How Will Silver React?

Stocks - Dow Notches Another Record High as Defensive Stocks Rally

How Will Silver React?

www.investing.com/analysis/silver,-not-a-place-it-wants-to-lose-its-balance!-200152989

How Will Silver React?

By Chris Kimble | Sep 12, 2016 08:32AM ET

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A month ago today, we noted that silver and gold were facing important resistance tests and that both could fall hard if those resistance levels held.

Silver Monthly

Silver was moving stronger higher off lows hit at the start of the year. This rally ran into a cluster of resistance at (1) and so far it has stopped it on a dime.

This chart is based upon monthly prices and the month is far from over.

At this time of the month, Silver so far is creating a reversal pattern (bearish wick) just below resistance at (2). With Silver still being in a down trend (lower highs and lower lows since 2011), how it reacts to falling resistance becomes critical.

We have felt a month ago this resistance cluster could be very important to Silver and we still remain feeling that way.

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Central Banks

Interest Rates

Next Meeting

FED

2.00%

Sep 26, 2018

ECB

0.00%

Oct 25, 2018

BOE

0.75%

Nov 01, 2018

SNB

-0.75%

Sep 20, 2018

RBA

1.50%

Oct 02, 2018

BOC

1.50%

Oct 24, 2018

RBNZ

1.75%

Sep 27, 2018

BOJ

-0.10%

Sep 19, 2018

CBR

7.50%

Oct 26, 2018

RBI

6.50%

Oct 05, 2018

PBOC

4.35%

BCB

6.50%

Sep 19, 2018

S&P 500 Futures	2,932.25	-7.25	-0.25%
Nasdaq Futures	7,547.75	-61.00	-0.80%
Dow 30	26,743.50	+86.52	+0.32%
Nasdaq	7,986.96	-41.28	-0.51%
SmallCap 2000	1,710.89	-8.95	-0.52%
S&P 500 VIX	11.68	-0.12	-1.02%
DAX	12,430.88	+104.40	+0.85%
US Dollar Index	93.79	+0.32	+0.34%

Gold	1,203.40	-7.90	-0.65%
Silver	14.310	+0.005	+0.03%
Copper	2.845	+0.105	+3.83%
Crude Oil WTI	70.72	+0.40	+0.57%
Brent Oil	78.68	-0.02	-0.03%
Natural Gas	2.979	+0.003	+0.10%
US Soybeans	849.75	+0.15	+0.02%
US Wheat	522.50	-1.50	-0.29%

EUR/USD	1.1749	-0.0028	-0.24%
USD/JPY	112.60	+0.12	+0.11%
USD/CAD	1.2916	+0.0013	+0.10%
GBP/USD	1.3069	-0.0193	-1.46%
USD/MXN	18.8235	-0.0078	-0.04%
AUD/USD	0.7291	-0.0001	-0.01%
USD/TRY	6.2941	+0.0940	+1.52%
USD/INR	72.215	+0.490	+0.68%

BTC/USD	6,779.4	+258.1	+3.96%
ETH/USD	245.41	+21.33	+9.52%
BCH/USD	493.19	+35.04	+7.65%
IOT/USD	0.62740	+0.06513	+11.58%
LTC/USD	61.080	+4.040	+7.08%
XRP/USD	0.51872	+0.05822	+12.64%
BTC/EUR	5,773.5	+206.0	+3.70%
DASH/USD	211.46	+5.62	+2.73%

How Will Silver React?

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