Silver's fight into the official bullmarket
Silver has managed to cross the bear-market line and it is now also working to break the ICL neutral line.
Sustaining above the red level officially put silver in a bull market and it will lead the way for gold into the official bull market. This will lead to a rally in silver.
Then one can say that the bull market in precious metals is officially "ON" and say that it started in December 2015.
Sustaining above the red level officially put silver in a bull market and it will lead the way for gold into the official bull market. This will lead to a rally in silver.
Then one can say that the bull market in precious metals is officially "ON" and say that it started in December 2015.
Komentarz:
Silver fell to its lower part of the wedge after hammering a bit on the resistance, but is now on the way back up with renewed motivation. The USD is overdue for its ICL. This time I think silver will crush the bear market line.