Silver – Rise of the Silver Surfer (2)

Aug 26, 2018

Hello everybody,

silver is in no hurry, it seems. I see three scenarios at the moment:

Scenario 1 (35% chance)

Silver will start a rally as described in my other post (please check link below). If so, the buying trigger could be 15.14$.
The sore points on the upside are: 15.63$, 17.70$ and finally the most important level is 18.30$.

Scenario 2 (50% chance)

Silver will drop a little deeper in my blue trading box (ideally in my yellow box as you can see in the chart above. The perfect point for a turn around would be the dark green trendline in the yellow box). If so, the buying trigger could be 14.78$.
The sore points on the upside are: 15.63$, 17.70$ and finally the most important level is 18.30$.

Scenario 3 (15% chance)

Silver will drop to the ground – no, just joking! But, if 13.62$ won’t hold, there will be tears. Then we have to adjust the whole wave count, and then we have to look out for new entry points.

Please leave a comment or a message, if you have any questions.

Take care,
tgo

Sep 2, 2018

Note

Hello everyone,
looks corrective, so I think silver is going down as expected:

take care,
tgo