Silver Should Pause At $16.75 Before Next Rally Starts / Commodities / Gold & Silver 2019

Our advanced Fibonacci price modelingsystem is suggesting that the current Silver rally may be nearing a point wherethe price will pause and retrace a bit before advancing further.  The incredible breakout rally over the pastfew weeks in Silver was a real surprise for many investors.  The sleepy shiny metal that everyone thoughtwas dormant broke well above the $15.50 level on huge volume and continued torally to levels near $16.65.

We published some incredible researchregarding the longer-term potential for precious metals – specifically thepotential for Silver as the Gold/Silver ratio continues to decline.  Please take a minute to read this researchpost PARTI.

We believe the upside potential for Silveris, at a minimum, targeting $26 to $34 for an immediate upside priceobjective.  Overall, longer-term, webelieve Silver could rally well above $50 as the Gold/Silver ratio falls tolevels below 65.

This Daily Silver chart highlights ourFibonacci price modeling system and shows you that price has already reachedthe upside price objectives for this current expansion leg.  Sometimes price may rally beyond these levels(in extreme trending), but we believe the recent pause in the rally suggeststhe price will rotate lower (to levels near $16) before attempting anotherupside rally leg.  We've highlighted whatwe believe will happen with arrows on the chart and we believe the next leghigher will align closer to the early August time-frame.

This Weekly Silver chart also highlightsour Fibonacci price modeling system, yet it shows the longer-term pricemodeling results.  Overall, the CYAN level,near $16.65, is acting as our first level of moderate price resistance.  We believe the support from the previousprice peak, drawn as a MAGENTA LINE, will act as support and price will rotatebetween current levels and this support level before forming a momentum baseand attempting to move higher – targeting the $18 to $18.50 level.

Take advantage of this price rotationbefore the next move higher.  Silver isextremely undervalued in comparison to Gold. Any reversion of the Gold/Silver ratio, which is already taking place,will mean that Silver will rally 30% to 60% faster than Gold rallies. This willhappen because the disparity in price between Gold and Silver has reached anextreme level.  As precious metals rally,this disparity level decreases.  Silvermoves higher much quicker because it continues to be extremely undervaluedcompared to Gold and is more affordable nicknamed "poor man's gold".

There are dozens of great trades setting upright now in preparation for the August 19 price peak/price rotation that wepredicted months ago.  The markets aresetting up for some really big swing trades and we urge all traders/investorsto be prepared for these moves by joining my Wealth BuildingNewsletter

If you want to see 5 other crucial warningsigns about the US markets topping and the pending gold and silver bull marketjust take a look at this short video and charts.

In early June I posted a detailed videoexplaining in showing the bottoming formation and gold and where to spot thebreakout level, I also talked about crude oil reaching it upside target after adouble bottom, and I called short term top in the SP 500 index. This was one ofmy premarket videos for members it gives you a good taste of what you canexpect each and every morning before the Opening Bell. WatchVideo Here.

I then posted a detailed report talkingabout where the next bull and bear markets are and how to identify them. Thisreport focused mainly on the SP 500 index and the gold miners index. My chartscompared the 2008 market top and bear market along with the 2019 market pricestoday. SeeComparison Charts Here.

On June 26th I posted thatsilver was likely to pause for a week or two before it took another run up onJune 26. This played out perfectly as well and silver is now head up to ourfirst key price target of $17. SeeSilver Price Cycle and Analysis.

More recently on July 16th, Iwarned that the next financial crisis (bear market) was scary close, possiblyjust a couple weeks away. The charts I posted will make you really start toworry. SeeScary Bear Market Setup Charts.

CONCLUDING THOUGHTS:

In short, you should be starting to get afeel of where stocks are headed along with precious metals for the next 8-24months. The next step is knowing when and what to buy and sell as these turningpoints take place, and this is the hard part. If you want someone to guide youthrough the next 12-24 months complete with detailed market analysis and tradealerts (entry, targets and exit price levels) join me.

Be prepared for these incredible price swings before they happen and learn how you can identify and trade these fantastic trading opportunities in 2019, 2020, and beyond with our  Wealth Building & Global Financial Reset Newsletter.  You won’t want to miss this big move, folks.  As you can see from our research, everything has been setting up for this move for many months – most traders/investors have simply not been looking for it. 

Join me with a 1 or 2-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis.

As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly. 

FREE GOLD & SILVER WITH MEMBERSHIPS 

So kill two birds with one stone and subscribe for two years to get your  FREE PRECIOUS METAL and get enough trades to profit through the next metals bull market and financial crisis! 

Chris Vermeulen
www.TheTechnicalTraders.com

Chris Vermeulen has been involvedin the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader,and is the author of the book: 7 Steps to Win With Logic

Through years ofresearch, trading and helping individual traders around the world. He learnedthat many traders have great trading ideas, but they lack one thing, theystruggle to execute trades in a systematic way for consistent results. Chrishelps educate traders with a three-hourvideo course that can change your trading results for the better.

His mission is to help hisclients boost their trading performance while reducing market exposure andportfolio volatility.

He is a regularspeaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chriswas also featured on the cover of AmalgaTrader Magazine, and contributesarticles to several leading financial hubs like MarketOracle.co.uk

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