silversilver made flag pattern on hourly charts after good consolidation from opening.
Risk:Reward = 1:4
Could b bought above 93365 with mentioned stoploss & target.
Longsilver
SILVER NEW HIGH COMING SOONSILVER after making new high made bearish H&S pattern on daily charts but couldn't fall further & arrested @ 86800 & pulled back.
Silver tested 86800 twice & made double bottom.
It confirmed double bottom pattern & negates bearish H&S pattern by breaking 914450.
Small hiccup @ 92525 before making new high.
Stop losses as per trader (89850 & 86800)
Target 100000++
Why I won't be 'shaken' out of my Silver-accumulation longs
Please, check out my charts. The 4HR, Daily and Weekly.
How bullish is looking for Silver. Today's price-action has already taken out last weeks high.
I recommended to many of the traders following me here on TV, to get into a Long position(s) in Silver today. Why? Well without even speculating on the FED making it's move on interest rate reductions & where my personal view is the obvious one that the Gold price is going to skyrocket, notwithstanding this the Silver chart on the high T/F's is so bullish at the moment.
If one of the Gurus tells you to sell Gold or Silver at the moment and take TP, you are losing the compounding effect of accumulation IMHO. Just chuck on a loose trailing stop. But make it loose because the market-maker 'coats' will drive price down to your stop & take you out. I see it time and time again, which is why I generally only use 'soft-mental-stops'. I'd rather lose the lot myself than have a coat take me out.
Silver just broke out of a medium term downtrend - GOING UP!Buy analysis has kicked in for Silver.
We have seen it form a W Formation and recently, it's broken not only out of the Neckline but also the Downtrend (action line).
Nature: High probability analysis
Price>20 and 200MA
Target 33.79
XAGUSD set up for long entry XAGUSD on the 120-minute chart is at the top of the high volume area on the profile. This
is a relative volume void above and a high volume area breakout is possible or even likely.
The TTM squeeze indicator has just triggered. The Price Momentum and Relative Trend
indicators appear bullish. I assert that spot silver is bullish right now and mining stocks
especially junior miners may be ready to take long positions as well. My immediate target
for spot silver is 25.75, the recent high pivot in March and then 25.95 the high pivot of
December, and then 26.5, the highs of Spring 2022. Played in a leveraged forex setting,
the profit potentials are significant.
silver to reach $30silver has been trading between $22 to $26 with $4 swing range.
Breakout of $26, will provide $4 upside potential.
HL- a silver mining pennystock LONGHL shown on the reliable daiy chart while spot silver is uptrending. demonstrates multiple
bullish signs including a cross over the POC line of the volume profile and now the confluence
of a 200-50-20 triple convergence coindident with a cross of the long anchored mean VWAP
and a gaint ( "gib ass green") engulfing green price candle of 7% magnitude with volume above
the running mean. The Price Momentum Oscillator and Relative Trend Index lend further
support to a bullish bias here. I will take a long trade in HL of both shares and call options to
complement my positions in gold. Targets are 4.9, 5.4 and 6.8 yielding the potential of a very
profitable trade over in next six weeks before earnings and perhaps beyond that.
Silver at important zone?22.93 seems to be good resistance for silver. This range can be a good zone for next movement of the price. If the resistance is break with closing a day candle then can see positive movement for upcoming days.
Vice versa can also be seen , as it is currently very high resistance zone .
Also ABC pattern is also valid if resistance is break, then can have a big confident trade. Lets see and react.
Silver Fibonacci Analysis 03/02/2021simply showing the power of Fibonacci
we had seen a Bullish Divergence and Hidden Bullish Divergence on MACD and by the confluences of 4 Fibonacci tools (Retracement, Extension, Projection, Time Zones) in an ascending Chanel...
So we are
Speculating...$$$
A TP Zone Starting from 39.43$ to 41.16$
a Safe and Sure TP can be 39.43$
It is a Swing Trade and it Shall take Few weeks time to develop.
I am expecting the TP to happen at middles of April 2021,
Please thanks Me In the Comments when you enjoyed your 125250 PIPS of Joyful Profits.
AGQ- A Silver on steroids ETF LONGAGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great
uptrend from which it pivoted down in a 50% Fib. retracement which took two months
to complete. After a bit of consolidation and sideways channeling, it has finally launched
into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning
indicator printed a buy signal today as it reacted to a green engulfing candle crossing the
mean VWAP anchored from the pivot low of mid-March. This indicator has extreme accuracy
in its signals as demonstrated on its tables. On the MTF RSI indicator, the low TF RSI has been
riding above the higher and crossed the 50 level one week ago. The zero-lag MACD is
confirmatory. Overall AGQ is ready for a swing long trade which I will take. I will zoom
into a 30-60 minute time frame and look for a pivot low from which to enter. My target
is the line showing two standard deviations above the anchored mean VWAP presently
about 36.3 representing at least 20% potential upside and profit. The stop loss will be
narrow with the price presently at the mean VWAP and POC line of the visible range
volume profile I will set it at 29.85. ( The risk to reward is approximately 1:40 )
DYODD !
DOW / SILVER RATIO ANALYSISBased on the weekly chart, I see the DOW / XAGUSD ratio as rising in the past
year. I see this as meaning the DOW stocks have been valued by market participants
as compared with the valuation of silver. Further, I see the relative strength of
the ratio showing some bearish divergence of late. The DOW stocks are
challenged by the current macroeconomics and federal policies. In the meanwhile,
the gold to silver ratio is at historical highs. Silver industrial consumption is rising
now due to the electric vehicle revolution and the increasing momentum of
the solar power sector was recently enhanced by the suspension of federal tariffs
on solar cell panels. I expect the ratio to top out and reverse in a combination
of a continued bear market for stock equities and a silver bull run.
XAGUSD Spot Silver LONG - Reversal from Double BottomOANDA:XAGUSD
Spot silver put in a triple top in early March into early April on the daily chart.
It then descended over the next three months in what may end up being the
leading side of a cup and handle pattern into a bottom about July 13th.
Spot silver then rose a bit over the next five weeks and now has retested
the bottom now forming a double bottom.
Relative strength was gradually decreasing over this time while underneath
its Ichimoku cloud. However beginning about July 15th, the relative strength
began increasing and is now above the cloud. The leading cloud edge to
the right is red and rising. This is a hint of bullish divergence perhaps
forecasting the reversal is in progress.
That said, I see spot silver reversing to an uptrend which could also
be the right side of a cup and handle pattern underway. If formed
a cup and handle pattern suggests bullish continuation. I see this
an an excellent swing long setup with potentially 40% upside.
GOLD SILVER RATIO as a guide for TRADING DECISIONSCenturies ago when the gold and silver standards existed the Gold to Silver ratio was
fixed at 15. Decades ago the ratio was 55. The US dropped the gold standard in 1971
( Thanks Richard Nixon ?) In floating since then, the ratio in modern times has been 75/
It can be said that below 75 gold is undervalued in comparison with silver while
over 75 it is overvalued in comparison.
At present since April 15th ( IRS demand tax returns and payments) the ratio has
consistently risen.
Trading Ideas from this:
Traditionally, an investor would now sell gold and buy silver at a ratio of 75 to 1
meaning sell quantity of gold for instance 5 ounces and then buy 375 ounces of silver
with the proceeds.
Using the XAUUSD and ZAGUSD, a swing trader would short sell spot gold
and go long on spot silver.
An options trader would buy a put contracts in a gold junior miner stock and
then hedge with call contracts of equal value in a silver junior miner stock
The above, are basic examples of how to use the gold to silver ratio as a basis
in trading decisions. The link below is a more detailed explanation of this.
Buy the dip on Silver support lineCommodities are rapidly increasing in prices while the US govt continues to pump trillions of fiscal dollars into Biden's infrastructure plan & federal unemployment benefits. Also with feds fund rates kept at 0% and recent reported inflation at 5%, negative real rates should continue to provide strong support for monetary metals like gold/silver. Additionally with green initiatives like solar panels and EV requiring more silver for production, we can continue to see strong industrial demand in the near future too.
Long Silver/AGQentry time: 06/14/2021-06/23/2021
entry price: AGQ ~$53 (mine DCA is around 48)
account position: 25%, + 3-5% option
price target: ~60-100% profit , AGQ 80-100
stop loss: will only buy more with big dips (change position into long term, wait for breakout either end of 2021 or in 2022)
Looks like silver is about to make a large up move.Silver closed strongly this week, however that is not surprising. All 4 cycles are up - the large cycle, the medium term cycle, the daily cycle and the hourly cycle.
At the same time, silver with about 6 hours left of trading yesterday made a push higher just in tact with the recent trend line and closed back above it on a weekly basis - signalling us to go long. It is very interesting to observe how perfectly trend lines work, pure magic.
As long as we don't get a close below 26.9 - the buy signal remains. I expect silver to reach the 32.5-33.75 trading range by February 23rd, then we could potentially stall out a little bit till cycles bottom early March before the next up leg that will take us to 40 in mid April. Remain tuned for fresh updates. Today I will post several more updates regarding related instruments and prove the fact that silver is about to explode. Remember futures trading involves a substantial risk of loss and is not suitable for all investors.
Thanks a lot.
Current correction won't lastWith the advent of physical supply dropping, and the seasonality and market fundamentals that favor silver, I think this TP selloff will reverse once it's done being rangebound.
Silver Long Setup !!Gold and Silver were diving for the past sessions however if we look into the scenario on a bigger timeframe, we can see that
Silver is trading near critical level at which prices might be looking for a buy setups or news to start a new impulsive wave.
please take into consideration that the above analysis is based on Elliottwaves strategy, with an invalidation level 23.64 upon breaking this level
Silver might be doing a deeper wave 4 complex corrective cycle. that might target 21$ an ounce if broken 18 level !!!!
long xagusd buy this zone, because this is cluster of fibonacci extention and expansion, divergence target in H4 and daily timeframe is completed
don't hesitate fellas, buy buy buy
015. PIGGISH PLAY - Long Silver ForeverSilver is going to fly and let me tell you why.
Price has been forced down for decades by the collusive tactics of global central banks, COMEX and the institutions able to write futures contracts.
You see, silver is not as transparently symbolic as gold, but it is equally as troublesome for central banks - insofar as it is a very real threat to their fiat monetary system.
For decades, financial institutions would wait until the market was ultra-thin (~1:00 AM ET) and blast it down by writing preposterous quantities of futures contracts .
Some days you'd be sure that the closing action of silver would result in a gap up the following day, only to wake up to an inexplicably shot down 6% open. Confused and annoyed, you'd steer clear of the commodity altogether going forward.
That has been the story for quite some time, but guess what? Now funds of all sorts have started to slowly ease their way into silver (and gold). Just the other day, the Ohio Police Pension allocated 5% of its portfolio to precious metals. While this seems small, it is 1) still billions of dollars and 2) just the very beginning.
The short-term setup depicted above is basically begging people to notice it. That's not a bull flag - it's a bull football. The tangential angles of the football-wedge are such that the only possibility of long-term price movement is up. Supported by record levels of accumulation of the underlying physical seen at the bottom of the chart, the probability of silver doubling in price before year-end is about the same as Patrick Mahomes throwing a touchdown pass on any given Sunday.
While the long-term prospects of Silver price appreciation are nearly absolute, the implications of such appreciation are quite serious from a global financial systemic perspective. The reason is that there is simply not enough silver in circulation to cover a fraction of the paper contracts written over the past decades, should investors start asking for delivery of the physical.
When enough institutional funds like the Ohio Police Pension start accumulating even half of their portfolios into gold & silver, the world will be rudely awakened.
Hence, buy Silver now and watch it fly to the sky.
-Plata Pig
TVC:SILVER
TVC:GOLD
