Silver still has a long way to go! 2 key resistance levels to keep an eye out for(#1, #2) & Silver is still current within a rising wedge(#3). Something To Be Consider: There is a good probability that Silver might repeat what happened in March due to another Economic shutdown of Businesses so set your STOP LOSSES just to be safe! BUT... Silver will recover just...
Hey Community, Hope you are all enjoying the short-term gains but we must break above $20USD in order to see a crazy parabolic uprising in the silver market! I'm currently not using my computer to publish this report but as soon as i'm back in the office next week i will provide an update! Make sure to follow & like my ideas for more TA :D
Looking at the current trend analysis we can predict that we are heading into Wedge #1. If we have an explosive move and the top of wedge #1 flips support then we will be heading into the Pitchfork Rising Wedge.
Looking at the current trend analysis we can predict that we are heading into Wedge #1. If we have an explosive move and the top of wedge #1 flips support then we will be heading into the Pitchfork Rising Wedge to the MOON.
Silver is either going to continue within the pitchfork rising wedge or switch to an alternative rising wedge path. We will know the exact path that silver will choose within a few days.
As economies open up more & more this will be good for silver due to industrial demand & supply shortages, i expect us to reach $25USD early/late June.
My end goal is to sell near the dollar to silver ratio as found in www.usdebtclock.org. For this to happen, the current market riggers must be brought down & comex must be shutdown.
Small pullback as expected, we will soon breach the resistance at $17.60 and that will flip support.
This is a clear indication that silver broke out of the flag wedge confirming a solid bull flag. #SilverShortageCrisis #JPMorganMetalsRigging #JPMorganLongOnSilver