Nearly a year ago, when silver was trading near $21 per ounce, (26% higher than it is today) we identified a downside price target of $15.15 per ounce. As evidenced clearly in the below chart, we captured this target on Wednesday November 5, 2014 – with only 0.3 cents to spare.
Still
outstanding, and the last downside price target we have on public record
remains at $13.00 per ounce.
Despite
registering lower lows from our previous
update, for now, a bullish momentum divergence persists. If the bullish
divergence holds, it is likely to spark a short-term rally in the very near
future. We’ll see how that plays out going forward. Until then, it is what it
is, a bear market – deal with it accordingly.
What’s In Your Inbox?
Our Long-Term Trend Monitor subscribers have been hedging their physical rather successfully for nearly two-years now. (See below stats)
Bottom line – all that matters to our subscribers and us - is being right more often than being wrong, and establishing prudent hedges along with winning and profitable trades in every timeframe. This is what we’ve been accomplishing for our members since 2005.
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Until Next Time,
Trade Better / Invest Smarter
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