Some profited, some burnt, in Silver's >10% surge earlier this week, and then a sudden flash crash of sorts.
what is worse, is that it is telling us that there is a lot of sell presuure higher up, and now it would probably look for the downside support of about 22.50
silver has lot of attention lately.
from my point of view - looks like failed H&S pattern
and in past days theres very high trading volumes - usually high volume leads to new trends or it's "stopping volume"
2.2.21 Silver : analysis for the market dynamics, and then I framed it to look for a long trade. It is near enough to where I would start looking for buyers.
Silver futures starting off strong at the open of the futures session, up roughly 6%. So far, looking for a hold above the previous high earlier in the year, and then ultimately breaking above the August highs we saw in 2020.
Disclaimer: The proceeding content is informational only and based on information available when created. It is not an offer or a...
Rumors about a potential run on silver surfaced some while ago on Reddit. At the end of last week, the run started and the silver price made a first jump on Thursday, followed by another sharp increase on Friday. Starting this week, we are experiencing another drastic increase in the price for silver, which also what we expected a long time ago. 😏
Now, it is...
Long SI1!
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the...
In our previous analysis about the silver market, we have mentioned about the possible end of the ABC correction. We described it as a running correction where wave C consists of 5 fives. As a consequence, the market seemed to be ready to create another impulse wave which occurred at the of the previous week and today.
From the technical point of view if the...
our man target is 44$ , if you have sell ,close it now,or put buystop 2*sellsize on today high
buy near 28$ and hold it until 40$
AC(or stochastic 5-3-3) in 60-1440min chart show powerful + trend started today
keep monitor AC in 1hour,daily chart
www.marketwatch.com
best stratgy=in 15min chart,put buystop on last high,sl=last low
Markets are still closed, yet Silver futures are up +10% so far. $XAUXAG, $SLV, $SIL, $SILJ
Do you believe that all RH type retailers are having futures accounts and buying contracts?
Well, probably not.
The price increase are brokers who are hedging the spot market, bullion banks that are building short positions and miners that locking prices.
Silver is not...
$33 might offer some clues, but as always very difficult to determine where this will eventually end up. Very speculative. Don't play what you cannot afford to lose in this market.
Long term: The cup with handle pattern with the break up out of the handle is vey encouraging. If we later we get a weekly clear break up above the 41.5 level I think it would be very bullish.
Short term: we have a positive reversal in the daily RSI followed by a bullish divergence which supports higher near term peak ahead. The daily RSI target is labeled....
