Silver Accumulation Phase - Wyckoff Analysis - 3D TF - $XAG

21 Şub 2018

Wyckoff analysis for SILVER XAG

5 years of selling between 2011 and 2016 led to a Selling Climax (bottom). An Automatic Rally followed, which set the ceiling for the accumulation range, i.e., between $18.5 and $21.

Ongoing, very long Accumulation Phase, to date. Wyckoff fundamentals suggest the longer the accumulation phase, the longer the rally.

A Secondary Test appeared during Accumulation.

Spring will kickoff breakout and rally.

Rapid hedging for the next recession may serve as a catalyst for the upcoming silver rally.

Open interest for silver has started to appear, as of October 2017.

Accumulate now.

21 Şub 2018

Not

Wyckoff Schematics:

static1.squarespace.com/static/54fed56be4b0b8a1d3d33918/t/558090a1e4b01a827bd89c51/1434488993915/Wyckoff+Schematics-+Visual+Templates+For+Market+Timing+Decisions.pdf

21 Şub 2018

Not

Silver accumulation by JP Morgan:

"Well since April 2011, JPMorgan has started accumulating physical silver at extraordinary pace. It is believed that at least 675 million ounces of actual silver is held by JPMorgan in their warehouse. That is 6 times more than Warren Buffett and Hunt brothers."

Source:

economictimes.indiatimes.com/markets/commodities/views/what-is-wrong-with-silver-this-is-the-question-everybody-is-asking/articleshow/62724314.cms

*Note: JP Morgan has heavy hands in this market. 2011 is when prices for silver started to decline, as noted above.

A future signal from JP Morgan can be considered powerful and relevant.

23 Şub 2018

Not

GPL Fiscal Year 2017 Report - released today

seekingalpha.com/pr/17083011-great-panther-silver-reports-fiscal-year-2017-financial-results

This is relevant perspective from a major SLV miner

28 Şub 2018

Not

Something to consider: Silver price is heavily manipulated by futures contracts. Hence, it is important to accumulate PHYSICAL silver