 Silver fell below the September 2020 and September 2021 Trendline for a period of 21 weeks beginning this past June.  So, in the last 8 trading days, Silver has surged 13.96% +/-. Should we look back to March 31, 2021, a low of $23.74 is immediately above market. I am watching that level for resistance.  The next level I'm looking at is the February 2021 and March 2022 Trendline. I believe the Descending Triangle pattern you see that is normally bearish reflects a twist and that being what appears to be a "Bear Trap". Quite odd, but not impossible.  If we look back further to the low of October, 2008, and move to the present there are two points you draw a support under the market. Looking at the chart I see a symmetrical triangle pattern being formed and the two two lines creating it do not converge until the next decade.  What's odd, and I realized it today when going back to my Trading view charts I created and have used in the past and for this article, is that I labeled the above chart and when I did the data went back to 1970. I was thrown a curve ball because twenty years of price data has been removed. The importance of me having that data is to know that since the 1970's to now Comex Silver has printed a HUGE Cup and Handle formation. The market is now in the handle portion and it indicates, to me, very bullish years and exponential growth to look forward to. Disclaimer: For Informational Purposes Only. This is not Financial or Trading advice. Do Your own research and Due Diligence.
| author | jerome-colley |
|---|---|
| permlink | comex-silver-price |
| category | trading |
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Time to stack some silver.
| author | the-bitcoin-dood |
|---|---|
| permlink | re-jerome-colley-2022124t184549794z |
| category | trading |
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hiveblocks