XJO 0.25% 7,699.8 s&p/asx 200

Weekend Charts and Chat. 1/2 August, page-15

  1. 9,435 Posts.
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    Hi Merman,

    I can't see far enough ahead to tell what silver might do by year's end.

    I'm a trend follower, so I'm reactive, not a predictor.

    https://hotcopper.com.au/data/attachments/2344/2344714-a66df04ce42f4d1a646611f973865e30.jpg

    Silver remains in an up-trend, and above its 8-Day EMA. But - look at the volatility as measured by the ATR (Average True Range). It's difficult to see it continuing at that pace. Short-term Slow Stochastic has given a sell signal. So I think the next move will be down rather than up.

    I note in my Weekly Wrap that GDX (Gold Miners) has fallen this week despite a surging gold price. Miners usually fall before the Gold price. If Gold goes down so will Silver.

 
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