It is increasingly looking good for the First Majestic stock, as the price is further moving away from its support at $12.56. Below that mark, we would experience a decline under $10. However, we trust the bulls here to make significant advances and push the price above $33. Silver is the new gold!
The breakout of the Silver Copper Ratio suggests Precious Metals outperforming Base Metals over the coming weeks
long term trade, silver on its way back to all time highs
Silver is looking strong, we have had a breakout of the downward trend line as well as a nice retest. Currently looks to be forming an inverse head and shoulders pattern. Needs to break above the neckline around 24.80. If it is able to break above we could easily reach a target of 28.00 - 28.50. Thank you for viewing my post!
Trading the supply and demand methodology. We have price inside daily RBR demand that broke downward trend line and we have price reacting off of daily RBR demand. I went down to a LTF (lower timeframe) and notice evidence of buyers stepping in. Quality DBR demand that broke downward trend line and removed supply.....Thoughts?
Silver looks to be in the midst of a pullback. Wensdays FOMC meeting and fridays non farm payroll numbers will be crucial to the markets movement next week. If the fed sounds very hawkish, the pullback will likely go a little deeper for silver, possibly to the $22.60-$23 level. In the case where the fed comes off dovish or metals react positively, I see silver...
Silver has had a powerful move as of recently. I believe that it is coming into some strong resistance at the $25 mark, along side some weaking momentum on the smaller time frames. Silver gave back a great portion of its rally on friday after backtesting the rising wedge it broke down from the previous day. The 4hr chart exhibits some bearish divergences that are...
Dollar bears think time is running out for the recent strength. This is how to trade it if it does. The 200 week EMA above will surely be a barrier if it even gets there. The signal worth waiting for is a clean trend break where the likelihood revisiting the lows increases. Oil is a great way to play this. Eventually, price should find it's way to $90ish...
That pop higher today above $22 is pretty key (PURPLE resistance line, most significant). Looking for $23+ Understanding Support and Resistance Levels: Remember, the more informed and objective we can be with numbers, the more confident we can be with our trades. That’s important because, although price action is random (a fact that has been proven time and time...
looking back over 2021 the share price of this royalty company has done it all. We have seen a sell-off that culminated in massive volume (for this company) putting in a base. We then carved out a trading range before catching a bid to new 52 week highs. The recent breakout was welcomed, but the pullback to previous resistance on low volume, which is now acting as...
Macro Cup & Handle + 21 Fib Time Zone + Fractal The scenario means we go down a little bit more. We then consolidate for a couple of years before we have a parabolic year or two.
Looks like gold is about to turn direction and follow the arc higher towards its previous all time high within the next couple of months.
With regard to all this money printing that occurs and continues abound I equate this price to picking silver like it was priced around 5 dollars good time to pick up some silver eagles (if u can find them)
It has not been a particularly good year for the First Majestic stock. However, we expect a turnaround just above the support line at $12.56. If the bulls can turn the course around there, big-time upward movements await us. If the price falls below the support line, we will see one-digit prices. Happy trading!
Vox Royalty has traded high again as the precious metals all find firmer footing post the FOMC meeting. In a recent interview, Vox said that they have exposure to 35 million ounces of gold and equivalents in the ground, which means they have the potential to reap revenues out of a pot as big as $63billion 🤯 Last week ended well for Vox Royalty Corp as they broke...
XAG Silver has crossed my breakdown trigger fib fan line and rebounded sharply. I'm going to be watching to see if it closes above the breakout line with a downside fake-out, or if it will close below that breakdown line.
AMEX:SLV Possible Scenario: LONG Evidence: Price Action, Inverted hammer candlestick, money-flow TP1: 22.5$ TP1: 23$ when Silver going to spike, it's a strong signal of bearish market, so I expect downtrend on SPY and QQQ Call options 17th Sep, Strike 24$ *This is my idea and could be wrong 100%.
too early to tell if silver is done declining, but there are optimistic signs. Volume and indicators are turning positive. DXY dollar saw some selling. Gold and Oil have been strong this week.