As I noticed in previous ideas about Gold including: lower DXY, new covid variant and inflation rate makes yellow metal be a safer investment nowadays both for future contracts and holders.as consequence of correlation between Gold and Silver and some technical factors that Im gonna mention follow, I see Silver in a bullish manner.
Silver is on 100days moving...
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
Silver is coming back up off the yearly lows and has painted an inverse Head & Shoulders pattern which is now breaking out on the daily timeframe.
This has been triggered in part by yesterday's US Inflation rate data (YoY was 6.2% - the highest annual pace since Nov 1990). Similar price action can also be observed in other inflation hedges such as Gold and BTC...
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...
Today I am review the Silver price (precious metal per oz) forecast. The multi-year chart is on an annual (12M) basis on a linear scale.
After 40 years, the Silver price formed a cup and handle pattern since 1980. This is incredible. Unfortunately the price has not broken out yet and it seems in 2021, the price is still below the trendline of the pattern.
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...
Silver is gaining momentum and is going to reach $75 quite soon. Weekly & daily technicals look good.
*Based on fractal, price should reach $75 before massive profit taking kicks in.
That's the idea :) This is not a financial advice
The time it took for silver to drop from $50 down to the consolidation phase was 770 days. I predict a similiar amount of time will be required to take the price back to old highs.
The rough arc pattern tends to agree and the major and medium support lines are keeping the price in control for now.
My expectation as inflation becomes uncontrollable, the silver...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Silver didn't quite breakout as we expected but we are still bullish on it ✔️
I'm bullish on sliver based on this inverse head and shoulders and for extra confluence we can also say this double bottom.
Seeing similar old behaviour playing out in silver price in a 10 year cup. Seemingly silver is currently taking out stops in an infamous Wyckoff re-accumulation range. In terms of price predictions I think we could easily move up from here but don't be surprised if we first test the 19.000-20.000 levels around the cup support.
My advice is to DCA into silver and...
Last time I posted bearish scenario for silver but as weekly candle did not close below important weekly levels, I reverse my bias and now lean towards bullish price action on silver.
This system I use with fractals works out well for me and gives quite decent price targets for the future.
Do with it whatever you see fit. Dollar is on major break-down...
As it clearly seems,in short term AGXUSD emerged a head and shoulders pattern, so it would be a good bullish position by considering 22.5$ as LP an 28$ as TP. Also it has high potential to raise until 50$ if it breaks the channel and makes a flag pattern.