Unlike gold, Engrbytrade™ daily and weekly silver calculations are currently not indicating consistent readings where a significant decline would be expected. There are current structural changes related to 2007. The charts below indicate silver is following a path similar to that of late 2007. What would be expected is a change in silver derivatives that reflect a move to the $40 mark in silver. In 2007 it was the $20 mark where investors were lured as Market Makers sold their inventory to the public. What followed was a sharp decline going into 2008.
Market Makers are once again working on the investor’s anticipation of higher prices in order to sell their inventory to the public. This time it would be expected to see a level of $40 in silver before a decline begins in 2025. This type of psychological gamesmanship is explained in Richard Ney’s book, “Making it in the Market”.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
