Long Term Strategy for Silver

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Silver has clearly broken out from its bearish cycle indicated by the white down trend line. Based on the last bull run we should reach the 2.618 in about 770bars or approximately 2 years. In the short term, I expect a retrace to the .236 fib over the next few months making October a good time to enter the market at around $18-$19. Furthermore, Rsi and Macd seem to be reversing, so it's possible the short term retrace has already begun. Set the date and check this post and the price of SLV around Oct-Nov for a good entry point. Good luck and remember to hit the like/follow button if you agree with this idea!


Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.