Gold has broken out of a multi-year resistance to new all-time highs. Silver has been lagging Gold. It has started to move and should accelerate in its catch up once Silver future push through 26. I am long SLV as a proxy. Silver miners may also be a great play but I don't like the rise in energy prices, which could continue to be a headwind for them.
We know they have been playing games. I personally would buy physical and stand back from PAPER Silver. Can the silver gorillas return with strength?? NOT FINANCIAL ADVICE!!!
A no brainer buy low, sell high. Is Silver ever going to zero? No GLD has had a BIG breakout and SLV has not followed through (yet) the 100/200 sma on monthly support this trade and if your time horizon is long enough, I believe this position goes back up to the supply zone.
Good Morning Let's see how CRYPTOCAP:BTC handles this next resistance level. Currently it is above. Assets, not #Dollars! Where are can you put your hard earned $??? Into #equities with high PE's? Into #commercialrealestate? #BTC #Bitcoin #GOLD & #Silver as well as they have stood the test of time.
Silver has emerged as a resilient and attractive option for investors seeking refuge from economic uncertainties. As we delve into the intricate analysis of AMEX:SLV stock, it becomes apparent that the interplay between Treasury yields, the U.S. Dollar, and market sentiment is crucial in understanding the trajectory of silver prices. Treasury Yields and Dollar...
The Dawn of the Final ETF Approval Week - Everything will change. Bitcoin will obliterate Apple returns Bitcoin will obliterate SPY returns Bitcoin will obliterate Gold returns Bitcoin will obliterate Silver Returns Anything plugged into Bitcoin related or touching bitcoin will be rocket launched into an entire new global standard. I have come to the...
Silver seems to be setting up for a beating. Its forming a rising wedge, whos top aligns with a strong resistance. The rsi and macd are forming obvious bearish divergences. I believe that the light holiday liquidity, alongside the bearish setup, is a recipe for a beautiful buying opportunity
My reasoning of why silver will retest the 200 weekly. 1. The Dollar (DXY) is in a downtrend. I believe It is on its way to the 200 weekly moving average but before that happens I believe there will be a small rebound. 2. I believe the DXY is going to have a rebound as the daily RSI is nearly indicating oversold. 3.Silver is in a rising wedge pattern and it is...
#GOLD & #SILVER are still selling off since we made the call, very close to top. CRYPTOCAP:BTC is suffering its biggest drop since august of 2023. The US #Dollar really looks like it settled at the 102 area. Not a normal area to find support but it can happen. TVC:DXY seems as if it wants to conceivably push higher from here. AMEX:GLD AMEX:SLV CRYPTOCAP:BTC
Silver looks like its trying to complete a correction before a new uptrend is formed. Its also grinding on the top of a falling wedge.
GOOD MORNING #GOLD is currently holding better than #Silver. Has the US #Dollar run stopped or will it find support soon? Out of all of these CRYPTOCAP:BTC has been the best recent performer, by a good amount. Keep an eye on strength (RSI), it's still weakening as it goes higher. However, $ flow has been increasing.
Silver broke a massive trend line on the daily today. If we have the daily closing candle close below approx $24.35 today, which is in 5 hrs, I believe we will see more downward trend.
Clearly seen on this chart is the cup and handle that lasted for 12 years and now we are going into a wave 3 of 3.
Since our call the US #Dollar has crumbled. In currency those are big moves. Yesterday we said that it looked as if TVC:DXY wanted to settle a bit. However, it was an unusual area for it to find a "bottom". It eventually reversed & went lower in the day. The yellow lines are more likely a target & will cause some sort of bounce when/if they reach...
### Technical Analysis Overview: Silver SLV ETF - Inverse Head and Shoulders Pattern Investors and traders focusing on technical analysis are currently observing a significant development in the Silver SLV ETF stock chart. The chart exhibits an inverse head and shoulders pattern, a formation that is often indicative of a potential bullish reversal in the...
The marketing team behind gold and silver are always telling dumb and dead money that they should "hedge" against a "collapsing US Petrodollar" during times of global instability by being long on metals. The trade rarely works out. Gold and silver not only routinely follow the equities markets straight to Hell, but tend to get dumped during the start of new index...
Commodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. Commodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. SLV had a bullish bounce off the yellow trend line on Friday October 6 (marked by the...
SSR Mining Inc. is a leading, free cash flow focused gold company with four producing operations located in the USA, Türkiye, Canada, and Argentina. They produce over 700,000 oz of gold a year. Friday had a bullish engulfing candle I see a target price of $14.30 , where there is resistance. War news again this weekend will push oil and gold up again. Good luck traders