smartsilverstacker

smartsilverstacker Jan 16

Silver is breaking out of a falling wedge, with a bullish MACD cross and plenty of room to run on the RSI. A strong close above $31 could add fuel to the rally. 🚀 #Silver #TechnicalAnalysis AMEX:SLV

smartsilverstacker Jan 8

🚨 Copper is on fire in 2025! Breaking out of a downtrend since September with a bullish MACD cross signaling more gains ahead. Is the red metal ready for a massive run? 📈🔥 #Copper #Trading #Investing

smartsilverstacker Jan 7

Silver is gaining momentum! A bullish falling wedge dating back to Oct '24 is approaching a breakout—$31 is the key level to watch. 📈 With a bullish MACD cross on the chart, a breakout might not be far off. #Silver #Markets

smartsilverstacker Dec 7, 2024

#Silver chart flashing bullish vibes 🚀 A MACD crossover + 3 bullish hammer candlesticks in a row, all while bouncing off the February trendline. Eyes on the prize. 👀 #SilverSqueeze

smartsilverstacker Nov 20, 2024

The DXY is butting up against a zone of significant resistance, and a bearish divergence between the index and the relative strength index suggests that buying pressure is fading here. A sharp correction in the dollar could have significant implications for gold, silver and other commodities. Today we saw a rally in the DXY on a safe haven bid following news of...

smartsilverstacker Nov 19, 2024

Caution is warranted here in the #silver market. If the correction in silver follows the same ABC pattern we saw between May & August, we may have one final selloff before the bull market resumes in force.

smartsilverstacker Nov 15, 2024

Thursday's trading in silver saw a brief fall to the 61.8% Fibonacci retracement level. The price then quickly rallied and closed green on the day, forming a fine bull hammer candlestick. The relative strength index dipped as low as 38, indicating a moderately oversold condition. The kneejerk selloff in the metals that followed Trump's election appears to be...

smartsilverstacker Oct 9, 2024

From February to May of this year, Silver advanced along a classic Elliott Wave impulse, followed by an ABC correction. Now we are approaching the final phase of yet another Elliott Wave impulse higher, price target $35/oz

smartsilverstacker Aug 22, 2024

After completing a textbook Elliot Wave Impulse pattern, followed by an ABC correction, silver is shaping up to potentially complete another impulse higher. Today's correction (seemingly related to a dead cat bounce in the DXY) seems like a good entry point IMO.

smartsilverstacker Aug 19, 2024

Silver continues to put on gains following a breakout from a month long downtrend. MACD cross confirms bullish outlook, as does the breakdown of the gold to silver ratio.

smartsilverstacker Aug 8, 2024

Silver is rallying from strong support just above $26, while the gold to silver ratio is dropping from resistance at trend line.

smartsilverstacker Jul 10, 2024

Two Peaks: The chart shows a peak in early May at around 59,459 and another peak in late May at around 59,357. The heights are nearly equal. Trough: Between these peaks, there is a low point around the middle of May, around 50,000. Volume: Volume does appear to decrease slightly on the second peak. Neckline: The neckline would be around the 50,000 mark, the...

smartsilverstacker Jul 8, 2024

Silver spot price remains in an uptrend, and has broken out of a bull flag pattern. Bullish crossover on MACD coincides with breakout from the bull flag. Fundamentals support the case for higher silver spot price in the long term: stubbornly high inflation, large fiscal deficits, weakness in regional banks and commercial real estate (Fed will need to ease to...