Finally showing life off a first bounce off a monthly defined arc's right hemisphere (possible, needs a second bounce to confirm trajectory). Final target 2.80$ in Q1 2023, now 0.07
Dow Jones vs Silver ratio taking a turn for the worst... and that is better for silver!
above 1&3 year sma, above Ichimoku cloud defined resistance,above volume defined resistance, above monthly defined resistance... if it can close month convincingly above these levels, looks like the bullish momentum is for real!
Take-off successful. Destination moon.
Rocket Ship on launch pad.
Rocket ship on launch pad.
Contrarian entry or catching a falling knife? Some hidden strength could signal a turnaround in the mix...
Looking at $gld vs $slv volatility ratio which seems to give indication on silver fuel reservoir capacity... Never had this much fuel!
Silver's heroin is real rates... Analog move from July after a lengthy consolidation?
If it's about making $$$, then I'd say listen to the chart. I know I don't know, but I do know the chart!
Scary action on daily chart for past few days... but when you zoom out on monthly chart, simple correction since stretched from moving average. Fueling up for next drive to +1.30$, now 0.72$.
Silver's multi time frames. See volume profiling defined targets? They're ALL valid, each with their own technical hurdles. Daily chart now seems to be the gateway breakout, which will unlock the secret higher up targets 26$-29$. $slv #silver #patience $gld #gold #debt #fintwit
My premise for +30$ silver by year's end is dependant on this macro driver for precious metals... currently being stubborn, costing me valuable trading days... tic toc tic toc...
As usual, silver bottoms first and explodes off the gates of a liquidity crunch. But what now? is platinum the place to be?
Reviewing platinum and silver and gold at GFC 2008 lows. Surprisingly, silver bottomed 1st, gold 2nd, and platinum 3rd!
Icarus flew high... now in purgatory since these summer highs. Coiling... forgotten. Lucky we are in a precious metals bull market, this bird might get to fly once again!