Hey Silver Bugs!
In Silver, similarly, the 2016 rally up to about $21 per ounce took out the last lowest highs in the 2011-15 bear market...
But unlike gold, and more like most of the other commodities, the market drifted all the way back to (or near to) its 2015 low, just last year, just as gold was making one last pull back before launching...
Although, a new one hasn’t started, neither in gold nor silver, At worst, so far, we see a double bottom in silver prices (from 2015, with the neckline of the bottom at about $21)...
However, in silver, this bottom has not been confirmed with the higher high yet...
The short term and intermediate sequences (trends) are bullish though...
Silver bulls have chewed through a lot of resistance between $16 and $17...
I don’t see it coming back much in the short term; in fact, I continue to see silver prices drive toward $21, and end up spiking towards $30 as gold hits $1700...
But, that’s maybe over a year or two!!!
Stay ahead of the masses,
Seth Maniscalco
Founder, Crypto Wealth Coach LLC
Owner, Modern Wealth Management LP
www.CryptoWealthCoach.com/VIP
In Silver, similarly, the 2016 rally up to about $21 per ounce took out the last lowest highs in the 2011-15 bear market...
But unlike gold, and more like most of the other commodities, the market drifted all the way back to (or near to) its 2015 low, just last year, just as gold was making one last pull back before launching...
Although, a new one hasn’t started, neither in gold nor silver, At worst, so far, we see a double bottom in silver prices (from 2015, with the neckline of the bottom at about $21)...
However, in silver, this bottom has not been confirmed with the higher high yet...
The short term and intermediate sequences (trends) are bullish though...
Silver bulls have chewed through a lot of resistance between $16 and $17...
I don’t see it coming back much in the short term; in fact, I continue to see silver prices drive toward $21, and end up spiking towards $30 as gold hits $1700...
But, that’s maybe over a year or two!!!
Stay ahead of the masses,
Seth Maniscalco
Founder, Crypto Wealth Coach LLC
Owner, Modern Wealth Management LP
www.CryptoWealthCoach.com/VIP
