Silver making a 42 year Cup and Handle Pattern?
All,
Silver like gold is possibly making a 42 year old cup & handle pattern. This is more a commentary on that the dollar is in trouble vs silver's value, silver like gold could be predicting that the US dollar will implode. If silver completes the cup and handle we are looking at a target price of 171 to 250 for silver. The fact that both silver and gold are making the same pattern, indicates to me that one should start hedging against the dollar.
Silver like gold is possibly making a 42 year old cup & handle pattern. This is more a commentary on that the dollar is in trouble vs silver's value, silver like gold could be predicting that the US dollar will implode. If silver completes the cup and handle we are looking at a target price of 171 to 250 for silver. The fact that both silver and gold are making the same pattern, indicates to me that one should start hedging against the dollar.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.