Silver has been in a downtrend since hitting the top of the flag/channel.
The price has nearly touched the bottom of the channel and is expected to bounce back towards the top again giving a good long entry opportunity with an excellent risk reward setup.
Unlike gold, it cannot be reused (only with large losses), and therefore its amount is constantly decreasing. Most of the demand for this precious metal, namely 60%, comes from industry.
Silver is limited, which means that its value will increase significantly every year. According to forecasts, based on the rate of silver production - the world's...
Previously, I pointed out a head and shoulder pattern represented by the green drawn line. A second rally occurred which I did *NOT* expect. However, I think we've finally found the second shoulder. Notice the peaks in RSI and consistent reversal pattern.
This is DXY/(GOLD/2000 + SILVER/20) which reveals a more true evaluation of US Dollars. However, similarly a...
here we are. Silver finished the corrective wave C, started 15 nov. this means than in a larger degree, also the wave 2 is done, from now i'm expecting to have a bullish patern, with a wave 3 very strong.
i suppose is not required to tell anything about the fundamentals, with a crazy inflation for now and this is not only the beginning, expecting increases...
I feel we are at the first major pullback bottom in a new uptrend in silver / gold . My analysis tells me we are either at the bottom of wave A or the complete bottom of wave 2 right now. Either way it's a great place to buy. I recommend to accumulate silver, but also buy junior miners instead which you can see on my other ideas... good luck !
First of all, I have to say that I'm a newcomer and this is my very first analysis based on what recently studied about price actions and trends, so I just put my chart here in order to exchange ideas and record my ideas.
I've been watching the silver price for a week and as many of you know, I was really waiting for the 23$ to open a long position (which is...
Idea for silver, demonstrating the Head and Shoulders pattern that has repeated itself throughout a bull market and into the next bear market
Points in grey box are very similar also
As we have just finished forming the right shoulder, it is likely that price will decline, furthering the bear market for silver
A move above $25 has not resulted in a continuation and instead has been hammered down to our trend line.
This could well be the optimum area to accumulate more silver in front running the coming rally.
The Dow today created a fourth Hindenburg omen...four days consecutive and dangerous.
It is just a matter of time before these indices top out, perhaps a rally...
The disparity between economic conditions in corporate earnings will not post well for equities forever. Investors are building up alternative hedges. We have seen massive profits in Bitcoin. If "exotics" get attention like this, a more radical shift in common alternatives like Silver might be ahead.
JP Morgan has decreased their short positions after years of...
The time it took for silver to drop from $50 down to the consolidation phase was 770 days. I predict a similiar amount of time will be required to take the price back to old highs.
The rough arc pattern tends to agree and the major and medium support lines are keeping the price in control for now.
My expectation as inflation becomes uncontrollable, the silver...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis