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Saturday, March 14, 2020

Silver/Gold - Failure at Resistance

Silver fell precipitously last week off resistance.

There is some support at $14 for Silver, but as hard as Silver is falling support won't last long.  The next level of support is $10 Silver.

Silver is declining to long term target of $6.50.

Weekly

















Gold is faring better than Silver, but a correction in Gold is underway.  Gold is near the 200 Weekly Moving Average so a bounce may occur soon, but support is weak.

Stronger support is located at $1,375 for Gold.


Weekly
















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9 comments:

  1. SCMarch 14, 2020 at 9:35 AM

    Protecting Silver bugs since 2011.

    ReplyDelete
  2. SCMarch 14, 2020 at 10:53 AM

    Gold diverged from Silver in 2016.

    My call Gold $1,375 2020. $2,000 Gold by 2022.

    ReplyDelete
  3. Over45March 14, 2020 at 11:17 AM

    Woah. Where do you see silver in 2020 / 2022 ? Tks

    ReplyDelete
    Replies
    1. SCMarch 15, 2020 at 8:40 AM

      $10 Silver with longer term target of $6.50.

      Delete
  4. louis lombardiMarch 15, 2020 at 7:39 AM

    https://www.youtube.com/watch?v=ZuV9ILxxKdI&feature=em-uploademail

    ReplyDelete
  5. Over45March 15, 2020 at 4:10 PM

    thank you.

    ReplyDelete
  6. SCMarch 15, 2020 at 5:58 PM

    New chart posted.

    ReplyDelete

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