Silver is Going Higher


Posted on 3/21/2024

by Steven Warrenfeltz




SILVER

In January, this large multi-year Pennant pattern took shape in Silver's price chart. 

Over the last few weeks, silver's been flirting with the upper trend-line of the pattern, threatening to break it, and it finally happened, yesterday.

Bullish Pennant Pattern

After the Federal Reserve announced they were not cutting interest rates and keeping them at 5.33%, silver's price broke the Pennant Pattern to the upside, which is a positive sign for the price of silver.

The Federal Reserve mentioned that they still expect to have three rate cuts this year, which is unlikely unless we see a downturn in the markets because, if you've been to the grocery store lately, inflation looks to be staying above 3%.

Yesterday, when silver broke the pennant to the upside, it confirmed the bullish pennant, meaning silver is going higher.

Charts provided courtesy of TradingView.com

Looking forward, silver will have some pullback after breaking this level, but we will likely see it flirting with $30.00 in the weeks and months to come, if not sooner.

Charts provided courtesy of TradingView.com


Silver's Price Resistance Levels

$30.00

$28.40

$27.00

$26.20

Silver's Price Support Levels

$20.70

$19.85

$17.50


Thank You for Your Time.

Take Care & God Bless,

Steve



'Click Here' see all of the prior Blog posts,





Other pages, on this Guide, that you
may like...













SD Bullion

Bretton Woods

Establishing the Gold Standard of the

20th Century

Bretton Woods



Johnson Matthey

Bullion Refiner

Johnson Matthey

SilverGoldBull




Walmart












Home Page

FBIG - Home Page Screenshot

with Bullion Market News







Express Cash Gold - Horizontal Ad - Sell Your Gold Today
Click this Ad to Request a Free Appraisal Kit
ExpressGoldCash - 4.9 star - Customer Reviews



Investment/Information Disclaimer:

All content provided by the Free-Bullion-Investment-Guide.com is for informational purposes only.  The comments on this blog should not be construed in any manner whatsoever as recommendations to buy or sell any asset(s) or any other financial instrument at any time.  The Free-Bullion-Investment-Guide.com is not liable for any losses, injuries, or damages from the display or use of this information. These terms and conditions of use are subject to change at anytime and without notice.






For Bullion Market News...


Visit   the   Homepage





Free Bullion Investment Guide







Free-Bullion-Investment-Guide "Search"
search engine by freefind advanced


Search - Magnify Glass






Free Bullion Investment Guide



Affiliate Links - Disclosure


Buy American Silver Eagle Coins



Donate through
PayPal or Credit Card


Thank You for
Your Support





Free Bullion Investment Guide



search

   Search the Guide

search engine by freefind advanced




recent guide updates

Daily

Bullion News on the Homepage



November 2024

Newsletter




Re-written

Gold Buying Guide

Gold Buying Guide



2023

Austrian Philharmonic Silver bullion coin

Mintage Figures




2023

Gold Austrian Philharmonic bullion coin

Mintage Figures




2023

Austrian Philharmonic Platinum bullion coin

Mintage Figures




Re-written

The Royal Mint &
United Kingdom Bullion Coins

Royal Mint - The Original Maker



Updated

Numismatic & Bullion Auctions page

Auctions page - Going, Going...



Updated

Gold Sovereigns

2024 Full Gold Sovereign - King Charles
2024 Full Gold Sovereign - King Charles - reverse side





Archangel Raphael
~
The Angel of Healing

ArchAngel Raphael - 05



Cancer Awareness Information & Resources

Cancer Awareness Month Ribbon with FBIG Gold-Nano Logo



Help Us Expand our Audience by forwarding our link

www.free-bullion-investment-guide.com.

Thank You!



November

Best News

Royal Canadian Mint revenue hits $252.7m in Q3 despite bullion slump - BPM

Graphic: Visualizing the Price of Bitcoin vs. Gold Over Time - Visual Capitalist

At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - Hubert Moolman

Video: Why is Gold Still Undervalued - The New Gold Playbook - Precious Metals Summit Zurich 2004

China Discovers Massive Gold Reserves in Hunan - Greek Reporter

Fake Bullion: Sound Test: How to Detect Real & Fake Gold Maple Leaf bullion coins - Sound Money Metals (YouTube)

Crypto vs. Gold - The Gold Report

Video: Goldman's Dart Says Gold Could Hit $3,000 an Ounce Next Year - Bloomberg TV

Graphic: Visualizing the Gold-to-Silver Ratio Since 1869 - Visual Capitalist

Silver Global Industrial Demand on Track for a New Record High in 2024 - The silver market is set to see a sizeable structural deficit for the fourth consecutive year - The Silver Institute

Video: Will Rising Global Debt Boost Gold? - Bloomberg/CMEgroup

Why Austrian Business Cycle Theory Is Better than Keynesianism - The Cobden Centre

Top 5 Palladium and Platinum Countries by Production - Investing News

Video: Yvonne Blaszczyk of BMG Group: Global Gold Rush is On — BRICS Takeaways,
US Election Impact
 - Investing News Network (INN)

Gold Nanoparticle Cancer Research

Tiny Gold Radiators Fry Bacteria on Implants - AZOnano

Gold Outshines Platinum in Cancer Fight - Science Blog

The gold standard: Researchers enhance cardiology imaging by using gold nanoparticles - PHYS.org


All Articles were Originally Posted on the Homepage