by Chris Kimble | Aug 24, 2020 | Kimble Charting
Precious metals have been a red-hot investment in 2020. Gold briefly broke $2000 this month, while Silver touched up near $30. But it’s been the rally in Silver prices that has been eye-popping. And perhaps a big reason for the extra momentum we saw this summer in...
by Chris Kimble | Aug 20, 2020 | Kimble Charting
Are Silver Miners (SIL) at an important price point this week? Yes! This chart looks at SIL on a weekly over the past 8-years. When SIL hit the top of this trading range in 2013 and 2016, it failed to breakout, which was followed by a 70%+ decline in price. The...
by Chris Kimble | Aug 14, 2020 | Kimble Charting
Could Silver prices from 30-years ago be influencing price action this month? Joe Friday suggests it is possible. This chart looks at Silver Futures on a monthly basis over the past 40-years. Fibonacci levels were applied to the 1980 highs ($50) and 1991 lows ($.350)...
by Chris Kimble | Aug 6, 2020 | Kimble Charting
Could Silver be creating a multi-decade bullish “Cup & Handle” pattern? Possible! Did a retest of a handle breakout take place in March at (1), where Silver created one of the largest bullish reversals in decades? Possible! Could Silver be creating a...
by Chris Kimble | Jul 27, 2020 | Kimble Charting
Silver is finally waking up from a long bear market and multi-year slumber. Gold kick-started the precious metals rally and finally Silver is following suit… and perhaps even leading. In today’s chart, we can see that the price of Silver is breaking above a 6-year...
by Chris Kimble | Jul 21, 2020 | Kimble Charting
Precious metals continue to out-perform in 2020 as uncertainty rules the day. Gold took the lead early and rallied sharply… and now Silver is following suit. When Silver joins the party, it tends to add “beta” to the rally, similar to the way the stock market likes...
by Chris Kimble | Jul 21, 2020 | Kimble Charting
Its been a long struggle to move higher for Silver Miners ETF (SIL) as it has created a series of lower highs since 2012. Is the long-term trend for this ETF about to change? An important move is taking place of late! This chart from Marketsmith.com reflects that SIL...
by Chris Kimble | May 18, 2020 | Kimble Charting
Silver has been much weaker than Gold over the past 8-years! Is that trend about to change? Possible! This chart looks at the Silver ETF & Gold ETF (SLV/GLD) ratio on a monthly basis over the past 8-years. No doubt the trend for the ratio is lower, as it has...
