I present the Grand Silver Supercycle. Silver has followed Elliott Wave Theory nicely through the years. The price hit a century low during The Great Depression, beginning what I believe to be the first wave of a supercycle. There is a clear five wave pattern up from this low, peaking in 1980. This is supercycle wave 1. Then, we see a five wave corrective...
We are at almost 200% regular volume in the Futures market and is completely divergent - that said JP MORGAIN $JPM can do whatever they want - as they control the silver market. Gold is at 130% of reg volume BTW. They blue and white lines in the RSI are indicting the increase of volume. This kind of volume is NOT common - while were moving up - we're being...
Long if SLV price breaks the neckline and tests the $27 resistance as a support. **Not financial advice, do your own research**
The big banks will not be able to hold the floodgates much longer. They will fold and cover their shorts. At least one of them will go bust. They will be investigated for racketeering, price-fixing, and corruption by the DOJ, SEC, FCA. Silver is going to $41 nobody can stop it. It is already for some of us for physical. The price of physical including any premiums...
AMEX:SIVR Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%
SIlver (USD)- Monthly chart. Must break out of down-slopping channel (pink). Sadly, hasn't even retraced past the 23.6% Fib Retracement from the 2011 highs. Silver (USD)- clearly has a lot of work to do to recover from the blow off top of 2011.
Silver (AUD)- Monthly chart. Potentially forming a Double bottom. Note over head resistance (yellow line)- 4 failed previous attempts. Yellow line also coincides with 38.2% Fib retracement from the 2011 highs. So a very important line to break to complete Double bottom.
Here's a hedge against the market, today SIVR broke symmetrical wedge going back 2 years. If it closes above the wedge that is a confirmation of the break. Especially true if it breaks 16.91 (higher high) and holds that near tomorrows close. If that happens, best time to buy is sometime tomorrow afternoon. If we can't stay above wedge and make higher high, it...
Looks like SIVR may be hitting a low risk buy point. 1. At the Support line 2. Symmetry of time from low to low. 3. Cypher pattern completing at the 786 4. Gartely pattern completing at the 786 5. Perfect ABCD pattern 6. Oversold on Stoch 7. RSI bottoming out