Silver Miners Chart Signals ‘Time Is Not Ripe’…Yet

May 22, 2018

We still believe that Silver Investing In 2018 May Become Very Profitable. That is primarily because of the indicators that look super bullish in the Silver Market In 2018. Is now the time to enter? Well, the silver mining chart says to hold on a bit, and that is not necessarily a bad thing, on the contrary even. Patience and excellent timing will be the key success factor to succeed in gold and silver investing in 2018!

The Silver Miners chart SIL ETF, embedded below, looks solid. It is not bullish, at least not yet. There is nothing wrong with a flat market that is consolidating, but investors cannot go all-in because they will get frustrated and sell … most likely right before the breakout starts.

See, investing is all about analyzing, timing, and also about controlling emotions. Visualize it as a triangle: all 3 need to be in place correctly in order to be a stable investor. If the analysis or timing is not perfect, then emotions will be tested seriously.

Remember, being bullish is not going to drive the market. It is the market itself which drives prices. Admitting that you have to follow markets, as an investor, is one of the keys to success.

The silver mining chart particularly is consolidating. This chart signals that more time is required before any sustained upward move. If that is the message of the chart investors (including ourselves) have to respect it, regardless of how bullish you may be.

We still believe that silver will do very well, and silver miners in particular, somewhere in 2018. Our best guess is that the typical ‘summer doldrums’ will drive the long awaited mega-breakout in the precious metals space.

For now, patience is required, and good analysis of the charts in order to time a good entry point.

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Most silver is produced as a byproduct of copper, gold, lead and zinc refining.