The iShares Silver Trust (SLV) has been beaten bad, falling over 13 percent prior to Friday’s rally. On a combination of low inflation and low growth, silver has fallen long out of favor with Wall Street (but remains a small investor’s favorite).
But, there are a couple factors that could signal, at least in the short-term, SLV may see some upside.
First, price...
Hi all,
On this chart we have the trendlines and support and resistances zones.
When a trendline breaks, price will retrace, at which you can enter in the original direction.
They are an indication of where to enter.
Best of luck!
After a sharp rally price in silver is testing a long term resistance level. At that level we have two very important factors which makes me believe that price will sell off. First, we have a completed butterfly pattern (price almost touched the 1.27 level but it's valid to me). At the same resistance level we have a completed 5-3 elliott wave cycle with C wave in...
Expecting a massive crash in Gold's price right now as I speak when it breaks down from the year long descending channel.
There'll be panic as it'll be all over retail as CNBC starts painting the end of world. That presents one of the best opportunity to buy as it will be heavily shorted and sold by retail.
(see the chart)
$1,000 per ounce is near - an existential victory for Wall Street
Historically, gold has been a go-to for times of financial uncertainty, whether deflationary or inflationary. Unfortunately, with the perception that central banks around the world will stimulate until growth shows up (hasn't so far) and a global slowdown won't turn into a global recession, gold...
Silver is currently doing a "triple bottom" and about to break down from this current level. Drop into previous resistance is expected. Which should be around $8-9.
Should silver price in retail demand or economic sentiment?
Silver prices have rallied hard since the beginning of October, up almost 10.5 percent since the October 2 low. However, traders are now budded up against key technical resistance. Will traders’ sentiment reject silver’s upward momentum, as it has done seven times since 2013, or will demand spark higher...
It is better to look for short signal based on H4 downside trendline. Take short entry when price breaks 15.61 level with a reasonable stop loss on lower time-frame. Though gold has a reversal pattern for going down too, it is not as obvious as silver.
In " Gold Leaps Higher as Worries Mount ," I briefly pointed out how those very same institutions that championed quantitative easing policies implemented by the Federal Reserve are now coming out to proclaim quantitative easing added no substantial benefit to the real economy .
Gold was pushed lower on the assumption that central banking policy would all pan...
The Gold/Silver ratio is currently suggesting that silver might outperform gold if commodities continue to rise. I'm basing this mostly on the recent price action in the GC1!/SI1! ratio as signs of fatigue have appeared just below a long-term channel resistance. Note that silver prices alone successfully held the 2014 lows at $14. Those who are aggressively...
Although my overall analysis in silver shows that price moves to the down, we now have a high probability long setup. Price is testing a key support level (black trendline in the chart) and has formed two harmonic patterns with both their D points exactly at the support level, bullish gartley and a bullish ab=cd.
Speaking in elliott wave count, we have a...
I'm long silver as of today, stop under the previous low in the 1h chart.
This is a very aggressive and potentially dangerous entry, but I think it's fairly possible to see a rally here.
Even more than a continuation in gold.
In fact, I'll add the silver/gold ratio to the comments section to illustrate my reasoning here.
We can profit from this Silver rally in...
Price broke a channel which represented a correction wave after a sharp impulsive down leg. After that price has pulled back at 0.618 of the shorter impulsive that broke the channel.
Entry Point: 14.731
Stoploss: 14985
Profit Target: 13.511
Since its peak in 2011, $XAGUSD (Silver) is on a clear downtrend that only accelerated since the second half of 2012 (only minor pullbacks as sellers became more aggressive).
On November 2014, just as QE ended, Silver touched the PRZ of a weekly bullish Bat pattern (notice that B point didn't reach 61.8 to make it a Gartley). Despite the light pullback that...
