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Silver Price Trend Forecast 2019

Commodities / Global Debt Crisis 2019 Jan 09, 2019 - 05:48 AM GMT

By: Nadeem_Walayat

Commodities

This is the 4th and final article in this series 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 has first been made available to Patrons who support my work.

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


Formulating a Trend Forecast

The silver price is in a trading range of between $15 and $14 as of September 2018 pending a breakout or breakdown. The problem is that the last trading range lasted for 1.5 years. Which means that the silver price could remain stuck in its current range for the whole of 2019. However, I don't see that as being the most probable outcome.

If the silver price breaks down then it would target $12. Whilst a breakout to the upside would target a trend to $18 and then $21.

Given the fact that Silver is in a tight trading range of just 1 buck, then it is probable that the Silver price for 2019 will resemble a messy wider trading range i.e. trades to new lows below $13.86, whilst also trading above $15 towards $18. Thus we could see Silver trade several times at $13 and $18, with a likely spike to $21 later in the year.

Silver Price Forecast Conclusion

Therefore my forecast conclusion is for the Silver price to trade in a volatile trading range with an upward bias towards a target of $21 later in 2019 which would represent a 42% gain on it's current price of $14.70. Whilst the spike to at least $35 remains as a longer term outlook.

Remember Silver is for Long-term INVESTING rather than to try and trade because it is a volatile messy market, so those attempting to trade Silver will likely keep getting stopped out.

How to Invest in Silver?

The easiest way to gain exposure to Silver is via the SLV ETF. Though remember your investing in a trust so the SLV trading price will not be the same as the Silver market price, but the SLV price trend usually does quite closely track the Silver price trend.

And ensure you are subscribed to this yourtube channel for new trend forecast videos.

Your analyst,

Nadeem Walayat

http://www.marketoracle.co.uk

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

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 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.

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© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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