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.


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