- Silver finally playing catch up rally with Gold
- Strong trend but hitting the multiple resistance zone
- A small pullback can be expected in couple days in this area
- Gold/silver ratio is a bullish sign for silver for near term
- Any pull back can be a buying opportunity for Silver!
- I will be entering for long once its close above 26
Silver is looking like it finally wants to break out!
AMEX:SLV looks even better on the weekly chart!
Monthly, looks okay. not great but that can change over time.
This could be the beginning of a HUGE Squeeze!!!
2x would be nice and is possible this year.
Have physical, AMEX:CEF , 2025 #silver call options.
NO confirmation yet on monthly chart for silver's much anticipated breakout.
Note, silver will most likely breakout on its own chart merit, a few months BEFORE it breaks out versus gold.
That is what it has done the PREVIOUS 6 times since the early 2000s.
#silver #gold OANDA:XAGUSD OANDA:XAUUSD
Silver showing consolidation around 75000. and although in overbought zone it is showing positive mfi divergence in daily time frame.
One can enter in long position at 74830-74950 for a target of 76000+
stoploss 74700.
Silver: Daily Fibs and Indicators: Silver has a bull fib objective that takes it to 28.86, a massive move. It held it's 61.8% line in October 23 and was on it's way until December 23 when it stopped at the high of it's daily range. We traded down early in the year, only to test that high again htis past week. And, we are selling off of it again. We can't trust...
After long Downside target done now next move possible for the Silver upside if sustain above 71672
stoploss 69137 possible target 72500-74000-75500-77500
The markets are really all about finding patterns and taking advantage of such forcefully. With Silver, the commercial producers and bullion banks tend to exert the most amount of market influence upon its price. The reason is that Silver is primarily an industrial metal sensitive to economic demands and also due to the fact that unlike gold, it is primarily mined...
3.19.24 This video is a review of tesla, dxy, oil, and silver. It's all about using a handful of tools to help you decide where the markets are going to reverse and whether or not you should be taking profits or entering markets as a buyer or a seller with a high probability that the market will at least trade in your direction for a while... using a small stop. ...
Silver has been trading within a wedge for about four years. As we approach the upper end of the resistance range, many traders are wondering if this can be the breakout that we have been waiting for.
What is behind this move?
There are a few potential catalysts that can explain the recent price action observed in March. Silver, similar to Gold, and BTC have...
A very rare chart setup for silver is playing out right now (only 3rd time in 50 years).
10 more trading days to confirm silver's quarterly defined breakout... Hang on tight!
#silver #gold OANDA:XAGUSD OANDA:XAUUSD
Considering to the technical analysis silver is looking good for a good up move . A deep consolidation on the higher time frame and on the higher levels . We can go long for longer time frame with given SL and Targets on the charts .
