While we have a $50 target for silver by the end of 2021, we fully expect it to get smacked in risk-off environments given its importance to industrial activity. When investors are optimistic, silver trades like copper; when they're scared, it trades more like gold. It's had a great run here and while we fully expect to see the ratio get back below 80 in time,...
Silver(Sl1!) closed at $17.90 on Tuesday for a $0.53(+3%) gain on the day. Price is currently testing the $18 level which is just below a diagonal trendline which stems from the August high near $20. Price has also created a series of yellow candles over the past 4 trading sessions which indicates that there is bullish momentum volatility behind price according...
What a time to be a trader...and what a day! U.S. markets gapped up and held their gains throughout todays session after Moderna, Inc. reported positive phase 1 results of a potential Covid-19 vaccine. Could it really be that simple for the bulls? It'll be interesting to see how the market reacts when the Fed Chair Jerome Powell speaks at a scheduled Senate...
SILVER: potential bearish ABCD pattern. Retrace almost DONE! Define stops according to your risk profile.
This is an updated map as we saw silver dropped into the abyss below the range. Overall structure remained unchanged as it is still a flat correction although the right valley was established low than the left one. The market is consolidationg within wave B of (Y) and it can dip between 14.23 and 13.24 into the blue box of Fibonacci retracement area. After...
If the price enter inside the channel and breaks the Blue TrendLine ..so silver for short..TP1 is 15.1 and TP2 is 14.95
Monetarists will pump trillions of dollars in the system. This time it will be even larger QE4. The normalization phase of Fed reversed already in Sep 2019 with repo market collapse. Gold should adjust its value. We are in the middle of nowhere - market is above critical 1400 and below all time high of 1921. This is a simple trend based map. Watch the mid-channel...
Silver is on a 4 week rebound following the 11.650 bottom made last month. On the 1W chart, this move has recovered 50% of the losses (trading just above the 0.5 Fibonacci) sustained since the decline from the 18.950 Top late in February. This is the reason that the 1W technical indicators are back to being neutral (RSI = 45.325, MACD = -0.562, ADX = 21.014,...
Only in the early 90's did the Gold/Silver ratio reach 100 ounces. Now it's way beyond!
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Silver has completed last week the bearish leg of the 1D Channel Down that started in September (RSI = 34.367, MACD = -0.179, ADX = 27.061, Highs/Lows = -0.7962) and made a Lower Low at 16.200. The RSI action shows that the price may consolidate a while before rising towards the Lower High zone, but remains an optimal buy opportunity nonetheless. Our Target Zone...
Traders & Investors! Yet another opportunity to leverage the Coronavirus theme out of China. We anticipate flow on effects of lacklustre industrial demand for the precious metal through to Silver importation through EM Asia/China resulting in a sell off. Technicals are lining up for favourable entries across the board. We have added sellside exposure across...
Silver has been trading inside a Falling Wedge since the early September Top (1D RSI = 37.923, MACD = -0.187, Highs/Lows = -0.1939) and is currently on the Lower Low. 1W is turning neutral as the Wedge is close to exhausting its limit. The 1D MA200 is approaching to provide Support. Based on the 1D RSI and MACD patterns, there are a lot of similarities between...
Silver is one of those classic investments that people tend to buy as price moves rapidly in a positive direction. By the time you hear about Silver's performance, the smart money is already unloading their holdings. I like silver. In fact, it's one of my top long term holdings. I think with the positive traction gold has had over the past 20 years proves the...