Silver Market Update

Clive P. Maund/Technical Analyst

“While silver’s charts do not yet look as positive as gold’s, that is normal at this early stage in the cycle, when gold is favored over silver, which attracts more speculative interest as the bullmarket progresses. Nevertheless, as we can see on the latest 10-year chart for silver below, it is starting to look a lot better as it hauls itself up out of the 2nd low of the giant Double Bottom pattern shown.”

USAGOLD note:  The outlook for silver in 2020 from one of our favorite technical analysts. . . . .

Technical chart on silver with notations from Maund

Repost from 1-3-2020

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