Silver broke out last week of multi month resistance on the weekly and daily charts. Target should be new highs. Only thing that concerns me is that it is nearing a Demark 13 week sell signal. Which comes in this week
If we breakout of this - lights out. $35 is coming and then higher. Ton of macro reasons to buy it - I truly think silver is under valued. Did you ever ask yourself why in the world is Gold and Silver doing so poorly in an environment when it should thrive? Rates are low, ton of money supply...? WSB is pumping $SLV already. Will they succeed? - I don't know....
I've been bullish on Silver for many years now, but especially since the March dump. On the lower Time frames, it's easy to get caught in the short-term moves, but we periodically need to zoom out and see the bigger picture. This chart is a yearly chart that shows us a beautiful CUp & Handle pattern that has a "potential" target of $100. We don't know how long it...
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The chart is pretty much self explanatory and very simple to understand. I pretty much see silver as a good investment whether if you buy shares or you own the commodity out right. This would be my ideal scenario for silver to climb to all time highs by 2022. Break and hold over $27 would open up a climb to $50. This could also happen much faster based on global...
- Gamma squeeze of silver and silver futures is possible. - Key is that the supply of underlying is only a fraction of the future contracts being traded. - If enough contracts are physically settled, there will not be enough underlying, and this will squeeze the price. - In essence, the silver market will be cornered. - Up against JPM & co. Tough competition. I...
SILVER is on the last ersistance from a 10 year old bearmarket, if a weekly or daily candle closes above it and confirms with a retest, silver is going for an epic rally to the upside !
SiLVER has been consolidating for years now, ranging between 13 and 20 USD. We can see a GOLDEN CROSS in May 2020 on the weekly timeframe, which marked the beginning of the current uptrend. SILVER break through 20 to 29.83 in August 2020 and recently got a nice support, bouncing up from 21.5. Previous ATH: 48 in January 1980 49.83 in April 2011 It is unclear if...
Silver miners are breaking out and silver prices are following. I'm quite long First Majestic Silver (AG) and think silver is a killer investment still as we haven't made new highs yet. 1st Target = $36.23 2nd Target = $49.60
In my opinion it belongs in the range of 4- to 50$ If Gold is close to all time highs then how can Silver be at half of what it was almost 10 years ago? I have been buying silver from time to time and doing again the last few days.
You probably know what happened to GameStop. The new instrument that has aroused the interest of regular investors is silver. Yesterday we saw a rise of almost $ 2, but immediately after that the price fell off. Today we have the opportunity to see a new rise. Confirmation will be exit from the triangle and a break of the previous peak. Expectations for...
As you can see I have two possible view about PAAS. I'm bullish on silver and PAAS should be one of the main actor for the next silver miners bull-run. Will be silver the new target for Wallstreetbets community? This is not a financial advice.
Price is facing bullish pressure from our pivot, in line with our graphical swing low support, 61.8%, 100% fibonacci extension and 61.8% fibonacci retracement where we could see a bounce above this level to our resistance level at 25.7448. Failure to hold above our pivot level at 24.8266 could see a swing towards our first support target at 24.3984. Pivot:...
Silver bull pennant breakout will take it to 100000
As always, Silver is showing a more clear picture than Gold... On Monday, similar to Gold, we have a false break of support, marked here with a strong reversal Pin Bar on H4. After this fake break, Silver re-entered its familiar range between 24.50 and 26. Yesterday the intraday spike on Gold also affected Silver and bulls managed to keep 25 important zone...