CONTRARIANTHINKER

Silver Thread

Today's Charts

Wall of Worry

Rise of Surprise

We got to 14.80 and change and stalled when the 0.25% rate cut was announced by the Fed. Silver sold a dollar in days. Here is where we closed the week. Note the falling wedge test. Silver could mount a rally from this pivot, especially now that many have turned bearish and might well have gone short...

Silver:Gold ratio chart

The break out of the uptrend channel may be being back-tested before a stiff fall. 

I call this the 'fall of worry'.

Should the channel be regained the upside target is the final red circle

Yesterday & last week etc. 

It's been a while again. 

Silver could be about to make its move here. 

There are siren calls for a dollar bounce. If so the Euro needs to fall back through this mega support

Silver Update

Don't take my word for anything. Belief is the enemy of truth.

dB

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