Long Term Journey of Silver on Column Chart

Chart marks the beginnging of Silver commodity journey from year 1803 till current year 2022 as of trading at $19.02 price.

We can see the most recent attempt of All Time High was marked in April 2011, when the price touched the level of $49.83 so far still the record High till date.

Before that Silver’s previous attempt of marking the All Time High was in January,1980. It took almost 31 years for a new high to be made and that too could only add another $1.83 into previous high. Well, these all time highs are not sustainable as people start cashing out their investments, so the price continued to decline after this ATH level.

In March 2020, it touched the low price level of $11.63 before making its journey towards $30.09 in February 2021. Price of silver corrected 3/4 times in long run.

Tags: #Silver #BullionMarket #CommodityTrading

Commodities, Silver, #BullionMarket #CommodityTrading

Correction of 76.64% in a commodity like Silver could surprise anyone but yes ,it happened and it took almost 9 years for before its flight towards the level of $30 on charts. See the below chart for this reference.

Silver Long Term Price Chart
Bullion Trading

So from the perspective of a passive/conservative retail trader – let’s find out the results of the following long and short term research/strategy.

Silver Charts, Multi Asset Trading

Long Term Strategy Deployed on Silver – will update the results along the journey.

By Pankaj

2 thoughts on “BULLION Technical Analysis: Silver”
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