Silver Outlook
Just took a look at Silver for any of you guys interested in commodities.
It's has broken through the long term critical support and retesting support on the .786 FIB with bullish divergence giving some confidence to open a long position with sell targets circa ~ $16 US (~4%).
I expect to see price action tightening up over the next 12 months with a break out to the upside around DEC 2019.
I am sure the likes of JP Morgan will make this happen considering they have ~ 700 million ounces sitting in a warehouse.
Summary - Mark your calendar to take a look at silver as an investment in Q3 - Q4 2019.
You can purchase physical bullion from Perth Mint online and they ship it to your door.
As always, do your own research before investing.
It's has broken through the long term critical support and retesting support on the .786 FIB with bullish divergence giving some confidence to open a long position with sell targets circa ~ $16 US (~4%).
I expect to see price action tightening up over the next 12 months with a break out to the upside around DEC 2019.
I am sure the likes of JP Morgan will make this happen considering they have ~ 700 million ounces sitting in a warehouse.
Summary - Mark your calendar to take a look at silver as an investment in Q3 - Q4 2019.
You can purchase physical bullion from Perth Mint online and they ship it to your door.
As always, do your own research before investing.
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