Another massive bear channel on a longer term. We are not in a bull market yet. still looking for another leg down. Too much hype and positive sentiment on Silver and Gold.
The FED is about to confirm an easing cycle after raising rates 2.5% (not enough to cut and fight recession) after having near zero rates for a decade AND not being able to return to pre-GFC balance sheet levels. There is over 15 Trillion of negative yielding bonds. Multiple CONTINENTS are shifting into monetary easing. Central Bankers are discussing NEGATIVE RATES ON BANK ACCOUNTS, which is a form of confiscation that typically occurs with capital controls where you cannot get your money out of retail banks.... Here you are, in SEPTEMBER right before precious metals get a bid in winter uptrend seasonality saying that silver is going to break down to what? Your arrow points to $12? I hope so, that way I can buy more with my income. You are wrong bud. Good luck!
GregTheSpider69
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God I hope your right, I would love to buy silver at 10 dollars a pop.
UnknownUnicorn1300833
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Might be better if you learn to draw a proper trendline, the rule of 4 and all that...
bossmodetrader
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@iminlovewithscarlett check the charts again and look
Byte91
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Huh, $12? I don't think so. I am buying a sh!tload of physical at 16, hopefully it will get there.
bossmodetrader
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@Byte91 yup. Went right to $12. Forgot to rub it in your face. Bought in at $13
Byte91
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@bossmodetrader, lol, so it dumped to $12 in some scamdemic panic selling, I will give you that, that wasn't something I counted with... I bought the cheapest physical (coins) at my level. You couldn't buy shit for lower price, it either wasn't in stock, or it was like for 100% premium. I am not interested in paper trades, but good for you.
awh2830
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Your upper boundary trend line is skewed, We've already broken out of the multi year bear market. Any downmoves should be bought up.