It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box.
I see silver going down to $24 area, shake out some hands, and rocket up past $30 after...
Falling Wedge / Bull Flag...
200 MA on 4 hr holding.
Bull Divergence on multiple indicators and time frames.
I would not be selling or throwing in the towel.
Adding is the way.
I spent my teens and 20's focused on the wrong things.
I was a late bloomer to trading, investing, and saving.
I had a small ROTH IRA in 2010 with some mutual funds that went nowhere.
Everyone was screaming Silver to $500...
It was headed towards $50.
And I was buying in the mid $40's in 2011 and by 2017 when I learned how to ChART.
I sold it all at a...
MID SUMMER!
BTFD!!!
Bullish Broadening Wedge!
There is NO RESISTANCE at $50!!!
NO ONE IS HOLDING $50 SILVER FROM A DECADE OR FOUR AGO!
It will cut through that like hot butter from all the cowboys trying to short the top and getting stopped out.
ADAM AND EVE Bottom...
If you try to get cute...
You get what you get.
Play stupid games win stupid prizes.
Missing the forest for the trees on this play...
STACK AND HOLD!
This a long term strategy for the next couple of years. Silver is consolidating within this triangle since August 2020. Buying SLV ETF is like having silver bricks stored in a safe place. See it that way. You just don't sell silver, you accumulate it at every pull back. I may take less than a couple of years though bc the break out could be violent. I'm showing a...
The shooting star candle on the weekly last week points to weakness at least in the short term. The question is: is this just a short-term pullback (blue arrow) or it's the top for a long-term correction (yellow arrow)? Looking at the RSI on the monthly and weekly, it has never taken the top of the peak and the rally from the bottom has been in 3 waves. I highly...
SLV: SILVER will follow GOLD?
-Breakout of long time accumulation.
-Vol for demand confirmed.
-Inversed HnS pattern.
-Demand zone waiting for a pull back.
.
Wait n see!
Hello everyone, I hope you are all doing well. Previously, I had shared my analysis on the price rise of gold. In case you missed it, I would like to share some new opportunities with you. The chart indicates a very bullish trend with 1 leg, 2 legs, and a positive RSI and MACD in monthly and yearly time frames. Silver is about to explode in price, with the first...
It's time that I make up to the TradingView community for all the stupid calls over the past 3 years.
If you will forgive and forget.
I will make up for it.
I found joy in the purpose of sharing my ideas during 3 Bitcoin bulls.
BitFink is dead...
ENIGMA1440 will take the helm to guide this Silver Bull via my perspective.
I did the hard work learning to...
AMEX:SLV It's that time again! #silversqueeze is trending on social media. This meme resurfaces every 2-3 years CONSISTENTLY when whomever thinks the time is right to take retail traders' money. With Gold AMEX:GLD making new highs they are trying it once again.
Watch my video from 2021 and do the research on Google News yourself! Wait for the price action...
I sold today. I believe this is about to get a beat down.
I did not and won't be selling my physical.
Down to $12 and up to $48???
NOT FINANCIAL ADVICE!!!
Its taken a long time, but silver has finally shown life toward the upside.
Bullish moves in silver have taken 8-10 years in the past to fully play out.
If 2020 marks the beginning of the bullish move, then this move could last until 2030.
Bullish head and shoulders pattern could target silver to the mid 30s level.
If silver shows continued strength, then...
AMEX:SLV Silver Inverse Head & Shoulders Weekly Chart, The Inverse Head & Shoulders pattern is a bullish reversal pattern commonly observed in technical analysis. It typically consists of three troughs, with the middle trough (the head) being lower than the two surrounding troughs (the shoulders). This pattern suggests a reversal of a downward trend, with the...
Gold has broken out of a multi-year resistance to new all-time highs. Silver has been lagging Gold. It has started to move and should accelerate in its catch up once Silver future push through 26. I am long SLV as a proxy. Silver miners may also be a great play but I don't like the rise in energy prices, which could continue to be a headwind for them.
