Silver has the characteristic of moving up or down respecting the seasonality a lot. I tried to check the last 5 years indicating the bottoms that often arrive between late November and mid-December. At this stage, silver has risen sharply since June (another classic seasonal minimum) and is consolidating, staying above the medium-term line. If we observe the movement of the last few years, the average has been approximately + 22% which is consistent with the scenario which sees the next leg upward projected towards the level of $ 21, which in turn coincides with the parallel of the ascending channel. The RSI indicator remains above the level of 50, not showing a negative divergence but forming a double marginal low which supports the hypothesis that the next movement may be not only upward but also well supported.
We are entering the ideal period to accumulate silver.
Reproduction, in whole or in part, is authorized as long as it includes all the text hyperlinks and a link back to the original source.
