Silver looks to have bottomed quite some time back in 2015, the past year has been strong, while further ranging is a possibility I believe that $20, possibly even $23-25 is possible in the next 2-3 years.
At a glance the Ichi on the daily and weekly look neutral/bullish, while we have a neutral/bullish bias from Ichi on the monthly with a decent edge to edge trade setting up over the next couple of years.
Silver may be physically bulky but it is looking to do better than leaving cash sitting in a savings account. For the more practical among you check my following GLD chart.
Depending on how you draw the Fib we either are bumping up against the .78 level from the bubble top or have not quite yet reached it.
Finally the HA candles are leaning bullish.
We are below the cloud so some caution is warranted, but IMO worst case is a sideways to slightly upward market over the coming years.
Fractals don't tell me much on the monthly other than a reasonable location to place a stop.
Been liking silver since $14. Dipping under that was pretty crazy.
At a glance the Ichi on the daily and weekly look neutral/bullish, while we have a neutral/bullish bias from Ichi on the monthly with a decent edge to edge trade setting up over the next couple of years.
Silver may be physically bulky but it is looking to do better than leaving cash sitting in a savings account. For the more practical among you check my following GLD chart.
Depending on how you draw the Fib we either are bumping up against the .78 level from the bubble top or have not quite yet reached it.
Finally the HA candles are leaning bullish.
We are below the cloud so some caution is warranted, but IMO worst case is a sideways to slightly upward market over the coming years.
Fractals don't tell me much on the monthly other than a reasonable location to place a stop.
Been liking silver since $14. Dipping under that was pretty crazy.
Comment:
Silver still a little rangey here, but still long term bullish.
Comment:
Still bullish long term even if it's largely flat.
