Leon's Chart: Silver Spot Weekly Movement

Discussion in 'Silver' started by leon1998, Nov 13, 2015.

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  1. leon1998

    leon1998 Member

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    Silver bounced off the lower edge of the DOWNTREND channel.

    From the similarities of last two vertical black lines I drew; If history is any guide, Silver will fall back to US$14, before challenging the upper edge.
     
    leon1998, Dec 6, 2015
    #21
  2. leon1998

    leon1998 Member

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    Silver down again. This metal is really weak :D

     
    leon1998, Dec 7, 2015
    #22
  3. leon1998

    leon1998 Member

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    US$13.7 reached, bottom of the downtrend channel tested.

    Maybe a bounce up to US$14.5 region, before downtrend resumes :p
     
    leon1998, Dec 15, 2015
    #23
  4. Pirocco

    Pirocco Well-Known Member

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    Weak metal?
    It's just people holding off.
    I'm 1 example, didn't buy an ounce in 2015 so far.
     
    Pirocco, Dec 15, 2015
    #24
  5. leon1998

    leon1998 Member

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    Bounce up indeed, wait for US$14.5

    :lol:
     
    leon1998, Dec 16, 2015
    #25
  6. Proper Gander

    Proper Gander New Member

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    I d be interested to see a revised chart now, looks like it is going to retest the support channel line.

    Stochastic must be around 20 as well
     
    Proper Gander, Dec 17, 2015
    #26
  7. Jim4silver

    Jim4silver Well-Known Member

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    Where is Leon? I think we need another Leon update.

    Jim
     
    Jim4silver, Dec 30, 2015
    #27
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