Not expecting parabolic movement but the positive trend signs are definitely back so I'd be wary of shorting any LTC positions at this time. Maybe a small pullback to around 120-125 but signs are pointing for a real test of the $150 milestone. Big psychological number to hold if bulls can win.
Continuing on from my previous chart and predictions my opinions have been ratified.
I have included a new WHITE line into the chart to reflect actual retail prices for 1 Troy Ounce silver coin. As stated on European Mint bullion and collector dealer website.
Near-decade long downtrend ( bright orange lines) - Broken
long term support shattered and...
In my opinion:
Having entirely broken it's near-decade long downtrend (bright orange lines) Silver long term support is set (green lines) short term trend (red lines) indicate it will likely spike to the 20$ levels but expect a smack down - need to see how the big 8 traders will move i.e. JP Morgan et al as they have full control of the price through Comex. If...
