Silver XAGUSD is at the upper area of the consolidation box. A move higher would be awesome for us.
(note: if the trade analysis brings you some jingle, consider tossing a Hamilton or Andrew Jackson in the collection pail . i'll take it as an offering: im looking to crankup a DOOMSDAY PARTY i got planned down in Texas, and your offering will not go unnoticed spiritually) Greetings investors, traders, speculators, technicians. im looking to throw out another...
Short $AG 10.37 SL 10.86 (-4.7%) TG1 2.34 (+77.4%) TG2 0.67 (+93.5%) TD Sequential 9 Weekly
SIlver (USD)- Monthly chart. Must break out of down-slopping channel (pink). Sadly, hasn't even retraced past the 23.6% Fib Retracement from the 2011 highs. Silver (USD)- clearly has a lot of work to do to recover from the blow off top of 2011.
Silver (AUD)- Monthly chart. Potentially forming a Double bottom. Note over head resistance (yellow line)- 4 failed previous attempts. Yellow line also coincides with 38.2% Fib retracement from the 2011 highs. So a very important line to break to complete Double bottom.
Silver has risen since my last posting (see link below). We may get a short term consolidation here if this is .3 then another rise to .5 then a correction. Or we if this is .01 of .3 we get a rapid extended rise from here. We'll see. If price drops below .1 this concept is wrong. Take care.
3/1/20. Silver has a set up for another leg up if it wants to take it. Yellow support line needs to hold.
As precious metals have slowly gained momentum late this year again, USLV is part of my two step post of updating people on what JNUG and USLV will look like in the coming months. On JNUG, I believe 130 is possible by Q2 2020. Consequently, I see big gains in 2020 for Silver as well and I believe it is very possible to see USLV in the $165-175 range by March or...
We got another reversal confrimation today. Like gold, we are heading for a lower low on this pullback. I'd expect to see 15.8-16.3. Invalidate this position if the recent high from yesterday is taken out.
USLV - Can't Win 'em All, but USLV buy @ $62 was phenominal
Buy the pullback
Silver daily has gone parabolic and is rapidly approaching resistance.
Lots and lots and lots of resistance. Indicators and history suggest longer term SILVER is headed down, and it's a long way down to trend.
Silver FOREXCOM:XAGUSD dropped 10 straight weeks in a row, popped up slightly last week and is dropping so far this week. Last week's higher close shows a hammer candle indicating a possible floor. The Bulls overpowered the Bears and drove the price higher for the week. USLV , a 3x Bullish Silver ETF, is poised ready for a pop up with the RSI showing way...
USLV (bought @ $62) Moving Avg's haven't even gone bullish yet!!
USLV... Let's... Get... This... Party... Started!!!
Silver has broken out of a multiyear descending triangle pattern to the upside. Typically a descending triangle is a bearish pattern so for it to be foiled and having gone to the upside is extra bullish. Moreover, silver entered a bullish falling wedge pattern right after, back-tested the initial triangle's resistance-turned-support and continued upwards. There is...