After this call in April, #silver fell over 15%. The 50/100 “death” cross on the weekly frame happened only 9 times in 42 years. After such crosses silver lost on average 35%; range: 8-72%. If the metal targets a 35% loss now, it would be heading towards $16.
Though, the most recent candles signal a bounce. Let’s have a closer look.
Silver All Time Analysis & Long Term Forecast:
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In case you want to compare the metals, this is the link to my all time forecast for Gold:
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