I have been stacking silver for about a year now. I believe the Canadian dollar will fall to new lows as the debt climbs and our gdp shrinks. Silver is now the rarest metal in the world due to the costs to mine it are greater than to mine it. Central banks may try to print their way out of this and that is what I expect. I have 1000 dollar price target on silver...
I just love charts and price action. Am i making money. Hell nah. In fact, I lost 10 racks.
good luck to yall this is analysis just for my studying and collecting data. peace ma people
Manage thy risk and let ur percentages compound or gamble away.
Looks like XAGCAD is retracting from 0.5 Fib and now might go up again. I personally will enter trade above 22.85 which is monthly pivot point. Also, looks like CAD is going to experience significant devaluation soon according to one of the respected Canadian traders @TheMacroTourist who has amazing article about only G7 country with inverted yield curve.
Please...
Easy one silver long. High demand and lack of silver exploration. Silver is used is almost every electronic including electric cars. Love silver here. Made a nice low with a huge bull rally. Only bought 100oz But hedged my position with a 2x bull etf.
From what I can tell, this upward movement has been a retrace and not a trend revesral (in the bigger picture). This is a quick analysis of the recent market movements and should NOT be used as financial advice. I am likely to be wrong and so this is mostly for just tracking purposes.
Yesterday morning, I noticed this candle on the 1h chart of XAG/CAD , we see the latest offers to be filled (arrow), which gave me a good signal for a possible turnaround, which is produced this morning, the market has even been higher.
On the 1D chart, we notice that the market is likely to change trend, today it is...
Silver looks ready for another impulse very soon.
We also have some records positions in the COT right now, check cotbase.com on silver.
Trade at your own risk!
Last few years has been tough on silver bullion investors, but thankfully I only started my investing at 2013 bottom. Silver continues to consolidate, and underperform. I expect momentum on the downside, but I advise long term investors to take it as opportunity to buy. In 2019 - 2020, consolidation ought to be coming to an end and the momentum on the upside...
Hello Traders,
Long observed for XAGCAD, R:R approx 1 to 1+
I will be glad and honored for your relections on the WXY and Harmonics - Adv Cypher
Thank you.
Silver priced in the royal currency of Canada is about to test the downward trend line from the April high which so happens to be near the key 38.2% fib retrace of the descent from that high. Breaching this level would open the doors for an upside attempt at the $22.10 - $22.21 resistance (blue dashed line). After that, the price action can play out in several...
Silver priced in the royal currency of Canada is about to test the key 38.2% fib retrace of the descent from the April high. Breaching this level would open the doors for an upside attempt at the $22.10 - $22.21 resistance (blue dashed line). After that, the price action can play out in several ways. For now, if those trend lines stand true ... silver will be just...
