SILVER - Silver (physical/ETF)

Silver is also trading below its 200-day moving average. Historical data shows silver went up 320% the last time it was at similar levels. Previous touch points at $27, $17, and $11 all preceded major rallies. There is also a structural silver supply deficit.

Silver forming a classic bear flag pattern with trend line break. Downside targets between $46 and $54 with 70% probability of further decline.

Similar to gold, Gareth holds long-term silver positions but warns of a bear flag pattern suggesting further downside in the short term. He expects a pullback to the $46-$54 range before potential recovery.

Long-term bull on silver alongside gold. Would start buying longer-term holdings at the $49-54 level. Needs to break above $92-93 for a shot at all-time highs.

Bencino still holds a lot of silver and is not bearish, but he explicitly says the time to buy was years ago when it was $20. From $120+, the risk/reward is no longer attractive. He advises against chasing it.

Silver hit the predicted $82 resistance level and is rolling over. First support at $66-64, then down to $49-50 area.

Silver setting up for a huge move. Price action compressing similar to late 2015 pattern. Still holding silver position, wants to see tightening around $90.

Soloway is waiting to buy silver in the $49–54 range, which represents a retracement to prior support. He sees this as a strong long-term buying opportunity after the expected flush.

Silver's flat bear flag shows even more weakness than gold. It failed to retrace to its prior highs the way gold did, indicating lack of buying interest. Gareth expects silver to decline to $50–$54 per ounce over the coming months.

Once silver retraces back to the 2011/1980 high levels (~$50 area), Gareth considers it a fantastic long-term buying opportunity — the 'Retrace to the Scene of the Crime' where former resistance becomes support.