Silver 2016 Targets $ 16 – $10?


Silver Monthly

Please go to – for a longer term outlook and discussion.

Silver Weekly


  • Slowing global economy could really dampen any upside on silver
  • Demand for physical silver coins and bars are rising but has not translated into higher prices
  • Seasonal demand should kick in which favour a short stint of a corrective rally


  • Weekly RSI continue to signal a bullish divergence
  • Weekly 50 ma and the upper Bollinger band has been target of a short covering rally
  • Price action remain limited within the descending triangle formation
  • Coming months offer a decent risk reward to play the short covering bounce
  • Upside remain limited at weekly 50 ma or the upper Bollinger band as mentioned before
  • Overall trend is bearish and 2016 could offer a period of consolidation
  • We cannot rule out a new low in Silver in 2016

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