XAGUUSD (SILVER) Long
Dear: Traders/Investors
I am taking position on SILVER for the following confluences mentioned below.
1. Silver is running out of "Supply" and the "Demand" is gathering up for this undervalued metal to surge higher.
2. Silver met $12.00 lower major zone after 10 years, previously in 2009 Silver was trading through 2006-2009 before SILVER rallied up after Market Crash!
3. Silver in TA perspective of direction is LONG to $20 (mid term) - The reason why Silver dropped during the month of march 2020 was due to DOW JONES INDEX crashing 2000 points short, causing major sell off on Commodities. But since then Yellow METAL & SILVER has recovered with a new structure of Bullish Trend.
4. The ratio of differences between silver and gold, “silver is mostly used in industries” the demand is going to increase as miners are running low on silver
5. Robert Kiyosaki mentioned about silver will be in demand to go long 10 years ago in his book “financial prophecy” if I have to be correct due to the fact that we have mined too much silver
6. In TA, silver still have long way to go to hit $50 per oz ( I would say give it few more months to 2 years )
7. Consumers are less using silver in terms of Jewels versus Gold (That creates a less consumers spending in silver versus gold)
8. Silver price is heavily affected by industrial sectors, and as we can identify the fact Miners no longer can produce large volume of Silver will raise stakes for Silver Market, could this be the next SAFE HAVEN ASSETS?
I am taking this trade with
1:5 RR
HODL%
Share your thoughts if you agree or disagree.
Either way we are learning from the current market crisis and there's so much more to learn.
I am taking position on SILVER for the following confluences mentioned below.
1. Silver is running out of "Supply" and the "Demand" is gathering up for this undervalued metal to surge higher.
2. Silver met $12.00 lower major zone after 10 years, previously in 2009 Silver was trading through 2006-2009 before SILVER rallied up after Market Crash!
3. Silver in TA perspective of direction is LONG to $20 (mid term) - The reason why Silver dropped during the month of march 2020 was due to DOW JONES INDEX crashing 2000 points short, causing major sell off on Commodities. But since then Yellow METAL & SILVER has recovered with a new structure of Bullish Trend.
4. The ratio of differences between silver and gold, “silver is mostly used in industries” the demand is going to increase as miners are running low on silver
5. Robert Kiyosaki mentioned about silver will be in demand to go long 10 years ago in his book “financial prophecy” if I have to be correct due to the fact that we have mined too much silver
6. In TA, silver still have long way to go to hit $50 per oz ( I would say give it few more months to 2 years )
7. Consumers are less using silver in terms of Jewels versus Gold (That creates a less consumers spending in silver versus gold)
8. Silver price is heavily affected by industrial sectors, and as we can identify the fact Miners no longer can produce large volume of Silver will raise stakes for Silver Market, could this be the next SAFE HAVEN ASSETS?
I am taking this trade with
1:5 RR
HODL%
Share your thoughts if you agree or disagree.
Either way we are learning from the current market crisis and there's so much more to learn.
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