Kimble Charting Solutions: Silver Miners Testing Key Support Level – May 16, 2019

May 16, 2019 Bob Weir Industry, Kimble Charts, Mining, Mining - Precious Metals, Technical Pundits

Silver Miners have lost over 50% since the highs back in 2016. Is this large of a decline enough to present a buying opportunity?

No doubt the multi-year trend for SIL remains down at this time. The long-term decline and the decline over the past few months has it testing last years lows again at (1). While testing the lows it finds itself at the apex of a falling wedge pattern at (1). Is a “Double Bottom” being attempted by SIL at the 2018 lows? It is too soon to tell, yet it is possible.

Here is the entire article: … … HERE

About Bob Weir 329 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).

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