Silver Bull Flag - Weekly XAGUSD IdeasSilver is poised to print its lower low on its weekly chart, printing this i can confidently says it has found it bottom an ready for the rally up. This week we will be seeing range from 22.50 to 26.00 and what make this week more interesting is the Hammer printed last week on Gold Chart could be catalystic. In Case of a quick run up 28.00 would be the start and 38 is our next target.
Check out the Weekly Stochastic too.. Im generously Confident!
Silversqueeze
Silver not likely to go lower than it is right nowSilver ended last week not looking so good, and it has lead to a bad start for this week too. After breaking below $25 resistance, it has held above the next level of 24.75. It is likely to retest this zone again this week, so depending when you're reading this the title of this article may not be exactly true - but I'm really looking at where silver is likely to close at the end of the week. It's looking a bit oversold.
I like to look at the silver/usd chart, but when I want to take a deeper look at how silver is doing on a global scale, then I look at the silver/DXY. Makes sense, right? If you know what the dxy is. Anyway, that's the chart I have posted here. As you can see, silver has hit the bottom of an ascending wedge. These ascending wedges have been bullish for silver for the past decade at least. The price action could dip below this line throughout the week, but as long as it closes on Friday at or above this line, then it is considered to still be holding.
That's great news for silver apes. The only unfortunate part about this is that by this chart... it looks like we'll have to wait a while before silver breaks above $30. Like sometime in 2022. Actually that's not that bad. Probably will be here before we know it. For people stacking for decades, that's nothin
Silver, the future.Silver looking really stable across all time frames. In the top left you have the hour format, top right is the day format, bottom left is the week, and bottom right is the month. The future of energy never looked so cheap.
#silver squeeze, its been a long time forming, will #PMinvestors get their moment to shine and say I told you so!
Opened a speculative long position today
#AG first majestic is a premier pure silver #mining play
Silver time to buySilver tested its long term up trend yesterday and bounced off of it. THese are great price levels for long term buyers
SILVER - Long Term VisibilityA breakout could signal a huge run as the price has been consolidating for a decade.
Silver holding the lineSilver, which has been hit this on Thursday, made a comeback right after this quick selloff. This quick recovery might be seen as a confirmation of the bull market in place since last year, as the deep has been bought quite quickly by investors.
This set up seems particularly positive for the months to come, in this reflationary recovery in which silver would play a role as a monetary metal (a store of value), as well as an industrial one.
Alien metals in a very positive set upAlien metals (UFO) after an 8-month correction seems to be about to turn up again judging by:
- A momentum turning up
- A reverse head and shoulders pattern
- A price above the 50-day and 200-day moving averages
- A positive Ichimoku set up
Knowing that last year's up leg ended up with a multiplication by 30 of its price, before correcting, UFO could this time once again become a very profitable investment for anyone long junior silver miners.
First Majestic - Multiyear Breakout on Silver's Cult StockPrice is currently forming a pullback.
RSI and Stochastics are still bullish and in positive territory.
Expect AG (Silver) To Go Up Silver is approaching key levels of support. As a result, I'm expecting AG to bounce off of this critical level of MONTHLY support in the coming days to weeks ahead. If there is no immediate bounce off the level, you can then expect some consolidation before it takes off to the upside.
The time when silver will finally break through $30Although too many people are screaming for $30 Silver for quite a while it might be the time when banks are finally positioned themself on the right side of the trade and let some price discovery catch up with reality.
#gold met the upper channel, and broke I take @ #GDX #GDXJ #AG #wpm
#fsm
MINERS LOOK GREAT!!!
time to rock & roll
Gold-to-bitcoin ratio: Cup and Handle forming?In this gold / BTC chart you can see a bottoming formation and even the beginning of a cup and handle. It's too soon to tell because we only have the cup so far, but it wouldn't take much beyond expected market activity to form a nice little handle on there. There is already a handle on the other side, so perhaps a better name for this formation would be a grail... or... THE HOLY GRAIL (because it's made of gold). Funny freudian type i just made (and corrected), the "HODLY" grail. Anyway, best of luck to you all.
BTW if you want to move smoothly between btc (or eth or usdt) and physical gold, silver, and a few different fiats (usd, eur, gbp) all on the same reputable platform, then check out this reddit post: www.reddit.com
Silver-to-Bitcoin bottoming formation complete.Silver to Bitcoin bottoming formation complete; could turn in to a nice cup and handle. This is extremely bullish for silver.
Wondering how to convert bitcoin to silver? Check out what reddit has to say about it:
www.reddit.com
Silver formed Golden Cross on 4/26...After the previous golden cross last summer, spot silver rallied over 72% in just over 2 months.
#silversqueeze --- Mohammed Arian was on talking #inflationno S SHERLOCK!!!
lol
silver is coiled like a spring
like the miners.
#SILVER /SI PROJECTING NORTH OF $100 DOLLARSEXTREME MOVES COULD BRING EYE BOGGLING NUMBERS ON SILVER
SILVER BULLION SHOULD OUTPERFORM THE PAPER MARKET
#Silver chart is a volcano ready to blow #silversqueeze Relentless buying of #PhysicalSilver causes a solid higher low to be set in the silver chart
Happy to see silver up today! PSLV has bounced from the weekly level that I had been eyeing for weeks, where I have been compounding again and again.
Today it seems to be officially breaking out from the CC range too. The fib time levels also working nicely imo.
Which silver stock? $AG or $PSLVAG and PSLV are both popular silver stocks that more or less track the spot price of silver. PSLV cannot be shorted as each share is backed by 1/3 of an ounce of physical silver. Meanwhile AG can be shorted, so let's look at this chart of AG/PSLV to get an idea of what short sellers are up to. At the beginning of the month it looks like short sellers got scared after the wallstreetbets headway with GME, and the rumors of setting their sights on silver. You can see the spike in the chart where the shorts relinquished their positions, sending a spike up on AG. Afterwards talk of silver was basically banned on wallsteetbets and short sellers moved back in. Now that the spot price continues to show massive support, the AG shorts seem to be sluffing off again. I'd say they're both great buys, and AG might see more upside movement in the short term. But will AG paper silver survive the squeeze as comex fraud is exposed? In that case PSLV might be the safer bet. Note you will need something like 30k shares to take delivery from PSLV, but at least it is an option and will more likely retain it's stock value in the event of a major unwinding of derivatives. This is not financial advice.
