Silver has gathered enough strength at low prices for 2 weeks. According to the Gold/Silver ratio, silver may lag behind gold maximum by 2.20%. Silver is likely to break its 665-days Triangle in January or perhaps in two days! Now it is time to invest in Silver!
- Scenario 1 : Silver will suddenly rise to 27 levels and enter a long consolidation at 25.7 levels.
- Scenario 2 : After hitting 25.70 and a few days of consolidation at 23.92 - 24.5 levels, 25.70 will be broken.
- Price Target in Long Term : $44
- Trend Power : Extremely Bullish
- Macroeconomic Situation : DXY broke the Descending Channel from below. This means that the DXY cannot recover for a long time. Due to the American debt crisis; individual investors, companies and central banks continue to buy gold/silver.