Silver Price Watch
- Thread starter STKR
- Start date
Friday night smack up? If we close the week above $30 then I think it's looking good for a solid run up to test $32.50 again next week. Of course, we then get a new monthly candle and it would likely go back into the $29's before shooting up. Fingers crossed 
Being a longterm lover of silver I have been Spying my way through the short, medium, and long-term charts for the metal a while now, and the way I see it with my knowledge of chart candles all 3 periods, are aligning to a major silver breakout very soon . I'm talking an all time hight to breakout for the PoS. There it's off my chest 
just had to get it out.
just had to get it out. Being a longterm lover of silver I have been Spying my way through the short, medium, and long-term charts for the metal a while now, and the way I see it with my knowledge of chart candles all 3 periods, are aligning to a major silver breakout very soon . I'm talking an all time hight to breakout for the PoS. There it's off my chest
It's setting up but this correction could go for a couple of months, and even see us go down to $26 before it makes it's move. A surge and close above $30.30 will be needed this week for me to be enthusiastic about a run in the short-term.
I'm anticipating a run up to 30ish, then possibly a smackdown to $27 levels if $30 doesn't hold. It could even go into $26, and that would be a great opportunity to acquire some physical because it could be the last time we see $26 silver ever again. I'm watching the charts like a hawk because I want to re-enter my position on First Majestic.
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We need to break through this line. Lower highs and lower lows is a bad sign, and we can expect some selling pressure to show itself when we near $30. If we don't make a solid move above $30, I'm expecting a total beat down and the PoS to continue it's correction on the monthly charts. I re-entered my First Majestic position last night but I'll be monitoring and potentially closing it if silver shows signs of a reversal.
Nice little surge in FM shares but it may be short lived.
Nice little surge in FM shares but it may be short lived.
Here we go. We've reached the point of breakthrough. If it's turning around from here, we can expect it to hold around these levels until tomorrow and then get slammed down. 5 green candles in a row indicates to me we're going down tomorrow if we don't surge up tonight beyond $31.
I personally like the 7-21 day MMAs on the daily myself rather than BBs. BBs are very good for stocks long-term looking forward for a squeeze depending on their time frame as set by the operator, also silver is too volatile for those in its daily movement! That's why the 1hour charts work well with pos movements for the market sentiment Daily is so yuck and slow just my observations :b. 10 and the 30 day MMAs I use for swing trading when the right empowering bullish hammer presents itself. What is the grid time frame in the above chart?