Silverlong
Silver to M2 Money Supply and the roadmap aheadLooking at the Silver to M2 Money Supply you can clearly see when the ratio bottomed and subsequently broke the preceding downtrend the silver price broke out and had significant booms.
If you take a calculated and measured move from silver's previously significant breakout and overlay to today's market you could conceivably see $60 silver by end 2023, and $200 silver by 2026.
What are your thoughts?
Silver Continuation Rocket Chart says it all
Watching below MA/SMMA for late entries
Trend line holding
Silver Launch Pad is Being SetSilver has long been a favorite of mine to trade. In the past few months, it has taken a nice breather creating what looks to be a consolidation pattern before an eventual move up. Gold seems to have created a double bottom this past week and I believe Silver is in the process of making a reversal from its recent slide down. f you zoom in on the daily chart, you will see a nice falling wedge reversal pattern forming. In the long run, I still expect Silver to push towards $100, but in the short term, $35 is our next target resistance level.
XAGUSD - LONGSILVER is looking very bullish market has provided us with a nice impulse which has been followed by a correction to the 0.50 fibonacci, during this correction what we can see on lower timeframes everything is currenty still bearish we have this counter trendline and market is below 1hr resistance, however if we see a close above this confluence of resistance on the retest we can look to long.
The Dollar is hugging support again.The Dollar overall continues to look weak, as shown on my intermediate chart.
SILVER for a retest of the resistance 🦐After the resistance rejection SIlver got rejected until the 0.618 Fibonacci level.
The market is now consolidation and according to Plancton's strategy if the price will test and break above the resistance we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡SILVER (XAGUSD) - Weekly Technical Analysis Update
Midterm forecast:
25.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 25.75 is broken.
Technical analysis:
A peak is formed in daily chart at 28.75 on 05 /18/2021, so more losses to support(s) 26.60 and minimum to Major Support (25.75) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 58.
Take Profits:
TP1= 25.75
TP2= 26.60
TP3= 28.30
TP4= 29.85
TP5= 33.45
TP6= 37.50
TP7= 44.20
TP8= 49.80
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XAGUSD possilbe target 29.30-40#xagusd, silver forming higher high and higher low weekly and monthly charts. 27.45-30 highly demand zone for buy. target 29.30-40. stop loss below 27.20.
SILVER - LONGWait for break the structure and then buy the valid retest.
Targets are on weekly levels.
The Silver StandardI love silver.
Bullish pennant formation with a breakout but be careful cause it could be a fakeout since there's not much volume yet. Seems the market is repricing it but no matter.
This stock going up over the next 1-2 years is a matter of near certainty.
Fundamentals support it.
(note: I do own the stock and call options on the stock.)
Not financial advice.
Deja Vu All Over Again for Silver?Silver began a monster rally about a year ago. Now the technicals could be lining up similarly.
First, consider how XAGUSD dumped after hitting resistance at its 50-day simple moving average (SMA) in late March. Prices quickly stabilized and then entered a period of sideways consolidation. They soon pushed above the 50-day SMA and started moving higher again. These events happened last year on May 7 and this year on May 3.
Next is the tight ascending range, tracked upward by the 21-day exponential moving average (EMA). That happened last June and it’s been occurring again in the past month:
Third, notice how the 50-day SMA recently flirted with crossing under the 200-day SMA: an attempted but unsuccessful “death cross.”
Finally, the key question: Where’s the resistance that could mark a breakout? Last year, it was a close above the 52-week high of $19.65 (September 2019). Using that same logic, this time traders may be watching the recent peak of $30.14.
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Silver C & H and major wave count (Long AF)I haven't seen anyone really comment or take note of the implications I have plugged into the chart.
Bullish to say the least, wrapping up consolidation period / wave 2 and also handle. Wave 3 Summer 2021 into Fall?
Remember that in 2011 with that round of Fed Stimulus, Silver touch near $50. We are well beyond that level of stimulus with actual signals of potential inflation...
Major wave 5 I believe breaks $50 sometime in 2022 -2023
I'll leave it there. Comments are most welcome.
Do not mistake this for financial advice, it is simply my opinion.
Alt - B
silver!!! long position $$$$$$ great risk to reward H1
Hi
great opportunity for long
[*reversal Head and shoulders
*breakout descending parallel channel
*bullish momentum
*reversal candlestick pattern in daily
* COT report is direct to long
]
Silver surfing and it's potential.Let's play a game. Everytime the FED discusses interest rates, let's buy 200$ worth of silver. Bullions are cool too!
Storing it in a physical bank shouldn't be too much.
But, inflation is upon. And once we pass Go! the banker will want his Money back which won't be worth as much as it is today. So let's use our purchasing power and buy some silver.
We Investors have turned to hard assets which again is appealing to hedge against this problem.
Silver is now trading at about $27 an ounce, more than a 50% increase compared with last year and about a 70% rise from five years ago.
The chart looks very nice with the wicks getting filled, keeping the trendline, and MACD looks ready to shoot.
(This pure opinion not financial advice)
TVC:SILVER
Silver / Long Idea Ever since the Lehman Brothers collapse prompted central banks to cut interest rates and implement round after round of “quantitative easing” commentators have been forecasting that gold will hit $5,000 an ounce and silver $100 an ounce.
Pointing to the high inflation that was experienced in the US in the 1970’s that caused gold and silver to skyrocket back then, many are drawing parallels stating that all of this quantitative easing will end with a similar high inflation environment. If and when this does materialize, precious metals are expected to rise exponentially.
However, the question of “when” this will occur is currently up for debate. While there have been some recent signs of inflation, it yet remains to be seen whether we have truly entered an inflationary environment or whether this just a temporary blip brought on by the shock to the supply chain caused by the Coronavirus.
As we all remember far too well, by April 2020 most of the worlds factories had been forced to shutdown due to the spread of COVID. When certain factories deemed to be crucial for “essential businesses” were allowed to be re-opened, many of them re-opened on a drastically reduced capacity based on the expectation that consumers would shut their wallets and not be spending money.
However, the complete opposite happened. Those that were fortunate enough to maintain employment could not spend their discretionary income on travel and entertainment so directed their money towards home renovation projects which were also bolstered by record low mortgage interest rates.
This contributed to record high prices for Lumber in the US and manufacturers such as Stanley Black and Decker being caught flat footed by cutting back production only to learn later that consumer demand for tools and equipment was exceptionally high.
While the above had lead to inflation, it is yet to be seen when manufacturing capacity returns to normal, and consumers can spend money again on travel and entertainment, is this inflation temporary or is it just the spark that has lit the inflationary fuse.
It may however be many years before the inflation that has been warned about for the last thirteen years begins to materialize. And while gold is arguably the most popular precious metal, it needs the inflationary narrative to continue for the price of gold to appreciate.
To position ourselves accordingly, I am choosing Silver to protect My portfolio from inflation if and when inflation does come screaming back but also choose a precious metal that can capitalize on a post-covid economic recovery.
Good Luck
Silver to $28.50 short termEasy short term target here, commodities running hot price increases rampant -- $Silver is going to run away here.
FSM Bullish IdeaFSM (Fortuna Silver Miners) earnings came out recently. With the positive earnings report and increase in Silver price, we believe FSM will move higher. In our perspective, Silver looks bullish on the charts. If Silver can maintain its momentum, we believe miners like FSM can benefit heavily. FSM allows the use of leverage in some brokerages, We are long FSM! - HH
Silver Train is leaving the StationLooks like we are entering the 3rd wave of the silver run and it should take us back up to mid-thirties before the end of the summer. Wave 5 looks like it will land somewhere just short of $50/ounce although momentum may well carry it past that point. It is certainly overdue given the run of the other commodities as of late (Lumber, Corn, Oil, etc.) Not to mention the push for "Green" energy sources and the accompanying Government subsidization of these projects will only increase demand for silver. It is likely that major suppliers will begin hoarding the raw materials as inflation begins to accelerate in the coming years. Many commodities have already seen major price increases even with M1/M2 currency velocity at near all-time lows. As the velocity of the currency supply begins accelerating look for all prices to increase. Silver, being both a precious metal and important raw material for industrial applications will jump in very quick bursts as it has done throughout all recorded history. It is important to be allocated accordingly before that time. I recommend physical coins or bars on hand as well as a mix of reputable mining stocks. Don't fall for the paper silver issued by the fractional reserve Ponzi schemes.
Silver and Gold = Money
Banknotes (Dollars) and Crypto = Currency
Few understand this.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."
