Looks pretty damn bullish to me.The technical level is very interesting right now, close to a break-out upwards that could go back to previous high on 29-30 and perhaps past it. I'm long.
Silverlong
SILVER- Unable to break the 28$ markSilver keeps failing to rise over the 28 dollar mark.
A drop back to previous support is now more probable.
Do we expect Silver to break over 28$ eventually?
The answer is yes but not while Nasdaq is dropping. That correlation is the key.
XAGUSD vs XAGCAD? More important than you might think.I have been looking at XAGUSD vs XAGCAD, with the theory that the relative performance of the pairs could be a signal. In this scenario, CAD should be thought of as a proxy for commodities, of which Silver is just one. The USD is acting as a measure of the wider economy, and the role Silver plays in it.
Starting with the long term then, some general notes. The CAD (main chart) persistently pegs more closely to the price of silver, as you might expect. It has lower highs, and higher lows. Priced in Silver, CAD is less volatile. USD on the other hand, fluctuates above and below this line, with important potential observations. Notice the considerable difference between the two charts today, a potential for catch up is coming?
We can see highlighted important regions. In green, the 2011 Silver and commodity bull market. Silver in USD significantly outperformed, more detail on that later. In red, we see the 2011 to 2020 bear market. Significant under performance of silver is highlighted. We will see some more detail of that in a bit as well, as there are some important differences today. Finally, the period today is highlighted, which appears to be under performed. More on that later.
Next, let's get more into the thesis. Here is the consolidation phase of the 2008 bear market. We see persistent and significant out performance, almost without exception from where you set the time scale. The difference grows to as much as 30% in several parts, all before the real bull market begins. Most of this can be seen around $25, which was the previous interim top from 2006.
The Silver Bull Market. The growth in XAGUSD continues throughout the process. The top in this cycle is amazingly formed as CAD reaches it's highest point in 40 years vs the USD, in April of 2011. Two months later, the CAD begins it's 30% retreat to the twenty year lows. Measured from December 2008, the performance of XAGUSD peaks in the region of +100% vs XAGCAD (This depends on the start and end date of course).
The Crash; Although not obvious initially, the XAGUSD Line dips below XAGCAD and stays below, which seems to confirm this bear market. This limits this relationship for picking tops, I admit.
The bear market 2011 to 2016. I've highlighted how the market consistently fails to outperform XAGUSD vs XAGCAD. Even during the 'Bull' run of 2016, there is only a brief, 3 month period where it is even possible to show out performance of XAGUSD, from Nov 2015 to Mar 2016. Move the chart and see for yourself. This signal is squashed even before the bull market begins, which could have been a warning sign as XAGUSD failed to break out relative to XAGCAD.
2016 to 2020. A mixed signal? The consolidation of 2016 to 2020 was mixed, there was no clear under performance, but neither did it outperform. Using the full consolidation phase, we cannot see a breakout today.
Today; While no breakout is clear, there are perhaps signs this has changed with this current phase. From the March lows, we can now see Silver in USD is clearly outpacing Silver in CAD, although not yet by as much as in the 2008-2011 cycle.
This could mean either;
The signal is registering a false breakout. Although unlike the 2016 and earlier interim tops, this out performance has lasted almost a full year. Something that has not happened since 2008.
We are still in the early stages of this bull market. Look for this comparison to breakout with a 20 to 30 point difference. This is not hard to see as possible, considering how far XAGUSD needs to catch up just to where XAGCAD is today. And considering that when it does, it tends to overshoot, this could be further confirmation that this party has just started.
Takeaways; Look for this comparison to breakout to the upside 20 to 30 points, which could then continue for months to years. A spike in the USD is not out of the cards as always, and would be negative for this relationship. If XAGUSD remained neutral in that scenario, I would be very bullish however. This relationship currently has about 10% cushion to allow that without dropping XAGUSD below XAGCAD. A spike in the USD driving this ratio down would also need to persist for several months to indicate this is not Silver's time. Top in the relationship should be formed by a significant high in the CAD.
Silver Multi-Timeframe analysisHi Traders
Silver Multi-Timeframe analysis
H1 CHART
A low probability, entry signal to go LONG was given at 27.118 after the market found support at 26.847 . Only the downward break of 26.847 would cancel the bullish scenario.
Support & Resistances
27.039 27.510
26.816 27.652
26.528 27.940
H4 CHART
A medium probability, entry signal to go LONG was given at 26.544 after the market found support at 25.863 . Only the downward break of 25.863 would cancel the bullish scenario.
Support & Resistances
25.757 30.075
24.683 32.545
20.496 36.732
DAILY CHART
The market is approaching the support at 25.888 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 24.160 level.
Support & Resistances
25.888 27.912
24.160 30.075
21.884 32.545
WEEKLY CHART
Waiting for a retracement lower towards the 21.653 support level, in order to reinstate LONG positions. Next important support is the 18.932 level.
Support & Resistances
21.653 30.075
18.932 34.662
16.512 42.844
Every time frame mentioned looks bullish. However, short term on 30 min i see a lot of bearish pressure.
#CoeurMining - #Tenbagger Potential #Coeur #Silber #XAGUSDWyckoff defined three market laws:
1. the market is determined by supply and demand.
2. prices are the result of the considerations of market participants (bulls as well as bears) and therefore never random.
3. changes in volume and price, allow for predictions of shifts in supply and demand.
Wyckoff's trading method:
1. determine the current market situation and the respective trend
2. look for stocks with relative strength compared to the overall market (bull market) and vice versa.
3. look for stocks that are in the accumulation phase. Are there any chart patterns that indicate this?
4. how does the stock behave in case of resistance/support and how is the price/volume change
5. determine the time of entry and set StopLoss
To Coeur Mining in Q.1 2020:
85,635 ounces of gold, 2.7 million ounces of silver, 3.2 million ounces of zinc and 2.4 million ounces of lead in Q.1 2020 are mainly produced in the USA (58%), Mexico (36%) and Canada (6%). The main revenues are from the Palmarejo, Rochester, Kensington, Wharf, Silvertip and San Bartolomé mines.
The main investments for further development are made in the Palmarejo, Kensington, Sterling, Silvertip, Rochester & Greenfield mines.
Greetings from Hannover, Lower Saxony
Stefan Bode
SILVER -Time to Buy?Our chart shows support and thus we are attempting to Buy. We have covered Silver fundamentals previously, look at the related ideas below.
Silver Price 2021 - V2An update of a previous chart.
Just a bit more of a play with time frames, although the core 16 year cycle is still solidly in play.
Most interesting thing to note was the .38 ratio in play between the big movements.
This is the after affects of Gold standard removal in 71 coming home to roost, incredible.
Interesting!
Time to test the weekly trend - Possible breakoutSilver is looking to test the weekly TA trend. This could possibly be the beginning of a new bullrush if the resistances shown on the chart are broken. It would likely mean the start of more volatility but also a larger uptrend.
With macro looking the way that I've mentioned previously I'm decidedly positive and long silver.
Let's see where this takes us and if my speculation is correct. I'm merely a TA noob, so don't take my ideas all that serious yet even if my fundamental analysis perspectives are more mature.
Silver- Ready to break above resistanceUnlike Gold, Silver is in a clear uptrend, with the price putting in higher lows and higher highs since the beginning of December.
The spike to 30 from the beginning of February is now corrected and XagUsd looks ready to resume it uptrend.
At the time of writing Silver is trading at 27.55, just under 27.80 resistance and a break above resistance can lead to a new challenge of 30 zone.
Silver is in a clear uptrend as long as the price stays above 26 and dips should be bought
Silver Set UpTrap 2.0
Will placing 2 positions once the market is open,
price is above the 10, 20 & 50 EMA!
Most recent candle engulfed the 3 previous candles.
TP's will get hit, money will be made!
*Markup is on the daily so it might take a few days to fully play out but hold & don't fold!*
(Personal recommendation try to buy physical silver, the central banking system is in historical weird times with all the debt created and the inflation of all currencies. Silver & Gold are tangible items that's values will never go away plus silver is used for solar energy! Think bigger, think for the long term & never be scared to lose.)
Silver is getting ready to pop. 2021 target of around $45/ozSilver is forming a bullish ascending triangle with the potential to break out in the coming days or weeks. It may be possible to get another rejection on the resistance line, but I would imagine as the economies of the world reopen and velocity of money starts to pick up, inflation will drive silver up to old highs this year. Long/hold position is wise at this point, unless the ascending support line gets broken.
Long term indicators turning positive - WWide Stimulus = SLV+Long term indicators are turning positive whilst the FIAT money printing is increasing world wide to counter-effect Covid-19. As a counterbalance precious metals and diamonds act as value preservatives. With this reasoning my speculation is that we are getting closer to a clear turningpoint within this field. Due to this I'm long silver both as investment and hedge towards unforseen effects being born out of the post-covid world.
Silver long term target.Hello everyone,
Here is my look about silver in long term. First of all, the trend is still bullish, and DXY is still getting weaker and weaker as US still printing money non stop. Price might be able to reach the month high 2011 at $48 - $50.
And recently, we just break out of the short term down trend. If you are agreed with me on this, I do recommend people to looking for opportunities to buy base on 4h and daily timeframe.
Goodluck to everyone
Please do your own analysis before trading.
Market manipulation on Silver by JP Morgan!Hello.
Let me get this straight.
First of all, I am a holder of physical silver and I find it very strange, that Jamie Dimon (JP Morgan) is meeting the one and only Joe Biden just after a rough couple of days of silver going up in value and demand
As of recent, I noticed a strange volume occurring on silver futures and I thought I would do some digging, and I must admit I was not the first one! For other people, this might be normal to know that the silver market is acting weird, for me this was the first time.
The ongoing investigation led me to this article today.
Posted by ZeroHedge -https://www .zerohedge.com/commodities/houston-we-have-problem-85-silver-london-already-held-etfs
Where it says that JP Morgan added to their SLV position 2800 tons of silver.
Which compared to the yearly OVERALL PRODUCTION OF SILVER IS 10%!
If that number just does not say they ARE FULL OF CRAP I don't know what will...
The OVERALL annual investment in silver is about 18% of its whole production and here we have JP Morgan throwing in 10% of that in their vault in about 5 days when the price is almost at local high? Seems legit.
Here is what the article says too...
There is only so much silver left for ETFs to fight over in London vaults and when there is non left the price should skyrocket. Unless they start printing again?
Sounds a LOT like there should be an investigation or at least I am hoping that people buying in those ETFs start to bank out physical silver and take this god damn banker's firm to the shothole it came out of.
I hope you are doing great. and have fun longing the best precious metal out there!
Cidoguy.
Long Bias on Silver XAGUSDI have a long bias on Silver, XAGUSD... key reasons..
1. Silver has already made a new all time high and after consolidation, it is making it's way back up forming a steady uptrend movement to retest the highs.
2. Silver is a utility metal unlike Gold, meaning it does have a lot of demand especially due to the growing electric vehicles industry.
3. Silver as a long term investment against the weakening USD due to the Biden $1.4 trillion USD stimulus plan + US Fed keeping interest rates near zero for the rest of 2021
Technicals
1. Alligator is pointing up
2. MACD has crossed up
3. Weakening US Dollar Index
These 3 main ideas give me a long term bias on Silver as a good long trade and now looks like a good time to go in with small positions. If it drops further, just keep taking small long positions and accumulate for future profits.
Bullish Divergence Sets Up a Buying Opportunity for Silver!Silver (often traded through SLV/PSLV ETF's) has had a busy week! After getting pumped to 10-month highs on Monday, we saw sellers attack price relentlessly for 2 days. Today, however, was different. Back at old-resistance/(new support?) from 2020 at $24.50-$25 on SLV, we are seeing a basing pattern with hidden bullish divergence on the cumulative volume percentage indicator (lower lows on indicator, higher low on price). This suggests sellers have been more aggressive than buyers, yet price has not dropped further as a result, suggesting there are opportunistic buyers accumulating at these levels. This offers a unique trade opportunity to the long side. If SLV can hold its low of the week (or at least not close a weekly candle below it), it provides reasonable reward-to-risk for a 50-62% retracement towards the highs, and possibly a gap fill. Note how CCMI (or your momentum indicator of choice) is rotating back upwards, approaching the zero-line on the 78min chart (no using hourly charts for indicators on equities or ETF's! Every candle MUST have the same amount of info for indicator readings to be valid!). I expect we see some bullish momentum into the end of the week. Buying a breakout over Wednesday's high or even after a dip under the low that is supported by the daily 50 sma (not pictured, currently at 23.52) makes a LOT of sense.
Silver AUD daily- FlagFor further details about Flags:
Upward breakout 60% of the time (Bulkowki research below).
thepatternsite.com
Silver retesting 30$+ ? With the talk of this stimulus suggested by Yellin, inflation occurs regardless.
Entered @26$, TP around 30$, However, if we break this resistance we are definitely going to at least 35$. Will have to re-evaluate then.
Would've bought some real stuff but all the bullions are practically gone...
Good luck ladies and Gentlemen!
Still bullish!
TVC:SILVER
(Disclaimer)
(This is not financial advice, just my opinion)
