Forget the noise… (complete analysis for silver)
Best way to remove noise is a PnF chart… the setup is EXACTLY the same as 2001… even better with higher lows.
I know it’s close to failing.. but if this holds….
Edit: adding premium/discount analysis… very close to reentry.. could drop just a little more… crowd has practically given up on silver…
Edit: adding mirror + moving average analysis… when max fear and people give up… catch the knife!!!
Edit: adding gold to spx and silver to spx …
Edit: adding gsr
Edit: adding volume analysis
Edit: adding COT .. unwinding in progress…
Fully.. how about a poll.. “how low can silver go?”
Patrick, my line in the sand is the 2016 low $13.62. Below that and silver could take a beating, maybe $8.25-8.50! If the recession that’s about to start is short lived IF supply chain from China ramps back up and the massive stimulus we’re about to get from Uncle Sam gets demand side humming then I think silver could indeed do very well. Plenty of things need to go just right at this juncture for silver to start a new move like 2004-2008, where silver quadrupled in price.
Yes on all fronts. Well said.