Ive been watching this triangle that could go either way and wanted to share
Let's see if it plays out, IHS, Silver, plays out, let's see if it plays out
Silver 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.
4hr chart is showing a grind higher. Reverse head and shoulders. Reverse head and shoulders has broken up not super pretty.
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 to accumulate a real tangible asset that you can hedge against the dollar.
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 it. Starting with the long term then, some general notes. The...
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.
NEAR PICTURE-PERFECT WYCKOFF ACCUMULATION METHOD! CORRESPONDING PRICE-VOLUME SPREADS! DIPS ARE EXCELLENT ENTRIES FOR RETAIL INVESTORS AND TRADERS!
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.
Watching silver more than ever, I feel the $Silver tide coming in
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Opportunity to long silvah! Cheers, Keops
Same reasons as Silver USD and Silver EUR