To put it simply, the technical chart situation for Silver isn't as bad as one might claim. While silver's recent run bounced off its downtrend, we have several bull structures that are leading us to suggest higher prices.
The two more noticeable patterns are a strong resistance zone and a bullish double bottom. In the short time frame, the trend is held by an arc.
Should there be worse economic data in the near future, in about one to three months, or simply high inflation data that will exceed the real interest rate, then one could expect a strong ride in silver prices again. It would also pull up gold prices.
The two more noticeable patterns are a strong resistance zone and a bullish double bottom. In the short time frame, the trend is held by an arc.
Should there be worse economic data in the near future, in about one to three months, or simply high inflation data that will exceed the real interest rate, then one could expect a strong ride in silver prices again. It would also pull up gold prices.
