I try and breakdown silver as simply as possible, there is currently a lot of outside noise on #silversqueeze but you have to take a look at the fundamentals and let the market tell you what is going on. It is a very simple chart albeit with a lot of volatility. I think we are at the early stages of an uptrend in silver for 2021, I am hedging my bets early that...
We have an order block below the previous support on Silver (XAGUSD) The support marked has been hunted with a wick once, let’s see if we can get a second manipulation followed by a bounce to the upside.
Once $30/oz. is broken, it will be just like the 2010 breakout over $20/oz. when the price went ballistic for months thereafter..
Our updated Silver chart. The price is finding support and we are buying again now but a drop to 26,4 is possible and we will be ready to buy even more then. Remember: a healthy support is a good sign of the price's possibility to rise in the long run. Watch today's video for more into this matter
Just my thoughts on Silver and some educational tips. a few things about Silver: - Silver has the highest thermal conductivity of any element Out of all the elements, silver is the best electric conductor, and is actually used as the standard by which other conductors are measured. On a scale of 0 to 100, silver ranks 100 in terms of electrical conductivity....
Silver intermediate cycle bottomed with gold on the 30th November. Silver didn't have that serious decline at the end of the last intermediate cycle like gold. Notice that we were in a consolidation box for 4 months and today we broke out. Is it too late to enter the party? No. We are still early in this game and I think silver will run to 42 and maybe to 50...
silver 2% long positions increased by professionals, gold silver ratio reduced by historical level 113 to 68 yet. silver movement is more volatile use low risk wider stop loss and target. buy xagusd if deeper correction occurs.
Hi guys! 👋🏻 🔔 Silver is one of the assets to watch ahead of FOMC Meetings and Fed rate decision. Do not expect the Fed to change the rate, however will pay a lot of attention to what Chariman says. DXY is holding above 90.400 support and any positive phrase could bring the DXY to 91. 🔔 On the other hand, VIX is up 16.20% and above the dynamic support of October...
- Silver is considered a safe haven asset - Silver has historically an edge against inflation - Correlation with Gold - Wolrd economics trend are bullish for gold, - Also r/wallstreetbets, getting hype around silver is only good
If you go check any bullion site right now, they are almost sold out of silver. They halted sales until a price gets set Monday at market. Right now ebay decided on $35/ozt, for 100ozt bars! <=5ozt are going for $40-50/ozt! So we're looking at a pre-market spot price of about $45 average. This liable to jump even more. Gold is 9x more rare than Gold. So fair...
Silver coming out of consolidation after the best consecutive daily volume since August. Looking for follow through. $SVL $TMZ $IVR $MTH $ARD $EQE $WRM $WRM $SCI $ADT
Make sure to comment your ideas below. Follow for more! Good luck everyone! Your sincerely, The_BingeTrader
Silver has been looking healthy and strong, after a period of stabilization, it recently broke to the upside now above $27. Next target $30
Purple = weekly Blue = Monthly Orange = Daily grey = 4hour pink = 1 hour Hello Traders and Analysts, Based on what merit? We have seen a nice impulse into the channel and a rejection upon reaching the zone of $29.00. Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within...
In my opinion it belongs in the range of 4- to 50$ If Gold is close to all time highs then how can Silver be at half of what it was almost 10 years ago? I have been buying silver from time to time and doing again the last few days.
The expected trading range for today is between 25.50 support and 27.00 resistance.