Silver Price Prediction. Wait patiently to long...
How nice would it be if we could see the future. You could easily make hundreds of millions in a day literally if you forsee where the market is going especially with the amazing leverage options that many trading brokers offer. I have been using XM and i have no complains of now.
Well, with that said the point is that as mentioned in the previous post with reference to Gold;its about time that Silver too will rise above everyone's expectation on one side and on the other side the much probable stock market collapse.
I usually trade on the H4 & daily and below are some snaps of the same. Look carefully what can you deduce?
DAILY
H4
Well yea, we have good decent support there that hasnt been broken yet and all. nothing special and i certainly cant see much information in here to make a trade based on the information above ...
But hold on now lets, look at the weekly chart
Weekly
Wow, What is this! The overinflated stock/bond prices & geopolitical economic tension is for a fact bullish for precious metals but not just that the chart says that too.
i) We are a long term trend & price support.
ii)Beautiful Cup & Handle formation(red circle). The handle is getting rather long haha
iii) ~78.6% Fibonacci level (can be a great entry point, how much further down can it go???)
iv) Now consolidating and pls patiently wait for the breakout.
Well the indicators are all showing strong sell. We are at $16.5 silver price an ounce we can see it go to a little down and test the $15 range play around for a while only to double its price to $30 guesstimate...Well, thats atleast what i believe. I have low leverage smaller lots buy longs @ $16 and just waiting patiently do a bigger one around $14.5 or $15.
I hope you find this helpful and if you are not a trader just go and buy some physical gold & silver, you will be much better off :) The information provided in here is only my point of view and should not be considered as financial advice .
If you enjoyed it please do post your upvote, comment, resteem & follow.
Bitcoin : 1EDEU9A9D1pJYGkM8JaEEUgdH7U8yUNeXp
ETH & ERC 20 tokens : 0x277be3fe5b9b6fed7eff380bff320f9c1caf69a2
Steem & SBD : @amreshchandra :)
I completely agree it still a bit early I expect the stock crash not before the end of the year. Great post!
I think crypto will go up not as much as 2017
Which makes now perfect time to prepare..
cheers mate, yea still early. Just a heads up so that we have ample time. and yea lets go @gogreenbuddy :)
At the moment there are little great investments everythings inflated except potentially silver/gold and alternative crypto coins. Maybe time to invest in yourself & business :)
Thanks for the votes by the way
That's very powerful!!
True that and good luck in ur business too..Hope to see you around mate..
Thanks for the reminder this has been on my to do list, even if I can get a wee bit more of coins. I bought 10 ounces of Indian Rounds off of JMBullion site they give you a one per customer set for barely above spot. They are so simple and beautiful. Having a big coin like that reminds me of my grandpa who use to have his favorite silver dollar in his pocket at all times, he would pull it out of his pocket and twirl away while talking up a storm. That site has the most intricate coins for all you collectors out there, like Viking coins and now Amy Brown coins etc. I've been hearing in chat rooms that China has been stock piling lots and lots of silver. It's nice to diversify your portfolio with actual physical currency as well, and since we are in a Global economy who really knows what this wild future will hold. A friend of mine that's a math teacher, said he was off to buy silver yesterday and reminded me that if markets crash at least you could have a coin in your pocket to trade for some milk or cookies or gas. Lots to ponder....
Thanks for sharing these charts and your insights...:)
I dont know much about JM Bullion and frankly i dont own much physical silver/gold unlike my mother and sister haah... i just do trading and yea just loooong on precious metals coz big short on stock is nearing. Lovely to see you @kimmysomelove42...Hope to see you around. :)
Post is really useful for us, and I follow a good post from you, Thanks @amreshchandra
Thanks for dropping by bro..@omcaca
You've said the fact brother, if we could know the future, we would all be a millionaire in cryptos market
I respect Any cryptos Price above steem so this silver is above it which shows it has a good Future too like steem and EOS
Haha nice to look at things that way..." respect Any cryptos Price above steem so this silver is above it which shows it has a good Future too like steem and EOS" ...Buy some too :)
I would. Thanks for the advice and thanks much for visiting my posts, I can see your upvotes
I've actually been envisioning the experience of buying some silver. The only thing that holds me back is that silver doesn't produce passive income, but like you said the stock market crash is inevitable and silver is this a must. If you know of ways how I could produce passive income with gold and silver please do tell @amreshchandra..
Either buy physical gold/silver or just do a low leverage long on them that i'd guess would be passive when the trade goes in our favour :)
I see. The only problem I'm finding is that the trade will be more of a capital gains as opposed to a residual. Thanks for the advice my sir..
I do truly believe in gold and silver and at times feel I should leverage cryptos for a diversified portfolio..
I also think that buying gold and silver is a good investment.
At some point, the financial system will collapse. Then the value of gold and silver will rise enormously.
There is no reason not to invest in precious metals.
Those who do not have enough money to invest in gold should buy silver.
There is a saying here in Germany: "Silver is the" little man's gold. "
Exactly mate and the chart shows that too...Silver is the new Gold lol and yea would love to visit Germany :)
Thanks for your insights. From more of a hodler perspective, the AG/AU ratio offers some great potential for increasing one's position in metals, if they're gold heavy right now. Silver offers much more potential, fundamentally. EW would indicate the same.
Does anyone know how to get decent money in steem?
watch @jerrybanfield videos on youtube , STEEM wild guru guy tells ya all about it....
I'm a newbie here and after watching a ton of his videos, it's best to get some skin in the game then your voting power is worth more.. Right now is a great time to buy Steem off exchanges cause its low, then send to your account here and start engaging in community with content that people are interested in.
It was @crypt0 & @jerrybanfield who inspired me to get in here
Brother is not possible by me. I do not understand what all the sparks are smiling
Just keep going bro..
Congratulation amreshchandra! Your post has appeared on the hot page after 23min with 62 votes.