Silver: Current environment + turnaround dates



The situation in the silver market is currently somewhat tense. The price has remained in a sideways range for almost two weeks with temporary punctures on the top and bottom.

In terms of our cyclical calculations, the price of silver is up around 02/24. henceforth in a bullish environment. At this point, at the latest, caution is advised, as a decline of several weeks must be expected by mid-March.


If the silver price can hold its ground above the USD 24.06 mark, a further increase to USD 25.80 for the time being can be expected from a chart-technical point of view.

With a sustained breakthrough through the USD 26.04 mark, there is then a further upward movement to the resistance area from USD 27.20.


An excerpt from past turnaround dates:


- Silver low 12/15, tolerance 2 days

- Silver high December 9th, tolerance 1 day

- Silver low 11/30, tolerance 0 days

- Silver high 11/6, tolerance 1 day

- Silver low October 29th, tolerance 0 days


(Our turnaround dates have an average tolerance of 3 days. In 80% of the cases it is 2 days.)


Note:


Within our G.I. Swing trading strategy uses three special analysis methods. Only partial aspects were published in this article. Despite careful analysis, Global Investa does not accept any liability for the content, topicality, correctness or completeness of the information provided. In particular, the information provided does not constitute investment advice, purchase recommendations or investment brokerage and can in no way replace investment-specific advice from a professional investment advisor who takes into account the individual economic circumstances and the level of experience of the customer.