The Bottom Line:
- Long-term cup and handle pattern in gold market signaling strong move up.
- Analysis on gold and silver ratio suggesting potential for silver value to catch up to gold price.
- Potential breakout in SLV chart after long consolidation period.
- Trade opportunity with Pan American Silver showing bullish signals.
- Join Shadow Trader for more trading insights and opportunities!
Long-term Cup and Handle Pattern in Gold Market
Gold and Silver Ratio Analysis
This means that up to as of today it takes 86.8 ounces of silver to equal the value of an ounce of gold. Historically what’s interesting to me is that anytime the ratio gets this high above 80 there is generally a period of time where silver’s value will catch up in relation to the price of gold.
Potential Breakout in Silver Market
Are we now finally going to break out of this that is the big question and if gold is giving us any hints I would say that the odds of this breakout finally taking place are pretty good.
Trading Opportunities and Strategy
I have a long position initiated here and I added to it today on the break of these two weekly highs. Initiating a position here is still a viable trade with risk, maybe down here. Additionally, a proxy trade with a silver Miner like Pan American Silver could also be a good trade.
Analyzing the Gold and Silver Ratio
Silver’s Potential Value Adjustment
This means that up to as of today it takes 86.8 ounces of silver to equal the value of an ounce of gold. Historically what’s interesting to me is that anytime the ratio gets this high above 80 there is generally a period of time where silver’s value will catch up in relation to the price of gold.
Potential Market Breakout in Silver
Are we now finally going to break out of this that is the big question and if gold is giving us any hints I would say that the odds of this breakout finally taking place are pretty good.
Trading Strategies and Opportunities
I have a long position initiated here and I added to it today on the break of these two weekly highs. Initiating a position here is still a viable trade with risk, maybe down here. Additionally, a proxy trade with a silver Miner like Pan American Silver could also be a good trade.
Potential Breakout in SLV Chart
Silver Market Breakout Potential
Are we now finally going to break out of this pattern? If gold is indicating anything, the chances of a breakout seem promising.
Opportunities in Trading
I have entered a long position and added more today as we broke through two weekly highs. Starting a position here carries risk, but there may still be potential gains. Consider a proxy trade with a silver miner as well.
Potential Trade Strategies
Initiating a position at this stage remains a viable option despite risks. Keep an eye on possible adjustments while considering other trade opportunities like a proxy trade with a company such as Pan American Silver.
Trade Opportunity with Pan American Silver
Trade Opportunity with Pan American Silver
Here we have a long pattern in Pan American Silver, indicating a sideways bottoming pattern. The chart is now showing signs of breaking up into an upper zone, suggesting potential gains. Investing in shares of Pan American Silver could be a profitable trade opportunity. Consider adding to the position once the breakout becomes more convincing to maximize potential returns without risking the trade prematurely.
Exclusive Trading Insights with Shadow Trader
Insights on Trading Opportunities
I have a long position initiated here and I added to it today on the break of these two weekly highs. Initiating a position here is still a viable trade with risk, maybe down here. Additionally, a proxy trade with a silver Miner like Pan American Silver could also be a good trade.
Consideration for Market Breakout
Are we now finally going to break out of this pattern? If gold is indicating anything, the chances of a breakout seem promising. I have entered a long position and added more today as we broke through two weekly highs.
Analysis of Pan American Silver Trade Opportunity
Here we have a long pattern in Pan American Silver, indicating a sideways bottoming pattern. The chart is now showing signs of breaking up into an upper zone, suggesting potential gains. Investing in shares of Pan American Silver could be a profitable trade opportunity. Consider adding to the position once the breakout becomes more convincing to maximize potential returns without risking the trade prematurely.
