I like the breakout, volume spike. First target $52.70, after that...sky is the limit if the commodity keeps pushing higher.
Potential long entry above $47.00 Target price $50.00
Looks great SIL burned time off the clock and worked off any divergent high potential. strong gap over resistance and retest. strong breakout with volume over the channel and we should see 90 on this.
Another 6 month candle chart for silver senior miners. Reverse symmetry move should have it +70 in next 2 months!?!? Beware of heights. Maybe Q1 2021 for the conservatives? WOW. #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
Bear flag gone too long. I would say load the boat with gold and silver stocks. Good luck !
If SIL can hold above 44.5 the next few days, we could see a breakout to 66, 67 over the next few weeks. If not, it could drop as low as 40 before a bounce. That would not be surprising either as we're in a time of extra volatility likely for the next month. If it drops much below 40 I would get the hell out of all stocks.
from march low til now SIL outperforms SLV Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
ADX over 25, and the price seems to be breaking out of trendline on the weekly chart. (Note that I am displaying the daily chart)
Silver Miner Stocks, Broke out from Resistance, Retested Support Level, above MAs(CrossOver imminent). Stocks, front-running the metal's break out ?
Descending triangle on descending volume Price currently on 33.98$ support Resistance at 36.85$ ATR lowering (lower volatility) Cons PPS above 50MA 200MA pointing up RSI above 50 If confirmed: Target #1 = 29,90$ Target #2 = 27,80$
On the weekly chart you can see there is a long term down channel in SIL. But the on the recent low at 16 was above the precious low. And there was a bullish divergence in the weekly RSI. On the daily we have sort of a cup and saucer look. I would not be surprised to see a break up from here above the downtrend channel. If so a possible initial target is given....
Not financial or trading advice! Entry: $30 Stop: $21.50 Target $55 Risk/Reward: 1/3 I am long term bullish silver via the SIL. Given recent CB policy and other fundamentals I believe that precious metals have further to go higher. Gold has run recently althought pulled back. GDX appears possitioned to break out of a multi-year base. Silver seems to be a...
im thinkin it may retest 27.58 before a move higher
As you all know, the Gold/Silver ratio OANDA:XAUXAG is high enough to trigger a Silver mania once again when the recession hits. The entry point is $30.5 or now, expecting a target of 50-60$ by the end of the year. Doubling your money in less than a year is great enough, and please note that such ETFs perform better than OANDA:XAGUSD prices for a simple...
Some traders went short on this H&S break and will be forced to cover when the price goes higher. The trend on the daily is UP with trend line support and silver is setting up for a short squeeze because traders went short on the monthly break of a triangle and a W pattern formed and price action is going up with large up bars.