Viking83
Long

Silver's fight into the official bullmarket

FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver             has managed to cross the bear-market line and it is now also working to break the ICL neutral line.
Sustaining above the red level officially put silver             in a bull market and it will lead the way for gold             into the official bull market. This will lead to a rally in silver             .
Then one can say that the bull market in precious metals is officially "ON" and say that it started in December 2015.
Comment: Silver fell to its lower part of the wedge after hammering a bit on the resistance, but is now on the way back up with renewed motivation. The USD is overdue for its ICL. This time I think silver will crush the bear market line.
Silver was pushed back below the red bear market line due to a USD that is struggeling of not entering its bear market. The central banks can intervene as much as they want to try to weaken their currencies, but all research show that central bank intervention is meaningless and costly. The market forces will eventually break down the USD and commodities will prosper. Silver is now consolidating and working off overbought conditions. It will be successful on its next or third try.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out