Express Cash Gold - Horizontal Ad - Sell Your Gold Today
Click to Request a Free Appraisal Kit, Please tell them this guide sent you
ExpressGoldCash - 4.9 star - Customer Reviews



Silver Went Up
(last week)
Now, Where’s it Going?

 Review and Outlook for Silver.



Originally Posted on 4/22/2018 @ 4:03 pm EDT

Re-posted on 4/23/2018 @ 9:53 am EDT

by Steven Warrenfeltz



Subscribe to this Blog

 Subscribe by RSS Feed




Hello,

Thank you for visiting the Free-Bullion-Investment-Guide every visit you make is greatly appreciated.

Before we get to this Review & Outlook, below are some of the Best Bullion Market-Related News articles that were taken from this guide's home page, over the last week.


best news
The Fed Has Forgotten The Lessons Of 2008 - Real Investment Advice


Feds Taxed and Borrowed $4.47 Trillion Since Last Tax Day; $13,737 for Every Man, Woman, Child in USA - cnsnews


Can Morgan silver dollar prices only go up? - Numismatic News


MINING: Mexico still No. 1 for silver production - Mexico News Daily


Silver Trading 'Oversold' on Record High Short Position - Bullion Vault


Best of the Week for
Gold NanoParticle Cancer Research


Remote-control shoots laser at nano-gold to turn on cancer-killing immune cells - Science Daily


New cancer monitoring technology worth its weight in gold - PHYS.org






A Large Bull Flag is in Gold's Chart




Normally, this guide posts a Review and Outlook for the U.S. Dollar, Silver, and Gold.

But, last week Silver was the only one of the three assets that moved out of its identified pattern.

The U.S. Dollar is still trading inside a negative 'Rising Wedge' and Gold is still trading inside a very large and positive Bull Flag, to view these patterns please go to this guide's last blog post:  A Large Bull Flag is in Gold's Chart - Update.

So because of these factors, this week's Review and Outlook is only for silver, which you'll find below.






Review & Outlook
Layout


The order of the asset analysis below:

  • Silver

Each asset below has three sections.

  1. In the 'review' section, a copy of the previous outlook for that asset is posted.
  2. Next, you'll find a 'review - continued' section where there is a brief review of how accurate the previous outlook was.
  3. Finally, you will find an 'outlook for the week ahead' for each of the assets below.




All the charts on this blog are Daily Charts unless noted otherwise.







SILVER

In Review

Last week, the chart and commentary below was posted for silver's outlook.

In the outlook chart below, you can see that nothing much has changed from last week.

Even though the 'Falling Wedge' was confirmed in silver's chart, it could still be drawn, so it was kept in the chart below.

candlestick chart diagram

Furthermore, the 'Rising Expanding Wedge' has also been redrawn.

Two weeks ago, silver made a new low under the bottom of the wedge, but it did not close the day below the wedge, which is why the pattern was not confirmed or denied.

I explained as to why I didn't call ' confirmed in the 'Silver Review - Chart' section of last week's blog.

Just so you know, I don't confirm patterns on 'highs and lows' only on when the price has closed above or below an identified pattern's trend-lines is the pattern confirmed or denied on the charts found in this blog.

As for the week ahead, there are too many fundamental variables to consider when trying to determine silver's future. 

From the Syrian airstrikes to the continued issues of trade between the United States and China, anything could literally rattle the markets and silver for that matter.

Because silver is an industrial metal, as well as a safe haven asset, it is prone to drop when the stock market drops, much more-so than gold, so I'll be keeping a close watch on the news to see how silver moves this week.


silver price chart

Silver - In Review - continued

The Syrian airstrikes nor any trade war rumors between the United States and China affected silver's movement last week.

In the chart below, you can see that silver mostly moved up last week  (except on Friday) and in doing so it confirmed the re-drawn positive 'Falling Wedge' pattern.

See the outlook below to get an idea of where silver is expected to go in the next week or two.


Silver Price Chart

Silver - Outlook

Silver's has now formed two negative 'Rising Expanding Wedge' patterns in its outlook chart below.

I've dotted the trend-lines of the larger (and older) of the two patterns because it may be denied sometime in the coming days and weeks.

In all honesty, I'd like to see silver deny it and trade higher above its long-term rising trend-line because the higher it trades above it the brighter its future is.

But, whether that pattern is denied or not is up to silver traders, so time will tell whether the larger of the two patterns is confirmed or not.

In the immediate future, silver has formed another, but more narrow negative 'Rising Expanding Wedge' pattern.

The new, more narrow, negative 'Rising Expanding Wedge' pattern is expected to be confirmed sometime in the near future, when that is exactly is unknown, but because there are now two negative wedge patterns in silver's chart, the precious metal is expected to move down sometime in the near future.


silver price chart

Charts provided courtesy of TradingView.com





Silver's Price Resistance &
Support Levels


Silver's Resistance Levels

$17.50


Silver's Support Levels

$16.50

$16.25

$16.00










Thank You for Your Time.

Have a Great Week and God Bless,

Steve







'Click Here' see all of the prior Blog posts,



Thank You for Your Time!



Investment/Information Disclaimer:

All content provided by the Free-Bullion-Investment-Guide.com is for informational purposes only.  The comments on this blog should not be construed in any manner whatsoever as recommendations to buy or sell any asset(s) or any other financial instrument at any time.  The Free-Bullion-Investment-Guide.com is not liable for any losses, injuries, or damages from the display or use of this information. These terms and conditions of use are subject to change at anytime and without notice.






Return from this Guide's Latest Blog Post

and Visit the Homepage






Please Donate to
Support this Guide

& Paypal

Thank You for
Your Support







Free Bullion Investment Guide







Free-Bullion-Investment-Guide "Search"
search engine by freefind advanced


Search - Magnify Glass






Free Bullion Investment Guide



Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.

Affiliate Links - Disclosure


OneGold - "Changing How the World Buys Gold"





Donate to
Keep this Guide Online

& Paypal

Thank You for
Your Support




Free Bullion Investment Guide



search

   Search the Guide

search engine by freefind advanced




recent guide updates

Daily

Bullion News on the Homepage



March 2025

Newsletter




Mintages
for

2024
Gold & Silver Mexican Libertad

Gold Libertads

2024 - 1oz Mexican Gold Libertad Bullion Coin - Reverse side

Silver Libertads

1oz. Mexican Silver Libertad Bullion Coin - Reverse side



Chinese Gold Coin Group Co.
& Chinese Bullion

Chinese Bullion page



PAMP

Refiner page

PAMP Gold



Heraeus Refiner page

Heraeus



Johnson Matthey Refiner page

Johnson Matthey



Engelhard Refiner page

Silver Engelhard Round



2025
Gold & Silver Chinese Panda

Gold Pandas

2025 30gram Chinese Gold Panda Bullion Coin - Reverse Side

Silver Panda

2025 30gram Chinese Silver Panda Bullion Coin - Reverse Side



Gold Buying Guide

Gold Buying Guide





Archangel Raphael
~
The Angel of Healing

Archangel Raphael ~ The Angel of Healing



Cancer Awareness Information & Resources

Cancer Awareness Month Ribbon with FBIG Gold-Nano Logo



Help Us Expand our Audience by forwarding our link

www.free-bullion-investment-guide.com.

Thank You!



March's

Best News

Remembering the Ides of March - Foundation for Economic Freedom

Graphic: Gold, Silver, and Copper Prices Shine in Early 2025 - Mining Visuals

‘Give Me Liberty or Give Me Death,’ 250 Years Later - Foundation for Economic Education

Doug Casey on Fort Knox, Government Secrecy, and the True Role of Gold - International Man

Gold shines bright as biggest jewelry market boosts options bets - MINING.COM

Audio: Podcast: Adam Rozencwajg on Commodities, Nuclear Power, and Gold - fascinating discussion, Adam Rozencwajg joined host Grant Williams on The Grant Williams Podcast to delve into the intricate world of commodity markets - GOEHRING & ROZENCWAJG

Gold marching towards 3,000 on safe-haven demand, driven by fears over tariffs and inflation - Ahead of the Herd

Which is Worse, Inflation or Deflation? - Inflation Data

A Bubble In Gold? Hardly... - Notes from the Rabbit Hole

Commodities: In like a lion, and out like a lamb? | The misconceptions about gold - aberdeen

Gold, Maga-nomics and the Dot Plot - Bullion Vault

How The Stock Market Signals a Major Silver Rally - Hubert Moolman

The Dawn of $3,000 Gold: A Fresh Participant Has Surfaced That Could Propel Gold To $3,500 - The Gold Report

Graphic: Gold Productions Q4 2024 - Mining Visuals

How Tariffs Will Lower The Cost Of Living - Zero Hedge

Fate of San Francisco Mint could be Up in the Air - Coin World

Bentley’s New One-of-a-Kind Batur Has a Dazzling 18-Karat Rose Gold Trim - Robb Report

(.pdf) Report: Monthly Gold Compass - March 2025 ∙ Gold Silver ∙ Miner Macro Long Term Charts Proprietary Model - incrementum

Are U.S. Cents (Pennies) Worth Hoarding? - Numismatic News

Graphic: The Silent Thief: How Inflation Erodes Investment Gains - Visual Capitalist

The Dark Secret Behind Democrats' Economic Policy - Quoth the Raven

Gold above $3,100/oz, but are miners just getting started? - Baker Steel

Activated gold helps visualize drug movement in the body - SilverSeek

Silver to log fifth straight year of deficits: a look at the top 5 country producers - Ahead of the Herd

Video: Prospector Finds 30-ounce Gold Nugget in Australia - DIG IT DETECTING (YouTube)

Poll: Are You Proud To Be An American? - Visual Capitalist

Gold Nanoparticle Cancer Research

Lighting the way: How activated gold nanoparticles reveal drug movement in the body - PHYS.org (msn)

Radioactive gold nanoparticles could track drug distribution in the body - PhysicsWorld

Gold Nanoparticles: A Breakthrough in Cancer Treatment - Greek City Times

Activated gold helps visualise drug movement in the body - SilverSeek


All Articles were Originally Posted on the Homepage






Gold per Troy Oz. (ozt.)


Silver per Troy Oz. (ozt.)