FX_IDC:XAGUSD   Silver / U.S. Dollar
The graph shows the classic economic cycle of a financial instrument. It consists of four parts (expansion - boom - recession - depression)

Silver broke through its strong trend line , as well as the MA 200 crossed this called Death Cross - this means a trend reversal and we are in the Depression zone.

We touched the support line in the $ 13.9-14 zone and didnt break through and go to the resistance line and now we are moving towards the resistance line of the blue triangle and there is also a black resistance line. Most likely we will test it and continue to move down.
Comment: tested resistance line

Related Ideas

You must work for the federal reserve manipulating monetary policy to your desires.
Silver Yearly Average 1792 to 2018 https://ibb.co/MgPQ25g
Dether (DTH) will be the first wallet from where you could buy Petro coins from Venezuela.
why do you call long on this trade when you say its going down?
+5 Reply
EXCAVO v1ghter
@v1ghter, ups
+2 Reply
@v1ghter, first up he says
+1 Reply
LTC is the new silver :P
+1 Reply
OBR Zenter
@Zenter, LTC was a new ponzi scheme. That ponzi has finished, as Charlie Lee has already cashed out. Please stop parroting his nonsense about metaphorical silver. Thank you.
@OBR, Ponzi schemes are centralized, LTC is decentralized. Charlie lee took profit on what he knew was a top.
Creator or not, it was an obvious top. The crypto market has larger manipulation than the Silver market, but not by much. LTC was modeled after Silver, that's the point. LTC has been called dead over 1000x in 10 years, so calling it dead again is nothing new to Crypto enthusiasts. LTC is fast and spendable, Silver is simply a store of value that is being manipulated by paper silver.
OBR BradTrimas
@BradTrimas, No. Silver is a store of value because it is very useful. See copy pasted wikipedia below.

The major use of silver besides coinage throughout most of history was in the manufacture of jewellery and other general-use items, and this continues to be a major use today. Examples include table silver for cutlery, for which silver is highly suited due to its antibacterial properties. Western concert flutes are usually plated with or made out of sterling silver; in fact, most silverware is only silver-plated rather than made out of pure silver; the silver is normally put in place by electroplating. Silver-plated glass (as opposed to metal) is used for mirrors, vacuum flasks, and Christmas tree decorations.

Because pure silver is very soft, most silver used for these purposes is alloyed with copper, with finenesses of 925/1000, 835/1000, and 800/1000 being common. One drawback is the easy tarnishing of silver in the presence of hydrogen sulfide and its derivatives. Including precious metals such as palladium, platinum, and gold gives resistance to tarnishing but is quite costly; base metals like zinc, cadmium, silicon, and germanium do not totally prevent corrosion and tend to affect the lustre and colour of the alloy. Electrolytically refined pure silver plating is effective at increasing resistance to tarnishing. The usual solutions for restoring the lustre of tarnished silver are dipping baths that reduce the silver sulfide surface to metallic silver, and cleaning off the layer of tarnish with a paste; the latter approach also has the welcome side effect of polishing the silver concurrently. A simple chemical approach to removal of the sulfide tarnish is to bring silver items into contact with aluminium foil whilst immersed in water containing a conducting salt, such as sodium chloride.
Main article: Medical uses of silver

In medicine, silver is incorporated into wound dressings and used as an antibiotic coating in medical devices. Wound dressings containing silver sulfadiazine or silver nanomaterials are used to treat external infections. Silver is also used in some medical applications, such as urinary catheters (where tentative evidence indicates it reduces catheter-related urinary tract infections) and in endotracheal breathing tubes (where evidence suggests it reduces ventilator-associated pneumonia). The silver ion is bioactive and in sufficient concentration readily kills bacteria in vitro. They interfere with enzymes in the bacteria that transport nutrients, form structures, synthesise cell walls, and bond with the bacteria's genetic material. Microbes cannot develop resistance to silver as they can to antibiotics, and hence silver and silver nanoparticles are used as an antimicrobial in a variety of industrial, healthcare, and domestic application: for example, infusi

LTC was very useful for making a clever man very rich. The end.
+1 Reply
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