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Silver Market Update

Click on chart to popup a larger clearer version. Chart courtesy of sentimentrader.com

The long-term 10-year chart calls to mind the excellent film Groundhog Day, where a guy keeps living the same day over and over, because we just keep trotting out the same description for the long-term silver chart (which does save work). Here it is again, with some adjustment:-

Click on chart to popup a larger clearer version. Chart courtesy of www.sentimentrader.com The conclusion is that silver is now a strong buy, and an even stronger buy in the event that it should react back short-term towards its lows of about 2 weeks ago. Whilst we can speculate about why the silver price should rise soon, with reasons such as a falling dollar, and funds flowing out of the cryptos as a result of the Bitcoin bust, an attack on Iran etc, it is not really necessary as the charts speak for themselves.

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