Silver Accumulation Phase - Wyckoff Analysis - 3D TF - $XAG

Wyckoff analysis for
SILVER
XAG
5 years of selling between 2011 and 2016 led to a Selling Climax (bottom). An Automatic Rally followed, which set the ceiling for the accumulation range, i.e., between $18.5 and $21.
Ongoing, very long Accumulation Phase, to date. Wyckoff fundamentals suggest the longer the accumulation phase, the longer the rally.
A Secondary Test appeared during Accumulation.
Spring will kickoff breakout and rally.
Rapid hedging for the next recession may serve as a catalyst for the upcoming silver rally.
Open interest for silver has started to appear, as of October 2017.
Accumulate now.
5 years of selling between 2011 and 2016 led to a Selling Climax (bottom). An Automatic Rally followed, which set the ceiling for the accumulation range, i.e., between $18.5 and $21.
Ongoing, very long Accumulation Phase, to date. Wyckoff fundamentals suggest the longer the accumulation phase, the longer the rally.
A Secondary Test appeared during Accumulation.
Spring will kickoff breakout and rally.
Rapid hedging for the next recession may serve as a catalyst for the upcoming silver rally.
Open interest for silver has started to appear, as of October 2017.
Accumulate now.
Nota
Silver accumulation by JP Morgan:"Well since April 2011, JPMorgan has started accumulating physical silver at extraordinary pace. It is believed that at least 675 million ounces of actual silver is held by JPMorgan in their warehouse. That is 6 times more than Warren Buffett and Hunt brothers."
Source:
economictimes.indiatimes.com/markets/commodities/views/what-is-wrong-with-silver-this-is-the-question-everybody-is-asking/articleshow/62724314.cms
*Note: JP Morgan has heavy hands in this market. 2011 is when prices for silver started to decline, as noted above.
A future signal from JP Morgan can be considered powerful and relevant.
Nota
seekingalpha.com/pr/17083011-great-panther-silver-reports-fiscal-year-2017-financial-results
This is relevant perspective from a major
Nota
Something to consider: Silver price is heavily manipulated by futures contracts. Hence, it is important to accumulate PHYSICAL silverPenafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.