smaniscalco
Long

The Path of Silver to $30

COMEX:SI1!   Silver Futures
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

http://www.CryptoWealthCoach.com/VIP
Stay ahead of the masses,

Seth Maniscalco
Founder, Crypto Wealth Coach LLC
Owner, Modern Wealth Management, LP

http://www.cryptowealthcoach.com/VIP
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