Silver has broken above the downtrend line that formed after price peaked at $30/oz back in August. This breakout comes on the heels of a double bottom pattern that formed in the $21-$22/oz area from Sep-Nov which combined with the trendline breakout indicate that traders are likely going to take price back up to test the $30/oz level again. The current price...
Scroll below for My background on silver and three things I learned: You're looking at a quarterly chart representing silver's price history since 1970. A) I'm seeing two bullish chart patterns developing: 1) Ascending triangle 2) Cup and handle B) Significant break of structure: The light blue rectangle highlights how significant $18 - $20 has been in...
2nd chance to get on board or to reload those SHORTs. Here is the previous post;
Hello, Traders! SILVER is trading along the rising support I expect this support to be respected this time too When the price reaches support I will go up and test falling resistance Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Long time no update for Silver. Silver just broke down. Downside target of 17-19 range.
Silver is going to rally to its strong SUPPLYZONE The selling pressure will possibly activated as price goes near to cluster of high selling volume (point of control) In which, big money on short position will incur higher selling force to resist price rally above SUPPLY ZONE . While long position trader will trigger selling order to take profit near...
Right now silver is at very good position. It has broken the weekly and daily support and it is going to retest that level as a resistance. It also has 'M formation'. Which is very likely to get completed.
Silver, SI1!, which made its wonderful rally recently, is now under serious headwinds. Not only is it technically challenged, it is also under pressure from a rising USD, and a strong Gold retracement. Breaking down from a triangle, with deteriorating MACD, and triggering a Sell signal, silver has a probable support around 23, else should check in at 19....
Previously projected on Silver, and called a top accurately, this is part two... the retracement. Perhaps much to the disbelief of many, and precisely the reason it would be happening. Technicals, particularly MACD, point to more downside risks. Looking for a lower low and to test 25.
the metal is still within a complex correction. the wave Y of (X) could have started to retest the former top around 30 then another drop will follow to complete the entire correction around 23.39 after that we will resume to the upside
IN 2024 SILVER WILL BE WORTH 1500$/OZ. THIS IS BASED ON MY CHART WHICH HAS SILVER 50X FROM CURRENT LEVELS BY 2024.
This is the TNX at the daily view. There are way too many retail traders who are trading precious metals blindly. The first rule in trading? Protect your profits (capital preservation). Generally, you cannot protect your capital if you're trading something that you don't understand. The ten-year note is important since it has an inverse relationship with...
Silver hit target early, and is likely to retrace hard. Crash? Not likely yet. Candlestick patterns are indicative of the end of a parabolic run, if not at best a sizable retracement. Watch it forms throughout this week...
The target previously posted hit target spot on time ! So what’s next? I would hazard a projection that despite the parabolic run, it still might have some legs to go, but am expecting the next target area (green ellipse with red outline) to be volatile. Not expecting a close above 30.30 though... it is just over stretched. IF silver still continues, the;we are...
It's a legitimate question actually. I got no clue how to detect a pullback with silver. In precious metals, the price can be overbought and parabolic longer than anyone's expectations. Traditional indicators and price action readings tends to be useless. You have to know the overall demand of gold and silver and why people are buying into it. All I know is that...
Silver is finally catching up to gold. It seems that the monthly pullback was on July 30-31... near the 1st of every month. The issue is that silver is how at a key resistance level. Why didn't I enter into silver yet? It's because of the dollar strength. If the DXY has a confirmed double bottom pattern, we might see a bounce in the dollar... and a possible...
Silver at the 4 hour view. Silver made a pullback from its recent exhaustive move. With the dollar collapsing, silver is merely consolidating for another move up. That said, silver takes a long time for it to make moves like the last 2 weeks. Usually, silver goes through a monthly pullback near the 1st of the month. The question is, did this pullback already...