price should continue down the next 2 weeks
Seasonal highs are on the way, we need to break up or down at this point and i see it breaking up, imho
Tax bill inflation and deregulation, leads to PM accumulation. Must break the MA and blue trend line.
It is likely that a break out of trend and beginning of a new cycle could begin soon with a bull market for PMs beginning and sustaining throughout 2018. Crypto bubbles are popping, debt and optimism are at all time highs, more people than ever in US history are a single paycheck away from disaster, dollar value falling, USDJPY falling, volatility at all time lows...
Similar setup to 2009, similar economic conditions, similar patterns, just a stretched out slower version.
Just my guess at where XAGUSD will be for the near future
Credit to EdTheLorax for teaching me this pattern
For now silver looks to stay around 17 by the end of the year, long term support looks promising. Plenty of time to get in before the next bump UP ;) Headlines to watch for bull; Federal Reserve headlines, china buying oil from saudis and market bubbles