This is controversial and I am a big SILVER bull but I am still expecting $8 SILVER for quite some time now. When BIG INDEX corrects so will metals. There is no way around it. Bitcoin is the same. Story for what follows this drop is something else entirely.
Silver trading a wide range with a lot of volatility, trade the range until it breaks out long or short this is a move you don't want to miss!
Silver(Sl1!) closed at $16.15 from an opening price of $15.75 for a gain of $0.40(+2.54%) today. This move comes after a recent break above trendline resistance which was followed by 4 days of price holding above the trendline. This hold above the trendline saw 4 doji candles form which are indecision candles. A doji candle is a price candle with a small body,...
Silver(Sl1!) closed at $15.59 from an opening price of $14.92 for a gain of $0.67(+4.49%) today. Price also closed just above the orange downtrend resistance line which is bullish seeing as how this line has been acting as resistance since early April. Going forward, we need to see price hold above the orange resistance line and make an eventual push above the...
Silver range bound looking for longs on pull backs
short at $14.17 Silver had a strong bounce as did the overall market SPX, DJI but it is now range bound still in a down trend on the weekly stocks such as PAAS are selling off as people don't want to have exposure over the weekend and are being more risk adverse. As we trade below point of control at $14.35 and have declining volume I anticipate that we will...
Silver adjusted for money supply. Long term play with attractive RR.
I believe if "news" of coronavirus keeps getting worse, silver could very well be on its way back down to $11. Highlighted are TP zones for sell. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
Dates in the future with the highest probability for price direction reversals
Right now we're at the handle of the Cup structure, if silver price can up to $54 in next 12 month ,it will successfully break up the upper trend line of the Cup structure, we will have a big chance to see the silver touching $96 around April 2022. Good Luck.
Hi, thanks for viewing. I hope this makes sense to someone - not just me :) Great performance from silver recently showing; 1. That there is life in silver, 2. A nice impulsive move, 3. Out-performance of gold. However, all my lines and pretty colours suggest that silver may be about to consolidate before moving higher. It's just how I see the chart (I will be...
Bearish AB=CD just formed. Support 1,2 is 38.2,and 61.8% of CD. Good luck!
Divergence with PVT and MACD for the last month. Hopefully will see it rise and establish support back at 0.010 Fundamentals: -second wash plant at the Macy project has been completed which has increased the concentration production. -first shipment of zinc earlier on in the year. Hopefully will see revenue on next years report.
Crossing 288 on 5 Min Chart with Copper, Bouncing from lower channel, getting above buy trendline, showing some green volumes, RR is good