Silver – Cyclical turning datesTurnaround dates (highs and lows) can be calculated in advance using our proprietary models. The turning dates have an average tolerance of about three trading days. In 80% of the cases it is even only two trading days. This gives us a very good directional filter in advance within our analysis methods, with which we have been working successfully for many years.
Thus also in the current example to silver numerous turning dates could be limited very precisely.
Current environment:
Silver has been in a technically clean uptrend with rising highs and lows since around mid-December. The backed high of February 24 (cyclically calculated turning point) has arrived with a tolerance of one day!
Currently, a further price decline is to be expected until around March 01.
A temporary stab through the lower boundary level of 25.90 USD cannot be ruled out. Then, the price should experience a stabilization and lead to an approx. 2-3 day upward impulse.
Note:
Three special analysis methods are used within our trading strategy. In this article only partial aspects were published and represents neither a complete trading system nor an investment advice or purchase recommendation.
Silverusd
Silver - ready to break out of range?Since reaching $30 and coming back down, XAG has been stuck in a beautiful technical structure. It bounced straight off of the long-term fib at around $26.15 before becoming range bound between the weekly support at around $26.85 and the recent 0.618 level at about $27.75.
Last night after the market opened back up, XAG crashed back down to the long term fib at $26.15 before being bought straight back up. You can see this on the 5m chart (I would post it but TV won't let me with my rep level).
Combined with all the talk of Gold bouncing off its support and starting a new bull run and the general rising trajectory of Silver, I feel like Silver is ready to make a move up into the $28-29 area.
If we do break out past $27.75, $28.27 will probably be where it finds resistance. I would say the best setup if you aren't in already would be to buy on the pullback of this break at $27.75.
Entry: $27.75
TP: $28.76
SL: $27.47 (feel free to go wider as the broken fib level should provide some decent support)
Happy trading!
SILVER - a downward wave is to be plannedToday, the turning date for silver (XAG/USD) is in focus. With the weakness that already began yesterday, a loss phase lasting until the beginning of the new week - at the same time of the new month - is indicated for the silver price. Great sell-offs should not be expected here, however. Because already to 2. March a already new turning point points itself. This should help the small brother of the gold to new gloss. The quotations could thus fall back in the short term to the area of 26.30 to 26.60 USD, in order to then attack the resistance area of 27.70 USD again in the sense of a bullish counter-impulse. An establishment above this level allows subsequent gains in the direction of 30.00 USD per ounce and higher.
If, on the other hand, the price weakness extends to below the level of 26.00 USD, an extended correction in terms of time and price could open up. This has further downward potential to at least 24.20 USD in the context of the trend line and support break-down that has occurred.
An excerpt of our past turning dates:
- Silver Low Dec. 15, tolerance 2 days
- Silver High Dec 09, tolerance 1 day
- Silver Low Nov 30, tolerance 0 day
- Silver High November 06, tolerance 1 day
- Silver Low October 29, tolerance 0 days
(Our turning dates have an average tolerance of 3 days. In 80% of the cases it is 2 days).
Notice:
Three special analysis methods are used within our G.I. Swing Trading Strategy. Only partial aspects have been published in this article and it does not represent a complete trading system, nor an investment advice or a recommendation to buy.
Silver can go to 30 and above if it clears 28As said before and I will say it again, in the past months, Silver's trend and evolution clearer than Gold's
And as you can see from the posted chart, after reaching 22 on Thanksgiving week (1765 correspondent in Gold), Silver has had a clear uptrend. More, last week's fall in Gold to 1760 has a 26.50 correspondent in Silver, being far from a drop and just a simple and minor correction (and 22% higher than the recent low).
I expect this divergence to continue, and Silver to be more bullish than Gold also in the future.
My strategy for Silver is buying dips and I expect 28 zone to be broken and XagUsd to accelerate its up-move
The first resistance is at 30, but this can be easily be broken if we also have a wave of Gold optimism.
Axis point, possible turn towards new highs and more volatility.Either we will see higher volatility going towards new highs in silver now or it will continue on a long term uptrend. The Biden stimulus should however have an impact and result in greater inflations and therefore mean that silver will be valued higher towards the dollar. If it doesn't, then silver isn't connected to fiat and geopolitics and therefore broken and not connected to real life events known to the general population but instead something else. Possibly this other could be the dollars position as a fiat-franca, a currency for transfer and therefore a stronger currency than most. Bitcoin, on a sidenote, would then be questioning this position in a sense and at the same time Elon Musk. At the same time one would also be able to say that Bitcoin should in a sense be connected to silver. A silver/bitcoin index. What the value of silver is in relation to bitcoin.
Hope this contributes somehow to your analysis and thinking in these matters.
Also remember, I'm just a silver noob. Don't take my word for it.
Silver Multi-Timeframe analysisHi Traders
Silver Multi-Timeframe analysis
H1 CHART
A low probability, entry signal to go LONG was given at 27.118 after the market found support at 26.847 . Only the downward break of 26.847 would cancel the bullish scenario.
Support & Resistances
27.039 27.510
26.816 27.652
26.528 27.940
H4 CHART
A medium probability, entry signal to go LONG was given at 26.544 after the market found support at 25.863 . Only the downward break of 25.863 would cancel the bullish scenario.
Support & Resistances
25.757 30.075
24.683 32.545
20.496 36.732
DAILY CHART
The market is approaching the support at 25.888 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 24.160 level.
Support & Resistances
25.888 27.912
24.160 30.075
21.884 32.545
WEEKLY CHART
Waiting for a retracement lower towards the 21.653 support level, in order to reinstate LONG positions. Next important support is the 18.932 level.
Support & Resistances
21.653 30.075
18.932 34.662
16.512 42.844
Every time frame mentioned looks bullish. However, short term on 30 min i see a lot of bearish pressure.
Silver Price 2021 - V3Building on the work of my V2, which had correctly identified the 8 year cycle for Silver, there was something about the MACD bugging me about it and how it didn't line up.
Went back to it and got to the bottom of it!
And what a lovely find regarding the Elliot Wave corrective wave, in that the time proportion between the last correction period and this recent one is the .38 important ratio.
Quite happy with this and think this is the final Version of this chart for sure!
Silver - An exceptional situationThe silver price (XAG/USD) has been in a technical uptrend since mid-December, with rising highs and lows.
The precious metal clearly outperformed gold in recent weeks, which is why we clearly prefer this asset.
Already in July last year, we had drawn attention to the very high gold-silver ratio and the historically exceptional situation in silver!
The following chart illustrates this very clearly.
On the current situation:
The directional filters are long from now on. Provided that there is no sustained break of the support at USD 26.70 and USD 25.90, we expect a further price increase to the upper boundary level between USD 29 and 30.
We advise caution around February 24 at the latest! Then, the momentum should flatten significantly, which makes a multi-day decline very likely.
(Our turning dates have an average tolerance of 3 days. In 80% of the cases it is 2 days).
Note:
Within our G.I. Swing trading strategy uses three special analysis methods. In this article, only partial aspects were published and does not represent a complete trading system, investment advice or purchase recommendation.
Silver remains on course for successThe silver price (XAG/USD) has been in an upward trend since the end of November, with rising highs and lows.
Silver is currently performing much better than gold, which is why we clearly prefer this asset.
As long as the support at USD 26.70 and USD 25.90 is not sustainably undercut, we expect a further upward movement to the make of USD 29.30. The next high will be on February 24.
The next high is expected on 24 February (+/-).
(Our turning dates have an average tolerance of 3 days. In 80% of the cases it is 2 days).
Note:
Within our G.I. Swing trading strategy uses three special analysis methods. In this article, only partial aspects were published and does not represent a complete trading system, investment advice or purchase recommendation.
Silver Price 2021 - V2An update of a previous chart.
Just a bit more of a play with time frames, although the core 16 year cycle is still solidly in play.
Most interesting thing to note was the .38 ratio in play between the big movements.
This is the after affects of Gold standard removal in 71 coming home to roost, incredible.
Interesting!
Silver is getting ready to pop. 2021 target of around $45/ozSilver is forming a bullish ascending triangle with the potential to break out in the coming days or weeks. It may be possible to get another rejection on the resistance line, but I would imagine as the economies of the world reopen and velocity of money starts to pick up, inflation will drive silver up to old highs this year. Long/hold position is wise at this point, unless the ascending support line gets broken.
23.30% SHORT INTEREST. SILVER SHORTAGE. SHORT SQUEEZEThe United States Mint just announced a shortage of Gold & Silver. See links below.
www.theepochtimes.com
www.reuters.com
Silver has been artificially & fraudulently held down for decades while gold continued to rise.
JP Morgan just bought "FAKE" Silver by creating ("Procured") 61,250 contracts, or 61,350,000 new ounces of Silver (1,000 oz bars) in a matter of days. JP Morgan has been creating Silver out of thin air with nothing to back it up.
When the house of cards falls, you will want physical Silver not contracts, worthless pieces of paper.
First Majestic cannot mine Silver fast enough, everything they have is sold out. Check their website. (Earrings should be a gigantic beat)
store.firstmajestic.com - (Website Bullion Store Message - Due to the influx of silver orders we have to temporarily suspend sales for maintenance we will try our best to get back online as soon as possible.)
Folks, there is a shortage of Silver and the big banks are artificially holding the Silver price down. They cannot keep holding the Silver price down especially with robust demand now.
If you look at inflation, silver should be trading around $1000.00.
Gold & Silver have been manipulated for decades. The manipulation needs to stop!
Today silver is invaluable to solder and brazing alloys, batteries, dentistry, glass coatings, LED chips, medicine, nuclear reactors, photography, photovoltaic (or solar) energy, RFID chips (for tracking parcels or shipments worldwide), semiconductors, touch screens, water purification, wood preservatives and many other industrial uses. Washington-based industry group the Silver Institute calls it "the indispensable metal".
The biggest consumers of silver for industrial applications this past decade have been the US, Canada, China, India, Japan, South Korea, Germany and Russia. Over that time silver demand from older industries has faded, only to be replaced by new technological uses.
With a silver shortage brewing, and First Majestic Silver reporting earnings on or about February 18, 2021, the stock looks ripe for another short squeeze!
I moved into Gold & Silver Bullion - I am out of the stock market.
If you like short squeezes, this silver stock looks ripe for the picking!
The last squeeze spiked the stock to $24.01 within days.
I think it will happen again very soon!
Best of Luck!
$SILVER - Bullish scenario, target $29✴ - Volume looks good but still under the average
✅ - Double bottom on 1h
✅ - Bullish price action on 4h (Bullish Engulfing)
✅ - Harmonic pattern forming (Crab 🦀)
✅ - MACD
✅ - STOCH
✅ - Momentum
✅ - DeMarker
❌ - MA50 (2.5% under 50MA)
✅ - MA200 (2.6% above 200MA)
✅ - Pivots: (2.7% above the pivot point )
⏰ - Breakout 1: $27.17
🚀 - Potential targets (🚀$29)
🪂 - If things goes wrong better to exit under 26.46
🚦 - Next entries in case if dropped: --
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
SILVER- New Longs now or at 26,36Our updated Silver chart. The price is finding support and we are buying again now but a drop to 26,4 is possible and we will be ready to buy even more then.
Remember: a healthy support is a good sign of the price's possibility to rise in the long run. Watch today's video for more into this matter
Silver- for my Cinderella critics 😱🧟Just my thoughts on Silver and some educational tips.
a few things about Silver:
- Silver has the highest thermal conductivity of any element
Out of all the elements, silver is the best electric conductor, and is actually used as the standard by which other conductors are measured. On a scale of 0 to 100, silver ranks 100 in terms of electrical conductivity. Copper ranks 97 and gold ranks 76.
- Humanity (technology) needs Silver like the desert needs some rain. It's the best semiconductor
-The price of silver is driven by speculation and supply and demand, like most commodities. The price is notoriously volatile compared to that of gold because of the smaller market, lower market liquidity and demand fluctuations between industrial and store of value uses.
- The price is systematically manipulated BIG TIME ( JPMORGAN example and off course, my Chicago friends at the CME , Merrill Lynch and COMEX also etc etc - probably even the Bogdanoff brothers 😱🧟)
- This is no Gamestop for any retail investor group to be able to play with. It's too big.
- Long-term Cycles in Silver: academic research did not find any clear evidence of silver price suppression. Moreover, when we look at the long-term behavior of silver prices (see the chart), we see clear cyclical patterns, not a permanent downward trend (or even a flat line).
Thus:
I expect the price to rise and I have the patience to manage my positions on Silver and also on AGQ, accordingly.
That's me. One love
FXPROFESSOR 💙