Silver is getting ready to pop. 2021 target of around $45/ozSilver is forming a bullish ascending triangle with the potential to break out in the coming days or weeks. It may be possible to get another rejection on the resistance line, but I would imagine as the economies of the world reopen and velocity of money starts to pick up, inflation will drive silver up to old highs this year. Long/hold position is wise at this point, unless the ascending support line gets broken.
Silverforecast
SILVER (XAGUSD) SELL FROM KEY LEVEL As i am watching silver had made a double top and make higher high but get rejected from 30$ zone
it had already done a retrace but we are expecting silver will retest these design levels and as we can see a recovery in $
so if it will not be a bubble then with dollar move it will go to our TP
Friends Silver is a highly risk based trade so always use proper money management
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The formation of the Diagonal pattern at the end of 5th waveThe formation of the Diagonal pattern at the end of 5th wave from point b
First, let's take a look at the weekly chart. The first uptrend ended in the range of 49.83, and the price is in corrective phase for this uptrend, which can be extended up to the $ 8 level.
( Weekly Chart )
In the corrective phase of (2 / B), there is the possibility of the termination of wave A in the range of 13.65 and also wave B is in the form of Expanded Flat, which might be finished in the range of $ 30.09.
In the daily chart, by ending the b wave from point (B) in the range of 11.63, according to the Expanded Flat pattern, we should have 5 ascending waves, which are completed in the range of 30.09 and the Diagonal pattern is formed in its 5th wave.
If this pattern is being confirmed, i.e., the price can cross the range of 24.06, we can expect a downward trend with very high targets, although the initial target according to the Diagonal pattern could be in the range of $ 21.66.
23.30% SHORT INTEREST. SILVER SHORTAGE. SHORT SQUEEZEThe United States Mint just announced a shortage of Gold & Silver. See links below.
www.theepochtimes.com
www.reuters.com
Silver has been artificially & fraudulently held down for decades while gold continued to rise.
JP Morgan just bought "FAKE" Silver by creating ("Procured") 61,250 contracts, or 61,350,000 new ounces of Silver (1,000 oz bars) in a matter of days. JP Morgan has been creating Silver out of thin air with nothing to back it up.
When the house of cards falls, you will want physical Silver not contracts, worthless pieces of paper.
First Majestic cannot mine Silver fast enough, everything they have is sold out. Check their website. (Earrings should be a gigantic beat)
store.firstmajestic.com - (Website Bullion Store Message - Due to the influx of silver orders we have to temporarily suspend sales for maintenance we will try our best to get back online as soon as possible.)
Folks, there is a shortage of Silver and the big banks are artificially holding the Silver price down. They cannot keep holding the Silver price down especially with robust demand now.
If you look at inflation, silver should be trading around $1000.00.
Gold & Silver have been manipulated for decades. The manipulation needs to stop!
Today silver is invaluable to solder and brazing alloys, batteries, dentistry, glass coatings, LED chips, medicine, nuclear reactors, photography, photovoltaic (or solar) energy, RFID chips (for tracking parcels or shipments worldwide), semiconductors, touch screens, water purification, wood preservatives and many other industrial uses. Washington-based industry group the Silver Institute calls it "the indispensable metal".
The biggest consumers of silver for industrial applications this past decade have been the US, Canada, China, India, Japan, South Korea, Germany and Russia. Over that time silver demand from older industries has faded, only to be replaced by new technological uses.
With a silver shortage brewing, and First Majestic Silver reporting earnings on or about February 18, 2021, the stock looks ripe for another short squeeze!
I moved into Gold & Silver Bullion - I am out of the stock market.
If you like short squeezes, this silver stock looks ripe for the picking!
The last squeeze spiked the stock to $24.01 within days.
I think it will happen again very soon!
Best of Luck!
$SILVER - Bullish scenario, target $29✴ - Volume looks good but still under the average
✅ - Double bottom on 1h
✅ - Bullish price action on 4h (Bullish Engulfing)
✅ - Harmonic pattern forming (Crab 🦀)
✅ - MACD
✅ - STOCH
✅ - Momentum
✅ - DeMarker
❌ - MA50 (2.5% under 50MA)
✅ - MA200 (2.6% above 200MA)
✅ - Pivots: (2.7% above the pivot point )
⏰ - Breakout 1: $27.17
🚀 - Potential targets (🚀$29)
🪂 - If things goes wrong better to exit under 26.46
🚦 - Next entries in case if dropped: --
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
SILVER is Cinderella Gold 💇🏼✨Our updated Silver chart might be giving whoever missed out, a good entry point.
We were expecting the rise for a variety of reasons and entered at a GREAT time :
Silver is FAR away from it's all time highs, which makes no sense to us.
Gold is almost at all time highs which does make sense to us.
Silver is also called the 'Cinderella Gold' and maybe it is time for Cinderella to shine.🦢💇🏼✨
50$ sounds better for this lady than 25 or 30...100$ would be a wild dream, let's make dreams happen.
ps. Wallstreetbets mode also ON , here on Silver battleground
ps2. don't forget about AGQ- Silver ETF on steroids
$SLV SQUEEZE POTENTIALCharts indicate we could be in for another spike, the likes of which we have not seen since the market crash of 2008. All EMAs are converging on the current price point and with a tremendous amount of squeezing to be had in the weeks to come, more and more people will be hedging with silver as the big hedge funds start to take losses. Squeeze indicators show a lot of positive momentum, mirroring the same volume prior to the 2008 spike.
Options in the money currently are adjacent to relative resistance levels are an ideal play in my opinion.
SILVER - $1000 might be too far, but can it hit $50?SiLVER has been consolidating for years now, ranging between 13 and 20 USD.
We can see a GOLDEN CROSS in May 2020 on the weekly timeframe, which marked the beginning of the current uptrend.
SILVER break through 20 to 29.83 in August 2020 and recently got a nice support, bouncing up from 21.5.
Previous ATH:
48 in January 1980
49.83 in April 2011
It is unclear if SILVER can go up to $1000, but if is would be able to find support at 27, it could possibly reach 31.1 and even try to break previous ATH, climbing above 50 USD / OZ. Who knows what next?
Would be very interesting to see SILVER in action. Going long here. Expect heavy volatility!
Not a financial advice, do your own research!
XAUUSD 24.60 - 24.00 High Demand zone Initial Target 26.50Silver between 24.60 to 24.00 high demand zone for long. 18th January daily bar is key reversal bar indication for bullish momentum in silver ahead. May buy with small risk add more on dip by dividing risk on multiple trades. stop low below key reversal bar low.
AGQ - Lose a thousand or make a million🍒💰My favorite ETF to buy.
Why buy Gold at almost record all time highs?
Why trade Silver futures with a high leverage that can bit me in the ass in a single day?
I prefer to buy the ETF and trade it like a share✔️, thus no expiry on a CFD✔️, no huge leverage✔️, no expiry means i do the broker no favors✔️
For this trade alone I have an account on a broker just for this one, yes only this trade. I deposited an amount I can lose without crying and I do 2 things:
I buy it and I compound the profits.
If Silver goes to 50 again then this should go to 700s again like it did 10 years ago.
If that happens, the broker will be in pain. My favorite people to hurt (financially) is the brokers.. as you all they can afford it.
Risk to reward with a leverage of 5 and compounding is 300 to 1. I take this trade 20 times if I have to (this is actually attempt number 3😉)
XAGUSD (SILVER) BUY ZONE !!! As i can see silver is currently trading above 25$ which is a great point to enter for buy's
it already break the Triangle zone on hit our tp on last posted analsysis but now it retrace and going to make a new high of 2021
mostly it moves with Gold Move and Gold is also @ strong support closed on since Friday
US INDEX (DXY) still have to drop more and many other fundamentally thing to move it to make a newer lower low
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Silver Price at Trend line Support | Uptrend Silver chart is showing really good trend line support here it can move higher and higher
Silver price today is moving in below last 3 day low. breakout above will be our entry.
After correction in US dollar Commodities Price is moving good also in pandemic situation Investor majorly hold the commodities and bitcoin which is one of the best investment considered by the major institutions.
silver price must close below or above the trend line for next price direction
Silver Bullish scenario, wave 3 in preparation 238$Silver is gaining momentum in bullish territory on the monthly chart.
All MA's are now acting in support which is really good. VWAP is also under which give great push on the upside.
Here are some projection for next Grand Cycle Wave 3
Based on last intermediate wave 2, the intermediate wave 3 can reach :
161.8% - 86.688$
261.8% - 133.092$ (my favorite choice)
361.8% - 179.496$
The Big view can bottom of Grand Cycle Wave 2 give us a clear path for W3 to :
161.8% - 86.688$
261.8% - 129.64$
361,8% - 178.288$
461,8% - 226.612$
Some upside strong indicators :
-Bullish Monthly KDJ
-Monthly RSI in bulls control
-5M chart bullish Stoch Rsi
-5M bullsih KDJ
-5M Bullish RSI
-Everything look good on daily, weekly chart-
-Weekly MACD gaining momentum
-Daily MACD Bullish-
-Pretty strong momentum Monthly MACD
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