Silver (yearly view/possible scenarios)There was a clear break of the downtred with wedge formation towards the end of 2016. A strong support was established at 17.20 (blue line). If it bounces back up, we might expect a new test of 18.50 level (green line). If key support line fails to hold, we could see price going as low as 16 to 15.80. Shorting seems like an interesting position in the short term.
*Important: The silver market is highly controversial and there's clear evidence of insider influence/manipulation of price in the past, so take everything with a grain of salt.
Silvercharts
#Silver - Enough is enough, time to rise up & shineHi everyone! Here is my view of how silver should gain its rightful position in the market. All points are proximate and displate as an estimate. So please do not trade following this idea. Just my though and my point of view. This one DXY will show its last breath in March 15, although Pentagon already sent another 500 troops to Syria and OPEC decision on ceasing oil extraction is still uncertain. Anyway, we follow technical analysis here.
Silver!Interesting point on the chart here. Trendline on the daily and then a bit of prior support/resistance. I am long physical as a longer-term play, but here we could see a pull back. Still long term bullish even with rates rising here in the US. Think current admin WANTS a weaker dollar...whether they get it or not is anyone's guess. The US is one of the only places in the world raising interest rates currently.
Decision Time for SilverSilver is trying to move out of this downward chanel, if it succeeds upwards its going to test $17.50 if it fails it is going to test $16.
I wont trade it beyond this point with leverage but will still buy physical as its a great buy oppotunity!
Looking for a break either way.
Silver - Look for a buy signal nowAs shown, Spot Silver on the daily chart is trading near crucial support at 15.85-16.00 (Horizontal support). Daily chart shows double positive divergence. Also, Dow theory sell confirmation would be only below 15.85.
In a nutshell, as long as above 15.85, one should look for a reversal sign to go long with strict SL. Risk-reward looks awesome here!
SilverI've noticed a key are for silver has now been broken and we are still above the price of 16.800. This coincides with our 61.8% fib re-tracement and we are still creating higher highs. Price is also now above my weekly support zone and I do believe Silver may push through possibly back up to the 17.800 area. We have my weekly resistance at 17.200 which I believe will be broken , however I feel we may need some sort of outside news or fundamental to push Silver back up to the 17.800 area. This is only a short term projection as Silver Overall Im still Bearish for he Bias.
Silver & Gold- Both for Buy SetupFrom 13.51$- Silver completed its 1st wave at 20.81$ & has been doing very choppy move since that top & most likely to complete this correction at 61.8% of 1st Green Wave in the zone 16.20-16.30 $ range -if that zone holds then most likely Silver should move sharp upside.
Gold -looking for 1300+ Move in coming days
Gold pushed 100$- but later as it evolved & did not move above 1348$ which was expected to continue for 1377$-I took that as b-wave in yet to complete Y-wave
THE UGLY STEP-SISTER PART 2We are currently in a strong bull channel for silver, leading towards $20.
I still believe silver will be the stronger performing PM by % over the next few months.
Although we ended in the red today, the fact that there was such strong support at the $18 level is a very good sign for bulls. MACD is looking to cross here on the 1D.
Silver: Long strides aheadThis is an update to the revision of my Silver analysis a small month ago. I will try to do more frequent updates from now on.
Yesterday's and today's price action leaves, in my opinion, zero doubt that we left behind a long-term market bottom. I think the large ABC correction is behind us. The market found support at the trend line that was established earlier this year and the 200 SMA. If my analysis is correct, then we could now be at the start of a huge 3rd wave up. The first leg took us from a little less than 14$ per ounce all the way up to a little more than 21$ at the top.
Look for stabilization above the resistance line I drew; this could provide a very lucrative long-term long position!
Trade with care and always respect your stop-loss!
THE UGLY STEP-SISTERI made the poor choice (captain hindsight), to long silver miners (point A) instead adding to some of my fav gold miners (AEM/BTO).
My rational behind this was I truly believed that silver had bottomed at the $17 level (which has proved to have been correct so far), and that it would bounce back over $18 in the next few months (which it is still on track for). I had also believed that because silver has an actual use in this world (compared to gold), that it would be the stronger PM by % in the next handful of months (which is still a possibility).
However, my silver miners have been lagging behind my gold miners significantly, causing me immense frustration over the past few weeks (perhaps I have the wrong stock, I don't know). I still have hope for silver to start catching up to gold's %'s on the year, and having this trade pay off.
It is currently making higher daily lows on it's current trend-line, however it really hasn't made any significant moves. I believe that we potentially see 18 this week, depending on whether or not silver continues it's bullish momentum (RSI rising), and whether or not we catch some help from the NFP report on Friday (or some more help from Clinton). I believe it will continue to move up along this trend-line.
Will silver change from the ugly-step sister and become Cinderella? Stay tuned...
Magnificent high leverage CAD JUNIOR SILVER minerAurcana Corporation is a Vancouver-based company whose shares are listed for trading on the TSX Venture Exchange (AUN.V). Aurcana owns the Shafter Project, a silver deposit located in Presidio County, southwest Texas. The Shafter Project was advanced and substantially built prior to being placed on care and maintenance in December, 2013.
vimeo.com
The American Metal Co. of Texas acquired the property in 1926. Operations ceased from July 1930 until 1934 due to low silver prices. By 1940, the quality of the ore was 10.7 ounces of silver per ton. The recorded production of the Presidio Mine between 1883 and 1940 was 30,972,286.15 ounces of silver. Production from 1927 to 1940 alone was 11,809,163.8 ounces of silver , 5,406 ounces of gold, and 7,678,049.8 ounces of lead. (Ross, Clyde (1943). Geology and Ore Deposits of the Shafter Mining District, Presidio County, Texas (USGS Bulletin 928-B ed.). Washington: US Government Printing Office. pp. 45–125.)
The Company recently announced a resource estimate for the Shafter Project and has completed an in-house review of the historic database and exploration potential.
The company is led by an experienced, seasoned management team that includes mining, legal, finance and geological professionals. Aurcana is committed to deliver maximum value for its shareholders, stakeholders and employees.