Silverlong
Silver... The buy of a lifetime!!If you have missed out on bitcoin or feel your position is not as strong as you want, or perhaps you want to diversify a little.
By simply looking at this chart and understanding chart patterns you can see that silver over a forty year period has been forming an almost perfect cup and handle formation. The cup and handle is not confirmed yet and may take another year or more before confirmed. I assure when it does we won't be talking about $30 $40 $50 silver anymore as it will go well into triple digits. Any buys under the price point of $50 usd will be laughable. The problem with a waiting for confirmation strategy is that might be hard or near impossible to take possession of physical deliver of silver.
The highland oval of the RSI shows that Silver is clearly in a bull market (still very early) as it broke through the 60 on the RSI and has held it as support.
Once the $30 level (final true resistance) is broken there is a smaller resistance area at $35 to $36 usd and then $50. The confirmation of this chart pattern comes only when previous all time highs (resistance) is passed and retested as support. That point is around $49 to $50 usd
You want generational wealth? For me it's Bitcoin and Silver. Yes Silver over Gold.
All opinions shared here are my own and not financial advice.
SILVER- Time to Buy againThe Dollar is rising at the moment but I smell opportunity.
Inflation alone should be able to lift Silver to the 35$ mark.
For us here, it's time to Buy again.
the FXPROFESSOR
XAGUSD 16 June 2021 #H4XAG/USD on H4 chart on 16 June 2021, as we see there are strong support since 17 May 2021 , also at the current MA200 around 27.5
Trading plan : Wait for pullback and long at 27.5 , Target 1 At 28
Silver Will Surpise MANY peopleSilver is inside a massive Ascending triangle and there is a higher chance of breaking to the upside. Since it is in a bull market and also gold already broke out, silver to follow!
XAGUSD (SILVER)Hi, well i share another idea of XAGUSD, really like this par. Wait reaction in the zone or in the OB below. Let me a like or question in the comment.
#Silver Will Quickly Surge To $50 By EOY:#Silver and #Gold will begin their next leg up in the near future.
There's a possibility that this is that last time you'll be able to buy silver below $30 an Ounce!
I'm making this more as a warning because FOMO sucks..
Metals may only go up and sideways during our lifetimes...
Silver and Gold are used as conductive components for computer chips, and manufactures are constantly buying for production...
Global Semiconductor Industry had massive year over year growth (11%) and this will continue to creates further demand for these metals potentially causing prices to rocket, amongst many other reasons..
DYOR, NFA , Comment Below With Any Questions About This Idea, Follow For More!
SILVER - Long Term VisibilityA breakout could signal a huge run as the price has been consolidating for a decade.
Silver Bullish Ascending Triangle target is $37Large weekly Bullish ascending triangle on Silver. The breakout level is $29. It will quickly move to $37 thereafter.
SIlver - Potential Bullish Set-upSilver has had a shallow retrace to the .236 level of the first wave. Providing an upside break of this ascending triangle (and hopeful retest as support) this would be a great set up to push towards the next Fibonacci extension levels (posted below).
The line target is a clone of the height of the triangle.
SILVER- Brilliant trade yesterday but approaching our TargetI hope that many of you took advantage of yesterday's idea on Silver.
At this stage, the price is clearly bullish but approaching our target level for take profit at 28.42
the FXPROFESSOR
XAU Index breaking out against Gold, Fortune Favors The Bold!This indicates long term outperformance of Gold and Silver Stocks against Gold!
SILVER- Volatility AlertVolatility is on after a US positive unemployment data (good news, economy recovering, dollar rising) before exploding on the upside after a higher than expected CPI (Consumer Price Index = Inflation).
As you all know I am constantly looking for LONG set-ups on Silver.
the FXPROFESSOR
LONG POSITIONSilver is stalling on the offer, but intermarket correlations are compelling
Silver is in the hands of the bears as it struggles below daily resistance.
Positive correlations to the stock market are compelling as the US dollar firms.
As per the prior analysis, Silver bears taking up the baton towards a 50% mean reversion target, there has been little progress to the downside but the path of least resistance remains with the bears.
Prior analysis, daily chart
Silver prices have stalled at daily resistance and in the day’s move to the downside, it has subsequently formed a new 4-hour resistance at 25.91.
Supply would be anticipated to reemerge there and result in a deeper bearish retracement towards the early April highs and a confluence with the 50% mean reversion level of the latest bullish daily impulse at 25.50.
It's been a sideways chop since the prior analysis and the price is flat on the day so far.
However, from a longer-term vantage point, the bias is to the upside and given the recent test of the 38.2% Fibonacci on some broker feeds, then there is a possibility that the price can firm at this juncture.
The price has already tested the monthly support of the W-formation's neckline and is moving higher.
That being said, the IUS dollar is in the hand of the bulls from critical support which could give rise to a continuation in the downside on the daily chart for silver prices:
DXY attempts to recover as US stocks continue to bleed
The positive correlation to US stocks is also worth noting:
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Silver- Bulls need a clear victory above 28Since the beginning of April the price of Silver has risen by more than 20%.
Now the battle is given between 27 and 28 levels and we will have a winner soon.
I'm bullish in the medium term and I expect a break above 28.
30 is my target, but a daily close under 27 would deny my outlook
💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 28.55 on 06/ 01 /2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 55.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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💡SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
While the RSI support #1 at 48 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 28.55 on 06/01/2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 55.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
First Majestic - Multiyear Breakout on Silver's Cult StockPrice is currently forming a pullback.
RSI and Stochastics are still bullish and in positive territory.
SILVER- 3 Support Levels to Buy fromOur updated Silver chart shows 3 possible support levels to Buy from.
This should keep us busy up until Friday when the NFP comes out.
Friday will be EPIC for the dollar and gold/silver as well.
Stick around, be on alert.
the FXPROFESSOR
PS. AGQ idea below on how to get on a stock (ETF) related to silver (the Cinderella Gold)
SILVER weekly analysis 🦐Silver is moving in a huge ascending channel and tested the lower trendline, the long correction movement might be to an end soon.
If the market will break above according to Plancton's strategy we will set a nice mid-long term order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
