TradingView
Patrikas10
Mar 1, 2019 9:48 PM

Silver multi-year accumulation still in play 

SILVER (US$/OZ)TVC

Description

We already have double bottom in monthly chart.. Although I believe we are going to see 10-12$ range before starting strong up trend.

I'm not going deep in fundamentals of why it cannot reach that target. Odds would be against me.

BUT if we cannot break 16.20$ and close higher on monthly, 10-12$ is on the cards TECHNICALLY. Even if we do not crush recent lows, very positive times coming for silver and precious metals in general. Smart money were accumulating silver for over 5 years (look between blue lines).

Hope you got something useful out of it!
More