$SLV Silver Mooning $SLV is mooning due to a Wall st bets pump : Good grab for the day.
No analysis needed for the tip from the internet-retail trading gangstas.
-BDR
SLV
SILVER Long 225%: Cascading Cup And Handles - $48 TP1 - $96 TP2Silver has just hit an 8-year high after breaking $30.00, driven by retail investors on Reddit and Wall Street Bets on what several sellers are calling "unprecedented demand for physical silver."
A set of cascading Cup and Handles with a final target price of $96.202 has formed on the chart.
The inner cup and handle, inside the handle of the larger cup and handle, has a target price of $48.087.
Should the inner cup and handle pattern complete and hit its target price, a 42 year old cup and handle pattern forms which has a target price of $96.20
The Overall performance rank (1 is best) for the cup and handle pattern is 3 out of 39. It meets the target price 61% of the time.
For more information on trading this pattern and the statistics behind it see: thepatternsite.com
Disclaimer: This is not trading advice.
Silver SLV is gonna rocket MondayIf you go check any bullion site right now, they are almost sold out of silver. They halted sales until a price gets set Monday at market. Right now ebay decided on $35/ozt, for 100ozt bars! <=5ozt are going for $40-50/ozt! So we're looking at a pre-market spot price of about $45 average. This liable to jump even more. Gold is 9x more rare than Gold. So fair price for Silver should be around $200+/ozt! I expect we'll hit that this year or next. Perhaps shortly.
If this is the next wsb play, it's brilliant! This is how you "short-squeeze" the banks. Except you're really squeezing them against their own vault insurance limits, around $100-150M. That's why they've been metals spoofing for over a decade; and had daily meetings called Goldfix & Silverfix. They didn't want to build, staff and insure extra vaults to accommodate the price hikes! This is how we take back the wealth! www.bloomberg.com
Dozens of banks have been caught manipulating the metals prices and committing fraud, but here's the first mention of the daily meetings, Goldfix & Silverfix. Everybody just got slaps on the hand, so they're still doing it. nypost.com
SLV TO $37 SOONSHORT-SQUEEZE OR NOT, THE CHARTS DIDN'T LIE EVEN BEFORE.......SLV GOINT TO $35-$37 SOON!
Silver setting up for a run to 35? Silver Squeeze? Just using good ol support and resistance here. Looking at this trend line to break and a return to 35 resistance
The $SLV Squeeze? WSB Next Target! 2/1/21Video breakdown on the $SLV squeeze talked about in the WSB! What does the chart say, and what are your levels?
Silver Break outSilver broke out last week of multi month resistance on the weekly and daily charts. Target should be new highs. Only thing that concerns me is that it is nearing a Demark 13 week sell signal. Which comes in this week
Silver: a bullish view with short term target Long term: The cup with handle pattern with the break up out of the handle is vey encouraging. If we later we get a weekly clear break up above the 41.5 level I think it would be very bullish.
Short term: we have a positive reversal in the daily RSI followed by a bullish divergence which supports higher near term peak ahead. The daily RSI target is labeled. IFFF this target is hit and IFF my count is correct I would then expect some pullback before a strong tend up to much higher levels.
As always: process your way before investing.
If you are not familiar with RIS reversals see: school.stockcharts.com
Best to ya. Have a good week ahead.
Short squeeze coming in Silver?Now that everyone looked up the definition of short squeeze "people are saying" there is a short squeeze coming in Silver! Is this a reliable indicator?
AG (First Majestic Silver Corp)steady rising buy volume and and market sentiment has me looking to get into this one on Monday. Green lines are monthly levels that I am interested in for possible take profit areas $30+ quickly would not surprise me with the Silver hype/squeeze talk coming.
Silver to THE MOONIf we breakout of this - lights out. $35 is coming and then higher.
Ton of macro reasons to buy it - I truly think silver is under valued. Did you ever ask yourself why in the world is Gold and Silver doing so poorly in an environment when it should thrive? Rates are low, ton of money supply...?
WSB is pumping $SLV already. Will they succeed? - I don't know. Silver is a much much bigger market than GME. However...
There are ton of macro guys scratching their heads trying to figure out why are metals not moving. Rumor has it that JPM is keeping silver price low via paper market. WSB wants to squeeze the F out of them.
Bullion dealers are out of physical stuff. How do I know? Go on APMEX website and read in red "Due to unprecedented demand on physical silver products, we are unable to accept any additional orders on a large number of products, until global markets open Sunday evening." Why? They need to see what futs do.
If this plays out and we break out of this pattern then the buying pressure will come from:
1. Technical traders will be all over it.
2. WSB gang will double down which would send it into a self feeding loop.
3. Macro guys will jump (most of them are already in)
4. Peter Schiff will have an orgasm and he will pump it like a maniac
5. EV demand will put more pressure on it.
6. More crypto adoption = more silver demand.
7. Silver is used extensively in the production of solar panels.Biden and his gang is all over renewables.
8. Medicine loves silver. Silver kills germs.
9. We require more and more technology. SIlver is used in printed circuit boards, cell phones, computer chips, keyboard membranes and so on...
10. I can find another 100 reasons why it is a metal that will be more valued than gold. Probably can make the same case for ETH!!!
It is not a crowded trade yet. I got stopped out from my last position but I am becoming increasingly more bullish on it than on any other asset class.
$SPY $SPX Market correction imminent. SPY to 338The GME saga has gone for too long. Jan. 29th saw Robinhood and co. go to desperate measures to prevent irreparable damage to the market.
- The puny market pump for Big Tech ER is almost over. Nothing can hold it up anymore.
- 70 billion has been lost by short institutions, and they are long positions to cover their short position
- The short interest remains over 130%, if the data is to be believed. It is possible that that it is in actuality much higher. Shareholders now own over 100% of the company's shares. The extend of fake shares existing for naked shorting is unknown.
- Silver is the next target on the chopping block for short squeezers. Major banks, direct arms of the Federal Reserve, are at risk of liquidation on their short positions.
- Prepare for volatile times.
Current Silver Squeeze (Jan.28 Idea):
XAG Ascending triangle WSB BreakoutPurchasing in the physical market will force the ascending triangle established throughout the last year to break out hard to the upside for XAG. Bonus info is to watch physical PM dealers prices on the weekend for an indicator of futures prices. Currently they are climbing fairly aggressively.
$SLV $PSLV $GME 2: Infinity Squeeze- Gamma squeeze of silver and silver futures is possible.
- Key is that the supply of underlying is only a fraction of the future contracts being traded.
- If enough contracts are physically settled, there will not be enough underlying, and this will squeeze the price.
- In essence, the silver market will be cornered.
- Up against JPM & co. Tough competition.
I like the stock
PT: 75
SL: None
“We choose to go to the moon, not because it is easy, but because it is hard." -JFK
