Short term Elliott Wave view suggests the rally in Silver ( $XAGUSD) to $18.32 high ended wave (X) bounce. Down from there, wave (Y) remains in progress & shows an incomplete sequence from 9/04/2019 peak ( $19.64) favoring more weakness. While the initial decline from $18.32 high unfolded in a lesser degree leading diagonal structure within wave ((i)) where wave...
Hey Silver Bugs!
In Silver, similarly, the 2016 rally up to about $21 per ounce took out the last lowest highs in the 2011-15 bear market...
But unlike gold, and more like most of the other commodities, the market drifted all the way back to (or near to) its 2015 low, just last year, just as gold was making one last pull back before launching...
Although, a new...
little backtest to support and 200 weekly. My 2 times inverse nasdaq and snp show a market topping, fed powell speaking to officials this week ahead to give them more forked tongue answers
Silver prices recently broke out of a daily ascending triangle as well as a downtrend line. I believe that as long as Silver stays above the lower
trend line in the ascending triangle, it could move higher.
In silver, we had a strong move upwards from the $17/oz range to a high of roughly $19.755/oz. Recently, however, the price has failed to maintain momentum to regain those highs and has steadily pushed lower in an evident regression trend on the daily chart from 05 Sep 2019 to the present. I believe that silver will retest the $17/oz range, and from there, we will...
That's right, more overvalued than during year 2k and the subsequent tech wreck that ensued.
How?
Simple, measure the RUT against something that is not transient, i.e. in this case silver.
Frustrated with the back and forth of the market during late 2018-2019?
Not if you were measuring assets correctly, for those with the forethought to do so, they are...
Short term Elliott Wave view suggests the rally in Silver (XAGUSD) to 17.79 ended wave (1) as a 5 waves impulse. The pullback to 17.24 in the metal ended wave (2) with the internal as a double zigzag. Down from 17.79, wave W ended at 17.27, wave X bounce ended at 17.64, and wave Y ended at 17.24. The metal has broken above wave (1) and resumed higher within wave...
For reasons I am sure you all know, I think silver is staged for a massive move and I want to make sure I get all the gains I can for the least amount of work; I am not looking to day trade or swing trade my silver positions. On the right in orange is the multi-year consolidation pattern we went through and the break out thereof. There is currently the chance of...
Silver Prices have been followed for centuries. Silver is a precious metal used in jewelry, silverware, electronics, and currency. Silver prices are widely followed in financial markets around the world. Silver has been traded for thousands of years and was once used for currency backing. Silver continues to be one of the most commonly traded commodities today. Silver prices are highly volatile due to speculation and supply and demand.
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SI1!
