The Silver price is currently trading below the 21-day and 50-day SMAs. The Stochastic Oscillator period 14 is bellow 20 levels on the daily chart with the signal lines pointing down to indicate a sell signal. Also the bullish trend line has been broken and that in and of itself is not a good sign for the bulls.
The next week or two should be crucial and tell us...
Ladies and gentlemen,
Today my bear-radar is on FOREX.
Supply estimation :
About 1.5 million tons of silver have been mined from the earth over the course of human history.
Is Silver a store value in case of economic crash ?
During 10 years, Silver was in a massive bullrun. The 5th wave, in EW theory, shows an over-extension of the 3rd. The over-extension...
Gold and silver prices are modestly lower in midday U.S. trading Wednesday. The global trader and investor environment at present are one of the scant geopolitical concerns amid a booming U.S. stock market. That’s a bearish scenario for the safe-haven metals. However, such cannot continue indefinitely and veteran metals market bulls are biding their time. December...
Hi Traders,
Price has just confirmed completion of the WXY zigazag with a bear impulsive move. This is just confirmation that we'll push towards $15.00, we don't yet have an entry to go short. A safe way to take short entries is to allow price to correct below the structure. Trade well and always apply risk management to protect you capital.
Regards,
Wave Theorist
Commodities are feeling the downside pressure due to the strong US dollar, there is money flowing out safe-haven assets into the equity market since it's been climbing to all-time highs.
Silver forms a very interesting pattern and has been doing so since the start of September when it fell drastically from the strong rally. The pattern involves a strong 1-2-day...
Like Gold, Silver is still in the midst of a down trend. We've had a 3 wave pullback in the past couple of sessions and price seems to have setup for a short trade. There's always the possibility that this corrective structure may form into a double correction. Wait for clear confirmation before looking for any sell opportunities.
Gold and silver prices are higher in early U.S. trading Thursday. Trader and investors risk aversion has upticked as the week progresses and that’s benefitting the safe-haven metals. The shorter-term futures traders that had sold the metals are also getting skittish and covering those short positions (buying them back). December gold futures were last up $5.90 an...
I am watching silver on the 15-minute chart. Will it get rejected by the 200MA for the third time in the past six days? If so, expect a strong move downwards like the previous two times it's been rejected, pointing to a weaker silver price. Also, pay attention to MACD during the past two rejections, always quiet before the storm.
Silver has created a very bad pattern. Its price that has always been overrated over the years is finally returning to correct values.
I have been shorting the silver since April 2011 when it was at $ 50 and I currently have good reason to believe that the price will continue to fall.
Silver is an even more useless metal than gold and is much less attractive than...
I had initially identified a buy setup which seems to have been invalidated by the push from $17.69 to $17.05. Due to these recent events, we therefore have a WXY zigzag sequence in place and I'm looking for price to push further down into my blue box towards $15.57. The structure is clear and some correction below my trendline will confirm further downside. Trade...
Big Players increasing buying position in long term, for now im expecting price to hit 16$ range.
possible support and new buying opportunities , by last week days 29-30oct. to hit 18$++ in november.
At the time of publishing this research report, Gold is trading at $1488 and silver is at $17.50. Gold dropped more than 1% on Friday which makes the prices plunged from $1510 to $1480($30 move). The Donald J.trump tweet on Friday had a significant impact on the market in which he showed optimism ahead of his meeting with Chinese Vice Premier Liu He at the White...
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