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....
According to the date range on MCX Silver daily chart, it's changing the trend after every 46 bars.
If silver does not crossover 88.60% of fib retracement before completing 46 bars, we may expect a downtrend ahead. It can collapse up to 61000 to 55765 .
Here, targets for intraday traders: 67500 - 65600 - 63660 .
Or if it breaks the 88.60% , then silver...
Since November 2020, volume has increased into silver futures. I have drawn a crude (at best!) bullish flag pattern to confirm this accumulation and upward trend. As the average retail investor is purchasing the I shares trust, and other tracking stocks, we will buy the commodity futures at this level and enjoy the ride. No resistance until approx $34, beyond...
The yearly silver chart doesn't get better than this. Lucky guys who just getting in now on the final turn before ascent to ABOVE all-time yearly defined highs.
Included is a strategy yo enter en exit based on yearly signals.
Reduce the noise.
