• Gold: 1,621.26 -0.98
  • Silver: 14.05 -0.05
  • Euro: 1.105 -0.000
  • USDX: 99.029 0.723
  • Oil: 20.26 -1.69

Silver's Promising Surge

Rick Ackerman
|
Thursday, July 18th
 
Buyers surpassed a 15.840 target I'd flagged earlier in the week with such ease that a test of a more daunting obstacle at 16.470 seems all but inevitable. That's where September Silver double-topped earlier in 2019. If the rally should exceed these peaks as easily as did the 15.840 pivot today, that would greatly strengthen the case that a powerful new bull market has begun. More immediately, look for a short-term finishing stroke to 16.190, the Hidden Pivot target of the pattern shown in the chart. 
 
Your rating: None Average: 4 (2 votes)

Sponsored Links

Join the Free Weekly Silver Review!
SilverSeek.com week in review delivered direct to your inbox!

Live SilverSeek Map