Silver long term view

19 May 2022

Silver is yet to confirm it's breakout from the 6 year bullish wedge accumulation after breaking out in 2020.

Since then we've seen consolidation in the range between 20 - 30.

Short term target of 36 after confirmation using the fib extension, but this, as we all know has the potential to go miles above that.

A classic double bottom to wrap it all up I'm sure would take place as shown on the chart.

All the best.

Cheers,
Sky

14 Tem 2022

İşlem aktif

Nearing the breakout descending wedge - area to pay close attention to.

Recession woes may take this further down, but look for a strong reaction around that 0.618 fix extension.

5 Nis 2023

İşlem aktif

It it breaking out of the descending rectangle

17 May 2024

İşlem aktif

At the top of the resistance now - once that is broken with a good follow through we can expect this to fly.

8 Eki 2024

İşlem aktif

Getting closer to the target, but a lot of bearish divergencies on hourlies, dailies and weeklies

21 Eki 2024

Not

I suspect a deep correction soon come.

As well as that, I expect the stock markets to carry out a sharp correction too in the next 2/3 months.

24 Eki 2024

İşlem aktif

As advised 3 days ago, a deep correction is over the horizon. First sign over the past 2 days.

This will continue.

25 Eki 2024

İşlem elle kapatılmış

I'd be taking profits here. See my new post on Gold.