In its pure form the white precious metal is even rarer than gold. We have been successful forecasting silver prices in recent years. And remember you can unsubscribe at any time. The inflation / deflation indicator in light grey on below chart is in the process of setting a major double bottom. Why was April not good for silver, and why could May become much better for silver? This goes to the core of forecasting: seeing what others cannot see! We also need to see a strong Euro, essentially the Euro bull market has to be there. Most of the time it is bearish or neutral. A Silver Price Forecast For 2021 *Silver 30 USD Underway*, A Gold Price Forecast For 2020 And 2021 *Post Corona Crash Update*, Dow Jones Long Term Chart on 20 Years *10 Must See Charts*, An XRP Price Forecast For 2020 *Post Corona Crash Update*, Protected: [Emerging Markets/Gold/Silver] Heads up Template, A Dow Jones Forecast For 2021 *New All Time Highs*, Dow Jones Historical Chart On 100 Years *4 Must See Charts*, Dollar soft, gold strong, inflation bottoms, Silver falling back to its breakout level at $15, Silver falling back below its breakout level of $17.25. That’s because gold always leads the way higher in a recovery phase. Our 2021 forecast is bullish. Note that these values represent spikes, and prices will retrace after hitting those peaks. This a quarterly (!) Prices reflect silver's spot price. It also shows how the 2016 bear market breakout was confirmed by the silver price. In particular the inflation / deflation indicator from Pring appears to have a very strong positive correlation with silver. What we are really (only) interested in is to catch these major moves in silver. Whether it is COVID or anything else. ], [Corona Crash Update posted on 04.27.20. What’s important to note is that silver is moving in this new channel, so we can reasonably expect that the support levels will provide some good ‘reason’ to bounce. “Once bullish, extremely bullish,” is what characterizes silver. [Thorough update on 10.25.20. That’s certainly not for 2021, no matter if some analysts tend to be overly bullish. That’s a factor that Tiggre believes could lead to an uptick for metals across the board. Find the latest Barrick Gold Corporation (GOLD) stock quote, history, news and other vital information to help you with your stock trading and investing. Our Momentum Investing members did benefit largely from this rise with a few outperforming silver miners. We update this on (bi-)weekly basis throughout 20′ with in a bullet style with highlights of the week/month as it relates to our silver projection for 20′ and going into 2021. This tends to happen in a silver bull market. January was a choppy month for silver. It is the core of our silver predictions for 2021. The Current and Future Gain/Loss will be calculated. To illustrate this we go back to April of 2017 where our silver price forecast was published on MarketWatch: Silver has peaked for the year. Performance of the gold price from January 2009 to January 2017. Silver: 23.33 ... After the price of gold passed the mark of 1,000 US dollars per ounce for the first time in March 2008, ... trading or stock market fees must be paid. It was a very disturbing price action in the silver market, and the charts shown above (Corona crash chart update from March 22nd) makes the point. That’s exactly why our point is that both markets track each other (inverted) directionally. Performance of the Dow Jones Industrial Average over 25 years. Chart courtesy of Trading Economics. Looking at Trump’s potential impact on gold and the dollar, Lobo Tiggre of Independent Speculator posited that a second Trump term could be just as good as the first in terms of the gold price. “If Biden gets in, there’s so many things you’ve got to fix and repair. Even Barron’s picked up our forecast, and featured it on May 3d: How Gold Could Stage a 20% Rally This Year. It broke out, came down, broke out and came down again. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. It really makes the point how difficult it was to take a position right after the crash (or even during), because those charts looked really ugly. The trained geologist and founder of Exploration Insights instead sees another catalyst being more motivational for the gold price. Look at the two green circles at the bottom. We wrote this update on August 8th, 20′, 4 months after the Corona crash. This will clear the way to move higher. “I think it’s neutral,” said Cook. Every time non commercials are in the 60,000 to 80,000 contracts net long it tends to signal a major peak in silver’s price.eval(ez_write_tag([[300,250],'investinghaven_com-large-leaderboard-2','ezslot_6',133,'0','0'])); When it comes to the extreme low level of net long contracts by non commercials we see 2 potential scenarios: After silver’s major peak in 2011 we saw many drops of silver’s price close to zero for both non commercial and commercial traders. When Obama took office in January 2009, the price of gold was valued at just over US$890. We have limited the number of investor kits you can request to 20. Silver is a laggard, but once there is bullish momentum in the precious metals market (after a decent gold recovery) it is silver that becomes the beneficiary.
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