#Silver = Weekly Analysis = 16.07.2022 $SLV #preciousmetals $XAGUSD #commodities

In April I called silver to go down deep. So far, it lost 25% and counting and I hope everyone is benefiting.

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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Gold Weekly:
https://investingangles.com/2022/07/16/gold-weekly-analysis-long-term-forecast-16-07-2022-gold-preciousmetals-gdx-gld-xauusd-gc_f-xau-commodities/

Silver All Time Analysis & Long Term Forecast: https://investingangles.com/2022/02/12/gold-all-time-analysis-long-term-forecast-12-02-2022-gold-preciousmetals-gdx-gld-xauusd-gc_f-elliottwave/

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