Commodity Trade Mantra

Posts Tagged ‘Silver Price Rally’

This Pattern Confirms The Continuation Of Silver Price Rally

On the silver chart, is a classical major reversal pattern referred to as a Head and Shoulders Bottom. Major reversal patterns form after a downtrend, and its formation normally confirms a change in trend. This is a precious gift, if you were still unsure whether to get into silver or not. The tricky part of this kind of pattern is the issue of whether price will retest the breakout area, which is around $18.

Silver Outlook: Short-Term "Overbought & Volatile", Long-Term "Positive"

Commercial short & Large Spec long positions in silver have built up to a very high record level, making a reaction back soon a high probability. Bullishness towards silver is now at extreme levels, and while this doesn’t always lead to an immediate reversal, taken together with the other factors, it does suggest that caution is in order with respect to silver’s immediate prospects.

Silver Prices Will Move Much Higher And Faster Than You Expect

Historically, silver prices have a tendency to decline & rise way more & faster than most people expect. The recent 5-year decline is a good example of a decline that went lower than expected. The current silver price rally will also likely far exceed most people’s expectation. There are many fundamental & technical reasons that give this silver price rally an edge above all other previous rallies.

Watch Out If Silver Price Breaks Through This Technical Level

The huge Silver Rally last week took a lot of precious metals investors by surprise. We may see the banks try and hold silver from crossing this trend-line, but if silver does close above $20.50 this week and continue higher… it could spell real trouble for the bullion banks who hold a great deal of silver short contracts. Silver needs to close above 50 MA Threshold of $20.50, to soar further.

Is The Gold And Silver Bottom In? Nothing Confirmed Yet

The purpose of articulating the importance of confirmation is now focused on gold and silver because of the increased calls for a [possible] bottom in both. The information gleaned from chart market activity, in the form of price/volume behaviour, is telling us that no bottom has been confirmed in gold and silver, factually speaking. Many may believe otherwise.

Silver Prices Show More Evidence of a Bottom

Silver prices have been crushed for over four years and are deeply oversold. Silver has been largely forgotten, which is an excellent place to begin a multi-year rally. The gold to silver ratio has been hovering around 75 – near multi-year lows. Here are some of the many other conditions that point to higher silver prices in the next several years.

Fundamentals Indicate The Price Of Silver Must Increase Dramatically

Its astounding how the acceptance, that silver and gold prices are manipulated by COMEX trading has grown. Silver prices are set on the COMEX when speculators adjust futures positions. Fundamentals will dictate the future price of silver, but they have zero influence on short to intermediate term pricing. That’s why I focus so closely on COMEX positioning.

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