Investing
Haven
No Result
View All Result
Wednesday, March 22, 2023
  • Login
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
stock market tips >>
Investing
Haven
  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto
No Result
View All Result
InvestingHaven
No Result
View All Result

Silver: Wild Swings In A Wide Range, Long Term Still Bullish

by Taki Tsaklanos
October 16, 2022
in Commodities & Gold
0
Tags: SILVERSLVsymbolsXAGUSD
silver
1.9k
VIEWS
Share on FacebookShare on Twitter

Investors with exposure to the silver market are anxiously asking us whether silver will ever move higher. Our answer is that we stick to our silver price forecast which says that the USD ultimately has to set a top, in the not too distant future. This will be the fuel for silver to move aggressively higher.

It is a tough ride for silver investors.

Admittedly, the price action in silver is disturbing because of the wild swings. Also, our USD forecast eventually will work out but not immediately. In other words, it is important to stomach the silver swings for longer until silver starts a trend.

As seen on the most basic silver price chart, without our annotations, it is clear how silver is in a trendless state for 4 full months now. Up until this point, this is a violent consolidation.

silver price chart

Whenever it feels uncertain and whenever there is a consolidation, it is important to zoom out.

The big picture silver chart that helps us understand the big picture trend is the monthly silver chart, as seen below. The monthly chart, contrary to the daily, has a really bullish setup. It is the type of chart that makes us happy.

The monthly silver chart suggests that even a silver spot price of 16 USD/oz would not create any damage to silver’s long term profile.

silver price chart

We do acknowledge that we are bullish on silver for a while now and that our bullish sentiment did not translate in higher silver prices.

We also have to acknowledge that the market is not creating any trend since November of 2021. For one full year, markets are either in a downtrend or consolidating. Any uptrend in any market has been short-lived at best and violently sold worst case.

The reason for silver’s inability to move higher is the USD, simple as that. We do wait for the USD to find a top which, if and when it happens, will lit a fire in the silver market.

Sooner or later, our silver call will deliver. Between now and then, it is important to be patient and seize your silver position(s) to be able to mentally disconnect from your silver holding(s).

We continue to monitor silver in our premium services, very closely even. In our Momentum Investing service we track a list of silver miners in our ‘shortlist‘ with the intention to flash a ‘strong buy’ whenever we believe the big move in silver will start (early 2023 presumably). In our Trade Alerts service we are auto-trading SPY but also covering silver in all our weekend market updates.

 

Receive our weekly newsletter.

*We hate spam as you do.

premium service trade alerts   premium service trade alerts   premium service crypto teaser  
WARNING: InvestingHaven.com, our site, is not affiliated and has no connection whatsoever with Invest Haven Group on Invest-Haven.com or Investing-Haven.com. InvestingHaven.com did not have and will never have sales reps. Do not accept financial offers, certainly not by telephone, this is why >>
Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

Latest

market crash

Our Systemic Crisis Condition Is Being Tested, Thoroughly

March 19, 2023
gold price forecast

Gold – The Secular Bull Market Is Resuming

March 19, 2023
xrp bull market forecast

XRP: The Most Beautiful Long Term Crypto Chart Of 2023

March 19, 2023
NYSE

Markets Downside Target Reached – What Now?

March 19, 2023

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • 2023 Forecasts
  • Stocks
  • Commodities
  • Silver
  • Lithium
  • Crypto

Site Navigation

  • RSS Feed
  • About us
  • Mission 2026
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • InvestingHaven vs. Invest-Haven
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2023 InvestingHaven

No Result
View All Result
  • Premium Investing Service
  • Premium Trading Service
  • Premium Crypto Service
  • 2023 Forecasts
  • Stock markets
  • Commodities
  • Lithium
  • Silver
  • Crypto
  • Login & MyAccount

Copyright © 2023 InvestingHaven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

    InvestingHaven.com honours your privacy. Read our Privacy Policy