I saw on twitter message going along the lines that silver jumps faster than gold and falls faster when the rally is over. seems to be partially true.
when silver rallies, it rallies hard, but the inflection points often don't match
interesting how long-term silver is trending to be cheaper
Cycle tops this week and we took our profits at 20.5 - I don't expect much more upside for now. Short term cycle is down and we will go long again at a better price, below 20. We switch from the September contract and will trade the December futures from now on. I do not recommend to trade silver short - it is a very risky venture, no ideas will be given regarding...
Silver got a strong close above 17.80, which was a point to look for according to my cycles. It is on a BUY signal and the cycle is up until the 27th of July. Furthermore, following my observation using studies of William Gann - Silver never traded on a bearish price angle since the March crash, which is important to keep in mind.
In the last trade I made a...
Silver got rejected and did not break the line of support and is already rebounding. RSI shows a potential up move as well. The near term price target is around 18.40. Keep a sell stop just below 17.60.
After making a wave 5 high in April of 2011, silver has corrected back to its wave 4 Decision Point which is the tendency after completing a 5 wave sequence. If this current wave 4 DP holds as support, then the tendency is that the prior trend, which was up, should continue up. Silver looks to be bottoming and should, eventually, begin a new bull market.