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Silver Price Trend Analysis 2019

Commodities / Gold & Silver 2019 Jan 04, 2019 - 06:24 AM GMT

By: Nadeem_Walayat

Commodities

This is the 3rd article in a series of 4 articles that concludes in a trend forecast for the Silver price 2019.

  1. Silver Price Trend Forecast 2018 Review
  2. Gold - Silver Ratio
  3. Silver Price Trend Analysis 2019
  4. Silver Price Trend Forecast Conclusion for 2019

The whole of this analysis was first been made available to Patrons who support my work.


So for immediate First Access to ALL of my analysis and trend forecasts (including by email) then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

Silver Long-Term Trend Analysis

Silver's long-term trend is that of a trading range between $21 and $12 pending a breakout higher that tends to culminate in spikes towards $50.

The current downtrend off of a high of $21.23 is targeting a trend towards support of $12-$14, that a decline to $13.86 achieved a few months ago. However there is no sign on the long-term chart for the Silver price coming alive any time soon i.e. it could continue to drift in the trading range of $18 to $12 for some years.

On the brightside the downside is limited to around $12, with greater upside potential of a trend to $21 on a breakout of which would target a spike to at least $35.

Also that the longer the silver price spends trading at low price levels then less investment in new supply (mining), thus sowing the seeds for a future price spike.

Silver Medium-Term Trend Analysis

The medium-term chart shows a series of lower highs in a trading range with a downwards bias, with a break lower in July taking the Silver price to its recent low of $13.86. With resistance at $15.50, $17 and $18.

Silver Short-Term Trend Analysis

The Silver price is clearly in a tight trading range of between $14 and $15. Where a breakout higher would target $16 and then $17.25. Whilst a break lower would target $13 and then $12. So again the upside potential is greater than the downside.

MACD - The MACD has unwound it's oversold state which implies that it's going to be decision time soon for Silver i.e. if it fails to break higher than it is likely to set a new trading low below $13.86.

The rest of this analysis was first made available to Patrons who support my work.

To get immediate First Access to ALL of my analysis and trend forecasts (including by email) then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

Your analyst,

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2018 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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