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Silverforecast

Silver turning bullishSilver on the daily time frame is now at a resistance, with Stoch Rsi showing that the selling pressure is fading and Adx shows that the bearish trend is also fading (bearish line makes crossover downwards with the trend strength line). This means that after selling Silver from 17.900 (which I published a week ago) it's now time to look for a buy entry. How to trade: Since there are multiple resistance levels and it's now approaching the 1st one I advice to start with a small buy position so that you have the space to add more if it might go 16.281. A break of 17.200 is also a nice entry for another buy positions. Take profit would be in the 18.000-18.500 region. A stop-loss at 15.400 is preferable.
TVC:SILVERLong
by JoshFX1
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...
FX:XAGUSDLong
by GeorgeJimas
1
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.
ALong
by JanJoosten
SH SIORTLVER ::: RISK CALL :::SILVER is expected to SINK now. The reason why we feel SILVER may SINK. * On weekly basis it has just started SINKING * To Rise and come near 14.98 levels * Stoch RSI (3,3,14,Close) is SINKING. * RSI (14,CLOSE) is SINKING. * CCI (20,CLOSE) is SINKING. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call shall be from SELL BELOW :15.22, SL: 15.28, Tgt 01: 15.05, Tgt 02: 14.98, Tgt 03: 14.76. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAGUSDShort
by ajithchand-bhandaari
SILVER SHORT ::: RISK CALL :::SILVER is expected to SINK. There are many reason why we feel it may ...... * BEARISH ENGULFING in WEEKLY Chart. * To SINK and come near 14 * Stoch RSI (3,3,14,Close) clearly states it may SINK. * RSI(14,CLOSE) Is also of the same view. * CCI(20,CLOSE) Is also saying the same. Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our short call shall be from 15.22 with a SL @: 15.27 Tgt01: 15.08 Tgt02: 15.02 Tgt03: 14.83. This may be very quick as we are expecting Silver to bounce back from mid week. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAGUSDShort
by ajithchand-bhandaari
SILVER SHORTXAGUSD is expected to sink now. There are many reason why we feel it may sink. 01. It has not sustained quarterly buy level. 02. Pinball in daily Chart. 03. To sink and come near quarterly sell level of 14.12 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from Short below 15.56 SL@: 16.77 Tgt 01: 15.44 Tgt 02: 14.52 Tgt 03: 14.12. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAGUSDShort
by ajithchand-bhandaari