Long Term Outlook for Silver
Long term outlook on the chart.
Point C was hit when the rona started. Point D in play at $61.80
Alignment is there. That is the target. It is not time specific.
Price is currently contained in the 22 degree triangle range and interestingly the angle of the green fib spiral is 44 leading to the next level.
Max move looks to be 87.78.
If that is broken, then upper fibs come into play.
No need to look there now as price is looking to retouch the purple circle support currently. (Sept 2021)
Likely to touch low $20's and a buying opportunity to add to the stack.
July 2022 appears to be the next major inflection point, then October 2023
Point C was hit when the rona started. Point D in play at $61.80
Alignment is there. That is the target. It is not time specific.
Price is currently contained in the 22 degree triangle range and interestingly the angle of the green fib spiral is 44 leading to the next level.
Max move looks to be 87.78.
If that is broken, then upper fibs come into play.
No need to look there now as price is looking to retouch the purple circle support currently. (Sept 2021)
Likely to touch low $20's and a buying opportunity to add to the stack.
July 2022 appears to be the next major inflection point, then October 2023
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