Silver sets up a long-term wave B bottom

TechnicalTradersLtd/Chris Vermuelen/5-5-2019

“Our Fibonacci price modeling system is suggesting an upside price target of $22 per ounce for this move, which breaks the previous July 2016 highs of $21.22. We believe the ultimate upside target of this next bullish move is bear $28 to $29 based on longer-term Fibonacci price modeling.”

USAGOLD note:  As we like to mention regularly, when we post an opinion like this it is not necessarily because we endorse it.  Rather, we think it worth passing along so that the reader can make his or her own judgement as to its usefulness. We continue to advise ownership of gold and silver for long-term asset preservation purposes rather than as vehicles for speculation.

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