Silver - Cycle Update - Before/After - Next Targets
Silver formed the double bottom blue arrow lows late last year as anticipated in the Cycle. The result was a significant bounce.
Silver is approaching a critical high in the Cycle. It may seem tempting to view Gold and Silver as a safe haven with turmoil in the market.
Any safe haven behavior is likely short lived according to the Cycle with a relentless decline directly ahead.
3-day Chart
Before: November 21, 2015
“Silver is anticipated to be forming the second blue arrow low currently. In the Cycle the blue arrow lows are a double bottom pattern. Silver should now bounce for several months towards $17.”
3-day Chart
Silver Bear Market Cycle:
Source: http://cyclicalmarketanalysis.blogspot.com/2016/06/silver-cycle-update-beforeafter-next.html
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