/biz/ - Business & Finance

Anonymous Wed Mar 4 09:15:52 2020 No.17572818 [View]
File: 482 KB, 3126x1961, 20200304.silver.1w.has-to-break-trendline.png [View same] [iqdb] [saucenao] [google]

>>17572219
Here's 2020 and the years preceding it. Unlike 2008 where we had a bull run the previous 5 years, Silver is currently struggling to get out of a bear market, and it's close but it's probably a few months off.

- Silver has to break that red trendline AGAIN after getting dumped under it the other day.
- Silver also wants its 1 week 100 EMA to be ABOVE its 1 week 200 EMA, and it's getting there. It might take a few months though.

Gold already has its 1w 100 EMA bove the 1w 200 EMA, and it's been that way since mid-2019. Silver needs to establish a similar structure if it wants to have a chance at another bull run.

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