Revisiting SILVER and well... this is looking very SPICY! My last chart in July 2020 was spot in with the spike from 18- 30 dollars. Now we are sitting at approx. 27 dollars. Where do we go from here? UP! The previous old chart had a bearish Crab pattern, but this seems more like a bearish SHARK Pattern which is trailing a MONSTEROUS bullish Butterfly pattern. The support at 27 is real and very strong. When this takes off it will be too late to respond. In turn, this rise could signal other down turns in other areas such as banking sectors (so be aware if you are invested there). Now understand, this is PAPER SILVER. I invest in Physical Silver. Paper Silver may not deliver the return if it shoots up as expected.... but physical silver cannot be denied. Take Heed.
I have noted an intermediate target here, but the real target (IMO) is around 64-66 dollars/ oz. Yes it sounds crazy, but I am just looking at the patterns. The day is upon us.
The chart 8 months ago was correct...and I feel confident in this one as well. Looks like the time to be in SILVER (the physical kind)! CHEERS! If you find value please THUMBS UP! Thanks
Trade active
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Silver remains on track to this chart.. holding the support.
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This is an older chart, but silver still looking primed.
Silver is an industrial metal. Industry drives its price. Not charts. It will hit ~$65 ounces, certainly. That's in five to ten years. -- Longtime silver stacker with a full safe. Silver is a long game, not a get-rich-quick scheme.
Moorsc0de
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@travis30460, Certainly ......this is why the arrow extends out over YEARS. I do not include time cycles on the public charts. However there will NEVER be physical Silver priced at less than 27 dollars after next 6mo to 1 yr. In fact premiums already have it at 33 (cheapest). Paper contracts on silver are only derivatives and IMO they do not reflect the actual price or availability of an industrial metal. Which means this chart (to your point) means nothing. It is only a graphical display to illustrate demand- and even then its already discounted in price IMO. People who have Physical silver in their possession are the only ones who can actually prove what they have to obtain value for it. Further IMO- Paper derivative contracts will not be honored when things begin to appear to unfold fiscally, or the paper contracts will be discounted (even further than what they are now) to the point where it was never worth having the paper silver in the first place. Silver is already worth more than what is displayed on this chart as this is only PAPER SILVER (not physical). Physical silver in a time of crisis wouldn't fit on this chart at all :)
Moorsc0de
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@travis30460, Also see the attached reference chart from 2020. I used a 4 month chart on that prediction- and here we are today :) Silver moves faster than people think, but definitely not a cryptocurrency ...It is for the long game. Many assets are for true heavy gains.
UnknownUnicorn16075444
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thanks , but I couldn't understand what is the deffeence between investing in paper and phisical silver. in my case , I have opened a silver account in my bank , and purchased silver within my bank… do you advice to avoid this way too and buy only phisical silber . regards
ram4nd
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@ibrahimalaabed, paper silver is something that doesn't actually exist. SLV for an example, you can't get your physical silver from them when you ask because they have paper silver.