Concerning Silver News?

Concerning Silver News?

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happy to help now let’s get into the
video here is today’s headline for the
Silver Price Forecast silver remains on
the defensive below
$27.50 on easing Middle East tensions
now let me ask you something do you
think Middle East tensions are going to
continue to ease on by and everyone just
starts throwing White flags and holding
hands no it’s going to continue to
escalate which is going to push silver
prices and everything right back up
every everything pushes and pulls
precious metals prices to different
degrees maybe the dollar Index is one
percentage and and stock market
volatility is this percentage gold is
this percentage Bitcoin is this
percentage the fomc meeting or the the
week leading up to it is this percentage
and tensions geopolitical fears and all
that you know fear uncertainty doubt
everything is pushing and pulling things
to different degrees so we will cover
this article but I have to give more
context because there’s more than just
Middle East tensions happening that’s
affecting the price for example this
article that came out from FX Empire
titled Silver Price Forecast silver
markets break down going into central
banks around the world continue to flood
the markets with liquidity which is one
of the drivers of not only silver but
gold to go higher and since we’re
already talking about politics why not
also dive into just a chart breakdown
forecast with some expected scenarios
and some trading ranges to keep our eyes
on as well so I wanted to give the full
wrap around so we have the best idea of
what’s happening because you could look
at this angle or that angle of silver or
what’s affecting the price but if you
don’t look at all the angles you’re
missing a large piece of the puzzle so
going back to this first article it’s
talking about how silver remains on the
defensive below
$27.50 on easing Middle East tensions
here are some of the key points silver
price turns red around
$27.30 on Wednesday despite the weaker
US dollar which is pretty interesting
because usually the dollar Index and
precious metals have a negative
correlation but right now times are
crazy you can’t expect anything to be
acting normal in today’s economy a
relaxation in Middle East geopolitical
tensions drag silver price to twoe lows
the rising demand for the white metal in
industrial uses supports silver and that
is a good point to take note of is even
with something affecting the price like
uh things are getting better across Seas
or whatever which would be affecting the
price negatively you still have other
components other factors that will hold
the price up at these levels if there
was no silver shortage if it wasn’t used
in industry it would have kept going
down but there’s other reasons that give
silver an edge Beyond something like
gold that solely relies on a bad economy
silver trades on a softer note near
$27.30 during the early European session
on Wednesday the easing of tensions in
the Middle East and the risk on
environment cap the upside of the white
metal geopolitical tensions in the
Middle East particularly Israel and Iran
have boosted the price of precious
metals in recent weeks however those
fears have largely dissipated as Iran
and Israel have signaled they are not
interested in a wider war after attacks
earlier this month this in turn leads
traders to reduce their precious metal
positions and Fa favor riskier assets
which is insane it’s so insane to me
that people have to have something
actually go bad for them to say oh maybe
it’s time to invest into something that
protects my wealth it’s so backwards
it’s they’re waiting for a crisis to
occur for them to then jump on board
instead of prepare and be ready before
it happens it’s so crazy to me so
anyways uh furthermore the robust
economy and Rising inflation pressures
in the United States have triggered the
expectation that the usfed might delay
its easing cycle this year which weighs
on the US dollar denominated silver
investors will take more cues about
inflation trajectory and interest rate
Outlook from the first quarter gross
domestic product or GDP number on
Thursday and feel core personal
consumption expenditures or pce Price
Index the Federal Reserves fed preferred
gauge of under lying inflation due later
on Friday I know that was a whole bunch
of word salad and mumbo jumbo but
basically what it means is um pay
attention this week because there’s a
lot of things that could affect the
price so on the other hand Rising demand
for silver driven by its industrial uses
in photovoltaics semiconductors and
Electric vehicle charging along with a
significant deficit in silver Supply
might boost the white metal for the time
being according to the silver Institute
industrial demand for silver set a
record in 2023 of
6544 million ounces owing to sustain
structural gains from Green economy
applications so there you have it that’s
kind of what’s happening but there’s
also some other things happening that we
going to break down now and that’s why
you got to make sure you’re not getting
all your news from one source and that’s
also why you should be subscribed to me
cuz I will do all the hard work for you
so silver markets break down silver
markets initially tried to Rally during
trading sessions on Monday but found
trouble at the 50-day EMA again this is
an indicator that suddenly is starting
to offer more resistance than it has in
the past and it should be noted that the
US dollar got a sudden surge of momentum
as New York came online if that is the
case we would continue to see a lot of
downward pressure that being said I am
bullish of silver over the longer term
but I also recognize that getting a good
price is crucial that being said the
market could be very could very well
find itself at
$22.75 level again I do not think that
is possible I think let’s let’s hear out
first so and that’s the 38.2% Fibonacci
retracement level and an area of support
recently after that we found the 200 day
EMA coming into the picture at
$21.80 which of course will attract a
certain amount of attention after that
then we start to look at the idea the
idea of $20 level regardless I do not
have any interest in shorting silver I
think if you are patient enough you can
wait and find some type of supportive
daily Candlestick to get involved in
much more supportive areas so before we
go on to what central banks are doing to
push the price up or what they will do
to push gold and silver higher so he
goes very deep down um a rabbit hole
that is insane to think first starting
at
$22.75 I don’t think that that is
possible anymore he never mentioned he’s
talking about and I’m not trying to say
this to try to like be um to be like a
silver pump or anything I’m just being
honest just being honest we have been
sitting at
2728 silver for way too long now prices
have stabilized up here if this would
have all happened within a month or two
then yeah we could talk about that
because that’s happened before but it we
are in a different time and on top of
that now you have all of the biggest
countries focusing on Silver China was
the most recent saying that they’re
focusing on Silver now more so than gold
and then India also buying 265 more
silver or imported silver from last year
so to to to say this along with the
upcoming November election in all of
these other areas that are all bullish
for silver right all bullish for silver
to say that this is possible is highly
highly highly unlikely um if you were to
look at it like this I think it would be
swiping out the entire uh factor of the
silver shortage if there wasn’t a
shortage of silver and you just went off
silver as a monetary metal that was
stuck to whatever the dollar or whatever
the economy is doing in terms of like
let’s say gold then this this argument
could be a lot stronger but I don’t
think that this is possible I’m not
saying that gold is going to do this
either I’m just saying that to say that
that we could see an idea of $20 silver
again is highly unlikely for many
different reasons um I think there’s a
better chance that would that it could
go to
$35 before it could go to $20 now
there’s you know it of course it could
easily go past 30 before it goes down to
20 because it was already at
$29.90 last week it was only 10 cents
away from $30 which is something else to
take note of because yes there’s a lot
of resistance at $30 and he mentions
that it’s been it’s that’s been there
for a while but that’s actually the
point that makes it more bullish because
every time it’s Tred to touch 30 it
shoots back down dramatically sharply
intensely all the way back down but
these times for this past time it didn’t
it stood up there which means prices are
stable which means people are buying
when it starts dipping down they they
they keep buying because they see
silver’s value now whereas before it
would have went way back down CU that
was just some overbought territory Spike
rally that was you know a false flag it
it was really nothing but now people are
starting to understand silver’s value
more than before and that’s just my
opinion opion I could be completely 100%
wrong that’s just my opinion so anyways
central banks around the world continue
to flood the markets with liquidity and
that will be one of the main drivers of
not only silver but gold to go higher
and the typical precious metals trade at
this point in time I think it’s
difficult to short this Market but I
would not be a buyer quite yet either I
believe that this is a longer term cycle
to the upside and therefore you have
plenty of time to find Value and take
advantage of what should be a massive
move higher over over the next several
years so um I I am glad that he’s
realistic you know this is not supposed
to be a get-rich quick scheme um you
know I don’t talk about selling silver
if I ever do for another 10 15 20 years
like why what am I going to do sell it
next year for $100 an ounce and then
what just live a Fiat lifestyle again no
like the dollar is worthless like
putting fake money into real money in
putting the real money back into fake
money as the fake money is even weaker
than that is just contradiction written
all over the place so here’s another
interesting um chart we got to look at
because they go into some expected
scenarios some prices to look at so
these are for the people that like
numbers so here’s a price analysis and
this was from today actually or
yesterday depending on when I posted
video so expecting the scenario silver
price successfully reached our awaited
Target at $26.90
and found solid support there
representing the
38.2% Fibonacci correction level for the
rise from $22.26 to
$29.78 clear positive signals through
stochastic support the chances of
starting an intraday bullish wave in the
upcoming sessions targeting initial
testing at
$28 expectations lean towards witnessing
positive trades today however any break
below 2690 will halt the positive
scenario and push the price to achieve
additional bearish correction with the
new Target around 26 between so here’s
the trading range between 2670 and
2750 and now we could go into what
Silver’s actual price is in this moment
in time which is
272 so it’s looking like or
2722 so it’s looking like we still have
quite a bit of a drop to go down if it
were to break below there um you can see
this is the one we chart here is the one
month chart um so yeah there’s where we
saw it up to
$29.90 oh it actually broke above it
went to $30
and44 at one point so yeah anyways um
I’m going to wrap this video up here
hope you guys had a great day and make
sure you subscribe because I do Post
daily videos thanks for tuning in this
is silver Slayer I will see you guys
tomorrow peace for

#silverstacking #Investing #silverslayer

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