SILVER LONG POSITION/SILVER BUY SIGNAL
Hi guys,
We have solid position on silver.
* MACD DAILY BULLISH
* StochRSI DAILY BOTTOMED
* My view is that silver will after this strong pierce and selloff make attempt towards previous highs, drop again and continue to push since underpriced.
* Target on silver is 48$/OZ.
Having on mind position of S&P 500, DAX. FTSE and the other indexes, situation on stock market seems very shaky.
SPX is in front of WEEKLY BEARISH MACD CROSSOVER which will result collision of index as we could see in the chart
Apart from SPX, DAX seems even more shaky and i would suggest clearing stock positions and opening longs on metals (prefferably silver), since HH of gold should not surpass 57.000$ which is 10% at best comparing with silver which provides 218% return on investment (118% profit).
Money from stocks will move to precious metals and crypto section.
Appliance of silver from fundamental side is used in industry since all the batteries, fast chargers and so on could not behave as good conductior as silver, because it doesn't have "skin" effect like copper and it can endure big amperage which will be used in electrical car chargers (since gold is to expecive now).
Silver will be too, but still not
Usual ratio Au:Ag=20:1
Now is 70:1 in favor of gold (since gold made brakeout first
Once again, i find silver highly underpriced and will collision of stock exchange (WHICH IS IMMINENT) and certain as Tuesday after Monday, money will move into " store of value"
Good luck to everyone and happy silver holding.
Will pay off big time !!!
Silverprediction
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.
Silver Prediction for Spring 2020My prediction for silver is a rally which will last until Spring 2020 where it will hit the early $20's/oz. This is based on the pretty perfect technical breakout we saw a month back, which has now back tested and is preparing for the next leg higher. This is all happened while the gold/silver ratio is weakening quite dramatically relative to gold.
XAGUSD: Price Approaching Critical Zone. Watch for ReversalHi Traders,
Silver has yielded a textbook double-three expanding flat. The key fibonacci levels for wave X (1.05 - 1.38) have been respected and I'm therefore expecting price to reverse from within the golden zone (0.50 - 0.618). The golden zone in this case will be the zone where wave B retraces wave A. As such such, what we're looking to trade is wave C and the target is within the blue box between 15.60 and 14.93.
Regards
Wave Theorist
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.
Is SILVER run over? It appears that we are still in a massive bear channel and this was a bear market rally. Both TVC:GOLD and TVC:SILVER appear to be overbought. Silver is showing a massive weekly shooting star. Might see another leg up (within the channel)but then a decline to find another bottom. Looks like it got all the FOMOs out there. Unless we break out of this bear channel staying bearish.
Silver Buy & SellAs shown in the chart, i believe silver is on its C leg, could extend further into the blue area or just go up from here. My TP & Sell zones are only a rough idea of where i think market will touch before it goes back down again.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Silver is almost ready for take offWhile gold has been rallying, silver has been silently consolidating getting ready for lift off....
Last daily candle close was a bullish engulfing, which makes me confident to long any retrace down to 14.650 region, stop loss below bullish engulfing candles low....
free fall may start soonHaving a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market.
Buy Stops -15.050(buying pressure)
Sell Stops- 14.450(selling pressure)
Our Active position
ASSET--Silver
Sell Limit Price: 14.700
Take Profit: 14.000
Stop Loss: 15.300
Silver Past & Present Bull Run/Bear Market Analysis. Is RSI Key?This month's observations and discussion points are as follows:
+ Looking at the RSI, 200 MA and candles, it would not be unreasonable to believe there is more down time ahead.
+ Buying when the RSI is oversold on the monthly chart is not a bad good idea (not financial advice) as after the ONLY two previous times, bull runs have followed.
Crunching the Data
Bull Run & Bear Market A vs B
Bull Run A >>> Dec 1971 ~ Jan 1980 (8 years & 1 month) Bear Market A>>> Feb 1980 ~ Feb 1991 (11 years)
Bull Run B>>> Mar 1991 ~ Apr 2011 (20 years & 1 month) Bear Market B>>> May 2011 ~ Sep 2018... (7 years & 4 months...)
Bull Run A>>> $1.39 ~ $38.20 (x27.48) Bear Market A>>> $35.12 ~ $3.62 (-89.70%)
Bull Run B>>> $3.75 ~ $49.71 (x13.26) Bear Market B>>> $48.15 ~ $14.16...(-70.60%...)
Notes: Bull Run A was x2.07 larger in price than Bull Run B.
Notes: Bear Market A has so far decreased 19.10% more than the current Bear Market B.
Final Calculation & Summary
Bull Run A was x2.07 larger than Bull Run B, so it's logical to expect Bear Market A to also be x2.07 longer than Bear Market B.
89.70% / 2.07 = 43.33%
Following this assumption, the current bear market needs to go 43.33% down from Bull Run A's ATH and at this point should become oversold on the monthly RSI and ready to begin a new bull run. It's currently already down 70.60% from the ATH of Bull Run B so I GUESS ALL OF THIS RESEARCH WAS A COLOSSAL WASTE OF TIME! I guess every bull run is different and shouldn't be compared?
SILVER TO GO LONG OVER THE YEARS!No long explanation here, just thought i'd do a quick share on markets I am watching to get in on for the long haul. If you read most of my charts in the past 3 weeks, you should know how I trade. Feel free to use this as your guideline.
This is long-term trade so atleast a year upwards before you look into collecting your winnings. I don't really suggest where to get out, you decide for yourself, but if you want my suggestion on where to consider an exit then feel free to ask.
Wait to bottom out and buy in at trend reversal to the bull side at below suggestions;
1st/top yellow line sitting at 13.723
2nd/bottom yellow line sitting at 9.683
DISCLAIMER!
I suggest working on the monthly view (1M) timeframe, using the MACD , Stoch RSI and CM_Ultimate_MA__MTF_V2 (combo of multiple indicators created by someone and accessible if you have pro account on tradingview).
Do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, thanks.
Silver will lead the Metals Higher InitiallyWhile the gold miners are looking to finish the ABCDE triangle consolidation shortly, they still have not decided whether they will go lower to touch the E at the bottom of the triangle or break out early and leave E behind. Hi Ho Silver however, already gave us a fake breakout first, and has now
gone down and touched the lower triangle point E. This is a buy point as the sideways action or downside should be limited from here, but the upside is massive especially in the 3X Leveraged USLV. I'm a buyer of this now and will be watching the gold miners to follow Silver shortly after silver starts it's move upwards.
Silver to break out?Silver looks to be breaking out from its short term downtrend. This will have long term ramifications on the gold and silver bull run. Expect much higher prices for both Gold and Silver by year end. Silver especially will be very volatile. Load up on silver miners as they will benefit the most from this.
More high possibility for Silver's upside graspFreshly trading its prices right in-between the 8, 21 EMA and 200 SMA, the XAGUSD (Silver) decidedly formed a bullish fakey pin bar suggesting for the continuation of prices higher. This is a strong signal I'm willing to enter on. despite my ongoing trade.
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.
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...