Tag: silver analysis

Signs Are Silver Bull Market Is Consolidating

Posted on 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.

Silver 8-month chart

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 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 by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


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!

Monthly Chart of Silver
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!" →

Gold & Silver: First Pullback

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Chart 1. Gold Daily: Second to Win but First to Hold

Gold: Daily Chart
Chart courtesy of tradingview.com

The top metal has was just $4 from reaching the target of $1307 which was set in my March post. It had reached a high of $1303 on May 2nd before it started a one-month long correction anticipated in the same post. The depth of the correction is minimal at 38.2% and is well above the normal retracement area within the 50-78.6% range ($1176-$1101) highlighted in the March post. Continue reading "Gold & Silver: First Pullback" →

Gold & Silver Daily: Ladies And Gentlemen, The Bull Flag!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Today when I saw that precious metals started to rise after a correction I detected on the charts my favorite pattern called the Bull Flag. This pattern can change the targets depicted in my earlier gold and silver posts, better say enrich them.

Chart 1. Gold Daily: Beyond 1300!

Daily Gold Chart
Chart courtesy of tradingview.com

Gold is in the blue multi-month uptrend. The angle is not as sharp as it was at the start of the year, but it still can take gold to fresh highs. Continue reading "Gold & Silver Daily: Ladies And Gentlemen, The Bull Flag!" →