There Is Still Time To Get Silver / Commodities / Gold & Silver 2020

Silver appears to be very close to an evenbigger move higher. Most of the hard work of the double-bottom since 2015 isdone.

The coming leg higher is the one that willlikely take prices to all-time highs. Below, is a long-term Silver chart:

Note that price has broken above the50-month moving average, and consolidated above the line. This is a great buy signal, when taken into account withother bullish signals previously shared. These are still historicallysuper low prices.

As long as prices stay above that 50-monthmoving average, the bull is very much alive, and this could still be so for avery long time to come.

Since the bottom in 2001, Silver has movedin quite a common fashion, and it is very normal for price to now chase the redline as a minimum, and eventually likely put in an important peak at or closeto the blue line.

Therefore, it will be nothing special for itto reach a minimum target well above $100.

Furthermore, there is a type ofcup-and-handle pattern which has a log target that suggests prices couldpossibly hit $700. Even hitting this seemingly high level, would be nothing outof the ordinary given the type of setup, when compared to how bull marketscommonly unfold.

The big question, however, is how fast canit reach that target?

Nevertheless, those who now take theenormous stock market profits by selling out, and buying silver, will be thebig winners, especially if they can ride it up close to the target of thecup-and-handle pattern.

For more on this, andsimilar analysis you are welcome to subscribe to my premium service. Ihave also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report.

Warm regards,

Hubert

“And it shall come to pass, that whosoevershall call on the name of the Lord shall be saved”

http://hubertmoolman.wordpress.com/

You can email any comments to hubert@hgmandassociates.co.za

© 2020 Copyright Hubert Moolman - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.