Idea for Silver portraying a double bottom that pushes price up
A break from the downward movement that has been seen recently on Silver.
Daily timeframe
Daily/4h time frames analysis on Silver.
Price action analysis.
Key levels & candlestick analysis.
Trading recommendations.
Thoughts.
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There is a REASON Kiyosaki won't shut up about SILVER, and I have found it! MACRO C&H/Bull flag targets are INSANITY, but extremely likely to play out over the next quarter century or so...
When it comes to commodities, silver always comes to my mind as an inflation hedge option.
Certain benefits Silver offers :
1) Inflation hedge: Silver has historically been used as a hedge against inflation. When inflation rises, the purchasing power of fiat currencies decreases, but the value of silver tends to increase. By holding silver, you can protect your...
Hold your horses! Silver looks as if its ready for a squeeze ! I predict an impulse movement creating silvers ATH any day now. 80 dollars, however i do not think it will sustain there long, most likely finding a bottom of 43 dollars. Then up to 111 dollars peaking impulse around mid-to-late June.
Hi, this is my new update for Silver. This week we got a big green weekly candle (+10%). We lost a big support level 2 weeks ago around 21.50$ and now we are above it again, I think that was beautiful bear trap. Right now we have smashed all daily and weekly moving averages and we are getting back the bullish momentum on daily chart. Another thing that is bullish...
We had a pull back. Looks like we have confirmation. Bullish. We are at discount level. We could break Resistance at $0.70, with data coming out next week, FOMC, GDP etc...
As a European-based investor in Silver and Gold Miners and Funds, this chart departs from the US-centric approach of USD and SP and DOW and looks at the price of Silver in Euros purchasing power of the DAX. This is my first idea so stay tuned.
Hi, this is my new update for Silver. On 9th may 2022 we broke important support level 21.60 - 22.10$ in Silver and after ranging below it for 210 days, we finally broke the resistance on December 1st. In the last couple of days we are testing it, to see if it holds as support level again or not. I expect that we are going to hold the support level, because at the...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
The last three weeks Silver perfectly tested a quite obvious previous weekly support zone, which was now turned resistance and with this weeks candle the market finally rejected the zone towards the downside.
Considering the fact that we are now testing an insanely strong...
I present the Grand Silver Supercycle. Silver has followed Elliott Wave Theory nicely through the years. The price hit a century low during The Great Depression, beginning what I believe to be the first wave of a supercycle. There is a clear five wave pattern up from this low, peaking in 1980. This is supercycle wave 1. Then, we see a five wave corrective...
Silver outperform gold during major crisis.
During each crisis, Gold and Silver always performed exceptionally well compared to many other markets.
In this study, we could see that during major crises, silver outperforms gold.
Commodities are a good inflation hedge asset, precious metals are a good inflation and currencies hedge asset.
Interestingly, prior to...
The silver market began the initial subwave of a new, major impulsive wave, marked as the third in a sequence. This cyclical pattern can be traced back to the year 1932, with the completion of wave one in 1968, the corrective wave two in 1971, the impulsive wave three in January 1980, the corrective wave four in 1991, and ultimately, a truncated fifth wave that...
1. Silver will remain in a supply deficit in 2023.
2. The US dollar index is plunging. Moved from $115 to $102.
3. Silver is in high demand as China reopens.
4. Silver is already in a bull run having jumped by 38% from its 2023 lows.
Silver broke through its resistance at 24.39 on the 4h graph, signaling probable continuation of the bullish trend.
Both MACD indicator and the RSI indicator are signaling bullish trend as well, with MACD histogram being above 0 and rising and RSI being above its neutral line.
If the trend continues we might see the price reaching levels of 24.77 and 24.87
In...
Precious metals open higher on Tuesday with gold and silver rising 0.9% and 1.9% respectively. Silver has surpassed last week's high, testing the next level which is around $24.7 since January 2022.
It's important to stay informed about the market and various data reports that can affect silver prices. Here are some key data reports that traders should watch when trading silver:
1-Gold-silver ratio: The gold-silver ratio is the number of ounces of silver that are needed to purchase one ounce of gold. A high ratio indicates that silver is relatively cheaper...
