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Xagusdlong

Silver Chart Analysis - DAILYI try and breakdown silver as simply as possible, there is currently a lot of outside noise on #silversqueeze but you have to take a look at the fundamentals and let the market tell you what is going on. It is a very simple chart albeit with a lot of volatility. I think we are at the early stages of an uptrend in silver for 2021, I am hedging my bets early that is the case and will enjoy the ride. What do I see? I see on 3 separate occasions since December a pin bar rejection candle in line with key resistance on both static resistance and the channel lines drawn, what does that tell me? I think it is simple trade charting which a lot of people also use to set buy orders / sell limits. there is lots of buyers when it reaches these key levels. Plot them in your charts, back your strategy and pull the trigger only when you think you are at the bottom of your chart analyis I am going to be looking for a rejection candle at about 25.2 as my entry.
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by JSBAnalysis
Silver- for my Cinderella critics 😱🧟Just my thoughts on Silver and some educational tips. a few things about Silver: - Silver has the highest thermal conductivity of any element Out of all the elements, silver is the best electric conductor, and is actually used as the standard by which other conductors are measured. On a scale of 0 to 100, silver ranks 100 in terms of electrical conductivity. Copper ranks 97 and gold ranks 76. - Humanity (technology) needs Silver like the desert needs some rain. It's the best semiconductor -The price of silver is driven by speculation and supply and demand, like most commodities. The price is notoriously volatile compared to that of gold because of the smaller market, lower market liquidity and demand fluctuations between industrial and store of value uses. - The price is systematically manipulated BIG TIME ( JPMORGAN example and off course, my Chicago friends at the CME , Merrill Lynch and COMEX also etc etc - probably even the Bogdanoff brothers 😱🧟) - This is no Gamestop for any retail investor group to be able to play with. It's too big. - Long-term Cycles in Silver: academic research did not find any clear evidence of silver price suppression. Moreover, when we look at the long-term behavior of silver prices (see the chart), we see clear cyclical patterns, not a permanent downward trend (or even a flat line). Thus: I expect the price to rise and I have the patience to manage my positions on Silver and also on AGQ, accordingly. That's me. One love FXPROFESSOR 💙
FX:XAGUSDLong
by FX_Professor
1
SILVER - The ShiningSilver intermediate cycle bottomed with gold on the 30th November. Silver didn't have that serious decline at the end of the last intermediate cycle like gold. Notice that we were in a consolidation box for 4 months and today we broke out. Is it too late to enter the party? No. We are still early in this game and I think silver will run to 42 and maybe to 50 in the following 3-4 months. I've already posted my thoughts regarding the XAUXAG ratio: If you are looking for targets in silver I suggest to read the idea above . If you are not in a position yet I would wait for a backtest of the consolidation box at 26.00$. If you already in a position I would increase the position size at 26$. We have a lot of time in this trade before we have to worry about a top. TSI is just turning up and RSI just reached the overbought territory. RSI can stay overbought for a month or more just like last summer. I will set this idea as a long idea as we broke out of the box but I would wait for a backtest at 26$ before entering.
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by chartwatchers
8
$XAGUSD - Wait for a triangle breakout and longHi guys! 👋🏻 🔔 Silver is one of the assets to watch ahead of FOMC Meetings and Fed rate decision. Do not expect the Fed to change the rate, however will pay a lot of attention to what Chariman says. DXY is holding above 90.400 support and any positive phrase could bring the DXY to 91. 🔔 On the other hand, VIX is up 16.20% and above the dynamic support of October 20, the volatility is supported by the upcoming FOMC meeting and projections, the clarity which is expected from the Biden administration on economic plans, stimulus bill's value and date and of course the Covid-19 cases which hit 100M Worldwide, UK deaths hit 100K. 🔔 As of now Silver is testing an important support of the triangle pattern. Breakout of from the upper edge of the triangle pattern will get the price to $26.50, and above that to $27.70. 🔔 If breaks below than look for a support at $24.54, if the price remains above that, it might form an inverted head and shoulders pattern and jump to $27.70 from there. 🔔 Note that the latest drop of January 18 is slightly below the 0.618 level of the uptrend, hence there still is a hope that silver will go further. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
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by azizelliott
Silver SLV is gonna rocket MondayIf you go check any bullion site right now, they are almost sold out of silver. They halted sales until a price gets set Monday at market. Right now ebay decided on $35/ozt, for 100ozt bars! <=5ozt are going for $40-50/ozt! So we're looking at a pre-market spot price of about $45 average. This liable to jump even more. Gold is 9x more rare than Gold. So fair price for Silver should be around $200+/ozt! I expect we'll hit that this year or next. Perhaps shortly. If this is the next wsb play, it's brilliant! This is how you "short-squeeze" the banks. Except you're really squeezing them against their own vault insurance limits, around $100-150M. That's why they've been metals spoofing for over a decade; and had daily meetings called Goldfix & Silverfix. They didn't want to build, staff and insure extra vaults to accommodate the price hikes! This is how we take back the wealth! www.bloomberg.com Dozens of banks have been caught manipulating the metals prices and committing fraud, but here's the first mention of the daily meetings, Goldfix & Silverfix. Everybody just got slaps on the hand, so they're still doing it. nypost.com
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by Drip_Drop
4
Silver- buy dips for a break of 26As always, Silver is showing a more clear picture than Gold... On Monday, similar to Gold, we have a false break of support, marked here with a strong reversal Pin Bar on H4. After this fake break, Silver re-entered its familiar range between 24.50 and 26. Yesterday the intraday spike on Gold also affected Silver and bulls managed to keep 25 important zone intact. At the time of writing Silver is trading at 25.90, just under important 26 resistance. I expect a pullback from this resistance and this can be a good opportunity for bulls to buy dips for a break above. This outlook is valid as long as 25 remains intact
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by Mihai_Iacob
6