If you had any doubts about the 27-28$ resistance for silver... More important the resistance, more important the breakout can be.
Early forecast for 2024, SILVER will be MUCH HIGHER. In recent weeks I have started to accumulate SILVER and a number of precious metals mining stocks. I believe both will be going much higher over the net year+. Currently $23+ I believe we shall see $26+ by early 2024 followed by $30+ over coming quarters.
The move from March 2020 to August 2020 Was a measured move that played out to the Tee. We have a similar structure building that projects to the High 30's Suggesting #Gold move beyond ATH's and #Silver the beta play to move faster in an attempt to catch up, and move towards it's high's again.
Silver hitting HARD opposition at 28$. Silver Important Breakout Line is Also Resistance... not a good look if the upper wick continues to grow on monthly candle
looking at the monthly silver chart #si1 #silver as a major measured move is at play
SIlver Bullish on Strong Demand LEVEL Support 79423 Target 84480/90730/100860
Yes, I gotta put this out there... If #Silver is to reach much higher price targets, it won't do it in an absolute straight line! Unless you zoom out to higher time frames, where shorter term corrections can't be seen. If you are seeking for higher price points for #silver, you should hope it doesn't SUPER HEAT now on smaller time frames. That type of FOMO...
Channels are an incredible tool for technical analysis. Today we're going to put them to the test with the recent moves up in silver, as it looks like the precious metal is currently sitting at a decision point that can (still) go either way. MEASURING IMPLICATIONS OF CHANNELS The real power of channeling is greater than just working with a supportive/resistive...
Gold (June) / Silver (May) Gold, yesterday’s close: Settled at 2348.4, down 14.0 Silver, yesterday’s close: Settled at 28.052, up 0.068 Yesterday’s warm CPI and weak 10-year auction paved the way for a much-needed consolidation day for Gold and Silver. Still, the precious metals complex battled valiantly, exuding bull market trends within the intraday...
And guess what happened next to #silver after #gold broke out versus #inflation? Reminder that #storylines and #narratives are land mines and traps for #traders. Stay clear of them. Stick to the unbiased, objective evidence... #charts!
4.9.24 The gold and silver are trading higher with bullish price action for people who follow the metals they know that as the market goes higher the silver actually will make you more money than the gold depending on how you trade and your trade location. The problem with silver is that it is had a hard time trading above the 382 retracement... and there's...
We come back to the silver market where our previous article indicated a potential breakout. Now that we have seen a decisive break and close above previous major resistance, we have new hurdles to clear. Drivers: Partially fueled by the rally in the Gold market, silver prices have also witnessed a disconnect from traditional fundamentals such as tighter...
Silver, often considered the "poor man's gold," has been under scrutiny lately as it seems to lag behind its more illustrious counterpart. Traders and investors are closely monitoring silver's behavior relative to gold, seeking potential opportunities amidst this divergence. Let's delve into the technical analysis to discern potential trading...
Yes, silver got a CONFIRMED breakout on weekly chart... Now what? #silver #gold #crudeoil #copper #inflation
see the chart for silver green and yellow line not so strong resistance. Red line are major areas
Sliver Futures (SL1!): I am probably crazy to even look at this Quarerly chart. However, it looks like it is going to break to the upside out of a huge 10-year old (?) cup-and-handle formation. What if it is going to materialize? Are we looking at potential gains in silver as the traditional TA measurements show? Is the chart indicating potential appreciation...
CAREFULLY using SLV calls to be on upside here. Shares of SLV might be a better bet; however, if you choose calls, expect volatility. In my opinion, it will be somewhat volatile until before reaching the target -- if it does.