Silver Futures Index $SILVER (SILVER)

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ALERT >>> Silver for the close of March
By: Marty Armstrong | March 26, 2018

Silver had elected two Quarterly Bearish Reversals from the major high in 2011 and stopped also on the third leaving 1315 as the MAJOR support in this market. Obviously, a quarterly closing beneath that level will allow a test of the $10 level. But the lowest quarterly closing was $13.80 and believe it or not, the actual low for silver was $13.62 which is the major number on the upside in gold $1361.40. Most curious.

The important number on the upside is $18.90. A monthly and quarterly closing above this number will signal that we are start to move to the upside to test the major numbers at $21.63 and $23.10. The equivalent to the breakout number of significant is $21.63.

The support for the close of March lies at $15.90. A closing beneath that would be bearish.

We are publishing the 2018 Precious Metals Reports in April after the first quarter closing. We are starting the Monetary Crisis Cycle this year which will start to heat up from May onward. Because of this significance we have produced this in two separate report covering gold and silver providing guidance for these metals in all major currencies so you can easily see the Monetary Crisis and how it is unfolding.

Providing a global perspective in a variety of currencies provides a glimpse of how the currencies differ greatly. This reflects the hedge value the metals have against their respective currencies and the governments behind them. Some countries should be buyers based upon their currencies while in others we are not there yet.

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