Midterm Silver Technical Analysis - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 1 / Views: 1,520
leon1998 Pillar of the Community United States 586 Posts	Posted 12/10/2015 09:54 am Several highlights on silver spot price movement in WEEKLY chart. 1. MACD negative MACD indicates the momentum of price; it has been negative for years. Until it turns positive, there is no confirmation of reversal. 2. RSI below 50 Strength of price is below 50 in a 0 to 100 scale, BAD. 3. Full STO below 20 I circled the last two occasion when this happens in PURPLE; the BLUE arrows show the according price movement. The similarities tell us silver will be weak for weeks to come. Red arrows show my predicted price path; expect to see silver below $13 in late March/early April. Any price pop between now and then, is a shorting opportunity for traders only Report this Post to the Staff

thq Pillar of the Community United States 3347 Posts	Posted 12/10/2015 11:47 am It looks like the price pops are about $1 per ounce, and occur about every 6 months. So you could play for about 14% per year - as a dealer buying at spot minus. If you're a retail buyer paying $1 per ounce premium over spot it's a wash at best. Works OK as an off-the-books cash placeholder, either short term or very long term. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Report this Post to the Staff
	Replies: 1 / Views: 1,520

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.24 seconds to rattle this change.