SLV
🥈Is the silver squeeze over? Things to look out forIf silver cannot break out of this bear flag to the upside, $25 seems likely leaving the people who bought in the #silversqueeze trapped, if trapped sellers rush to the exit and sell, price can waterfall down to $22-19 making it a great buy area to go long.
For a valid breakout, we should re-test the gap and it should act as support, in this example it has failed. For bulls to take control they need to break out of this bear-flag and quickly recover $30.
With the dollar rallying along with UST10 year, lower seems the path of least resistance for now.
SILVER $SLV $PSLV #SLV #silver #silversqueeze Technical View- We are breaking out of out of a 40 year old cup and handle.
- This is a pattern that is very familiar to me: The symmetrical wedge on the bull flag.
- To me it signifies an accumulation/distribution/ascendance cycle and I have traded it to great effectiveness in PLTR and PSTG:
- I believe that we are breaking out to make new ATH's, because of the strength of the bullish trend, even through the massive shorting.
- The strength of the upticks, even after the harsh rejections is shocking.
- This price action has yet to factor in the scarcity of the underlying on the market, and when this is priced in, we will begin true price discovery.
- It is only a matter of time... time I have to accumulate.
Check out my fundamental analysis and speculation in the comments.
Gold(XAUUSD), Silver(XAGUSD), and XRPWhat will the future of finance look like?
In 2 years?
In 5 years?
In 10 years?
What is the future global reserve currency?
All assets globally, will be tokenized on a daily basis. It already happening!
t.co
I will be updating this weekly to stay up to date on market analysis. Especially keeping a focus on the correlation between these assets in the coming weeks.
The uptrend in silver continues!Last week, the opportunity for silver came true.
Now the price is in a similar situation. After reaching $ 30 yesterday we saw a correction.
We are now looking for its end for new entry opportunities.
The expected resistance levels are in the area of the previous peak - 29.85 and in case of a breakthrough 30.82.
Fundamental grounds provide opportunities for higher values, so be prepared.
Some brokers are changing their margin requirements!
If you have questions about how to trade this or another situation, contact us!
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SLV the most short squeezed thing in the market.Silver has been shorted by everyone and currently, they don't have any actual physical shares of silver. Yet they have all these naked paper contracts that will never be backed up. The actual physical silver asset doesn't exist. The big banks will need to buy back their shorts if we push the price higher than 40. That being said this can be done if we all collectively tackle the big banks. With our winnings from GME and more support, we can get the silver value to where it belongs @100 dollars minimum.
A quick look there is strong resistance at 30 dollars mark but understand that silver has actually broken out of the 25 resistance with the current push and momentum silver will have a great month at the very least.
SILVER (40$ - 50%)i guys, as I said there are rumours that some hedge funds have started buying SLV iShares, this coud explains XAGUSD last week rise.
Nevertheless this create a massive ascending triangle on the silver value, very interesting for a midterm investment.
TARGET : 40$
TRADE : +50% PROFITS