Wyckoff defined three market laws: 1. the market is determined by supply and demand. 2. prices are the result of the considerations of market participants (bulls as well as bears) and therefore never random. 3. changes in volume and price, allow for predictions of shifts in supply and demand. Wyckoff's trading method: 1. determine the current market...
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Our chart shows support and thus we are attempting to Buy. We have covered Silver fundamentals previously, look at the related ideas below.
Silver will continue Uptrend! Watch out Friends!
An update of a previous chart. Just a bit more of a play with time frames, although the core 16 year cycle is still solidly in play. Most interesting thing to note was the .38 ratio in play between the big movements. This is the after affects of Gold standard removal in 71 coming home to roost, incredible. Interesting!
Silver is looking to test the weekly TA trend. This could possibly be the beginning of a new bullrush if the resistances shown on the chart are broken. It would likely mean the start of more volatility but also a larger uptrend. With macro looking the way that I've mentioned previously I'm decidedly positive and long silver. Let's see where this takes us and if...
Unlike Gold, Silver is in a clear uptrend, with the price putting in higher lows and higher highs since the beginning of December. The spike to 30 from the beginning of February is now corrected and XagUsd looks ready to resume it uptrend. At the time of writing Silver is trading at 27.55, just under 27.80 resistance and a break above resistance can lead to a new...
Trap 2.0 Will placing 2 positions once the market is open, price is above the 10, 20 & 50 EMA! Most recent candle engulfed the 3 previous candles. TP's will get hit, money will be made! *Markup is on the daily so it might take a few days to fully play out but hold & don't fold!* (Personal recommendation try to buy physical silver, the central banking system...
Silver is forming a bullish ascending triangle with the potential to break out in the coming days or weeks. It may be possible to get another rejection on the resistance line, but I would imagine as the economies of the world reopen and velocity of money starts to pick up, inflation will drive silver up to old highs this year. Long/hold position is wise at this...
Long term indicators are turning positive whilst the FIAT money printing is increasing world wide to counter-effect Covid-19. As a counterbalance precious metals and diamonds act as value preservatives. With this reasoning my speculation is that we are getting closer to a clear turningpoint within this field. Due to this I'm long silver both as investment and...
Hello everyone, Here is my look about silver in long term. First of all, the trend is still bullish, and DXY is still getting weaker and weaker as US still printing money non stop. Price might be able to reach the month high 2011 at $48 - $50. And recently, we just break out of the short term down trend. If you are agreed with me on this, I do recommend people to...
Hello. Let me get this straight. First of all, I am a holder of physical silver and I find it very strange, that Jamie Dimon (JP Morgan) is meeting the one and only Joe Biden just after a rough couple of days of silver going up in value and demand As of recent, I noticed a strange volume occurring on silver futures and I thought I would do some digging, and I...
Silver, Bullish Continuation and Breakout Significant Support!
I have a long bias on Silver, XAGUSD... key reasons.. 1. Silver has already made a new all time high and after consolidation, it is making it's way back up forming a steady uptrend movement to retest the highs. 2. Silver is a utility metal unlike Gold, meaning it does have a lot of demand especially due to the growing electric vehicles industry. 3. Silver as...
Silver (often traded through SLV/PSLV ETF's) has had a busy week! After getting pumped to 10-month highs on Monday, we saw sellers attack price relentlessly for 2 days. Today, however, was different. Back at old-resistance/(new support?) from 2020 at $24.50-$25 on SLV, we are seeing a basing pattern with hidden bullish divergence on the cumulative volume...
For further details about Flags: Upward breakout 60% of the time (Bulkowki research below). thepatternsite.com
With the talk of this stimulus suggested by Yellin, inflation occurs regardless. Entered @26$, TP around 30$, However, if we break this resistance we are definitely going to at least 35$. Will have to re-evaluate then. Would've bought some real stuff but all the bullions are practically gone... Good luck ladies and Gentlemen! Still bullish! TVC:SILVER...