Silver (FOREX:XAGUSDO) Archives - Page 12 of 16

Gold & Silver: Consolidation

Posted on September 12, 2016September 12, 2016 by Aibek Burabayev

Old wisdom says that patience is the key to success. We can see in the charts below that both metals are in a time-consuming consolidation mode. Only patient traders could survive in this situation as see-saw moves play on our nerves.

Chart 1. Gold Daily

Chart courtesy of tradingview.com

The gold hit a maximum at the $1375 mark this July and couldn’t advance higher. It dropped to the $1310 level at the end of the same month. Another zigzag to the upside was deemed to be a continuation of the bullish move, but it stopped below the July top at the $1367 mark. The next drop hit the $1302 level below the July’s low. The metal has reversed to the upside again and shaped another lower top at the $1352 level last week. I put an orange declining channel to isolate the consolidation for the comfort of your eyes. Continue reading "Gold & Silver: Consolidation" →

Silver Miners Could Have Made You A Fortune

Posted on August 22, 2016 by Aibek Burabayev

At the start of this month, I shared with you the comparative dynamics of gold and gold stocks. I joked that the commodities traders could only envy the stock investors as the results of gold purchase were laughable compared to investing in stocks. And today I would love to show you an even more surprising results of silver stocks.

Part I. Comparison

Chart 1. Top Silver Stocks Vs. Silver: This Brilliant League Is Not For Metal

Chart courtesy of tradingview.com
The above chart has a high resolution and to see it in a full size; please click on the chart. It shows us the comparative dynamics of silver and the top silver stocks by market cap.

The 5 stocks are sorted by market cap: Continue reading "Silver Miners Could Have Made You A Fortune" →

Signs Are Silver Bull Market Is Consolidating

Posted on August 11, 2016August 11, 2016 by The INO.com Team

Having hit a target, silver has formed what is believed to be an intermediate top over the past five weeks or so, which it should soon start to descend from, says technical analyst Clive Maund.

On its three-month chart, we can see this presumed topping pattern started with the appearance of a prominent "Gravestone Doji" or "Shooting Star" candlestick early in July, with its negative implications being amplified by its having occurred on very high volume. While moving averages are in bullish alignment, the now yawning gap between the 50-day and 200-day makes a correction likely. After dipping back during August, the price rallied toward the highs early this month, and then failed, dropping hard on Friday, making it very likely that a Double Top is completing. Continue reading "Signs Are Silver Bull Market Is Consolidating" →

What Experts Predict for the New Silver Bull Market

Posted on July 28, 2016July 28, 2016 by admin

By the reckoning of market watchers, the silver bull has arrived. The Gold Report takes a look at what some of the experts predict for the silver price going forward and for companies poised to benefit from the upswing.

Stack of Silver Coins

The Outlook
Like gold, the price of silver has surged following Britain's vote to leave the European Union, with investors purchasing the "safe haven" metals to protect wealth in the event other markets falter. According to an article published on July 19 on INN Daily, the silver price has gone up more than 43% year-to-date, "leap-frogging ahead of gold post-Brexit."

"Southern Silver Exploration Corp. will be a big winner."

Frank Holmes of U.S. Global Investors, in a July 11 post, notes that silver tops his "Periodic Table of Commodity Returns" for the first half of 2016. "Silver demand had a phenomenal 2015, with retail investment and jewelry fabrication both reaching all-time highs," Holmes wrote. Add to that an increase in demand for silver for photovoltaics, and now Brexit, and the first half of the year has "has been highly constructive. . ." Holmes notes that some experts believe the silver price will reach between $25 and $32 per ounce by year-end. The metal currently trades for ~$19.90/ounce. Continue reading "What Experts Predict for the New Silver Bull Market" →

Silver Has Hit The Target And Marked A New One!

Posted on July 11, 2016July 11, 2016 by Aibek Burabayev

Silver has overshot the target set at the $20 mark in my June post leaving the gold in the dust. The AB/CD concept is simple yet effective as it utilizes perpetual Fibonacci ratios.

Ok, that’s done, but what is next? Let’s look at the charts below. I put the monthly chart first to refresh the global outlook for the soaring metal.

Chart 1. Silver Monthly: The Game Just Started!

Chart courtesy of tradingview.com

The metal has finally shot above the black downtrend, which I was talking about in my March update. It was a vital need for silver to break loose from the multi-year grip to stop the drop. Continue reading "Silver Has Hit The Target And Marked A New One!" →

Tag: Silver (FOREX:XAGUSDO)