anthony.pham00
Long

Are we looking at Silver's bottom?

COMEX:SI1!   SILVER FUTURES
240 0 4
My previous analysis indicated that Silver             could fall to 15, 12 and bottom at 9.
This was based on looking at Yearly, Monthly, Daily charts . All indications were that silver             was not moving away from its downtrend.
Now if you observe all the charts - yes silver             is still in a downward spiral until you check the daily and it is clear that silver             is forming some support and and a possible rebound.
In the chart below, I've noticed that the previous trend lines established between 2002 to 2009, which silver             rebounded off to form new higher and more bullish trend lines were eventually re-tested.
Look to where we are at now and it's clear that we are seeing a massive bounce off the previous lows and support.

Thoughts?
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out