Silverlong
Silver Price 2021 - V2An update of a previous chart.
Just a bit more of a play with time frames, although the core 16 year cycle is still solidly in play.
Most interesting thing to note was the .38 ratio in play between the big movements.
This is the after affects of Gold standard removal in 71 coming home to roost, incredible.
Interesting!
Time to test the weekly trend - Possible breakoutSilver is looking to test the weekly TA trend. This could possibly be the beginning of a new bullrush if the resistances shown on the chart are broken. It would likely mean the start of more volatility but also a larger uptrend.
With macro looking the way that I've mentioned previously I'm decidedly positive and long silver.
Let's see where this takes us and if my speculation is correct. I'm merely a TA noob, so don't take my ideas all that serious yet even if my fundamental analysis perspectives are more mature.
Silver- Ready to break above resistanceUnlike Gold, Silver is in a clear uptrend, with the price putting in higher lows and higher highs since the beginning of December.
The spike to 30 from the beginning of February is now corrected and XagUsd looks ready to resume it uptrend.
At the time of writing Silver is trading at 27.55, just under 27.80 resistance and a break above resistance can lead to a new challenge of 30 zone.
Silver is in a clear uptrend as long as the price stays above 26 and dips should be bought
Silver Set UpTrap 2.0
Will placing 2 positions once the market is open,
price is above the 10, 20 & 50 EMA!
Most recent candle engulfed the 3 previous candles.
TP's will get hit, money will be made!
*Markup is on the daily so it might take a few days to fully play out but hold & don't fold!*
(Personal recommendation try to buy physical silver, the central banking system is in historical weird times with all the debt created and the inflation of all currencies. Silver & Gold are tangible items that's values will never go away plus silver is used for solar energy! Think bigger, think for the long term & never be scared to lose.)
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.
Long term indicators turning positive - WWide Stimulus = SLV+Long term indicators are turning positive whilst the FIAT money printing is increasing world wide to counter-effect Covid-19. As a counterbalance precious metals and diamonds act as value preservatives. With this reasoning my speculation is that we are getting closer to a clear turningpoint within this field. Due to this I'm long silver both as investment and hedge towards unforseen effects being born out of the post-covid world.
Silver long term target.Hello everyone,
Here is my look about silver in long term. First of all, the trend is still bullish, and DXY is still getting weaker and weaker as US still printing money non stop. Price might be able to reach the month high 2011 at $48 - $50.
And recently, we just break out of the short term down trend. If you are agreed with me on this, I do recommend people to looking for opportunities to buy base on 4h and daily timeframe.
Goodluck to everyone
Please do your own analysis before trading.
Market manipulation on Silver by JP Morgan!Hello.
Let me get this straight.
First of all, I am a holder of physical silver and I find it very strange, that Jamie Dimon (JP Morgan) is meeting the one and only Joe Biden just after a rough couple of days of silver going up in value and demand
As of recent, I noticed a strange volume occurring on silver futures and I thought I would do some digging, and I must admit I was not the first one! For other people, this might be normal to know that the silver market is acting weird, for me this was the first time.
The ongoing investigation led me to this article today.
Posted by ZeroHedge -https://www .zerohedge.com/commodities/houston-we-have-problem-85-silver-london-already-held-etfs
Where it says that JP Morgan added to their SLV position 2800 tons of silver.
Which compared to the yearly OVERALL PRODUCTION OF SILVER IS 10%!
If that number just does not say they ARE FULL OF CRAP I don't know what will...
The OVERALL annual investment in silver is about 18% of its whole production and here we have JP Morgan throwing in 10% of that in their vault in about 5 days when the price is almost at local high? Seems legit.
Here is what the article says too...
There is only so much silver left for ETFs to fight over in London vaults and when there is non left the price should skyrocket. Unless they start printing again?
Sounds a LOT like there should be an investigation or at least I am hoping that people buying in those ETFs start to bank out physical silver and take this god damn banker's firm to the shothole it came out of.
I hope you are doing great. and have fun longing the best precious metal out there!
Cidoguy.
Long Bias on Silver XAGUSDI have a long bias on Silver, XAGUSD... key reasons..
1. Silver has already made a new all time high and after consolidation, it is making it's way back up forming a steady uptrend movement to retest the highs.
2. Silver is a utility metal unlike Gold, meaning it does have a lot of demand especially due to the growing electric vehicles industry.
3. Silver as a long term investment against the weakening USD due to the Biden $1.4 trillion USD stimulus plan + US Fed keeping interest rates near zero for the rest of 2021
Technicals
1. Alligator is pointing up
2. MACD has crossed up
3. Weakening US Dollar Index
These 3 main ideas give me a long term bias on Silver as a good long trade and now looks like a good time to go in with small positions. If it drops further, just keep taking small long positions and accumulate for future profits.
Bullish Divergence Sets Up a Buying Opportunity for Silver!Silver (often traded through SLV/PSLV ETF's) has had a busy week! After getting pumped to 10-month highs on Monday, we saw sellers attack price relentlessly for 2 days. Today, however, was different. Back at old-resistance/(new support?) from 2020 at $24.50-$25 on SLV, we are seeing a basing pattern with hidden bullish divergence on the cumulative volume percentage indicator (lower lows on indicator, higher low on price). This suggests sellers have been more aggressive than buyers, yet price has not dropped further as a result, suggesting there are opportunistic buyers accumulating at these levels. This offers a unique trade opportunity to the long side. If SLV can hold its low of the week (or at least not close a weekly candle below it), it provides reasonable reward-to-risk for a 50-62% retracement towards the highs, and possibly a gap fill. Note how CCMI (or your momentum indicator of choice) is rotating back upwards, approaching the zero-line on the 78min chart (no using hourly charts for indicators on equities or ETF's! Every candle MUST have the same amount of info for indicator readings to be valid!). I expect we see some bullish momentum into the end of the week. Buying a breakout over Wednesday's high or even after a dip under the low that is supported by the daily 50 sma (not pictured, currently at 23.52) makes a LOT of sense.
Silver AUD daily- FlagFor further details about Flags:
Upward breakout 60% of the time (Bulkowki research below).
thepatternsite.com
Silver retesting 30$+ ? With the talk of this stimulus suggested by Yellin, inflation occurs regardless.
Entered @26$, TP around 30$, However, if we break this resistance we are definitely going to at least 35$. Will have to re-evaluate then.
Would've bought some real stuff but all the bullions are practically gone...
Good luck ladies and Gentlemen!
Still bullish!
TVC:SILVER
(Disclaimer)
(This is not financial advice, just my opinion)
SILVER - large accumulation Preconditions:
- Large accumulation
- False break out
- Key level
- Global uptrend
- Local uptrend
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
Silver- To maintain its strong bull trendAs I said in a lot of my previous analyzes, Silver is more bullish than Gold and although XauUsd lagged and stayed under 1900 and weel under its all-time high, XagUsd spiked to reach 30.
As normal a correction followed and Siver dropped over 15% to 26.
From a technical perspective, the structure remains strongly bullish and 26 is strong support at this point.
My strategy is to buy dips towards this support and 30 can be the target in the medium term
Medium term cycle is up until the middle of spring.My regular weekend charts update- clear and requires no explanation. Tomorrow will post a more detailed report.
(The green bar is the price projection)
Silver (XAGUSD) - Bounce TimeWe have an order block below the previous support on Silver (XAGUSD)
The support marked has been hunted with a wick once, let’s see if we can get a second manipulation followed by a bounce to the upside.
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!
