Great buy opportunity on AGQ (Silver) for a 13% returnGreat dip buy opportunity on AGQ as this etf has been on a strong upward trend and recently experienced a correction. Closed above the 180 day EMA. Look for a reversal for a possible 13% return.
Silverlong
Silver analysisSILVER ANALYSIS
1-Silver trend to move along with safe heaven king GOLD
2-In recent days silver is outperforming the gold interms of daily % of gain/lose
3-Its moved an average of 4-5% a day
4-Yesterday range is almost 8% for a up and down rally
5-Currently it's trading at the recent trendline support level which will further attract the buyers and it has room to to rise as compared with GOLD
6-23.774 would be a next support level to watch as its coincide with 38.2% Fibo
SILVER - What Next?I am interested in Silver after it broke the small descending trendline marked, I believe the price will range within the zone marked before we get a clear breakout either way. I have made sure to mark the key levels I am interested in and potential positions you can consider once they are broken.
According to COT data source - 57% Long
SILVER on a monthly resistance (M/W/D) 🦐SIlver on the monthly chart has approched a huge monthly resistance, price hit the 30 area and got sharply rejected below.
On the weekly chart (low left) we can see that after the spike in the rejection bulls gain again power.
On the daily chart (low right) price started a tight consolidation between the monthly resistance and a daily support.
We can expect the price to carry on the consolidation range before a break for new recent highs.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
XAG/USD - BULLISH AFTER NEWS XAG/USD is going to turn bullish after the news reports tomorrow. It will retest the .786 on the fib and rise to the 29.67 level. Essentially forming a double bottom.
Silver in to new highs again! After this really long bear market, I am super bullish on SIlver... have been since 18$
The GOLD/SILVER is going to shit...
If I'm correct we might hit 300$ on Silver eventually...
It has not been corrected to the new inflation, and that is what I'm waiting for now to happen!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
Could Silver Hit $35+ ?If the MACD on the daily continues towards positive and crossed, the current channel would top at $35.
SILVER LONGING FOR LONGS. UPSIDE POTENTIALSilver has been in correlation with the famous metal Gold in anticipation for inflation due to the covid pandemic. It continues to be a form of hedge together with BTC and other precious metals. As DXY continues to devaluate due to easing/ money printing of trillions of dollars to save the economy, it will continue to further itself from its intrinsic value. This causes investors to flee from holding bonds, cash, and other forms of inflationary assets.
Silver support/resistance levels. Long term outlook.Not financial advice.
Trade carefully and good luck.
SILVER !!! EXPECTED TO GO LONGYo Traders,
Silver has been an uptrend for quite sometime and is now forming a symmetrical triangle. With the dollar weakness continuing silver is expected to go up further.
Lookout for break out of this symmetrical triangle and going long on silver
Lets wait and watch
Thanks
Madtradex
SLV and silver continue weekly bullish trendSLV needed to close above the $24.90 higher low of last week today to continue i's bullish trend on the weekly chart. Nothing fancy here, simple upward bullish trend. Yesterday Feds promised inflation which is the ultimate bull signal for precious metals, when considering phys demand remains very high and supply is very low in the US, falling dollar, and China and other countries starting to buy electronics again, all signs point to continued rise with expected small pullbacks due to bank manipulation of the COMEX/ETF.
I suspect silver, SLV and most mining stocks will out perform gold here on out since it is still extremely undervalued. As inflation rises, silver, the poor man's gold will have continued retail interest in physical as well as ETF's
See my other charts for support and resistance levels, Fib levels Fed policies, and other analysis...I have been adding on every pull back and now just hanging on for the the ride up to $50 with $45 Jan calls. Don't miss the boat.
SILVER -> HEAD & SHOULDER 30MIN ->Target $28,5Silver at the neckline 30min Head & Shoulder pattern. Breakout -> retest and go?
SILVER must GO UP!Hey tradomaniacs,
looking at silver we can see a very nice contraction which is ending with a breakout to the topside.
DXY is really weak and continues to push metals such as gold and silver!
A breakout here would give us an awesome chance to buy - As always with low risk as the market can be unpredictable.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Silver breaking a MONSTER TRIANGLE 🟩🟩🟩Alright guys, silver closes on the daily high and is back with strength. Actually it is breaking that tremendous monster triangle. We definitely going to see massive bullish moves, place your stops and enjoy the race 🔥 Goal 36-40$ 🟩🟩🟩
SILVER is ready for another BIG BULLISH TRIANGLE breakout!SILVER is ready for another BIG BULLISH TRIANGLE breakout!
That's a big bullish triangle, let's smoke some hopium and pray it breaks up! 65% Chance it breaks up, 35% chance it breaks down.
Trade safe my friends...
TVC:SILVER
SILVER - Bullish Candle Today!RSI and Stochastic are bullish.
Today's bullish candle suggests that we will go test the upper yellow resistance.
SLV Weekly trend holding bullishDespite some recent, expected volatility, SLV is holding a bullish trend on the weekly. It needs to finish above $24.90 to continue this trend.
Also bullish, it held and bounced well off it's support. See my other charts to see important support levels.
SILVER -> setup for break out of consolidation 4h - $32 TARGETSILVER IS IN SETUP FOR BREAK-OUT -> MOST LIKELY A BREAK OUT TO THE UPSIDE -> TARGET $32 RANGE -> WAIT FOR CONFIRMATION
Silver levels show Long Term Bull PricingDay trend in pricing still show strength.
Days trades still show some support and resistance levels are valid.
We'll see more squeeze/consolidation before breakouts.
Pullback will be expected short term.
Watch Gold/Silver ratio for more buy/sell signals!
GOLD-SILVER RATIO TREND GOLD AND SILVER TREND SIGNAL
Gold-Silver Ratio Uptrend Gold and silver in Uptrend Buy Gold
Gold-Silver Ratio Uptrend Gold and Silver in Downtrend Sell Silver
Gold-Silver Ratio Downtrend Gold and Silver in Uptrend Buy Silver
Gold-Silver Ratio Downtrend Gold and Silver in Downtrend Sell Gold
SLV - More upside than downside - Strong supportSilver has been resilient, yet still dropping slightly as the DXY struggles at best to stay afloat trading near .94
Fed continues to print = falling Dxy = rising silver. Still extremely tight phys supply in US will keep silver prices supported and elevated as the price fluctuates due to Dxy
There is strong support for from April 2013 and Aug/Sept 2013 at $23.88, as well as some recent support on the 4 hr at the same level.
4Hr chart shows SLV hitting the 50 SMA right at $23.88(ish), which further affirms strong support at that level.
SILVER ANALYSIS AND FORECAST FOR NEXT WEEK UNTIL 28th OF AUGUST Please share with me your thoughts,
Regards
