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AI Stocks 2020-2035 15 Year Trend Forecast

There Is Still Time To Get Silver

Commodities / Gold & Silver 2020 Jan 16, 2020 - 04:52 PM GMT

By: Hubert_Moolman

Commodities

Silver appears to be very close to an even bigger move higher. Most of the hard work of the double-bottom since 2015 is done.

The coming leg higher is the one that will likely take prices to all-time highs. Below, is a long-term Silver chart:


Note that price has broken above the 50-month moving average, and consolidated  above the line. This is a great buy signal, when taken into account with other bullish signals previously shared. These are still historically super low prices.

As long as prices stay above that 50-month moving average, the bull is very much alive, and this could still be so for a very long time to come.

Since the bottom in 2001, Silver has moved in quite a common fashion, and it is very normal for price to now chase the red line as a minimum, and eventually likely put in an important peak at or close to the blue line.

Therefore, it will be nothing special for it to reach a minimum target well above $100.

Furthermore, there is a type of cup-and-handle pattern which has a log target that suggests prices could possibly hit $700. Even hitting this seemingly high level, would be nothing out of the ordinary given the type of setup, when compared to how bull markets commonly unfold.

The big question, however, is how fast can it reach that target?

Nevertheless, those who now take the enormous stock market profits by selling out, and buying silver, will be the big winners, especially if they can ride it up close to the target of the cup-and-handle pattern.

For more on this, and similar analysis you are welcome to subscribe to my premium service. I have also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report.

Warm regards,

Hubert

“And it shall come to pass, that whosoever shall call on the name of the Lord shall be saved”

http://hubertmoolman.wordpress.com/

You can email any comments to hubert@hgmandassociates.co.za

© 2020 Copyright Hubert Moolman - 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 losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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


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