I see major support at current levels (high volume node, 0.618 and the weekly since the covid dip).
Long term fib sequence pointing to higher silver, specifically 37.65 for a 100% move, probably have some pullback there before heading to 47.50+ later this summer
Prudent investors embrace volatility and know the price of Silver will go up over time ~ (Same holds true for SOME stocks and Cryptos)
The 200 SMA dynamic support lines up with the middle of the pitchfork and demand zone. Very high probability trade setup IMO.
I’m long on Silver. The metal used in jewelry and industry. Right now, myself and others are buying up all quantities available. Silver is on back-order right now because we are all buying when available . PSLV and AG are two stocks that I have and recommend for at least a year or two, or until they trend down for more than three weeks ~
The trend line suggests that Silver will be over $30 in May 2021.
The big banks will not be able to hold the floodgates much longer. They will fold and cover their shorts. At least one of them will go bust. They will be investigated for racketeering, price-fixing, and corruption by the DOJ, SEC, FCA. Silver is going to $41 nobody can stop it. It is already for some of us for physical. The price of physical including any premiums...
Bullish ascending triangle forming on silver on the weekly chart. The price target is $48.55.
The top of this chart is the ratio of PSLV price to XAGUSD (Silver spot price). PSLV holds 0.361 Ozs of silver per share/unit. Lines are drawn for P/NAV=1, and at 1 and 2% premium levels. Since PSLV is a closed end fund, it may trade at a premium. However, PSLV has a shelf offer allowing them to add shares/silver, which they have been doing. By...
This chart shows the recent trend of increasing interest in the silver ETF PSLV (managed by Sprott Inc) vs. SLV (managed by Blackrock with JPMorgan as the custodian). Volume ratio is normalized by ounces per share, so it is the ratio of silver traded for each ETF PSLV is the preferred fund for the Reddit group wallstreetsilver and most people in...
Currently, Silver is approaching a power pivot point. This is where the price hits the next wave check point and the potential for a significant move higher or lower is likely. Indicators are all green and the 2 week chart is a fantastic timeline for gauging long term trend. Monthly is similar. There's a lot of long term cycles coming to a junction suggesting...
It seems silver is heating up. Better shine up your bullion and get ready for some crypto-like swings. From a macro perspective it looks very similar to the bullish cupping pattern on many other charts. Starting with the Fibonacci extensions measured out from the past major bull run it looks like once again, price clings to the levels like a magnet. During...
HUGE CUP & HANDLE. TARGET $70
- Dip then Bull Run Q3 and Q4 2021 - Probably corresponding to the Caronavirus spending watering down the dollar. BTC should also run during this period.
- Gamma squeeze of silver and silver futures is possible. - Key is that the supply of underlying is only a fraction of the future contracts being traded. - If enough contracts are physically settled, there will not be enough underlying, and this will squeeze the price. - In essence, the silver market will be cornered. - Up against JPM & co. Tough competition. I...
We are approaching the crossroads of three trendlines, each of them having potentional impact on the price action of Silver. The price has bounced down from the upper blue trendline every time but once when it continued to test the resistance above it, but still retracing nicely below the trendline during the same day. The lower blue trendline has acted as support...
Exchange Traded Funds, or “ETFs”, in all asset classes have soared in popularity over the years due to their liquidity, convenience, and low cost. They’re simple to trade, and they provide a quick and easy way to create a portfolio compared with having to buy each of the individual underlying assets. With respect to Gold and Silver , GLD and SLV provide an easy...
This precious metal is getting decimated after Chinese factory production(electronics) collapses in the month of February, down -12% in this trading session. This is going to be the deal of the century once a bottom is found as gold and silver are the only money to stand the test of time with over 5,000 years of recorded use as money, especially in a world where...