Silver is squeezing on the 12hr with momentum currently to the upside, the momentum divergence looks pretty decent too. We do have to watch for a potential rollover and short fire so track the squeeze by getting the Maxx Momentum indicator To add to this silver is currently in a beautiful weekly short, I am looking for it to roll over. So this is a counter trend...
Welcome Back! Today I wanted to take a look at silver to find the next area of accumulation. Taking a look at the monthly, silver has been retracing for the last 5 years and it doesnt look like its quite done yet. Prices recently broke out of a descending traingle, indicating further bearish continuation. However, 3 waves are often short lived so the best thing...
This month's observations and discussion points are as follows: + Looking at the RSI, 200 MA and candles, it would not be unreasonable to believe there is more down time ahead. + Buying when the RSI is oversold on the monthly chart is not a bad good idea (not financial advice) as after the ONLY two previous times, bull runs have followed. Crunching the...
The precious metals show very weak signs. Within only approx 8 Weaks the neutral trend changed to a negative trend and several supports haven been broken since then. Even the long descending trend line has been broken so that we´re now in the older downtrend. Silver (in $) has reached a swing trend line at ~14.85$ - this could be seen as support. Also it is on the...
Rebounded off strong support. Doji formed followed by a bullish candle. TP1: 16.50 TP2: 20.70 SL: Below the wicks @ 14.00 Good Luck and Trade Safe!
Silver has not only left the negative trend channel to the bottom but also has had a bearish engulfing (2018-07-13) just after having a small recovering. There is a new support line, parallel to the existing trend channel and this should not be broken. RSI is in bearish zone, the trend shows a sideways move. MACD is clearly negative. To give new bullish signals...
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. ...
I love silver more than gold...WHY Well looking at the chart and technology, gold is very manipulated and silver is almost 10x less than gold Plus not to mention 1 oz of silver will get you 6 months of food in Venezuela, not that you are gonna go to Venezuela. Right now it still needs to complete the weekly rising/ ascending triangle. I would not be buying...
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
The price of silver has rebounded on the swing trend line (support) and rose quickly back to the upper limit. RSI is bullish - not oversold and MACD signalling a positive trend (signal line just triggered). The vola of EMA 50 has been lowered - perhaps a good sign for the near future? Buy: if silver leaves the trend channel to the upside - aim is the swing trend...
After the last breakout of the negative trend channel (bull trap) Silver fell quickly back in to the trend channel but rebounced on the long descending trend line (coming from 2011). This is a very important support zone and it held. With much momentum Silver regained the next resistance at 16,40$ (swing trend line) and continues actually to the second resistance...
According to Fibonacci, Silver in a bullish scenario : $22-$24 Silver in a bearish scenario : $9 - $11 US Dollar is getting stronger compare to other currencies. Countries are eager to turn their cash to Silver and Gold, before they get bankrupt and keep the value of their money. It is likely to see a bullish run on silver shortly.
Silver looks to be breaking out from its short term downtrend. This will have long term ramifications on the gold and silver bull run. Expect much higher prices for both Gold and Silver by year end. Silver especially will be very volatile. Load up on silver miners as they will benefit the most from this.
This is only the beginning for the increase in demand for hard assets like silver and eventually fleshed-out cryptocurrencies. Short term complete the pennant and bullish breakout.
Silver could potentially break out above the downward trending triangle it has been in for the past year and a half. Expect it to be aggressive when it does happen.
The major monetary metal in history is silver, not gold For most of mankind throughout most of history, silver has been the much more important monetary metal, familiar as the metal of daily commerce. Gold was used only for very, very large payments, which most people make only rarely, if ever. Both silver and gold are monetary metals, i.e., they both benefit...
Silver Appears to be in a Bearish Rectangle, which would make sense because I just bought a lot of it. Consequently, this and the current setup in Gold would cause the Gold to Silver Ratio to INCREASE to even more absurd levels...
Very bullish on Silver. In my opinion very undervalued and manipulated. RSI divergence, bulls taking control. Pattern retracement before breaking above. Volumes rising. Weekly support. Bullish to 50$ in the next few years. Good Luck.