We have a bit different situation in Silver. The flagging formations on the monthly chart failed more compared to Gold. In fact, in 2012 there was a clear depreciation in this market – flagging formation that broke to the downside; tight consolidation followed by the final breakdown. Certainly, it is too early to jump into this market, but in the case, we see a...
SILJ : Are you bullish on Silver ? Beautiful rectangle pattern on junior silver miners . Traders could trade the top and bottom of the rectangle or wait for a break of USD 18. Potential target of 22 if we break bullish. Then we could see 30 if Silver breaks past USD30-35. Trade safe.
Alien metals (UFO) after an 8-month correction seems to be about to turn up again judging by: - A momentum turning up - A reverse head and shoulders pattern - A price above the 50-day and 200-day moving averages - A positive Ichimoku set up Knowing that last year's up leg ended up with a multiplication by 30 of its price, before correcting, UFO could this time...
SILJ HAS BROKEN OUT ABOVE A LONG TERM RESISTANCE DATING BACK TO 2016. WATCH OUT FOR THE COMING EXPLOSIVE GAINS IN SILVER JUNIORS
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.
SILJ HAS BROKEN OUT OF THE PENNANT AND IS SITTING JUST BELOW LONG TERM SUPPORT DATING BACK TO 2016. IF IT BREAKS OUT ABOVE ON MONDAY 31ST MAY THEN EXPECT EXPLOSIVE GAINS FOR MTHE SILVER JUNIORS.
SILJ is likely to outperform the metal on the next leg higher Now could be the perfect time to purchase silver mining shares on a scale-down basis before the next leg to the upside. Silver mining shares tend to outperform the price of silver on the upside and underperform during price corrections. Therefore, they act as leveraged tools for the silver market....
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,...
Silver $SLV bounced off the strong support and so the miners, perhaps it is good entry point for long term #SILVER bull market.
SILJ is currently moving in an ascending triangle. We believe a breakout is very close. Fundamentally, Silver is looking very strong so we believe the breakout will be to the upside (targets are shown in the chart). External factors are out of our control so if for some reason Silver starts breaking down, $13.50 would be the first large support. Other than that,...
HL bounced right at $5.3ish the make-or-break point, a critical level to watch and we should have an answer soon
It is time to start considering a major platinum trade in either spot or $PPLT equivalent. The measured move target of $1300 is shown and I believe we can get there by March 1 2021.
This could be an important moment in silver. I prefer that the metal stay cheap but I fear we are about to run out of time before this train leaves the station. What do you think will happen to SILVER over the next year or two?
I feel like I am a little late to this party but there is a strong technical break out on this chart, cup and handle + RSI and MACD has room for more growth. I can see this easily get to $24-25 and if we break out of that then could easily end at $34-35.
-Divergence of RSI MACD STOCH against the general downward trend, similar to late 2018, -lows holding, highs descending between 32%and50% RT -similar to 2018, same as gdx -ONE dirty dirty DIRTY heart crushing gap from the Spring rebound (not on chart) I'm like NASCAR, left turns only please.
Silver to target the top of the channel. - HH_Analysts