Silver- 30usd in January?As I said before, in a bullish scenario, in my opinion, Silver has more to gain than Gold.
And as we can see from the chart, XagUsd has spent the last part of December above important horizontal support from 25 and also above the descending trend line. giving us a clear bullish bias.
Last days of 2020 the price of Siver consolidated and formed a pennant which also gives us reasons to be bullish and hopes for a continuation to the upside.
My strategy is to buy dips around 26 and only a daily close under 25 would change my bullish outlook
Silverlong
Skyrocket boomHow much price of XAUXAG (Silver) might go this year of 2021?
Hello guys! I hope your doing great today.This gonnah be your's one. In this article I'm going to explain the chart movement for silver!
Is this real that the silver might going to hit $30 for every OZ. Literally, making us to think high. Right!
How much does it going to grow up by 2021-2022 and by when the movement starts to rise above the resistance level..
According to our strategy by the end of month Jan-Feb 2021 the price of silver tends to move above like an gold it may hit high as boom..
Now,Coming to this chart.. OANDA:XAUXAG
The price consolidation occurs on 19 Sep'14 to 29 Jun'16..
Target sell value is literally up to 68.547(Silver value) and it possible to go up to 38.2% FIB ANDA:XAUXAG
$GGD - Near term target $3.50 (Q1/21) 2020 proved to be quite a turnaround for $GGD financially/operationally and the near term production looks very promising.
At YE19 - cash was low, ops were running at a small deficit, market cap of approx $125m.
At YE20 - cash is U$53m, ops are running at record production, market cap of approx $615m
Silver performed well during 2020 which allows GGD to operate its tailings deposit at positive margins. The Company stated they realised U$6.5m of FCF at a silver price of U$22.71.
Silver price today of $26.40 gives them an additional U$2.2m/qtr of FCF.
Near term catalysts - you could see this at $3.50 by Mar/21:
Los Ricos South PEA - grade profile for OP is 2.26 g/t Gold Equiv, nice operating margin given cutoff originally used $1,400 gold and $16 silver - if recoveries avg 70% combined, the project will provide a nice IRR. If additional tonnage added through drill program, even better for the economics of the project as a whole.
Drilling - one of the largest drill programs in Mexico, the Group sees value in unlocking the Los Ricos region. Positive results from the Northern region of Los Ricos will add more value because of proximity to Southern Region which will have soon to be released economics via a Preliminary Economic Assessment.
Consolidation - better assets are hard to come by, the Group will likely see interest from several larger silver producers. Well performing asset, attractive development asset, clean balance sheet.
Management - the team knows Mexico well, has operated in the capital markets space for over 20 years and have previous success.
Limited downside through 2021, no warrant overhang, management ownership.
SILVER BREAKOUT and Bounce off support = BUY SIGNAL!Silver breaking above recent high and bouncing off support at $26.21. Upside Target Price = $28.18 for a 3.4R trade!!
MACD breaking above 0 line and Bullish divergence and rising showing NEW Uptrend on Dailly Time Frame and resuming Weekly Uptrend. ALL Time frames weekly, daily, 8 hr show a BUY signal.
Expect Silver to eventually Break ATH but 1st $28.18. But expect Silver Miners to outshine SIlver.
Checkout PAAS Trade posted here.
As I said in that post I expect Silver to take everyone by surprise. I expect PAAS to break out tomorrow as I described in that thread.
Entry = $26.39. SL = $25.89. TP $28.18
Silver - Daily and 4H bullish scenario Here's the scenario I'm thinking of for Silver, it might drop a bit to the demand zone where there's a strong support on different timeframes, it also indicates to be overbought on the daily, macd is weak and stochastic want to decide.
Anyway, it might drop as I said or just continue to be bullish to target 29. But if it dropped I don't expect it to go under 200 ma (red moving average).
If none of the above scenarios happen then we got another demand zone as backup (22.5)
Silver- short term outlookAfter reaching a top at 27.40, Silver dropped quickly to 25 zone support. The price acted like a falling ball, with this 25 as a floor and lower and lower rebounds.
On an H1 chart, we can see a small double bottom forming, with the neck-line at 25.50, resistance which coincides with the falling trendline. A break above would expose 26 important resistance in the short term.
I'm bullish as long as the price stays above 25 zone
Silver- 28 next?As usual, Silver is more volatile than Gold, and yesterday's 500 daily range on XauUsd translated in more than 2500 pips volatility for Silver. But, also here, nothing is changed from a medium-term perspective. The drop from 27.40, although very violent, is nothing more than confirmation for 25 as strong support.
At the time of writing Silver is trading stable above 26 resistance and I expect the bull run to continue towards 28.
On the short term, dips should be bought and the bullish scenario remains intact as long as we don't have a daily close under 25
Lost Money On Silver XAGUSD? Watch This Video To Learn Why!XAGUSD Silver has been a very profitable trade for us at the Sunday open, everything that we have detailed in our previous Silver XAGUSD analysis has unfolded to a T.
As I mentioned on the video, I was going to post a link for our other social media but just noticed that it violates the house rules, so I won't post any link here. Make sure you like & follow to never miss any other tutorial or forecast.
Here's the link to the previous analysis: