This could be an important moment in silver. I prefer that the metal stay cheap but I fear we are about to run out of time before this train leaves the station.
What do you think will happen to SILVER over the next year or two?
What do you think will happen to SILVER over the next year or two?
Comment:
I would love to see it turn down now and tag E of this wedge but that may not happen
Comment:
shared this a while back, but I love to see precious metals ratio to the indices.. Look at SILVER:NDX (silver to nasdaq)! Daddy will be coming to look for value at some point, wouldn't you think?
Comment:
let her rip!
Comment:
I don't post monthly charts too often but it can really help grasp scale of what is to come. Notice my wavetrend/stoch,rsi indicator and the orange boxes I highlighted. This goes back quite a ways and is (strangely) supportive and resistive. We are now above it and it just happened the last few months. Is this just the beginning?
Comment:
I think the gag is about to be up on silver. There's a lot of big players that want to manipulate it but I suspect they are out of time. I wonder if they know they are out of time?
Comment:
yes, I'll take some please, thank you kindly.
Comment:
I'm not going to short silver but I would not rule out the yellow arrow. I think it's a 40% chance but I'm not selling or changing my position.. just bracing for a possible head fake here. Regardless.. don't lose sight of the forest for the trees.
Personally, I'll buy more if it drops again.. so here's to hoping for another drop.
Personally, I'll buy more if it drops again.. so here's to hoping for another drop.
Comment:
60 min candles, bearish divergence I really suspected this. Now I'll wait for the lower pivot and consider adding more long exposure a little lower.
Comment:
^ I meant to say 240min candles. Watch this zone closely as it will either bounce or fall here.. another pivotal clue. I'm still personally hoping for lower prices again
Comment:
^ see yellow arrow for 'the clue'
Comment:
this is the flush I was hoping for. Now, let's see if it finds support.
Comment:
beautiful. Now testing support zone of the breakout.
Comment:
this yellow line is the key breakout support level. I really, really like it in this zone but know the possibilities for failure. The pattern is bullish and will hold and add more. The next two months, I believe, will be a new chapter in the metals. If I am wrong and we breakdown, I will take advantage of the lower prices in the physical metal.
Comment:
There is some interesting math at work- see 240min candles, lower wavetrend indicator. Let's see if it's ready to soar yet. I continue to hope for lower prices but is time up?
Comment:
PLEASE CONSIDER THIS A WARNING. I'm wildly bullish on precious metals. However, I'm rooting for them to go cheaper again because I like to acquire the physical. While I think that time is up and they are about to skyrocket, I don't want to dismiss another major crash in the market.. and also in metals, miners, crypto.. everything. It's possible. I have learned to prepare and hedge for events like this and wouldn't be surprised to see silver at $44.00 in the next two months. But I also wouldn't be surprised to see silver back at $9.00-11.00 again.. Please be careful and do not invest what you're not willing to lose. While this pattern and projection look likely, look at the other argument. I'm watching this yellow line/support area to make wise decisions on my contracts.
Comment:
yellow arrow- mmhmm
Comment:
well this is encouraging
Comment:
This looks like a nice healthy toilet flush. I took some profits yesterday and will consider averaging back into position here.
Comment:
I forgot to explain- the apex of of these wedges is almost always very volatile. The apex is where the two lines of that lower wedge intersect. When you draw a vertical line from that point, you'll often see wild price fluctuations and many traders confused as to what's happening. Sometimes price will crash all the way back down to the tip of the apex. Be smart.
Comment:
renko chart on gold- yellow line break
Comment:
This is SILVER/GOLD ratio. March 2020 marked the bottom of this ratio (inverse for gold:silver). I always recommend the real metal first.. we could have a crisis and paper market/derivative collapse. When silver reflects it's true value, it's going to be a very serious problem. There's a reason it's being suppressed, shorted, leased, manipulated.