Get started

Silvertrend

SILVER - BUYSilver is a very important commodity, in fact it is even more useful that Gold. As only about 10% of produced Gold is used in various manufacturing, rest 90% goes for jewelry and just as safe haven, where Silver's 50% goes for manufacturing as an example your touch-screens, solar energy and medical sectors... But I'm not here to predict future of humanity :) Key things to note before analysis: - Top countries producing silver are Mexico, China, Peru, Russia, Australia, etc. Take into account their relationships with US, tariffs, their currencies vs USD. AUD/USD for instance, started to rebound already and has a huge way up to go. USD even if strong (as always) may strengthen a bit more, but has to go for correction anytime very soon. - Commodity market, for ex. Gold have shown reversal. Now Gold is a "Buy on dips" for majority and by far not many want to trade against its Bullish trend. - Assuming the average production price globally is $11.74 price still can go down, despite already some smaller producers are selling for a cheaper price (as their production cost is around $15). That is ok(ish) because the demand has lowered during last 2 years. But, India (which is major buyer) has increased its demand this year. - Demand will keep rising for Silver, but producers will definitely not want to increase production. For example Jewelry demand has already risen. "Why would I buy expensive gold jewelry during these crisis times. I want to save. Also silver is useful for health, it kills one-cell bacteria..." ;) - If commodity currencies rise, commodities prices will rise. Duh?! Ok, now the chart: Please pay attention to corrections, how they are broken and movements inside the channels. I have marked with red arrows price action which is less likely to happen and blue arrows show most likely to happen. So, I am expecting the price to test $16 latest by Feb 2019 and reach around $20.30 by April. The buy zone is reached for me and will SL at around key levels. If $13.58 is broken, I will look to start adding more at around $12 So this is a longer term trade. Please comment, share and like.
TVC:SILVERLong
by BerdRadar
Silver turning bullishSilver on the daily time frame is now at a resistance, with Stoch Rsi showing that the selling pressure is fading and Adx shows that the bearish trend is also fading (bearish line makes crossover downwards with the trend strength line). This means that after selling Silver from 17.900 (which I published a week ago) it's now time to look for a buy entry. How to trade: Since there are multiple resistance levels and it's now approaching the 1st one I advice to start with a small buy position so that you have the space to add more if it might go 16.281. A break of 17.200 is also a nice entry for another buy positions. Take profit would be in the 18.000-18.500 region. A stop-loss at 15.400 is preferable.
TVC:SILVERLong
by JoshFX1
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.
FX:XAGUSDShort
by ajithchand-bhandaari