#Silver = Weekly Analysis = 29.05.2022 $SLV #preciousmetals @markets #markets @wsjmarkets $XAGUSD $silver #commodities

Silver continues to trade under substantial technical bearish pressure. The recently formed 50/100 DMA “death” cross and an apparently imminent 50/200 DMA bearish cross will push the metal lower. At the same time, the 50/100 WMA bearish cross made 5 weeks ago does not show any signs of reversal.

The 50/100 “death” cross on the weekly frame (charts below) 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.

Let’s evaluate the metals from various perspectives.

Silver All Time Analysis & Long Term Forecast:

This overview contains:
– analysis of the weekly/daily candles and TA;
– long and mid term forecasts.

This analysis is part of the InvestingAngles Series that covers US Indices, Cryptocurrencies, Commodities, Currency, Large Cap stocks – all can be viewed here.

The following section is available for the subscribers only. A $10 USD monthly subscription gets you access to the monthly and weekly analyses, mid and long term forecasts for cryptocurrencies, major US and some world indices, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.

Premium Content

Read more of this content when you subscribe today.

End of Premium Content.

In case you want to compare the metals, this is the link to the all time forecast for Gold:

Follow @InvestingAngles – we offer the best long- and mid-term forecasts.

One thought on “#Silver = Weekly Analysis = 29.05.2022 $SLV #preciousmetals @markets #markets @wsjmarkets $XAGUSD $silver #commodities

Comments are closed.

%d bloggers like this: