Silver Futures Index $SILVER (SILVER)

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A Quick Look at Silver
By: Tim Taschler | October 9, 2019

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I don’t trade silver too often, but I do watch it as it is an important component of the precious metal complex.

One thing I’ve noticed is that when silver gets outside of the Bollinger Bands on a monthly chart - especially when it is above the upper band - a correction occurs. There isn’t any “tell” as to how big the correction will be or how long it will last, but, for me, there is a warning to be careful. The chart below is a monthly chart (courtesy of StockCharts.com, 10/9/19) starting in 1980; you can judge for yourself whether trading above the upper Bollinger Band is meaningful.



Questions and comments are always welcome: [e-mail].

Tim Taschler, CMT

Sprott USA

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