Incoming 30-40% crash for Silver to $20

6 dic 2024

Forecast for 2025

On the above monthly chart price action has rallied an astonishing 140% since the lows of March 2020. A number of reasons now exist for a bearish outlook. Very bearish. They include:

1) Price action and RSI support breakouts.

2) Regular negative divergence. The time length used is the same as the positive divergence.

3) The Cup and Handle projection has achieved the forecast target.

4) The rising wedge breakout. The wedge allows a forecast to be made using the top and lower touch points for a 35% correction to $20.

Is it possible Silver continues to rally? Sure.
Is it probable? No.

Ww

2 gen

Trade attivo

On the above monthly chart price action has broken down with a failure of support. The daily chart below shows this more clearly. The 3 month or quarterly candle with the close of December was particularly bearish. This print was last repeated in January 2021 after a run in price action; a 40% correction followed. Sellers are in charge and they're selling hard and fast into every rally.

1 day


3 month