Investing
Haven
No Result
View All Result
Wednesday, May 31, 2023
  • Login
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
stock market tips >>
Investing
Haven
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
No Result
View All Result
InvestingHaven
No Result
View All Result

Silver: This Giant Bull Flag Will Be Fuel For The Big Explosion Of 2023

by Taki Tsaklanos
March 25, 2023
in Silver
0
Tags: SILSILJSILVERSLVsymbolsXAGUSD
silver bullish
1.9k
VIEWS
Share on FacebookShare on Twitter

Silver is about to test resistance of a giant bull flag, one that is in the making for 2.5 years. Rest re-assured, resistance is resistance until proven otherwise. More importantly, however, is the breakout that eventually will come, it will be explosive and push silver much higher, ‘in no-time’. But, didn’t we say all this, countless times, referring to our silver forecast?

Last week, we were on record stating that fear is rising and Gold & Silver Will Be Obvious Beneficiaries:

Gold is strongly correlated with Treasuries. It is also inversely correlated with the USD. What we see unfolding in markets right now is resistance in the USD. Since Thursday, we also observe a rise in Treasuries. Both suggest that the market believes that Fed MUST stop its aggressive hiking campaign.  The TLT chart confirms a bottoming formation in Treasuries. Not a regular bottoming formation, but a really strong one.

When Treasuries are in an uptrend, gold and silver tend to follow.

Treasuries are moving higher right now. Sooner or later, they will unleash sufficient ‘intrinsic power’ for precious metals to create their own uptrend.

In the meantime, we get a very interesting setup in silver now.

Rest re-assured, it is matter of time until silver will erupt. What an eruption it will be once 23 USD in SLV (not spot silver) will be cleared.

The silver chart (both SLV and spot silver) have a giant bull flag that is in the making for 2.5 years now. One thing we know from history is that the longer the bull flag, the more explosive the power once the bull continues its upward trend.

Equally important is the chart dynamic that is playing out right now. As seen, the key retracement level is being tested ‘as we speak’. The falling trendline that originated in the summer of 2020 is now very close to the key retracement level. You know what this means: if 2 crucial chart dynamics coincide on the timeline, it becomes easier for price to overcome them. This also implies that, once done, there is power tremendous as sellers got the message from the market.

Junior silver miners will react to this, they are already starting to react to the coming breakout in silver that is truly inevitable, as evidenced in Junior Silver Stocks: A Triple Bullish Signal, ‘Under The Radar’ Wildly Bullish.

Our silver position in the Momentum Investing portfolio, a pure beauty, is doing really well. The upside potential is tremendous. This week, we wrote this gold & silver update to premium members, available in the restricted area for any (current or new) member: Leading Indicators Look Promising & Selection Of Top Gold/Silver Stocks.

Receive our weekly newsletter.

*We hate spam as you do.

premium service trade alerts   premium service trade alerts   premium service crypto teaser  
WARNING: InvestingHaven.com, our site, is not affiliated and has no connection whatsoever with Invest Haven Group on Invest-Haven.com or Investing-Haven.com. InvestingHaven.com did not have and will never have sales reps. Do not accept financial offers, certainly not by telephone, this is why >>
Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

Latest

nasdaq

Enjoy The Party But Watch Out June Won’t Come With A ‘Happy End’

May 28, 2023
breakout icon

The Most Important Chart Of 2023 (updated)

May 28, 2023
market sentiment

Value Stocks Lagging, Growth Stocks Leading? Wrong, 5 Stocks Leading.

May 28, 2023
xrp bull market forecast

XRP: The Most Beautiful Long Term Crypto Chart Of 2023

May 28, 2023

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto

Site Navigation

  • RSS Feed
  • About us
  • Mission 2026
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • InvestingHaven vs. Invest-Haven
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2023 InvestingHaven

No Result
View All Result
  • Premium Investing Service
  • Premium Trading Service
  • Premium Crypto Service
  • 2023 Forecasts
  • Stock markets
  • Commodities
  • Lithium
  • Silver
  • Crypto
  • Login & MyAccount

Copyright © 2023 InvestingHaven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

    InvestingHaven.com honours your privacy. Read our Privacy Policy