Long Term Strategy for Silver

Silver has clearly broken out from its bearish cycle indicated by the white down trend line . Based on the last bull run we should reach the 2.618 in about 770bars or approximately 2 years. In the short term, I expect a retrace to the .236 fib over the next few months making October a good time to enter the market at around $18-$19. Furthermore, Rsi and Macd seem to be reversing, so it's possible the short term retrace has already begun. Set the date and check this post and the price of $SLV around Oct-Nov for a good entry point. Good luck and remember to hit the like/follow button if you agree with this idea!


Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.