I hope those who acted on this 50/100 weekly “death” cross at the end of April are doing well. Silver is 20+% down since the cross and shows no reversal signal. Let’s evaluate the metals from different angles.
This was written over 2 months ago:
“The 50/100 “death” cross on the weekly frame (circled) 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.”
This overview contains:
– analysis of the candles and TA on various frames;
– long and mid term forecasts.
This analysis is part of the @InvestingAngles Weekly Series that covers US and global Indices, Volatility and Bonds, Cryptocurrencies and Commodities, Currencies and Large Cap stocks. Link here.
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In case you want to compare the metals, these are the links to the all time forecast for Gold and Silver:
Silver All Time Analysis & Long Term Forecast:
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