AG and PSLV are both popular silver stocks that more or less track the spot price of silver. PSLV cannot be shorted as each share is backed by 1/3 of an ounce of physical silver. Meanwhile AG can be shorted, so let's look at this chart of AG/PSLV to get an idea of what short sellers are up to. At the beginning of the month it looks like short sellers got scared...
Almost like a machine, we seem to get repeated instances of these strong drops, followed by flat trading, and then a jump back up to the start level. I call this the reversed SEMI BART pattern, as it is not quite as flat and defined as we got used to seeing in Bitcoin, but still has some of the hallmarks of the pattern.
Long term fib sequence pointing to higher silver, specifically 37.65 for a 100% move, probably have some pullback there before heading to 47.50+ later this summer
My other chart didn't show the broader picture. That's why I posted this one.
Bullish ascending triangle forming on silver on the weekly chart. The price target is $48.55.
silver looks like it is forming an ascending triangle. there is also a macd cross on the weekly chart. Last time we had a weekly MACD cross silver moved from 17-30$ in the summer. Silver will launch this week. COMEX deliveries on Feb 24th
I have been looking at XAGUSD vs XAGCAD, with the theory that the relative performance of the pairs could be a signal. In this scenario, CAD should be thought of as a proxy for commodities, of which Silver is just one. The USD is acting as a measure of the wider economy, and the role Silver plays in it. Starting with the long term then, some general notes. The...
Quick, fun, 10 year look at the silver price monthly. Post Covid Interest is remarkable. Just a silverbug take. I'm long and biased! Eagerly anticipating additional support as the industrial beggars enter a future where they will bid to my HODLer brethren (monetary understanding) askers. @Badcharts1 @TradingView
Silver's is undervalued comparing to real inflation adjusted silver. Gold reached ATH in august while silver raised to 30$ which is not near as it's ATH of 50$. Technically silver is now where gold was in 2019. when it broke 7 years consolidation period. It's is real asset which has industrial use and investment asset as well. Green technologies have high demand...
Poised for a breakout above 30 after retesting strong support!
SILJ is currently moving in an ascending triangle. We believe a breakout is very close. Fundamentally, Silver is looking very strong so we believe the breakout will be to the upside (targets are shown in the chart). External factors are out of our control so if for some reason Silver starts breaking down, $13.50 would be the first large support. Other than that,...
AG has left a couple of gaps on its way down in the last couple weeks. We believe these gaps need to be filled, therefore we see a rise in AG! Of course every analysis has its own story and ours could play out totally wrong, but we believe the odds are in our favor. Right now, the orange uptrend line is being used as resistance. If the orange line breaks, next...
If silver cannot break out of this bear flag to the upside, $25 seems likely leaving the people who bought in the #silversqueeze trapped, if trapped sellers rush to the exit and sell, price can waterfall down to $22-19 making it a great buy area to go long. For a valid breakout, we should re-test the gap and it should act as support, in this example it has...
With the advent of physical supply dropping, and the seasonality and market fundamentals that favor silver, I think this TP selloff will reverse once it's done being rangebound.
$LODE Would also be one of my top picks if we are entering a Silver Bubble over the next month. You can clearly see that it's a reverse split and has the lowest float for a silver miner that I could find. This came after a surge in retail trading pushed the price of silver to an eight-year high. As the war between Reddit board traders and hedge funds continues,...
The silversqueeze has caused a breakout in silver with the price now backtesting the resitance line. This must hold above $27.74/oz or this rally will be short lived.