Silver shot up to resistance several weeks back but dropped hard testing support. My expectation was that if silver once again failed to break out to a higher high, it could break out of the pennant and drop, building a bear channel.
It appears that silver is now set up for another three week test of the high. As the arrows point out, the last three times we...
Silver has again reached its crucial lower range end and is in a serious demand area around the $16 area on top of a Daily Trendline and area of support. It also sits atop the 23.6 of the larger move, price tends not to drop below here in recent history look for a Long entry with your stoploss below the 23.6
Price is in a Weekly Wedge and very likely to break out...
fOR mE In 5 to 10 YEaRS
Silver Prices Can Be 2x 3x or more like 10x.
This can take LOOOOOOOOOONGGGGGGGGGG TIMe..
So Buy Collect Forget...
Biggest Bubble Of Central Baking And Stocks... Biggest Bubbble....
Assuming 4% annual at 25k, YOY growth, and we have price target of around 55 000 Dow Jones in 20 years (2038)
Dow measured in real commodities, like XAGUSD, and XAUUSD is very strong right now. One can interpret this chart two ways: First, measured in PM's the DOW has been in a downtrend since 1999 - 2000 and this rally is a in fact a bear market rally or ......
Trade Pair: XAG.USD
Time Frame: Daily
Predicted Direction: Long - No Current Trade Opportunity
XAG.USD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Prices for silver rose sharply on Wednesday, updating local highs since February 2, 2018. The reason for the acceleration of the "bullish" trend was in technical factors, as well as the weakness of USD, which remained without support from macroeconomic statistics on Wednesday.
By the time of the close of the daily trading session, the instrument...