AMEX:SLV price action is showing a strong bullish flag on the monthly time-frame. Due to the macroeconomic environment, very high inflation rates, and high gold:silver ratio, I am expecting the SLV price to break the bullish flag on the upwards side. If this happens, we can look at the following levels for taking profit:
Take profit level 1: $22.35
Take profit...
slv is trying to break trend and local resistance areas, target is 25.55-27.49 if breakout holds. if its a fake out breakout then expect a move back to 20.33.
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Silver is looking very good right now. On the monthly time frame rsi looks very good. It is bouncing on 50 and staying above. This shows a lot of strength. Also we are in an are of support from previous resistance. We are also in the zone where most patterns gain support. In this case we have a W pattern that reached its first target. The .382 retracement. We...
SLV has a strong chance of following behind what GLD just did. Breaking out in the next few days/weeks. Make sure your stops are smart since these markets move very fast. However, I do not see how this does not continue.
Silver has also been consolidating for a long while and the risk return here is beautiful. Silver will only be used more and more over the next decade. I like the alternative uses for silver whereas gold is not as versatile. Silver is much more volatile though.
This is not a recommendation to buy or sell. It is for informational purposes only.
Silver is waiting for the next catalyst. much debate is happening on wether we are facing inflation or risk of deflation next. its hard to say in the short term, as seen in the current directionless trend of silver.
Over the long run, money printing sill be needed to stimulate the economy and dilute the us debt.
In the short run, a decline in asset prices from...
SLV weekly chart showing a prominent double bottom with the Sept low and Dec retest holding nicely. With the long term trend line lending support, it appears safe to renter the slippery silver paper waters once again.
SLV will likely try to play catch-up to COPX (also shown) which has gained +20% since Dec 20th. I doubt SLV will post those high % gains but a...
Indeed. WXY on the greater B there, then pivot, now a probable B. No definites in analyzing any market. Ever.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than...
SILVER may be an option to put into your portfolio amidst the upcoming "recession " or "crash" or "correction" whatever you call it. It would be twice the movement of Gold but definitely cheaper to buy than Gold. It has much potential for movement and could give 2-3x return to risk.
The market is giving warning signs for future volatility and added fear. The...
I am taking a position in short gold and silver today as I see the last wave of the inflationary cycle coming to an end as well as oil could still see 88/92 but with the fed looking to reduce inflation in this next cycle . sp and qqq are still in the 1987 crash pattern we have 5 more black days to come
Silver has been dead money since the summer as the U.S. dollar ripped higher. But now it’s attempting a breakout – despite next week’s looming Federal Reserve meeting.
Notice how the iShares Silver Trust made a higher low on January 6 versus its nadir the previous month.
Next, consider the level above which it made the higher low: $19.80. That price marked a...
