Alien Metals, which is a high beta play on silver, but also other base metals such as iron or copper, seems to be retesting its resistance after a 7-month consolidation. Given the positive dynamic of precious and base metals, $UFO might reach new highs in the coming semester.
The SIL has formed a perfect bullish consolidation below the breakout line, and is likely to move up another ~80% from here.
Silver to Bitcoin bottoming formation complete; could turn in to a nice cup and handle. This is extremely bullish for silver. Wondering how to convert bitcoin to silver? Check out what reddit has to say about it: www.reddit.com
Silver, after a decade long fall, has entered a positive momentum and now offers a high risk-return trade-off. Correcting the price of silver for the quantity of money, we can notice that, according to this measure, the last silver peak of 2011 would now be equal to roughly $100. While this does not indicate whether silver should reach $100 over the medium term,...
Looks like silver is finishing his cup and handle formation soon, a quick bounce up should be imminent as soon as price breaks out of the handle.
Silver $SLV bounced off the strong support and so the miners, perhaps it is good entry point for long term #SILVER bull market.
Long term fib sequence pointing to higher silver, specifically 37.65 for a 100% move, probably have some pullback there before heading to 47.50+ later this summer
BUy the breakout of the rectangle, this is one of the best silver ore bodies discovered on Earth this century, when silver breaks out this may go 4-500%. GLTA
Some profited, some burnt, in Silver's >10% surge earlier this week, and then a sudden flash crash of sorts. what is worse, is that it is telling us that there is a lot of sell presuure higher up, and now it would probably look for the downside support of about 22.50
SIL looks very attractive. This may be a great place to go long! - HH
If SIL can hold above 44.5 the next few days, we could see a breakout to 66, 67 over the next few weeks. If not, it could drop as low as 40 before a bounce. That would not be surprising either as we're in a time of extra volatility likely for the next month. If it drops much below 40 I would get the hell out of all stocks.
see full chart & Follow at www.tradingview.com A while back, you may see me call the top on Gold because it was up 25% in the last 12 months. while market was only 7%. Some things have changed since then, Gold came back down a bit, The FED (FOMC & Powell) have declared they would let inflation run wild. Interesting pattern on Gold, as market is starting to dip....
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
As usual, demand for Gold mining stocks has risen with the ore rally. Mining stock such as KGC has outperformed major gold/silver mining ETFs and completely obliterated gold/silver ETFS since March. It is a higher risk and higher reward play for investors who want to ride the gold/silver trend. EV/EBITDA TTM, Price/cash flow TTM and many other valuation...
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...
Previous resistance on June 8th, now became new support. A close below $23 is a sign of a fail of the short-term bull trend. Next support level is $20.