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Silverlong

Gold No Silver yesAt the time of writing, gold was holding on above $1,800 an ounce with August Comex gold futures trading at $1,808.30, up 0.25% on the day. After a brief dip below $1800 an ounce on Thursday, the yellow metal has once again bounced back up and is now targeting the 2011 record-highs in USD-terms. The COVID-19 pandemic continues to devastate the global economy. The 60,000 new cases on Thursday in the united states which is a new daily record high would seriously impact the reopening phase of the global economy and we could see prolonged lockdown in other countries based on the U.S. experience. Going forward we do not see any prolonged correction in the precious metal sector as the general situation is clearly bullish for gold and silver. Aggressive monetary policy easing, ultra-low interest rates, negative U.S. real yields, fiscal stimulus, subdued U.S. real yields, stubborn risk aversion, and the technical outlook all are supporting gold prices at the moment.
OANDA:XAUUSDLong
by NeerajPandey
SILVER long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
FX_IDC:XAGUSDLong
by GWBFX
1
Silver is on a buy signal until July 27th.Silver got a strong close above 17.80, which was a point to look for according to my cycles. It is on a BUY signal and the cycle is up until the 27th of July. Furthermore, following my observation using studies of William Gann - Silver never traded on a bearish price angle since the March crash, which is important to keep in mind. In the last trade I made a crucial mistake with my sell stop and it was caught exactly and the price didn't go any lower, this is typical for Silver traders to have their stops caught this easily, since the market (these days especially) is very volatile and experiences periodic washouts without influencing the main trend. We can expect the price to reach 18.60 by tomorrow, 19.0 by the end of this week and 20.50 in the period of the next two weeks. Also, once the price reaches 19.0 it will be safe to add on to your position, since it is an old high (once crossed much higher prices will be reached). The stop loss in this case is manual. However, a CLOSE below 17.55 will cancel the BUY signal (temporarily). This idea will be updated and commented by me in case of adjustments. It will be closed once the PT is reached or once the BUY signal is cancelled. If you have any comments/ideas/points of criticism - please do write it down below, I will be happy to discuss.
COMEX:SI2!Long
by CSInvestment