Silver Price 2021 - V2An update of a previous chart.
Just a bit more of a play with time frames, although the core 16 year cycle is still solidly in play.
Most interesting thing to note was the .38 ratio in play between the big movements.
This is the after affects of Gold standard removal in 71 coming home to roost, incredible.
Interesting!
Silvercharts
Silver- Ready to break above resistanceUnlike Gold, Silver is in a clear uptrend, with the price putting in higher lows and higher highs since the beginning of December.
The spike to 30 from the beginning of February is now corrected and XagUsd looks ready to resume it uptrend.
At the time of writing Silver is trading at 27.55, just under 27.80 resistance and a break above resistance can lead to a new challenge of 30 zone.
Silver is in a clear uptrend as long as the price stays above 26 and dips should be bought
Silver is getting ready to pop. 2021 target of around $45/ozSilver is forming a bullish ascending triangle with the potential to break out in the coming days or weeks. It may be possible to get another rejection on the resistance line, but I would imagine as the economies of the world reopen and velocity of money starts to pick up, inflation will drive silver up to old highs this year. Long/hold position is wise at this point, unless the ascending support line gets broken.
Long term indicators turning positive - WWide Stimulus = SLV+Long term indicators are turning positive whilst the FIAT money printing is increasing world wide to counter-effect Covid-19. As a counterbalance precious metals and diamonds act as value preservatives. With this reasoning my speculation is that we are getting closer to a clear turningpoint within this field. Due to this I'm long silver both as investment and hedge towards unforseen effects being born out of the post-covid world.
The formation of the Diagonal pattern at the end of 5th waveThe formation of the Diagonal pattern at the end of 5th wave from point b
First, let's take a look at the weekly chart. The first uptrend ended in the range of 49.83, and the price is in corrective phase for this uptrend, which can be extended up to the $ 8 level.
( Weekly Chart )
In the corrective phase of (2 / B), there is the possibility of the termination of wave A in the range of 13.65 and also wave B is in the form of Expanded Flat, which might be finished in the range of $ 30.09.
In the daily chart, by ending the b wave from point (B) in the range of 11.63, according to the Expanded Flat pattern, we should have 5 ascending waves, which are completed in the range of 30.09 and the Diagonal pattern is formed in its 5th wave.
If this pattern is being confirmed, i.e., the price can cross the range of 24.06, we can expect a downward trend with very high targets, although the initial target according to the Diagonal pattern could be in the range of $ 21.66.
Silver to Rise to the Top of the Channel!XAGUSD broke out of the yellow downtrend line last week. Now, it has successfully retested the breakout as support. If the support holds, Silver should see a large run to the upside with the first resistance being the cyan uptrend line. The 50ma (blue) and 200ma (yellow) are curling up and will act as large support areas if Silver downtrend momentum continues. We would love to buy more Silver if it dips to those levels! - HH
23.30% SHORT INTEREST. SILVER SHORTAGE. SHORT SQUEEZEThe United States Mint just announced a shortage of Gold & Silver. See links below.
www.theepochtimes.com
www.reuters.com
Silver has been artificially & fraudulently held down for decades while gold continued to rise.
JP Morgan just bought "FAKE" Silver by creating ("Procured") 61,250 contracts, or 61,350,000 new ounces of Silver (1,000 oz bars) in a matter of days. JP Morgan has been creating Silver out of thin air with nothing to back it up.
When the house of cards falls, you will want physical Silver not contracts, worthless pieces of paper.
First Majestic cannot mine Silver fast enough, everything they have is sold out. Check their website. (Earrings should be a gigantic beat)
store.firstmajestic.com - (Website Bullion Store Message - Due to the influx of silver orders we have to temporarily suspend sales for maintenance we will try our best to get back online as soon as possible.)
Folks, there is a shortage of Silver and the big banks are artificially holding the Silver price down. They cannot keep holding the Silver price down especially with robust demand now.
If you look at inflation, silver should be trading around $1000.00.
Gold & Silver have been manipulated for decades. The manipulation needs to stop!
Today silver is invaluable to solder and brazing alloys, batteries, dentistry, glass coatings, LED chips, medicine, nuclear reactors, photography, photovoltaic (or solar) energy, RFID chips (for tracking parcels or shipments worldwide), semiconductors, touch screens, water purification, wood preservatives and many other industrial uses. Washington-based industry group the Silver Institute calls it "the indispensable metal".
The biggest consumers of silver for industrial applications this past decade have been the US, Canada, China, India, Japan, South Korea, Germany and Russia. Over that time silver demand from older industries has faded, only to be replaced by new technological uses.
With a silver shortage brewing, and First Majestic Silver reporting earnings on or about February 18, 2021, the stock looks ripe for another short squeeze!
I moved into Gold & Silver Bullion - I am out of the stock market.
If you like short squeezes, this silver stock looks ripe for the picking!
The last squeeze spiked the stock to $24.01 within days.
I think it will happen again very soon!
Best of Luck!
$SILVER - Bullish scenario, target $29✴ - Volume looks good but still under the average
✅ - Double bottom on 1h
✅ - Bullish price action on 4h (Bullish Engulfing)
✅ - Harmonic pattern forming (Crab 🦀)
✅ - MACD
✅ - STOCH
✅ - Momentum
✅ - DeMarker
❌ - MA50 (2.5% under 50MA)
✅ - MA200 (2.6% above 200MA)
✅ - Pivots: (2.7% above the pivot point )
⏰ - Breakout 1: $27.17
🚀 - Potential targets (🚀$29)
🪂 - If things goes wrong better to exit under 26.46
🚦 - Next entries in case if dropped: --
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
SILVER- New Longs now or at 26,36Our updated Silver chart. The price is finding support and we are buying again now but a drop to 26,4 is possible and we will be ready to buy even more then.
Remember: a healthy support is a good sign of the price's possibility to rise in the long run. Watch today's video for more into this matter
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 💙
SILVER is Cinderella Gold 💇🏼✨Our updated Silver chart might be giving whoever missed out, a good entry point.
We were expecting the rise for a variety of reasons and entered at a GREAT time :
Silver is FAR away from it's all time highs, which makes no sense to us.
Gold is almost at all time highs which does make sense to us.
Silver is also called the 'Cinderella Gold' and maybe it is time for Cinderella to shine.🦢💇🏼✨
50$ sounds better for this lady than 25 or 30...100$ would be a wild dream, let's make dreams happen.
ps. Wallstreetbets mode also ON , here on Silver battleground
ps2. don't forget about AGQ- Silver ETF on steroids
SILVER Long 225%: Cascading Cup And Handles - $48 TP1 - $96 TP2Silver has just hit an 8-year high after breaking $30.00, driven by retail investors on Reddit and Wall Street Bets on what several sellers are calling "unprecedented demand for physical silver."
A set of cascading Cup and Handles with a final target price of $96.202 has formed on the chart.
The inner cup and handle, inside the handle of the larger cup and handle, has a target price of $48.087.
Should the inner cup and handle pattern complete and hit its target price, a 42 year old cup and handle pattern forms which has a target price of $96.20
The Overall performance rank (1 is best) for the cup and handle pattern is 3 out of 39. It meets the target price 61% of the time.
For more information on trading this pattern and the statistics behind it see: thepatternsite.com
Disclaimer: This is not trading advice.
IN GO (L) D WE TRUSTH !!
This time not in gold but in silver. I have recommended to my clients, the entry on silver or on miners since Thursday. The situation is heating up in the markets, and I expect a serious increase right in the opening tonight. But entering now compared to Thursday, involves some risks of extreme volatility, due to the situation in the markets. Let's not underestimate those who never sleep, and who will surely jump in the boat after the course is set. I mean of course reddit boys !!
See you tomorrow if I was right.
Everything on green!