IF you trade SILVER you Should be familiar with The GOLD/SILVER RATIO , which typically moves INVERSELY to the PRICE of SILVER ,
The GOLD/SILVER RATIO looks to be completing A WAVE-B correction, with WAVE-C starting soon in both GOLD/SILVER RATIO & SILVER , (albeit moving in INVERSE/opposite directions).
SILVER = SHORT.
GOLD/SILVER RATIO = LONG.
Analyze and...
Hi traders
Breakeven trade I took because I was looking for sell from roof but there price not moving fast. so now I will be watching for the price to complete abc pattern, I will be waiting for good price action on lower time frame to buy and do manage your trade. good luck
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Silver has recently made another attempt to move above the resistance at $28.30 but lost momentum and declined towards the support at $27.75. Currently, silver remains in the range between the support at $27.75 and the resistance at $28.30.
If silver manages to settle above the resistance at $28.30, it will head towards the next resistance level which is located...
A revision to V3, that sees this current 1-5 wave and subsequent ABC shortened by a fib ratio.
Also, have added a fib channel to show the expected price of silver over the next few years.
Now just need wait and see ;)
Since reaching $30 and coming back down, XAG has been stuck in a beautiful technical structure. It bounced straight off of the long-term fib at around $26.15 before becoming range bound between the weekly support at around $26.85 and the recent 0.618 level at about $27.75.
Last night after the market opened back up, XAG crashed back down to the long term fib at...
When the 3 year moving average's rate of change begins to be noticeable, powerful momentum is playing out.
Now imagine where #silver's price can spike if the 3 year moving average explodes 100% to 36$?
54$-113$ silver target.
#silversqueeze #fintwit
I buy silver, not much to be honest. A few ounces here and there. But, I prefer crypto which is why I am taking the chance to sell some silver now. I think it is better invested in some quality DeFi projects. I want to add to Alpha & Rune positions.
The chart: Silver has been in an uptrend since March 2020. Culminating in an ascending triangle pattern. It looks...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Silver is currently breaking out of this symetrical triangle pattern. Wait for a sucessful retest of previous resistence to support. If she holds I expect a spartan target of 38 usd.
It took nearly 2 years to recover from the shock of the 2008 crisis. Then started the epic bull run in Silver. Big green candles and nothing else. The shock due to covid-19 was comparatively short-lived. Going by that analogy, the next bull run is standing at our doorstep. What we saw in August was most likely a trailer. And if we believe that we are about to...
We see this metal broke above a falling trendline resistance and clearly a break of structure is evident with price finding support on the rising trendline support + 38.2 fib level. My guess is that if price was to push up from here, the 2 targets will be -27 and -61.8 fibo level respectively.
