This would be the bearish case for silver:
Triangle pattern broken to the downside. Price quotes are under the 50's MA. Target for this case according to the height of the triangle would be ~17 USD / Oz..
According to inflation and so on it would be a rather unlikely scenario, but the market does what the market does.
STANDARD VIEW TO APPRECIATE THE MAGNIFICENT AND UNSUSTAINABLE RISE IN SILVER VALUE
in my opinion this is a simple ABC correction, that has yet to finish its 5 wave sequence of the final C leg.
i believe we are embarking on wave 3 of 5, which is the wave with the greatest impulsive motif, in whichever direction it moves.
im expecting lower lows.
an...
