Surfing the waves - Launch Pad setup Using moving averages to show wave patterns and trend lines.
ART
Silvercharts
XAG/USD - BULLISH AFTER NEWS XAG/USD is going to turn bullish after the news reports tomorrow. It will retest the .786 on the fib and rise to the 29.67 level. Essentially forming a double bottom.
Could Silver Hit $35+ ?If the MACD on the daily continues towards positive and crossed, the current channel would top at $35.
SLV and silver continue weekly bullish trendSLV needed to close above the $24.90 higher low of last week today to continue i's bullish trend on the weekly chart. Nothing fancy here, simple upward bullish trend. Yesterday Feds promised inflation which is the ultimate bull signal for precious metals, when considering phys demand remains very high and supply is very low in the US, falling dollar, and China and other countries starting to buy electronics again, all signs point to continued rise with expected small pullbacks due to bank manipulation of the COMEX/ETF.
I suspect silver, SLV and most mining stocks will out perform gold here on out since it is still extremely undervalued. As inflation rises, silver, the poor man's gold will have continued retail interest in physical as well as ETF's
See my other charts for support and resistance levels, Fib levels Fed policies, and other analysis...I have been adding on every pull back and now just hanging on for the the ride up to $50 with $45 Jan calls. Don't miss the boat.
Silver Blue Skies ForecastI dont talk in my pubs Just want that GOD plex. Give EGO where EGO is deserved.
SILVER must GO UP!Hey tradomaniacs,
looking at silver we can see a very nice contraction which is ending with a breakout to the topside.
DXY is really weak and continues to push metals such as gold and silver!
A breakout here would give us an awesome chance to buy - As always with low risk as the market can be unpredictable.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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SILVER is ready for another BIG BULLISH TRIANGLE breakout!SILVER is ready for another BIG BULLISH TRIANGLE breakout!
That's a big bullish triangle, let's smoke some hopium and pray it breaks up! 65% Chance it breaks up, 35% chance it breaks down.
Trade safe my friends...
TVC:SILVER
Silver about to determine its wayApparently SILVER is finding its way for next run. Its quite looks like its formed an trangle and waiting for its break out.
if it break below the trangle, on the support side 25 and 25.50 should provide sufficiend support. I wont surprize even if falls to 24.00USD. But, fall below it might signifies the end of current up trend in silver.
If the trangle breakout seems to be bullish, than 28.50 and 29 should act as resistance.
Happy Trading.
This is not financial advice.
We will not be liable if any losses occur.
Trading in the financial market carries risks.
Make sure to maintain proper money management to maintain the risk.
SLV - More upside than downside - Strong supportSilver has been resilient, yet still dropping slightly as the DXY struggles at best to stay afloat trading near .94
Fed continues to print = falling Dxy = rising silver. Still extremely tight phys supply in US will keep silver prices supported and elevated as the price fluctuates due to Dxy
There is strong support for from April 2013 and Aug/Sept 2013 at $23.88, as well as some recent support on the 4 hr at the same level.
4Hr chart shows SLV hitting the 50 SMA right at $23.88(ish), which further affirms strong support at that level.
SILVER ANALYSIS AND FORECAST FOR NEXT WEEK UNTIL 28th OF AUGUST Please share with me your thoughts,
Regards
SILV price channel - Upward trend continuesNice upward trend trading in a price channel. There was some pre-earnings profit taking, this was before silver's one-day price drop, but it has resumed its upward trend. Looking like it will soon re-enter the price channel. This dip is a good buying opportunity and I added to my position today.
SLV adhering to Fib levels, strongAs we can see on the 4 hour Fib SLV is playing nicely with it's expected levels. There's a gap to fill to 26.48 so as long as the metal keeps moving up, expect SLV to fill the gap relatively quickly and then move onward to the higher levels we've recently seen, and beyond. (see link for other chart)
As for the sharp drop we had last Tuesday and it's near V recovery, this is a VERY CLEAR indication this was price manipulation to cover shorts by the big banks who are losing control of silver's price. Look at how quickly silver recovered from that drop. We're at the point to where the attempts to largely control the price is getting weaker and weaker due to the many factors driving silver up. Staying strong, not conceding/selling the dips, but rather seeing these dips as a gift of a buying opportunity is how I'm playing this, and it has paid off nicely.
To see resistance levels above $26.48 please see link to chart published on Aug 5th as well as my last analysis on Aug 11th which provided guidance on support levels for the last dip which SLV consequently bounced from.
XAG/USD: LONG trade setupit is about to turn extremely volatile. but the destiny to take this one uP
SILVER - Correction was due, Rally is still healthyRSI 50 neutral level bounced back signaling that the uptrend pattern is still intact
SLV support levels - OpportunitySLV currently sitting at strong support from 2011, 2012, 2013, with a big gap down to next major support level at $23-ish.
As long as Fed keeps promising to print money and dollar continues to look weak in the long term, I am loading up here. This pullback is very bullish and much needed, shaking out the weaker players.
XAGUSD SilverPrice looks like it wants to come down to test the $27 range. Hasn't tested the break of the 9EMA on 12H yet. Expecting a bounce in this region. Stock RSI crossed bearish on multiple TF's as well.
SILVER - UpdateThe breakout call was accurate and saw an explosive rally (see link to related ideas).
Price is currently consolidating.
Looking back to old charts and buys SILVER still lot of room I bought on 4th of September 2018 my first physical silver, since then we are currently up 92%, and yet there is much more to come. Free money printed by goverments everywhere, we have atleast 3 more months of absolute shit growth ahead of us. GL to all.
DO NOT SHORT ANY MARKETS
Silver XAGUSD Long position + my read on the markets + Crypto With USD breaking down nicely mid to late last week the market was pricing in the inevitable record drop on quarter USD GDP .
I'm still very Bullish ok Silver and truely believe the USD has a long way to go yet to the down side which is of course Bullish on Risk on investments.
Whilst i do believe Silver will post new Highs this year ill be looking to take profit before the highs and tightening stops along the way whilst allowing for Silvers rape spikes down to take out resting liquidity.'
If price drops to 24 big figure ill be looking for a reentry with same premise for take profits.
I'm also very bullish on Silver miners in non volatile countrys such as Australia whos mines are responsible for a large volume of the global output and are also in areas whereby Carona virus is under control. SVL on the ASX is my pick out of the lot in AUS for a potential 20 X plus return over the next 6 months.
Re Crypto we have finally seen a decoupling of Crypto from the Stock markets which has now bought me into stacking mode on projects i have a long term view on as more money pours into this space. By decoupling I mean we are now seeing upward close days on Crypto with the US stock market are posting a downward close. As I write this the total market cap on Crypto is only a whisper away from hitting a 50% retracement from all time highs posted late 2017 of which I've been holding my bag since.
This is my first post here on trading view so excuse the poor markup, ill endeavor to keep posting my analysis on metals, commodity's & crypto with view to holding me accountable to my trades.
Please feel free to comment & or subscribe as this will motivate me to share more.
Watch your levels of leverage people as Silver is knows for rape spikes as I call them (raids on stops when the market is thin through ASIA)
The above is not my trading advice, merely my opinion on positions I personally am taking. I've been building into Silver since 18 - 19 big figure and staking as we go.
