SILVER Analysis 1Sep2023Silver prices are stuck in the SND area for now and are also in the SR Flip area. The possibility of sideways until the release of the news tonight. the possibility of a bearish correction to the price of 21,500
Silveroutlook
SILVER Analysis 19July2023silver's movement still tends to be bullish, although in the last 2 days there has been compression where the candle that is formed is small and lacking in content, but structurally it still forms a new HH. there is still a possibility to continue the bullish trend slowly.
Silver may shine above mid channel ResistanceSilver futures tried to jump unsuccessfully above the Mid channel line resistance but has been unsuccessful so far. Closing above 74324 will unleash a new bull run in Silver which might have resistances at 76341 and 78000+. The two resistances can also be considered next targets in case of closing over 74324. In case the mid channel line proves to be potent resistance the supports for Silver future are at 72850 and 72490 (Major Support). If 72490 is broken by any chance next supports are at 70174 and 68017.
Silver near major support ZoneSilver ending below 50 days EMA of 56557 is not a very good news for Silver enthusiasts. Final support for Silver might be near 55375. Below 55375 Silver may fall to 54202 or as low as 51899. Way up silver is looking little difficult as there are many resistances on the way up starting from 56557. Other resistance on the way up can be 58177 and 59580. If silver does not take support at 55375 and bounce back it slide in silver can be sleek and super fast.
SILVER RELATIVE TO GOLD/SILVER RATIO silver price is at historical lows against gold.
if equity & commodity markets begin the recovery phase then silver price can rebalanced in mid term trades.
SILVER Perhaps, we see mid to low $8.00 range for silver. Could be good support and buying opportunity for a mid to long term hold.
Silver Breakout from year and half long downtrend?Silver could potentially break out above the downward trending triangle it has been in for the past year and a half. Expect it to be aggressive when it does happen.
Silver outlook for 2017Long silver to $25. Bull divergence on the RSI.
Silver is both an industrial metal, as well as safe haven.
THE UGLY STEP-SISTERI made the poor choice (captain hindsight), to long silver miners (point A) instead adding to some of my fav gold miners (AEM/BTO).
My rational behind this was I truly believed that silver had bottomed at the $17 level (which has proved to have been correct so far), and that it would bounce back over $18 in the next few months (which it is still on track for). I had also believed that because silver has an actual use in this world (compared to gold), that it would be the stronger PM by % in the next handful of months (which is still a possibility).
However, my silver miners have been lagging behind my gold miners significantly, causing me immense frustration over the past few weeks (perhaps I have the wrong stock, I don't know). I still have hope for silver to start catching up to gold's %'s on the year, and having this trade pay off.
It is currently making higher daily lows on it's current trend-line, however it really hasn't made any significant moves. I believe that we potentially see 18 this week, depending on whether or not silver continues it's bullish momentum (RSI rising), and whether or not we catch some help from the NFP report on Friday (or some more help from Clinton). I believe it will continue to move up along this trend-line.
Will silver change from the ugly-step sister and become Cinderella? Stay tuned...
Magnificent high leverage CAD JUNIOR SILVER minerAurcana Corporation is a Vancouver-based company whose shares are listed for trading on the TSX Venture Exchange (AUN.V). Aurcana owns the Shafter Project, a silver deposit located in Presidio County, southwest Texas. The Shafter Project was advanced and substantially built prior to being placed on care and maintenance in December, 2013.
vimeo.com
The American Metal Co. of Texas acquired the property in 1926. Operations ceased from July 1930 until 1934 due to low silver prices. By 1940, the quality of the ore was 10.7 ounces of silver per ton. The recorded production of the Presidio Mine between 1883 and 1940 was 30,972,286.15 ounces of silver. Production from 1927 to 1940 alone was 11,809,163.8 ounces of silver , 5,406 ounces of gold, and 7,678,049.8 ounces of lead. (Ross, Clyde (1943). Geology and Ore Deposits of the Shafter Mining District, Presidio County, Texas (USGS Bulletin 928-B ed.). Washington: US Government Printing Office. pp. 45–125.)
The Company recently announced a resource estimate for the Shafter Project and has completed an in-house review of the historic database and exploration potential.
The company is led by an experienced, seasoned management team that includes mining, legal, finance and geological professionals. Aurcana is committed to deliver maximum value for its shareholders, stakeholders and employees.
Xagusd Looking like Another Move Down Before Monthly Up MoveI am expecting a Drop on H4 Due to Following Reasons
Symetrical Triangle Breakout
Upward Rejection
High Volume
H4 Short Does not Gonna Affect Monthly Silver Gains
Consolidating at this area for a long time
Let us see how this trade goes
SH SIORTLVER ::: RISK CALL :::SILVER is expected to SINK now.
The reason why we feel SILVER may SINK.
* On weekly basis it has just started SINKING
* To Rise and come near 14.98 levels
* Stoch RSI (3,3,14,Close) is SINKING.
* RSI (14,CLOSE) is SINKING.
* CCI (20,CLOSE) is SINKING.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call shall be from SELL BELOW :15.22, SL: 15.28, Tgt 01: 15.05, Tgt 02: 14.98, Tgt 03: 14.76.
The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
SILVER SHORT ::: RISK CALL :::SILVER is expected to SINK.
There are many reason why we feel it may ......
* BEARISH ENGULFING in WEEKLY Chart.
* To SINK and come near 14
* Stoch RSI (3,3,14,Close) clearly states it may SINK.
* RSI(14,CLOSE) Is also of the same view.
* CCI(20,CLOSE) Is also saying the same.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our short call shall be from 15.22 with a SL @: 15.27 Tgt01: 15.08 Tgt02: 15.02 Tgt03: 14.83. This may be very quick as we are expecting Silver to bounce back from mid week. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
SILVER SHORTXAGUSD is expected to sink now.
There are many reason why we feel it may sink.
01. It has not sustained quarterly buy level.
02. Pinball in daily Chart.
03. To sink and come near quarterly sell level of 14.12
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from Short below 15.56 SL@: 16.77 Tgt 01: 15.44 Tgt 02: 14.52 Tgt 03: 14.12. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
