Silver Prices

I know that many people have been watching and thinking that the price of silver is going to fly up and away as the photo would indicate from (Pixabay.)
But the silver bird is still hobbled on or near the ground. The ability or will to make the silver bird fly hasn't showed up yet.
But, friends. Have patience. Those who do will be rewarded well I think.

Let us look at some silver charts to see if we can see anything interesting or maybe some indication of higher prices.
First chart below is the daily futures chart. Daniels Trading Charts are shown in this post.
It is the Dec contract showing. 5000 ounces per contract.

Not showing on the chart is 12 month period of measurement. I will write it for you.
High--$19.20 Nov 9 2016
Low--$14.44 July 7 2017
So you can see a nearly $5 dollar range of silver price in the 12 month period or less.

What troubles me is the thought that most high and lows prices are nearly always tested.
Will that happen here? We shall see in the coming days, weeks, and months.

Next is the hourly chart.

While I am not a hourly chart trader. If I was. I would be hesitant to take the buy side of the price. Just saying.
It would be tough to see any long term up price movement. For me at least. I would need to see something more than what I can see. Of course I could be wrong. I am from time to time you know. Ha

Finally we have a tick chart below. I put it up as a 10 tick range chart. It is easier for me to look at. I like tick range charts.
It has two CFRN indicators showing on this chart. You can clearly see them as indicated below.

Again, it is hard for me to see anything encouraging for those that are looking for upward price movement.
Remember though. I am not a silver futures trader. So I have no experience at all for price movement in silver.
Do not take what I write and show as being anything more that what a gambler would say.
But, I will write some words below of what I have heard and somewhat trust.

(Pixabay)
I am of the opinion that silver is something that nearly everyone should have.
Even a few coins of silver would be good. But, each of you has to make decisions for yourself.
I am not an adviser for anyone nor should I be for you. I am a rank amateur at best.
Certainly not one to seek for any investment advise.

Cycles are a fact of life. We see them in nature. Even the celestial bodies move as can be seen in the sky.
So does the markets cycle over the years. At least that is the theory of the "cycle analysts."

If some of the "cycle analysts" such as Charles Nenner thinks that gold will start to move up in
price around March 2018. Then I will put some trust in that.
You can find his outlook on gold and silver below at the Greg Hunter interview with him.

https://usawatchdog.com/get-totally-out-of-stocks-deflation-coming-charles-nenner/

Friends. Do not despair. Just prepare. Do your due diligence. Get a professional adviser too if you need to.

That ends my short look at silver futures for you. I hope you have learned something that is interesting for you.

Thank you for visiting my Steemit blog. I try to put interesting content in my posts.

Francis