The ( ) shows the green line rising above the purple signal line which indicates short-term momentum on a monthly basis. The green line is also above the 50 level which is the midpoint of the total range(0-100). In general, price is considered to have momentum when the is above 50 and momentum when below 50. In general during an uptrend, you want to see both the green line and purple signal line both rising and trending above the 50 level. The purple signal line is just below 50, but it is slower to react to short-term price movement than the green line but it should begin to drift up and above 50 after this months record month for silver price.
The Price Percent Oscillator( ) shows the green line rising above the purple signal line, and both lines are trending above the 0 level. When the green line is rising above the purple signal line it indictes short-term momentum behind price. When both lines are trending above the 0 level it indicates momentum behind price in the intermediate-term.
The ( ) shows the green line above the purple line which indicates a short-term postive trend hind price. When the green directional line is above the purple directional line it is considered for price trend, while the purple directional line above the green directional line is considered for price trend. The histogram behind the two directional lines represents trend strength. When the histogram is green and rising it indicates increasing strength in an uptrend. When the histogram is purple and rising it indicates increasing downtrend strength. For now the reading is showing a shift to a bull trend in price with the green directional line above the purple, but due to the swiftness of the move in price it has yet to reflect in the histogram which should begin rising soon.
Overall, the view on silver remains with the opinion that silver will outperform gold during the current bull market that is taking form. Silver had severely lagged gold this year in price gains until this past week and is now rushing to make up for lost time.
Current holdings remain to be: GPL , HL, EXK , AG, KGC , MUX , CDE , NGD , GDXJ , GDX and physical silver .
LETS GO JULY!!