Silverlong
Silver could reverse from supportSince the 18th Aprile Silver's price has dropped almost in a straight line with a single significant green candle on the 4th of May.
Now the price is trading in the important 22 support zone and we can have a reversal at this point
The first resistance is just above 23 followed by important 24.
Buy dips under 22 can be a good strategy with negation if support falls.
XAGUSD - SILVER - LOOKING FOR THE LONGWe're looking for the LONG in SILVER - XAGUSD
We have hit the 618 retracement of the previous swing ( 15.12.2021 - 08.03.2022)
We are approaching a 1.272 extension of the last minor swing (28.03.2022-08.04.2022)
There is a buying tail now except we have no real evidence of buyers yet.
We could see further decline to 707 or 786. The 786 happens to match up with the 1.618 ext. This would be a great buying area.
Keep your eye on this one...
Silver is going to EXPLODE HIGHERTake a look at this chart showing the disparity between US stock market prices, gold prices, and Silver from the end of the US Gold Standard (1971). All you have to see on this chart is the rally in Gold and the SPX recently. This is the EVERYTHING BUBBLE created by global central banks over the past 8+ years.
There has never been a time when FEAR and ASSETs have risen together like this. Global central banks have pushed debt/credit levels to extremes. Traders understand the risks and are already shifting capital away from stock market assets in preparation of a Fed rate hike. They know what comes next.
Silver has been so undervalued over the past 15+ years that the disparity between these price levels shows Silver has at least 150% to 300% upside price potential over the next 24+ months (or longer).
Now you know why so many people are talking about how the global central banks have fooled people into believing paper has any real value. Gold/Silver are value. Paper is just paper.
Learn from the Chinese. Over the past 6000 years, there have been numerous paper currencies pushed out as forms of value by rulers. Eventually - all of them collapsed. The locals realized this and continued to collect Gold and Silver (trading their paper for Gold/Silver when possible).
The unraveling of this EVERYTHING BUBBLE will be epic.
Follow my research.
Updated Silver AnalysisLooks like my previous look on silver was wrong. Looks like it is still within a wedge and we are looking for a breakout within the next few months. After the breakout I'd fully expect to see at silver at a minimum of $50 an ounce. Personally, I'm seeing costs of goods go up higher than that currently, with the addition of increased labor rates, some raw materials are close to 3x what they were a year ago. It's only a matter of time before silver does the same.
Tue 12th Apr 2022 XAG/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD (Silver) Buy. Nicely supported with hidden bullish divergence. Enjoy the day all. Cheers. Jim
SILVER - Test will be at 28.8 $CPI data coming up this week (tomorrow) and safe havens could be ready for a flight.
Methodology. A consumer price index ( CPI ) is a measure of the average price of a fixed basket consumer goods and services purchased by households. It is one of several price indices calculated by national statistical agencies. The percent change in the CPI is a measure of inflation .
Understanding Safe Havens
A safe haven investment diversifies an investor’s portfolio and is beneficial in times of market volatility. Most times, when the market rises or falls, it is for a short period of time. However, there are times, such as during an economic recession, when the downturn of the market is prolonged. When the market is in turmoil, the market value of most investments falls steeply.
One Love,
the FXPROFESSOR
SILVER | SHINNING RESISTANCE AHEADSILVER has bounced from its old support zone of 23.9 - 24.1, where buyers once again pushed the price higher breaking minor resistance of 24.52.
Currently price is trading above the 24.5 area and is heading towards the strong trendline resistance.
We are expecting the price to break this resistance this time and continue its upward journey towards 30 mark.
Trade your levels accordingly
Silver/EUR Long Setupnice falling wedge setup after breaking out from bigger pennant, Signaling a continuation break out. Looking for price to get tight above capitulation wick into a a final squeeze then breakout. Could be a trade to push since the the target from initial breakout is much higher. Pattern to trigger bigger pattern.
SILVER | BUY ON SUPPORTSILVER - XAGUSD has been trading in decending traingle after making a high of 27. We are still bullish in the shining commodity. A long position can be taken here with calculated risk below the support level.
A break above the falling trendline will call for more agressive attack from bulls.
Trade your levels accordingly.