Silver has been consolidating in this triangle formation for quite some time now. Is it looking for a catalyst to change that? With global markets fearing a correction, history shows us that society reverts to the tangible world as a safe haven. According to the LBMA Precious Metal Forecast, top analyst predict that silver will be the strongest performer of the year, with an average of $17.81 and a high of $23.
"Silver is forecast to be the best performing of
the four metals. The most bullish forecast is for
an average price of $20 and the most bearish
$16. But the overall view is that the silver price
will end up between the two extremes at $17.81,
representing a 4% increase on the average price
in the first half of January"
lbma.org.uk/downloads/Forecast-2018.pdf
Trade will be activated once a break out of the wedge has close on the monthly time frame.
My target is depicted below the first schiff fork channel and just above the 236% fibonacci, at $23.
Updates will be given below.
"Silver is forecast to be the best performing of
the four metals. The most bullish forecast is for
an average price of $20 and the most bearish
$16. But the overall view is that the silver price
will end up between the two extremes at $17.81,
representing a 4% increase on the average price
in the first half of January"
lbma.org.uk/downloads/Forecast-2018.pdf
Trade will be activated once a break out of the wedge has close on the monthly time frame.
My target is depicted below the first schiff fork channel and just above the 236% fibonacci, at $23.
Updates will be given below.
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.
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.