Currently looks like a breakdown and backtest. Watching for success/fail.
From a purely technical standpoint, the 2 month chart is reflecting that this interim top is in and a significant long-term decline is in the offing. This is a study. Compare and contrast the two major events. History is your friend.
The 2 hr. silver depicts breakdown with the 50, 100 and 200 day simple moving averages beginning to rotate and roll over. Longer timeframes are reflecting similarly.
Has Silver finally got out of a bear market for the next run?
Betting on laggards is like hoping to get drunk by being late to the party.
The silver futures (COMEX:SI) in its 2-hour chart shows a potential reversal formation. Follow with us what to expect from SI for the coming days.
Silver daily has gone parabolic and is rapidly approaching resistance.
Lots and lots and lots of resistance. Indicators and history suggest longer term SILVER is headed down, and it's a long way down to trend.
Silver appears to be headed back toward its major support at $13.00, from where it will likely bounce and continue in its current consolidation pattern...until it doesn't. Currently trading at $14.09.
Silver needs to break through a series of strong resistance zones in order to continue uptrend. First off there is the horizontal resistance from around $16.05 to $16.25 which intersects with the bearish trendline from the 2016 high. Price was rejected after entering this zone the last week of January. Pending price breaks above this zone it is faced with the...
Will be updating with broadmarket metals info.
Idea for MOEX (Moscow Exchange) future dollar-ruble Si-9.16
Silver markets have been in consolidation mode for over four years and that looks like it is about to end. The silver market has been consolidating at the 78% retracement mark from the October 2008 low of $8.4 to the April 2011 high of $49.82. The market has been toeing the 200 month moving average for support and the 50 month moving average as resistance. The...
Silver on the daily time frame is now at the lower range and looks ready for a bounce back up. As you can see the shape of the range is a bullish wedge. Meaning: a high chance to break to upper range and continue in an upwards trend. How ever as you can see theres still a bit of space left. My prediction is that after going to the upper range, there will be 1...