Video breakdown on the $SLV squeeze talked about in the WSB! What does the chart say, and what are your levels?
Silver broke out last week of multi month resistance on the weekly and daily charts. Target should be new highs. Only thing that concerns me is that it is nearing a Demark 13 week sell signal. Which comes in this week
SLV price levels taken from Daily ATR Point & Figure chart
Long term: The cup with handle pattern with the break up out of the handle is vey encouraging. If we later we get a weekly clear break up above the 41.5 level I think it would be very bullish. Short term: we have a positive reversal in the daily RSI followed by a bullish divergence which supports higher near term peak ahead. The daily RSI target is labeled....
Now that everyone looked up the definition of short squeeze "people are saying" there is a short squeeze coming in Silver! Is this a reliable indicator?
steady rising buy volume and and market sentiment has me looking to get into this one on Monday. Green lines are monthly levels that I am interested in for possible take profit areas $30+ quickly would not surprise me with the Silver hype/squeeze talk coming.
If we breakout of this - lights out. $35 is coming and then higher. Ton of macro reasons to buy it - I truly think silver is under valued. Did you ever ask yourself why in the world is Gold and Silver doing so poorly in an environment when it should thrive? Rates are low, ton of money supply...? WSB is pumping $SLV already. Will they succeed? - I don't know....
The GME saga has gone for too long. Jan. 29th saw Robinhood and co. go to desperate measures to prevent irreparable damage to the market. - The puny market pump for Big Tech ER is almost over. Nothing can hold it up anymore. - 70 billion has been lost by short institutions, and they are long positions to cover their short position - The short interest remains over...
Purchasing in the physical market will force the ascending triangle established throughout the last year to break out hard to the upside for XAG. Bonus info is to watch physical PM dealers prices on the weekend for an indicator of futures prices. Currently they are climbing fairly aggressively.
- Gamma squeeze of silver and silver futures is possible. - Key is that the supply of underlying is only a fraction of the future contracts being traded. - If enough contracts are physically settled, there will not be enough underlying, and this will squeeze the price. - In essence, the silver market will be cornered. - Up against JPM & co. Tough competition. I...
Charts indicate we could be in for another spike, the likes of which we have not seen since the market crash of 2008. All EMAs are converging on the current price point and with a tremendous amount of squeezing to be had in the weeks to come, more and more people will be hedging with silver as the big hedge funds start to take losses. Squeeze indicators show a lot...
Next week im looking for a small pull back and then a bullish run to start up towards 2k. As the reddit crowds start to gather around silver its only right gold follows i think we will see both hit all time highs within the first quarter of the year. Good luck everyone
This asset has a lot of attention right now. Entered Long on this highlighted Demand Area.
Grab the bulls by the horns and you are likely to get gorged.
You probably know what happened to GameStop. The new instrument that has aroused the interest of regular investors is silver. Yesterday we saw a rise of almost $ 2, but immediately after that the price fell off. Today we have the opportunity to see a new rise. Confirmation will be exit from the triangle and a break of the previous peak. Expectations for...