I'm buying #USLV $USLV @ $8.22. A 200% profit in a few weeks/months would be nice :d
After the price of Silver has touched three times a falling trend line - parallel to the long term descending trend line - it has had a big dump to very low prices. This has formed a chart pattern named "3 descending peaks" and the vally between the second and the third top serves as neckline. Breaking this line causes bigger losses, as it has done in real. There...
Clearly the trend is down on the weekly and daily time frame, however, if buyers can show some evidence of taking out a supply zone on a lower time frame, there might be an opportunity to take a short term long.
After having posted some rather bearish views, here are a couple of bullish views. First, if the current triangle is wave (B) in an ABC correction then after the recent 5 wave down move (5 valid waves are present on some charts for silver and not for others (as the wave (ii) extreme is slightly higher than a 100% retracement on some charts - and not on others -...
Very interessting stuff. It look like silver is about to continue wave C down as it is completing wave 2 in a 5 wave down-move. Both commodities are declining of late, although silver would appear to be closer to its support (my published TA gold has the potential to decline to ~$5 to 600 over the next few years) while gold may have only retraced partially from...
The chart pattern is called symmetrical triangle which could break to both sides, but fundamentally everything is pointing to a huge correction, potentially even financial crisis. If that were to happen, Gold and Silver are going to rise significantly acting as a value-shelter. Keep an eye on it. *This is NOT investment advice, trade with your own responsibility.
Silver is a very attractive investment opportunity, but as with any trade, the entry timing and price are critical. I am still looking for an extry point but regard silver as potentially very attractive as an investment / trding opportunity.
Looking at the daily chart for silver, we can see the price action has formed a double bottom. You can also see a slight falling wedge near completion, which is also a bullish indicator. With support on the MACD and RSI, silver is a strong buy at this price.
The price of Silver ($) touched the lower limit of the trend channel and rebounded! This is a good sign, because it shows that the trend channel is strong and active. Now the silver-price can climb up to 16.59$ before reaching the upper limit of the trend channel and also the resistance line, formed by a fib retracement 38,2%. Some gains to make in short time. ...
This setups is similar to Gold, but Silver hasn't quite developed as far yet. I am still waiting for a completed kumo twist and chikou span to raise a little higher to confirm we will indeed stay bullish. So far we have seen price continue to bounce off kijun sen as support which is promising of an eventual bullish breakout. If we can get those bullish...
With crypto and stocks, many overlook that boring shiny thing that used to be the basis for sound money. Personally, i like the actual physical silver...and it's a good idea to have some for a rainy day...or financial collapse....or a zombie apocalypse (and based on how many people are on side-effect laden meds, maybe that's not so far away, though i...
Looking like a build up of orders waiting to get filled into the market for Silver at around the 16.00 area. Although this would most likely be for the short term as sellers look to be waiting at around the 17.20 area keeping price contained within the channel.
It is a matter of time for Silver to brake the current Pennant. Due to numerous reason (check the attached idea) my opinion is that it will brake bullish. The only question is if it will have a false brake down before the pump starts. in case of a brake down, I see the levels of 15.575 and 14.630 as strong horizontal support
Hi guy's, Silver is moving the way we expected for a long period of time which means we seem to be on the right page when interpreting this instrument. The buy is about to kick in and that is one of the best, safest and easiest trades you will find. Check my weekly outlook for context and explanation. -> YouTube: Tim Stuyts
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!