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Waiting for SilverIf you like this idea, don't forget to support it clicking the Like Button! Hi guys. This idea is a long term analysis of the Silver bullish trend (probably bullish). My tactic for silver is to wait until the point (C) is reached and to expect for candle confirmation of bullish trend continuation. If you are looking for a short-term trade on Elliott corrective waves, I suggest you look to the related copper idea. Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal. I am not a financial advisor.
OANDA:XAGUSD
by Investing_Fellow
Silver Long Term Bullish Trend with 3 Possible Scenarios Currently bullish on silver with the following scenarios to be considered A. Price breaks 18.20 resistance and continues higher to 18.70 or beyond B. Short term pullback to 9ema zone before we continue higher and break resistance C. A larger pullback to do more formal retest of the broken 17.40 area All daily trend signals have flipped bullish (9ema, 20ma, ichi cloud twisting green), MACD also signaling green, the STOCHRSI is signalling a pullback in the near future. Silver is a buy, any puts i'm in are for hedging.
TVC:SILVERLong
by eshy
Silver & other commodities have more downside, SILVER TO $16.00!Commodities are feeling the downside pressure due to the strong US dollar, there is money flowing out safe-haven assets into the equity market since it's been climbing to all-time highs. Silver forms a very interesting pattern and has been doing so since the start of September when it fell drastically from the strong rally. The pattern involves a strong 1-2-day drop then consolidation, slight pop into the broken support now resistance then another stern drop forming a downward channel for the past 3-4 months. We expect the continuation, a slight slow pop on weak volume into $17.45 resistance based on the broken low and top of the channel then strong drop through $16.75 into $16.00 potentially. Disclaimer: This idea is for educational purposes only, this is not a definite trading/investing signal. Trading is risky and should be taken at your own accord.
COMEX:SI1!Short
by TRADEPROAcademy
Silver Losing Momentum In silver, we had a strong move upwards from the $17/oz range to a high of roughly $19.755/oz. Recently, however, the price has failed to maintain momentum to regain those highs and has steadily pushed lower in an evident regression trend on the daily chart from 05 Sep 2019 to the present. I believe that silver will retest the $17/oz range, and from there, we will have a stronger confirmation on the short term direction of silver's price. As well the gold to silver ratio rebounded from a yearly low of roughly 1XAU:79.38XAG to currently 1XAU:84.89XAG. In the meantime, I believe silver to be a short trade. However, in the long run, silver seems to be bullish as the gold to silver ratio is at historical peak levels.
COMEX:SI1!Short
by Zacmando
Silver Poised For A Mega MoveAt the time of publishing this research report, Gold is trading at $1488 and silver is at $17.50. Gold dropped more than 1% on Friday which makes the prices plunged from $1510 to $1480($30 move). The Donald J.trump tweet on Friday had a significant impact on the market in which he showed optimism ahead of his meeting with Chinese Vice Premier Liu He at the White House on Friday afternoon. Please, note-Our Trading position for gold and silver is active in our portfolio. Trump tweeted: “Good things are happening at China Trade Talk Meeting. Warmer feelings than in the recent past, more like the Old Days. I will be meeting with the Vice Premier today. All would like to see something significant happen!” The announcement of a possible partial trade deal between the U.S. and China boosted investors' risk appetite which drove the stock market higher and pressured precious metals complex. The Interest rate cuts has played a major role in the steep incline which we have witnessed in the precious metals complex however right now markets are pricing in a lesser chance of a rate cut in October, with the latest estimates from the CME FedWatch Tool projecting a 67% chance of a cut versus the 87% chance just a couple of days ago. Old comments-You need to keep in mind that at the moment it seems that markets have gotten ahead of themselves and pricing in a more than 80% chance of looser U.S. monetary policy however if the fed won't cut rates or even if easing will get delayed then it will turn to be negative for the entire precious metals space. Britain and the EU have fixed there next meeting on the Brexit deal which also helped to boost investors' risk appetite and brought positivity back into the market. Old comments-Technical levels to watch out for, Advises and recommendation from Goldsilveranalyst Although we understand all the factors mentioned which are supporting the price of Gold are still there including continuous fall in yields, geopolitical risks, fears of the industrial economy and notions of Quantitative easing coming from the major central banks of the world but despite the bullish momentum which we are witnessing,we have doubts about the sustainability of Gold's surge. Prices moved up substantially, and even though gold prices can reach $1585, we believe investors should lock in some profit at these levels. Gold has had a great run over the last year, up 17%. It has been a perfect storm of sorts for Gold , especially on the interest-rate front. With long-term interest rates declining globally, Gold has been an attractive alternative to debt," Gold is an excellent alternative to any risk, including economic instability and geopolitical tensions. However, at these levels, Gold is just too expensive. The two metals we recommend considering right now are platinum and silver . Both are historically quite cheap versus Gold , and in our opinion, may offer more upside potential should gold keep grinding higher,". "The price of platinum has mostly traded above the price of Gold , but that is not the case today. For those looking for an alternative to Gold , we recommend consideration of platinum and silver ," Summary-our macro research report suggests that the room for the equity market and the DXY to move higher from the level they are currently at- still exist,investors needs to be aware and cautioned what media is portraying and should research the market on there own,or should take the advise by the seasoned analysts however there shouldn't be any conflict of interest involved with in the advise itself. Even though the possibility for the equity market to grow even higher still exist we recommend investors to stay away from the stock indices as the reward doesn't worth the risk in itself. Our independent bias towards the precious metals complex remains bearish until gold breaks above $1,525 an ounce as breaking above would support more investors and traders to long gold with heavy conviction. Until that happens our bearish conviction will remain within the precious metal sector. Data to watch Next week’s biggest data release will be the U.S. retail sales on Wednesday, which are estimated to come in at 0.3% in September. The U.S. Beige book is also scheduled for publication on Wednesday. “Retail sales are a key measure of optimism. Any weakness there should help gold . Other key data sets to watch include the NY Empire State manufacturing index out on Tuesday and Thursday’s slate of numbers such as U.S. housing data, industrial production, and the Philly Fed manufacturing index.
OANDA:XAGUSD
by GoldSilverAnalyst
Elliott Wave View: Has Silver Started the Next Leg HigherShort term Elliott Wave view suggests the rally in Silver (XAGUSD) to 17.79 ended wave (1) as a 5 waves impulse. The pullback to 17.24 in the metal ended wave (2) with the internal as a double zigzag. Down from 17.79, wave W ended at 17.27, wave X bounce ended at 17.64, and wave Y ended at 17.24. The metal has broken above wave (1) and resumed higher within wave (3). Up from 17.24, wave ((i)) ended at 17.48, wave ((ii)) pullback ended at 17.31, wave ((iii)) ended at 17.8, and wave ((iv)) ended at 17.80, above from there it ended wave ((v)) of 1 at 18. Expect the metal to pullback in wave 2 of (3) in 3, 7, or 11 swing before the rally resumes. We don’t like selling Silver. As far as pivot at 17.24 low stays intact in the dips, expect the metal to extend higher.
COMEX:SI1!Long
by Elliottwave-Forecast