In the quarterly analysis at the beginning of October I highlighted that Silver made a rare technical event that would trigger a prolonged bear market and lead to a substantial loss of value. The events of the last week just started to confirm the hypothesis.
In today’s analysis, I will evaluate the bearish candle closures on multiple frames and offer statistics that support the opening statement. We will discuss technical events on different frames and analyze the long- and short-term perspectives for the metal using Elliott Waves.
This analysis is part of the @InvestingAngles Weekly Series for US and global indices, Crypto, Commodities, Currencies, and some Large Cap stocks.
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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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