SILVER: IRO 2008 Financial Crisis

TVC:SILVER   CFDs on Silver (US$ / OZ)
Hi Guys,

here it's where Silver is in respect of its position prior to the 2008 Financial Crisis.

Please watch the RSI and note the shift in sentiment that has been persistent since 2014. Silver has been in Low Sentiment for the last 5 years.

Sentiment was runnung high before the 2008 Financial Crisis but fear drove money out of other markets into safe havens and Silver followed simply the same path that drove Gold at 1.900.

However, since then, the more the dark clouds of the Financial Crisis were dissipating, the more the price of Silver was returning to the same level of the 2008 Financial Crisis (4avg$10).

In 2016 Silver was supported at $14. At the end of 2018 price was supported again at $14 and therefore might have formed a double bottom .

A bounce and a pull back from $14 was happening in the last three months of 2018 and the first 3 months of 2019.
From 14$ to $16 in 5 months (Oct-Feb) and then to 15$ in 1 month (March).

Sentiment may not be right AToW on the montly chart but the bounce is still supported at $15 and the weekly chart shows signs of shift in sentiment from low to high.

Here a preview:

Have a look at the related ideas linked below too for TA of Silver in different timeframes.

Thank you for your support and for sharing your ideas.

Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.

Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

Comment: NOTE SMA
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out