SILVER - Daily - My Thoughts Before US ElectionsHello everyone, Andrew here, want to start with, This Is Not a Political Preference or statement. If you look at the chart, you'll see either party will take Gold to it's next all time high. For different reasons, Gold will react volatile to this next presidential election. The color of the route represents the political party, Red of course is the existing party and Blue, it's rivals.
The following is what I copied from my Gold Chart, word per word. Silver, will create new all time highs as well in time frame.
The path for each party is based on my personal feelings on how I think Wall Street will react, in turn affecting short term Gold prices. That said, investors find Gold as a safe haven for uncertainty in our economy. The reason I feel the Red route will see a dip is because Wall Street should react positive. Why will Wall Street react positive? Less uncertainty in the economy. Changing parties makes investors nerves.
Why do I think Gold is going to 2400 and higher? Gold will continue its current path, but, may see a large boost soon after the election. With US Civil War looming, Debt, Gold manipulation letup, Political agendas and Record Spending, Gold has a very bright future IMO.
Will Gold hit $2400 in my time frame? In my dreams? lol...
I am not an investment advisor, please do your own homework and seek professional help before investing, period.
Silverusd
SILVER (8HR) - Break-out or Fake-out??True to form for a head and shoulders pattern, the first move outside of its recent pattern has been to the downside. This is one to watch, because if there is a retest of the recent support followed by a rejection, there could be a short-term sell trade on the table.
Silver continuation and important date!There is a very important date for silver coming up. Funny that the date converges with the trend line, will silver break out or drop down further. It's almost as if silver will show us if it approves the outcome of the election. My opinion (not trading advice) will break up ward to the parabola area, but only time will tell.
Silver in my opinion is how you should pay yourself and is what i have been practicing.
Silver, it has fallen out love and favor. It has been used and abused. That's why you should favor it, love it and hold it.
SILVER battling with 200 EMA in a rising channelSILVER
Silver is tend to move along with Gold but the daily moving range is higher than GOLD
Today the upside momentum has stopped by the Strong 200 Exponential moving average same as like the Gold.
We can expect short term rebound after reaching the lower side trend line and may move towards 200EMA. For the longer term bullish trend Silver has to break the trend line as well as the upside trend line
From my point of view it will fall after reaching the 200 EMA. if the lower side of the trend line was broken we can expect more number of sellers will come to move this metal below 22.000
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$XAGUSD - Trend continuation followed by a breakoutHello, dear friends!
Here is my projection for silver. Silver is above the bullish flag and tested the upper edge of the flag as a resistance so is about to continue the uptrend.
See important support and resistance levels on the chart.
Please follow for more ideas!
Why you should pay attention to Silver ?Silver has been hammered pretty badly during the sell-off in March and after the recent market correction.
Nevertheless, the large timeframes tell a different story.
When we zoom out, we can quickly notice the huge that silver has been putting since Dec-15 marked by the a lower low $11.639 in Mar-20 and then a solid bounce followed by a rally to $29.869 in August.
This month the price has further corrected to $21.665 marking an oversold RSI up to the daily timeframe.
Looking at the higher timeframes weekly and monthly,
- taking the history since 2013 into account, we could see a large cup formation to which the current drop could be seen as the handle pattern being worked out,
- taking only the recent drop into account, we could see a very interesting bull flag formation being worked out.
In either cases, a breakout over $28 might send Silver back to .786 fib level with a price target over $41 before a longer consolidation takes place (if it follows gold's path).
Silver is known as a lagger but it is also an aggressive mover since its cap is not as big as gold.
I am definitely going to increase my exposure to Silver and silver mining stocks as well.
Let me know you thoughts, like, follow and share to support my ideas.
Until next time !
SILVER LONG POSITION/SILVER BUY SIGNAL
Hi guys,
We have solid position on silver.
* MACD DAILY BULLISH
* StochRSI DAILY BOTTOMED
* My view is that silver will after this strong pierce and selloff make attempt towards previous highs, drop again and continue to push since underpriced.
* Target on silver is 48$/OZ.
Having on mind position of S&P 500, DAX. FTSE and the other indexes, situation on stock market seems very shaky.
SPX is in front of WEEKLY BEARISH MACD CROSSOVER which will result collision of index as we could see in the chart
Apart from SPX, DAX seems even more shaky and i would suggest clearing stock positions and opening longs on metals (prefferably silver), since HH of gold should not surpass 57.000$ which is 10% at best comparing with silver which provides 218% return on investment (118% profit).
Money from stocks will move to precious metals and crypto section.
Appliance of silver from fundamental side is used in industry since all the batteries, fast chargers and so on could not behave as good conductior as silver, because it doesn't have "skin" effect like copper and it can endure big amperage which will be used in electrical car chargers (since gold is to expecive now).
Silver will be too, but still not
Usual ratio Au:Ag=20:1
Now is 70:1 in favor of gold (since gold made brakeout first
Once again, i find silver highly underpriced and will collision of stock exchange (WHICH IS IMMINENT) and certain as Tuesday after Monday, money will move into " store of value"
Good luck to everyone and happy silver holding.
Will pay off big time !!!
SILVER IDEA UPDATED 2.0So with the stock market selling off this has impacted the silver price, which has now dropped below $26.1/oz. The price will now head back down to major support, previous resistance of $21/oz (and change). I would expect a very significant bounce off of this level after an healthy consolidation. We would then see a similiar reaction to what we saw back in march, april, may when the FED inevitably steps in with further "stimulus" to combat the second wave. Then I see silver bouncing around off of resistance and support levels before inevitably attempting to hit $50/oz by 2024. This is not a target date, rather an indication that it took nearly three years for silver to bottom after 2011, therefore we should expect a similiar time frame to get back up there.
You heard it here first! 🥇 - DailyMarketUpdate 📉 Silver is tanking!
After reaching our defined turnaround zone in yellow, the bears take over the market. Just as indicated in our first Silver post (👇🏿 hyperlinked below 👇). The support level at $25.78 is broken, and the downtrend accelerates. The next support to watch out for is at $23.58. At around $23, we expect the next major countermove.
Happy Trading! Feel free to discuss!
SILVER WHAT WILL HAPPEN? Hi again,
Since it's sunday and i am in analysing mood.. i will share my thoughts about Silver. Beware this is not an advice!
I think Silver has got more moves than Gold even though it's related. I don't see anyone here sharing thoughts about Silver that's why i decided to share. Sharing is caring! I always buy small pieces and when i do buy Silver i will keep a close eye on it. I have set alarms and alerts as you can see on all of my charts.
I don't know it trading is your hobby or your full-time occupation. This all depends on making decisions depending in which situation you are. Well i am a full-time trader and i have got lot's of time to take trades. Everything in life takes time if you would like to do it well! But this is my opinion. Back to Silver.
I think it is in a range as you can see in my chart. Will it go to 28.2 or break the support level? Nobody knows exactly. We have had 140 wonderful days of Silver as you can see. Life can not be always wonderful all the time we are now stuck in this range.maybe till election time...personally i think it will go down a bit and then back up to test a new ATH. I will buy more silver when it's around 26. Also hold my current earlier buys. I will not open any sells unless it breaks 26.000.
Good luck and safe trading everyone! Hope you appreciate me sharing Silver thoughts.
$XAGUSD - The future is silverHi, fellow traders!
There is a confirmation of a breakout from the symmetrical triangle in Silver, ABCDE Elliott wave correction is complete, silver is about to continue the bullish run, though the last impulse is weaker than it has to be, see the chart for resistances.
Follow for more ideas, do not hesitate to click the Like button.
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
. While the price is below the resistance 29.85, beginning of downtrend is expected.
. We make sure when the support at 19.65 breaks.
. If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid.
T echnical analysis:
. The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
. While the RSI support #2 at 45 is not broken, the probability of price decrease would be too low.
. A trough is formed in daily chart at 26.00 on 08/21/2020, so more gains to resistance(s) 28.35 and maximum to Major Resistance (29.85) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 60.
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SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
. While the price is below the resistance 29.85, beginning of downtrend is expected.
. We make sure when the support at 19.65 breaks.
. If the resistance at 29.85 is broken, the short-term forecast -beginning of downtrend- will be invalid.
T echnical analysis:
. The RSI uptrend #1 is broken, so the probability of beginning of downtrend is increased.
. While the RSI support #2 at 45 is not broken, the probability of price decrease would be too low.
. A trough is formed in daily chart at 26.00 on 08/21/2020, so more gains to resistance(s) 28.35 and maximum to Major Resistance (29.85) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 60.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️