SILVER’s latest price capitulation offers a painful reminder to the investment community that lightning CAN strike twice.
Indeed, the latest decline has wiped out almost 50% of prior gains (from Silver’s all-time high at 49.7900), which was last seen in 1980.
Such dramatic moves traditionally produce volatile trading ranges, which allows the market to recover and re-build buying interest.
Silver’s trading range is expected to hold between 37.0000-26.0700 over the multi-week/month horizon, with downside macro risk into 21.5165.
Keep in mind this would still maintain silver’s long-term bull-market (from 1999) and offer potential buying opportunity for the resumption higher.
Indeed, the latest decline has wiped out almost 50% of prior gains (from Silver’s all-time high at 49.7900), which was last seen in 1980.
Such dramatic moves traditionally produce volatile trading ranges, which allows the market to recover and re-build buying interest.
Silver’s trading range is expected to hold between 37.0000-26.0700 over the multi-week/month horizon, with downside macro risk into 21.5165.
Keep in mind this would still maintain silver’s long-term bull-market (from 1999) and offer potential buying opportunity for the resumption higher.
