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THE WHITE METAL WILL SKY-ROCKET LIKE NO OTHER IN THE LONG TERMThe bull run in the precious metals complex which officially ended in Oct 2011 dragged the prices of the white metal to up to 50USD per ounce. That was a staggering 393% growth which took the prices from 10USD to 50USD however from there we have seen more than 70% correction in silver prices. The interesting part is even when gold is able to break it's 6 years long term resistance which stands at $1400, the Silver chart still looking dead and the gold-silver ratio is currently trading at 93 which is the highest in 30 years, so the question is what is really happening with silver? 1-We have already informed you that silver is known as a proxy for gold. Silver is known to be much more volatile than gold that's why it often is seen that when gold becomes expensive more and more investors tend to invest in silver in order to gain significant profit due to its high volatile nature however Recent report suggests that many investors are now looking towards alternative currencies such as bitcoin. 2-when you try to look at the 100-year historical chart of Gold vs silver prices you will be able to find two major bulls runs within the precious metal sector. The first one happened in 1971 which is known as a Nixon shock. The Nixon shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, Nixon Shock is a phrase used to describe the aftereffect of a set of economic policies touted by former President Richard Nixon in 1971. Most notably, the policies eventually led to the collapse of the Bretton Woods system of fixed exchange rates that went into effect after World War II. From 1971 to 1973 The gold prices surged in a significant manner(36USD per ounce to 130USD per ounce) however silver underperformed gold within the years and rose only from 1.40USD per ounce to 2.01USD per ounce, It took almost 2 years for silver to outperform gold when new money flooded into the silver market. After that Silver prices rose from 1.40USD to 36USD which was an astonishing growth compared to the yellow metal. Second major bull run occurred after housing market crisis on 2007, It took few years for silver to outperform gold as we have witnessed in 1971 however the only difference this time was that outperformance of silver was significantly higher compared to 1971. Please note-We have not mentioned Jp morgan manipulation in the silver market as that would imply writing a book in itself Ending this article with a quote-“History doesn’t repeat itself but it often rhymes,”
OANDA:XAGUSD
by GoldSilverAnalyst
1
XAGUSD (SILVER) SETS TO MAKE A NEW HIGH IN WAVE (C) OR (3)The XAGUSD (SILVER) daily chart shows that the rally from 13.88 low is a classic five-wave impulse. According to Elliot wave principle, a three-wave corrective pattern follows every impulse move and the bearish move after the completion of the impulse in Silver exhibits this characteristic. . The corrective wave unfolded as a double three combination structure with an expanded flat in wave A, a double zigzag in wave B and wave C unfolded as a simple zigzag pattern. . The corrective pattern also retraced about 50-61.8 of the impulse wave and reversing from a key support zone. . If this wave count is correct, Silver is expected to make a bullish impulsive move above the previous high at "$16.18" in wave (C) or (3). . Thanks for reading!
OANDA:XAGUSDLong
by Veejahbee
7.5yr RSI trendline observations (monthly)As illustrated via the solid blue RSI trendline, monthly futures have been accumulating pressure for about 7.5yrs. In our view, a monthly close above $16.15 would result in large capital inflows not seen since 2003. Risk associated with entering at present levels may be partially mitigated with a timely exit if weekly values close below $14.75. From a purely geopolitical perspective (gold/silver ratio, price history and mining supply conditions aside), silver securities offer credible hedge value.
COMEX:SI1!Long
by offsetfund2
Silver in an upward channel on the weekly chart?Things could get interesting for silver - it started an upward channel in September 2018, and is still trading inside the channel. If it can stay within this channel, we could potentially see a major break-out and re-test of this long-term triangle in just a few weeks, after which some long-term growth should be in the cards for this precious metal. It is difficult to see serious downside with all the loose monetary policy around and having been through a long-term correction. Interesting to follow! :)
FX_IDC:XAGUSD
by RvdH
SILVER - BUYSilver is a very important commodity, in fact it is even more useful that Gold. As only about 10% of produced Gold is used in various manufacturing, rest 90% goes for jewelry and just as safe haven, where Silver's 50% goes for manufacturing as an example your touch-screens, solar energy and medical sectors... But I'm not here to predict future of humanity :) Key things to note before analysis: - Top countries producing silver are Mexico, China, Peru, Russia, Australia, etc. Take into account their relationships with US, tariffs, their currencies vs USD. AUD/USD for instance, started to rebound already and has a huge way up to go. USD even if strong (as always) may strengthen a bit more, but has to go for correction anytime very soon. - Commodity market, for ex. Gold have shown reversal. Now Gold is a "Buy on dips" for majority and by far not many want to trade against its Bullish trend. - Assuming the average production price globally is $11.74 price still can go down, despite already some smaller producers are selling for a cheaper price (as their production cost is around $15). That is ok(ish) because the demand has lowered during last 2 years. But, India (which is major buyer) has increased its demand this year. - Demand will keep rising for Silver, but producers will definitely not want to increase production. For example Jewelry demand has already risen. "Why would I buy expensive gold jewelry during these crisis times. I want to save. Also silver is useful for health, it kills one-cell bacteria..." ;) - If commodity currencies rise, commodities prices will rise. Duh?! Ok, now the chart: Please pay attention to corrections, how they are broken and movements inside the channels. I have marked with red arrows price action which is less likely to happen and blue arrows show most likely to happen. So, I am expecting the price to test $16 latest by Feb 2019 and reach around $20.30 by April. The buy zone is reached for me and will SL at around key levels. If $13.58 is broken, I will look to start adding more at around $12 So this is a longer term trade. Please comment, share and like.
TVC:SILVERLong
by BerdRadar
Silver Past & Present Bull Run/Bear Market Analysis. Is RSI Key?This month's observations and discussion points are as follows: + Looking at the RSI, 200 MA and candles, it would not be unreasonable to believe there is more down time ahead. + Buying when the RSI is oversold on the monthly chart is not a bad good idea (not financial advice) as after the ONLY two previous times, bull runs have followed. Crunching the Data Bull Run & Bear Market A vs B Bull Run A >>> Dec 1971 ~ Jan 1980 (8 years & 1 month) Bear Market A>>> Feb 1980 ~ Feb 1991 (11 years) Bull Run B>>> Mar 1991 ~ Apr 2011 (20 years & 1 month) Bear Market B>>> May 2011 ~ Sep 2018... (7 years & 4 months...) Bull Run A>>> $1.39 ~ $38.20 (x27.48) Bear Market A>>> $35.12 ~ $3.62 (-89.70%) Bull Run B>>> $3.75 ~ $49.71 (x13.26) Bear Market B>>> $48.15 ~ $14.16...(-70.60%...) Notes: Bull Run A was x2.07 larger in price than Bull Run B. Notes: Bear Market A has so far decreased 19.10% more than the current Bear Market B. Final Calculation & Summary Bull Run A was x2.07 larger than Bull Run B, so it's logical to expect Bear Market A to also be x2.07 longer than Bear Market B. 89.70% / 2.07 = 43.33% Following this assumption, the current bear market needs to go 43.33% down from Bull Run A's ATH and at this point should become oversold on the monthly RSI and ready to begin a new bull run. It's currently already down 70.60% from the ATH of Bull Run B so I GUESS ALL OF THIS RESEARCH WAS A COLOSSAL WASTE OF TIME! I guess every bull run is different and shouldn't be compared?
FX:XAGUSDLong
by fifty2kph
2
SILVER TO GO LONG OVER THE YEARS!No long explanation here, just thought i'd do a quick share on markets I am watching to get in on for the long haul. If you read most of my charts in the past 3 weeks, you should know how I trade. Feel free to use this as your guideline. This is long-term trade so atleast a year upwards before you look into collecting your winnings. I don't really suggest where to get out, you decide for yourself, but if you want my suggestion on where to consider an exit then feel free to ask. Wait to bottom out and buy in at trend reversal to the bull side at below suggestions; 1st/top yellow line sitting at 13.723 2nd/bottom yellow line sitting at 9.683 DISCLAIMER! I suggest working on the monthly view (1M) timeframe, using the MACD , Stoch RSI and CM_Ultimate_MA__MTF_V2 (combo of multiple indicators created by someone and accessible if you have pro account on tradingview). Do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, thanks.
TVC:SILVERLong
by Dani0
2
Silver critical point - will show future direction early MondayI have 3 main scenarios and the good news is that they will reveal themselves very early next week. Scenario 1. The current correction is an abc, in which wave c has already extended slightly over 1:1 (Pt. 2). This would point to the price facing very strong resistance at its current level and failing to break higher. If price fails to break above $15.55 and also travels below the green box, this would strongly support the view that we are about to start wave (5) down to the mid $14s (or more). Scenario 2. The abc as I have tentatively named it, is in fact wave 1, 2, and 3 of a 5 wave move up. If this is the case, then we will also know very soon. If the price breaks above the double top formed on late friday and continues higher, this view will become more plausible - and Pt 1 a plausible short-term target. If the retracement that follows also fails to travel below the green box (Pt. 3) then this view will be futher supported (I know the wave 1 (if it is wave 1) top should not be breached by wave 4, however, in highly leveraged markets this can be accepted). Scenario 3. This would be that we have seen waves 1, 2, and 3 of wave (A) up of a larger ABC correction that should reach up to and possibly beyond towards the lower trend-line (but not above $16.20 (the wave (1) extreme before forming wave (5) down. I was stopped out for a small loss (my stop was too close) shorting the 1:1 wave 1 / a extension. But I will look to take a larger position shortly after the markets open again Monday - and I suspect that position will be a short one, however, I will wait for a wave 1 down to form first. If we continue down to break below $15.347 and the swing low at $15.185 I will add to my short targeting $14.60 for a 1.618 fix extension fo wave (1). Thanks for reading my post. Good luck everyone.
COMEX:SI1!Short
by flyinkiwi10
1