Silver looks ready for a major breakout in Canadian DollarsWe are on the brink of reaching an all-time high in Silver in Canadian Dollars.
AND this is deeply oversold on the weekly.
This may also be a fortune teller for what's to come in the US.
Key data points
No news here
Looks like there's nothing to report right now
XAGCAD - Silver on the move, massive gains in 2024Silver has performed really well. Just in 2024 alone, it has gained appx. 45%
It appears silver is making a short burst towards the next resistance line - going for the breakout attempt.
I am in around the $20-$24 range. If it falls near or below the support line I will make some more buys.
I am
2022-02-23 XAG CAD - bullish breakoutSilver looking to break Q4 2021 high.
Moving toward higher end of past 3 quarter range.
Inflecting around 200 week average.
Low risk breakout play and looking for smaller time frames to add positions for free trades.
Ideally this breakout area gets validated over next 2 to 3 weeks.
SILVER FOR SALE!!We can see on the weekly charts that silver has been in consolidation for months and weakening heading near a weakly low zone. As the Fed continues to print more and more money inflating the American monetary supply and deflating the dollar this could potentially be a great opportunity for investors
XAGUSD vs XAGCAD? More important than you might think.I have been looking at XAGUSD vs XAGCAD, with the theory that the relative performance of the pairs could be a signal. In this scenario, CAD should be thought of as a proxy for commodities, of which Silver is just one. The USD is acting as a measure of the wider economy, and the role Silver plays in
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Displays a symbol's price movements over previous years to identify recurring trends.