The Historical Volatility trend is identifiable across the Dow Jones (DJI), S&P 500 Index (SPX), & other markets - Increasing as prices decline, These markets reduced 20%* from their previous ATH in January, 2020. SILVER dropped in proportionate value to the relative high as well.
If US Markets decline a further 50-60% from current levels, the value of SILVER is likely to decline to the key area of $4.00 - $8.00; The Fibonacci Retracement levels provide accurate support/resistance lines for purchasing assets as valuations drop correspondingly.
Keeping a close track of ALL markets is very important to identify when a bottom is reached, or nearing. Fibonacci levels also provide insight into higher price trends upon returning to a bullish market sentiment.
Current Buy Target Aim: $7.50 and under. Current Sell Target Aim: $110.00 and above.
Est. 13-20x Return on Investment.
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UPDATE: Current Buy Target Aim: $9.50 and under.
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This is a crucial point - Sentiment is likely to have switched, although we should continue to watch for further signs. If this is the case, Buy Target would need to reset to a higher position. Congratulations to those who caught around $11.00, I missed this opportunity due to a lack of financial knowledge.
This would cancel out the bear-market thesis. Further signs needed.
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Market appears to have reversed, refer to sell target.