Loading ...Silver- Will Backtest Fail?
Can this fail?
Everyone says when the stock market drops gold and silver WILL go down too…
Seems like ALL the analysts are saying this.
When all the analysts are saying the same thing and when sentiment is as low as it is seems like silver may surprise going forward and NOT go down if the stock market crashes?
The major bull flag took 2.5 years to form.
Broke out and has been backtesting for 1/2 a year.
Just seems highly unlikely we go down much lower if the bull case is intact.
Right? Maybe as low as $22 but not much lower?
Thoughts?
Check other metals, especially copper…$3/lb possible target.
If so, silver likely to go down with copper.
Whatever happens with respect to price, I personally believe we are days away from a major low for the complex.