Silver 2016 Y

Silver Y 2016

We have a good probability low this year with the extreme target of $5.50 forming on the yearly MLL (solid black line bottom of chart).

Below is the detailed gap, support and resistance for the next 3 years.

The current high can only be exceeded once the final low is in place.

Silver Y 2016 Detail GAP Support and resistance

The projections are showing a big drop once support from the Q012WL-1 fails around 13.10. A good panic bottom will insure all the monkeys fall out of the tree and finally we should see capitulation in the press about how good an investment silver is!

That is the time to go long to new all time highs over the next few years!

Sliver Q1