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Silver Investing Trend Analysis

Commodities / Gold & Silver 2019 Jun 12, 2019 - 07:06 AM GMT

By: Nadeem_Walayat

Commodities

The Silver price reluctantly followed the Gold higher early in the year to a late February peak of $16.20, following which it abruptly gave up all of its hard won gains for the year by making a new low early March at $15, breaking the preceding low of $15.45 and thus entering into a downtrend of a series of lower highs and lows where it remained until the Gold price came alive at the end of May 2019. Following which the Silver price busted out of its 2019 downtrend by hitting a recent high of $15.15 before succumbing to selling to bring the price down to its last close of $14.74 DOWN 5% for the year which compares against the Gold price up 4% for the year which illustrates the persistent under performance of the Silver price against the Gold price.


Firstly, my long standing approach to Silver has been one of buying (accumulating) when the Silver price is cheap to invest to capitalise on long-term Spikes, as the silver price patterns don't tend to prove very reliable in terms technical analysis i.e. prone to a lot of false signals so Silver is a difficult market to trade that only tends to really come alive towards the end of precious metals bull markets as illustrated by my analysis of May 2018 -

Silver Forecast 2018 and Beyond, Investing for the $35+ Price Spike!

In terms of a Silver market position then as is currently the case the silver market can usually be expected to be a dead market with the tendency to flat line not just for many months but even years as it tends to play second fiddle to Gold in terms of tradable swings, usually only really coming alive towards the latter stages of precious metal bull markets.

With the trend analysis in the accompanying video:

Silver 2017

My last in-depth analysis of 19th December 2018 Silver Price Trend Analysis and Forecast 2019 concluded in expectations for a volatile trend towards a spike high of $21 during 2019.

(Charts courtesy of stockcharts.com)

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.

Whilst my most recent analysis of Gold (30th of May) concluded in expectations for the Gold price to.....The rest of this analysis was first made Patrons who support my work. Silver Investing Trend Analysis and Price Forecast 2019

  • Silver Investing Trend Analysis
  • Gold Price Trend Forecast
  • Silver Long-Term Trend Analysis
  • Silver Medium-Term Trend Analysis
  • Silver Short-Term Trend Analysis
  • Gold - Silver Ratio
  • Silver Price Trend Forecast Conclusion
  • How to Invest in Silver

So for 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.

Scheduled Analysis :

  • China Stock Market SSEC
  • UK Housing market series
  • Stock Market Trend Forecast June 2019 Update
  • Machine Intelligence Investing stocks sub sector analysis

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Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2019 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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