There is no cup and handle pattern in Silver (although there is super bullish potential if it approaches $50), nor is there a bull flag and we have to stop drawing diagonal resistance from the 2011 peak.
The Daily Gold
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Jordan Roy-Byrne
Articles by Jordan Roy-Byrne
The signal is a steepening yield curve driven by a decline in the 2-year yield. This has preceded or coincided with nearly all recent market declines and recessions.There are a few examples of the 2-year yield declining but then making a...
As long as Silver continues to hold $22 on a monthly and quarterly basis, then the probability favors a test of $25 resistance and eventually $26-$27.
The Daily Gold
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The Daily Gold
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There continues to be several similarities between today and the 1968-1971 period for Silver.
The Daily Gold
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The Daily Gold
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If Silver makes a weekly close above $26, it triggers a measured upside target of $34. Silver against foreign currencies is also very close to a breakout and a 12-year high.
The Daily Gold
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The Daily Gold
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In this video we discuss the interplay between rising bond yields, inflation and stock market peaks around the late 1960s.
Ultimately, rising bond yields can lead to a market peak. Secondly, in the 1964-1982 inflationary period, the...
Ultimately, rising bond yields can lead to a market peak. Secondly, in the 1964-1982 inflationary period, the...
Silver’s technical setup is intriguing as it just rebounded off both the 200-day and 400-day moving averages. In the past, rebounds from the 400-day moving average have led to bullish moves. We discuss that and more.The Daily Gold********
In this video we evaluate the key support and resistance levels for Silver and comment on its net speculative position and open interest.
The key resistance levels are $26 and $27-$28 with $22 and $20.50 being the key support levels. In...
The key resistance levels are $26 and $27-$28 with $22 and $20.50 being the key support levels. In...
Silver has been in a bear market for almost three years and the recent lack of strength suggests the metal could be headed for new lows. New lows are always bearish until the last one. Our technical work suggests that we should watch for a...
Obviously, we can’t know if the bottom is in but I’ll repost a chart which is my best argument for why we can expect a big rebound over the coming months. The chart shows all of the worst bear markets in gold stocks. At the top right I’ve...
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