Slvusd
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.
Silver hit target on time! Next projected target at 30.The target previously posted hit target spot on time !
So what’s next?
I would hazard a projection that despite the parabolic run, it still might have some legs to go, but am expecting the next target area (green ellipse with red outline) to be volatile. Not expecting a close above 30.30 though... it is just over stretched.
IF silver still continues, the;we are in for some serious s hitting the fan... I don’t know what it would be, next week tells more!
Btw, for study sake, I have put in the bright green arrows for the typical best entry points.
Stay safe....
SLV DIP BUY OPP / LONG HOLD /The historic Gold to Silver ratio is 47:1
with Silver at $29/oz that puts the ratio at 71:1 (55% undervalued)
At the current levels of Gold, Silver should be $45 per ounce
Add on all dips. Next dip buy 24.5-25
Crazy good store of value that has massive upside.
-k
SLV gap filled today. Resistance levels to followWe are at 25.05 close today, just shy of yesterdays close. After gap fill we had minor pullback and return to near hod indicating bears could not follow through.
Now just need confirmed breakout above $25.17 before next res level of 27.75
Then the following res leveled to ATH
28.83 / 30 / 31.40 / 32.55 / 34 / 36 / 38.20 / 42 / 48.35 ATH
(some of the res levels are stronger than others, a couple are fairly major. )
SLV Next resistance above $27Best to zoom into the daily chart, but I pulled back to fit it's current price view.
The second resistant at near $30 is the stronger of the two.
SILVER Potential 10% Short term !Hello fellow traders!
As you can see today we have a current opportunity in our prospects. However we patiently wait with our orders untill it will be filled at the right time in order to catch the breakout!
Right now gold/silver ratio is decreasing also creating momentum on the silver side.
Let me know if you have any ideas or like the contont, it would be highly appreciated
SILVER - EASY DOUBLEAfter breaking out of a multi-year consolidation, Silver has been trending upwards and looks on trade to fill the gap left back in April 2013.
From today's prices of ~$20, I see Silver hitting $27 soon and ultimately my first major target of $36 by the end of 2021.
If you compare this back to 2009/2010...
2009: Silver went up 57%
2019: Silver went up 80%
And guess where a gap fill puts us?
$27, which is a 54% increase this year.
This means we're likely on track to have a year like 2009. History doesn't repeat itself, but it often rhymes.
I'm long silver for the long-term, and believe that as long as we have huge federal stimulus and economic uncertainty, precious metals will continue to outperform stocks.
How do we rise silver prices?Silver's got to get back in the game soon.
Looks like we're holding in a decent area of support within the triangle consolidation from the last run up.
I'm slightly bullish, but I would like to see silver reclaim that $18 zone to get feeling even more bullish.
I'm BullishSilver held important levels back in November-December of last year.
Since then I count a pretty solid 5 wave move up into the new year and believe we are setting up for the next upwave.
As always let me know what you all think, but I'm looking for silver to go above $20 by the summer.
SiverwayHello everyone
I want to introduce you to an interesting project - Silverway is the first integrated provider of trading data and liquidity for crypto OTC markets.
Silverway has launched analytical coverage of OTC crypto markets for all kind of investors. Since Silverway is the only company on the market sharing such comprehensive data, we believe it will boost community growth and trading activity.
Aggregated OTC market information is also of a great value for exchanges and we think there will be announcement on partnerships and new listings.
Project in the Top-100 largest company according to the version of coinmarket
Best regards
XAG/USD Price Action Analysis | The Next Leg DownSilver is consolidating in the main Trading Range after creating the Distribution Schematic. A visit to the Range High in order to gather the enough fuel for the next pullback to the below of the Range, is the trigger for the short position.
Entry: 17.49
SL: 18.01
TP-1: 16.51
TP-2: 15.66
R/R: 3.52
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
SILVER MONTHLY DEMAND ZONE HIT. WHAT'S NEXT?Hello everyone! I'm excited to say, that my region of interest has been hit! Been waiting for this moment since OCTOBER.
If some of you remember, in my last idea I said - region to consider buy orders are at $16.40-$16.60..
We had very bearish weekly close, so dips lower than 0.618 are possible.. Personally, I think this white zone is ideal for investors and long term traders. In short term we might consolidate before another leg up.
Next monthly supply zone is $21-23$ region.. For large swing traders - $22,54 could be ideal for profit taking. Not ruling out possibility of 1.618 fib being hit, but as we see very often - it might be front-run :)
So far, 2/2 trades were successful on silver! Let's continue this streak.
Check out all previous ideas!
This is not financial advise! Have a great day :)
Silver SLV XAG - Silver's up! Buy the dip. Buy physical silver!Silver looking good. Gold looking good. Bitcoin looking good. Litecoin looking good. I'm bullish on all of them.
I'd be stocking up on all of these, and get the real thing. Get the physical metal that you can hold in your possession. For cryptocurrency make sure you have your private keys.
SLV XAG Silver - Stop loss update, long the dipI'm playing silver in a bullish macro trend, so I'm still long. However we could see a significant pullback, shaking out weak hands and traders before a higher high. Short traders could be right depending on the degree of retracement.
However I'm not looking to short. I'm looking to long the pullback.
Reasons Why I Won't Buy Silver NowSilver was definitely undervalued due to strong demand, supply deficits and the gold-silver ratio.
In this chart, the blue moving line is the price of gold. We could obviously find that the gold-silver ratio has reached the highest level.
So for long term view, buying silver is a really good choice.
However, shall we buy the silver now or later? Here are couple reasons why i would like to buy silver later.
1. MACD: the macd of silver has reached overbrought area. In the recent 14 years, there were 8 times that silver's macd reached 4.81 level, and 6 of them dropped hard right after that. Now, the macd reached 4.81 level again.
2. RSI: the rsi of silver also reached overbrought area. In the recent 14 years, there were 7 times that silver's rsi reached 70 level, and 5 of them dropped hard right after that. Now, the rsi is moving above 72.2 level.
3. Short term trend is still bullish, but the strong resistance is around 17.32 to 17.57.
It's also possible that silver moving like October 2010 in the next half year.
But I prefer to wait a healthy correction before the next level breakout and it would be a good chance to buy low. (16.18 and 15.50 are strong supports. If silver break those supports, it may reach 14.90.)
Silver, SLV, XAG / USDSame as my Gold chart, there's we've already broke up thru the major resistance and there's not much in the way to a ~ 6% upside target.
Silver Next Major Move Silver at the end of correction period
Next major move : post 2021
Minimal chance to go over $15.60 from now till December 2020
Minimal chance to go lower than $13.50 from now till December 2020
