{"id":375360,"date":"2016-07-05T19:12:22","date_gmt":"2016-07-05T23:12:22","guid":{"rendered":"https:\/\/goldtadise.com\/?p=375360"},"modified":"2016-07-05T19:28:57","modified_gmt":"2016-07-05T23:28:57","slug":"silver-daily-obv","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=375360","title":{"rendered":"Silver Daily: OBV"},"content":{"rendered":"

The idea behind On Balance Volume (OBV) is that “volume precedes price” – so if a security is showing an increasing OBV indicator it is a signal that buying pressure (volume) is increasing on upward price moves.<\/p>\n

Joseph Granville, who developed the metric, believed that when volume increases sharply without a significant change in the stock’s price, that price will eventually jump upward, and vice versa.<\/p>\n

In the daily Silver chart I recently posted (posted again below), we can see that a breakout in the OBV indicator led the eventual price breakout above the $18.00 level by approximately 2 months.<\/p>\n

\"Silver<\/a><\/p>\n

Taking a step back and looking longer term for Silver, we can really see that what OBV is indicating momentum-wise is truly astounding.\u00a0 With price presently at $20, OBV is already displaying breakouts above buying-power levels associated with previous price peaks at $21.50, $35, and $38 – $44!\u00a0 Just more evidence that we have hopped aboard a historically mammoth wave in the making…<\/p>\n

\"Silver<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The idea behind On Balance Volume (OBV) is that “volume precedes price” – so if a security is showing an increasing OBV indicator it is a signal that buying pressure (volume) is increasing on upward price moves. Joseph Granville, who … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2769,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-375360","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/375360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2769"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=375360"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/375360\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=375360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=375360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=375360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}