I noticed this today (4 July 2023) and thought I'd share it with the community. I see bullish and bearish indicators both at play, but this could be a good thing.
I expect a big move on this metal. Not sure when, but I'm already increasing my holdings of it.
Looking back on the chart, massive climbs were often preceded by abrupt dips. Stay shark.
Show me $4.50/lb copper. I'm ready for it. A bull run could top far higher than that too. I think $4.50 is a very conservative speculation. DYOR. I go strictly by the charts.
If the markets continue to allow the metals to perform, copper could EASILY fly to $4.75 or higher in less than a year. DYOR Trade Slick
The further I look back on the Silver chart, the more I am convinced of this scenario (though it is not guaranteed), and I see $27.70 (ish) as a strong support level. If it holds, I see ~$33 as the next movement. I go strictly by the charts. Politics and Monetary Policy could affect this scenario GREATLY. DYOR. Trade Slick.
<3 A correction is due. If it comes late, I'm not surprised. If it comes soon, I'm not surprised. If Silver climbs even HIGHER before it comes, I'm not surprised. Doesn't matter. What does matter is what price point is its new 'bottom' and what it does after it touches that point. I'm watching. DYOR. Trade Slick.
Multiple support levels below current price are pretty strong. A lot depends on where the next few weeks take us. I see March as a possible reversal time or a possible turn to the downside. The Fed's decisions throughout the year will have an impact on silver's behavior. DYOR.
I see this route upward as one of the possible scenarios going forward. Judging by prior performance, I wouldn't be surprised by some short-term volatility. DYOR. Trade Slick.
Prices of gasoline always seem high but how high might they become? Would you drive places often if gasoline was $0.25 per gallon? How differently would answer that question if gasoline was $25.00 per gallon? Food for thought. Take care of your legs. DYOR
Keep in mind that this chart is priced in USD. A dollar is a dollar. This pattern looks bullish to me. Big time. DYOR. Trade Slick.
It's looking bullish to me, Cotton. Holler out to all the Kyles and to Kylekoin
I would not be surprised if silver hits $33 then $41 and in just a few months/years.
If CAPITALCOM:SILVER stalls, it can't stall forever. I see future dips to be trampolines towards the upside. DYOR. Bounce safely.
I'm seeing now the 1-year target as $2.06 which seems to fit this chart pattern. I think we could see some action on it similar to this.
Silver has ingredients for an upward move over the next few years and decades. Timing is everything. DYOR.
Metals have their own trends, especially when found and mined together in nature. I see a nature rhythm on the one-month chart here likely to result in copper climbing compared to gold. CAPITALCOM:COPPER OANDA:XAUUSD AMEX:CPER AMEX:COPX DYOR. Trade Slick.
How much food can an ounce of silver get you? Looking at varying moving averages, I see silver soon making a step up against the price of food. I could be wrong. DYOR. You should not eat silver. Eat food instead. Trade slick.