitting them against each other. What you get? A smooth chart that obeys technical analysis quite nicely.
And here we have a compression triangle. I drew those dotted lines of the triangle before it pinged them the last 2 times upward and downward, so I know it's legit. And what happens with a compression triangle? When it gets to that last bit like it is now, it breaks out in one direction or the other. The direction is yet undecided, but it FAVORS the direction it was going before the triangle started forming. That is, it is more than likely to break out strongly in the upward direction, favoring precious metals.
This has been building for quite some time, and indicates that the smart money has been rotating from the crypto sector to the PM sector REGARDLESS OF HOW YOU PERSONALLY FEEL ABOUT GOLD. I know, it can be a hard pill to swallow, but hey, the charts don't lie and I'd rather give it to you straight.
Makes sense, afterall, we're in crypto winter atm. At the same time, global economies are unstable, which historically favors gold.
While I believe one day digital gold will shine again, that day is probably a few years off at least. For now, real gold is what shines. Peace yall
THIS IS NOT FINANCIAL ADVICE
Want to know how I trade directly between cryptos and allocated physical precious metals? You'll have to ask me.
Silver Bull Flag breakout into Eve and Adam Bottom ResistanceSilver has just broken out of its bull flag. Now sitting under the Eve and Adam bottom Resistance. Considering the current Silver fundamentals, I strongly believe that this will break up. Silver being accumulated massively as hedge to dying USD. I would hate to be short here.
Silver Long Strategy Good Morning Traders,
Before FOMC, while the expectations and guesses have been spoken to everywhere, Silver might form an inverse H&S targeting the area between 22-23.
I'll share my long gameplay below;
Entry point : 20.10
TP : 22-23 ( I'll look into the momentum and Fed decision while deciding my actual target.
SL : 18.60
Since this strategy is counter trend. I suggest that your lot size should be smaller than 1.
I hope your week goes well.
Thanks.
The perfect trap for the silver buyers As we all know the heavy news speaking loudly about silver. Although of course they are half right and I will let them buy it on Monday all tbe way to 28.8 $ make them happy , and then just when they think its going to fly to 1000$, then the sellers will show up to take the money away. we will be looking for shorts on Tuesday onwards. with long term hold of up to a week, aiming for lower prices first target would be around 24$ where we may take some positions off , followed by our main target of 20$ .
lets see how it plays out.
Are we being fooled? Silver too WTF!After finding Wyckoff reaccumulation zones on Ethereum AND Bitcoin. Now I see it on silver too. Please leave me your thoughts and feedback.
Gold and Silver have been Outperforming Cryptos since Nov 9thIn this custom precious metals (Gold and Silver) versus top cryptos (BTC and ETH) you can see the last lowest low was November 9th in what appears to be a bottoming formation. Price ratios continued in an upward channel (shown in yellow) and have just confirmed a breakout upwards from that channel. Suffice it to say, PMs have been outperforming major cryptos since early November 2021.
This is not financial advice. The trend is your friend, so it may be time to rotate crypto holdings into #gold or #silver or a ratio of both. Luckily there is a platform that allows you to do this directly called Kinesis. Kinesis also allows the storage AND delivery at any time of your precious metals, and in a specifically allocated account (no unallocated pools). They also offer 5 ways to partake in their fee-sharing program including the holder yield - which means it's not just free storage, but you get paid to store with them. Check out their informative videos to find out more or sign up kms.kinesis.money
Silver Miners: Blow-off 5th Wave Rally Imminent in SILJThe SIL and SILJ ETF's are both following a classic impulsive pattern that began with our low in the spring of 2020. After a powerful 3rd wave blow-off rally that peaked in the summer of 2020, a seemingly endless 4th wave correction has been grinding away all hope in the metals sector. However, we may have reason to be bullish as there are clear signs that the correction is over and that the 5th wave has commenced!
Not only is there great confluence at the 0.382 ext targets overhead, but metals are famous for 5th wave extension blow-off tops which can drive up prices levels to the 0.618 ext and beyond! They are not easy to predict and take off parabolically, so it is prudent to leg-in carefully and methodically as a setup develops. We have similar setups developing in gold ( GDX / GDXJ ) and copper ( COPX ) as well!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
SIL & SILJ Component Stocks:
SIL ETF - Global X Silver Miners ETF:
WPM - Wheaton Precious
POLY LN - Polymetal
PAAS - Pan American Silver Corp
SSRM - SSR Mining Inc
HL - Hecla Mining Co
FR CN - First Majestic S
FRES LN - Fresnillo PLC
010130 KS - Korea Zinc Co Ltd
BVN - Buenaventura-ADR
PE&OLES* MM - Industrias Penol
SILJ ETF - ETFMG Prime Junior Silver Miners ETF:
AG - First Majestric Silver Corp
PAAS CN - Pan American Silver Corp
AUY - Yamana Gold Inc
SSRM CN - SSR Mining Inc Com NPV
MAG CN - MAG Silver Corp Com
SIL CN - Silvercrest Metals Inc
HL - Hecla Mng Co
TRQ CN - Turquoise Hill Resources Ltd
GATO - Gatos Silver Inc
EXK - Endeavor Silver Corp
#silver #gold #silversqueeze
Silver is down on the week but may be setting up...Silver is down on the week, but it's driving back into buying territory. It's also the end of the month when silver prices typically get pushed down in order to make expiring contracts cheaper. Next week starts with a new month, which tends to be optimistic for silver. This plus the buying territory makes it likely that silver will have an uptrend especially at the beginning of next week. If you can imagine that on this chart, you can see that it's then beginning to form a reverse head-and-shoulders pattern - which is typically very bullish. That's all for now.
This is not financial advice.
Want to try trading your own allocated silver with cryptos on one platform? Or gain yields on metals you hold? Then you may want to check out Kinesis: kms.kinesis.money
The Silver Dragon has awaken again, butAs some of you may have noticed, the precious metals sector is showing signs of life after a recent cycle bottom. This is great news for bulls. But I'm writing this to show the long-term view. In this monthly chart, you can see we're coming to the exciting edge of the cup of a decades-long cup-and-handle. Cup-and-handle is one of the most bullish chart formations known. So it's not too surprising to have metals climbing this edge. And here's the "but" part. While silver, for example, may very well go parabolic from here, or in a few months from now, it's not really pressured to reach new all time highs ($50+per ounce silver) until late 2023. That doesn't mean it can't happen sooner, just the formation doesn't necessitate it until then. So while this is a great time to get into silver, and gold, and platinum, etc... just know that it may be a medium or long-term hold, not really a get rich quick sort of short term thing. It could work out short term, and there is plenty of fundamentals in place to make it so, but often these trends take longer to play out than one might expect. This is especially true with precious metals. We just has a nice rally today, and it could continue, but in the greater scheme if you're not already in a position, it could pay off to set a buy order on a reasonable dip and enter then. That's my 2 shillings for now. As always this is not financial advice - entertainment purposes only. Good luck out there yall!
P.S. My favorite place to trade metals is the Kinesis platform. You can get yields (5 different ways) for holding precious metals (fully allocated to your name), easily trade between metals crypto and fiat, and even take delivery of metals with the lowest premiums and shipping costs on the market. Free to set up an account, check it out: kms.kinesis.money
Silver Bull Flag - Weekly XAGUSD IdeasSilver is poised to print its lower low on its weekly chart, printing this i can confidently says it has found it bottom an ready for the rally up. This week we will be seeing range from 22.50 to 26.00 and what make this week more interesting is the Hammer printed last week on Gold Chart could be catalystic. In Case of a quick run up 28.00 would be the start and 38 is our next target.
Check out the Weekly Stochastic too.. Im generously Confident!
Silver not likely to go lower than it is right nowSilver ended last week not looking so good, and it has lead to a bad start for this week too. After breaking below $25 resistance, it has held above the next level of 24.75. It is likely to retest this zone again this week, so depending when you're reading this the title of this article may not be exactly true - but I'm really looking at where silver is likely to close at the end of the week. It's looking a bit oversold.
I like to look at the silver/usd chart, but when I want to take a deeper look at how silver is doing on a global scale, then I look at the silver/DXY. Makes sense, right? If you know what the dxy is. Anyway, that's the chart I have posted here. As you can see, silver has hit the bottom of an ascending wedge. These ascending wedges have been bullish for silver for the past decade at least. The price action could dip below this line throughout the week, but as long as it closes on Friday at or above this line, then it is considered to still be holding.
That's great news for silver apes. The only unfortunate part about this is that by this chart... it looks like we'll have to wait a while before silver breaks above $30. Like sometime in 2022. Actually that's not that bad. Probably will be here before we know it. For people stacking for decades, that's nothin