therealninza

Silver to the moon

Long
FX:XAGUSD   Silver / U.S. Dollar
I've been watching silver since the low 14s and have been long since. This is my first idea published so by all means take this with a grain of salt.

However, given the macro environment, the emergence of what looks like a bull market in precious metals, and the price action, I am quite confident Silver is heading up, short term to ~$22 USD and medium term ~$31 USD.

I am not a technical trader so there are probably errors in my lines, I am just drawing what I feel. I would buy on any sudden dips to the bottom of that triangle or below it, if those opportunities present themselves. I would aim to build a long position in Silver for many months, and possibly years.

Good luck, and feed back is welcome. Be Kind. Peace
Trade active: :)
Comment: Fed Minute Out - Unlikely they will hike, looks like Silver is being held down, but a good buying opportunity here imo. Happy Trading
Comment: Appears that we may see some rebound in the XAU/XAG ratio, and a swing lower for XAG, but all that should be fuel for a good rally. Stay tuned
Comment: This is very bullish. I would build a long on any dips from here. Potentially an opportunity Friday with NFP. A fixed beat could smash it lower for a short time.
Comment: Looks good, anything <$20 looks good for a buy to add to your long. Happy Trading :)

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