Right now a thousand pounds of silver might get you a house. What if you could get that same house for 200 pounds instead. Timing. DYOR. I go strictly by the charts.
Just looking at things... Watching the CPI over the long term has me thinking about what to do with any leftover money.
The dollar is not designed to thrive. Watch the FOMC meetings this year. DYOR.
Looks like it's time to bake some cake. Do your own research. I go strictly by the chart.
Pattern setting up for an upcoming rally. If it flops, it could drop to below $22
I see CAPITALCOM:SILVER soon approaching the $25 area. If it climbs past $29, it could keep going. If Silver drops below 22.50, it could drop further before retesting this scenario.
Just a thought: if copper behaves as it has before, we could see it at $7-$8 per pound.
Very evident pattern on the long term. If this pattern continues, I expect precious metals to perform well over the next few years.
If silver keeps following its recent patterns, I see it climbing up above $27 with a good chance of overshoot. I will keep an eye on Oil, Gold, Copper, SPX, and DXY and update as this progresses. If Silver drops too much below $22, this scenario might be void.
A good dip is always fun right before some upward action.
These are the main support levels I see (not advice of any kind, just looking purely at the charts). I will likely soon make a resistance level idea too. I wouldn't be surprised if silver took a couple steps down before resuming a bull run, but I also think the buyers are present, and I wouldn't be shocked if we woke up to $27 silver.
The 1-minute and 5-minute charts are presenting patterns I know I've seen before.
Big Picture. Open your brain. Those dollars in your pocket. What do they actually mean?
There is only so much metal on this planet. This metal has been traded for millennia. I will never have enough of it. I see $27.75-$29.25 as the trigger zone for a greater potential upside. I wouldn't be surprised if we saw a sub-20 dip before that happened.
Silver has been eyeing some leaps lately. I still am ready for a dip, but I also know that dip is not guaranteed to even happen. I see $32 as the next ball park range for silver compared to these $24 days. Let me know what you think. I'm only one brain.
I could easily be wrong here, but it looks like silver has upward in store no matter what.
Silver testing some boundaries to get a feel for its position. I see a handful of scenarios likely, but all of them point to some big time moves. A correction may be due, but the overall trend appears upward to me.
I have drawn 4 rough ideas of what I think silver might do in the next few weeks. Totally just brainstorming here. Let me know if you agree with any of the lines or have your own idea.