Silver is giving several buying signals. It looks like silver isn't aloud to go under the 16 mark... (Hold in mind, I could be wrong)
Look to the volume. A large position was taken in around 16...could mean something for a (temporarily) bottom in the market... Fundamentally silver could be a very, very good best investment for 2017. E.g. people in India will look to other saving possibilities besides fiat currency and gold. The more you restrict people in India and threaten to confiscate gold and forbid to use the 500 and 1000 rupee banknote, (And introduce the 2000 banknote.. hello here comes inflation) the more they, the savers, will look to alternatives. One could be silver!
Also the use of silver in solar panels increases and solar is a booming industry.
The latest BIG news is the development of a new energy lamp which can take care of the power supply (in) at your home. This new lamp uses silver and forms the backbone of this new device!
Besides the downwards market manipulation from a central or local bank, the fundamentals of silver are superb!
Look to the volume. A large position was taken in around 16...could mean something for a (temporarily) bottom in the market... Fundamentally silver could be a very, very good best investment for 2017. E.g. people in India will look to other saving possibilities besides fiat currency and gold. The more you restrict people in India and threaten to confiscate gold and forbid to use the 500 and 1000 rupee banknote, (And introduce the 2000 banknote.. hello here comes inflation) the more they, the savers, will look to alternatives. One could be silver!
Also the use of silver in solar panels increases and solar is a booming industry.
The latest BIG news is the development of a new energy lamp which can take care of the power supply (in) at your home. This new lamp uses silver and forms the backbone of this new device!
Besides the downwards market manipulation from a central or local bank, the fundamentals of silver are superb!