Happy Independence Day - 4th of July

Bullion just a click away! SilverGoldBull.com
SilverGoldBull - Customer Reviews - 4.9 stars



Where's Silver Going?

The Free Bullion Investment Guide's 'Review and Outlook' for the Silver; it covers from 05/18 thru 06/02/2018



Originally Posted on 5/27/2018 @ 4:23 pm EDT

Re-posted on 5/28/2016 @ 2:07 pm EDT

by Steven Warrenfeltz



Subscribe to this Blog

 Subscribe by RSS Feed




Hello,

Thank you for visiting the Free-Bullion-Investment-Guide, every visit you make is greatly appreciated.

Before we get to this Review & Outlook, below are some of the Best Bullion Market-Related News articles that were taken from this guide's home page, over the last few weeks.


best news
Gold: What the 'King Dollar Gives... - Bullion Vault


The Gamble: If Gold Won’t Go Up, Push the Dollar Down - Dean Acheson thought Roosevelt’s plan in 1933 was a “sham.” Part three of “American Default.” - Bloomberg


Federal Reserve Nominee Wants To Take Your Cash And Track How You Spend - The Federalist


EU Banks Remain Massive Problem - Advancing Time


AUDIO: Eric Cinnamond On ‘The Rapidly Increasing Inflationary Environment’ - The Felder Report


Best of the Week for
Gold NanoParticle Cancer Research


Lasering in on Retinoblastoma - Advanced Science News


Researcher develops nanoparticle-based tags to detect viruses and cancer with high sensitivity - News Medical






2018 - May 27 - Where's Silver Going - Title Graphic




Usually this guide publishes a 'Review and Outlook' for Silver, Gold and the U.S. Dollar, however, last week, silver was the only asset that broke and confirmed its trading pattern.

Now, two technical patterns are in silver's short-term trading charts; please continue to move down this post to see what they are and where silver may be going in its future.

Refer to last week's blog post titled 'Silver and Gold are getting Squeezed' for analysis on the U.S. Dollar and Gold's expected technical trading movements.






Review & Outlook
Layout


The order of the asset analysis below:

  • Silver

Each asset below has three sections.

  1. In the 'review' section, a copy of the previous outlook for that asset is posted.
  2. Next, you'll find a 'review - continued' section where there is a brief review of how accurate the previous outlook was.
  3. Finally, you will find an 'outlook for the week ahead' for each of the assets below.




All the charts on this blog are Daily Charts unless noted otherwise.






SILVER

In Review

In last week's blog post titled: 'Silver and Gold are Getting Squeezed,'  the chart and commentary below were posted for silver's outlook.

In the silver outlook chart below, you can see that it has formed a positive 'Falling Wedge' pattern.

As to when it will be confirmed is anyone's guess, but there are a few things to keep your eye on.

First, as you can see, the 'Long-Term Rising Trend-line' is in the 'Falling Wedge' pattern, if silver falls below that line, it won't be a good sign for silver's future, even if it confirms the 'Falling Wedge pattern.

But, we'll discuss that if it happens, for now, I'm hoping it doesn't.

The other factor to follow is the U.S. dollar's movement because if the dollar continues to rise we can expect silver to continue to move around and get squeezed inside this 'Falling Wedge' pattern.

So, even though the 'Falling Wedge' is a good pattern for silver to be in, there are some 'negatives' it needs to avoid for its future to be bright.

For the week to come, silver looks like it may continue to move sideways, but if market fundamentals turn negative for the dollar it may confirm the positive wedge sooner rather than later, time will tell.


silver price chart

Silver - In Review - continued

In the 'Silver - Review Chart' below, you can see that silver did move mostly sideways last week.

However, silver broke to the upside when market fundamentals turned negative for the dollar after the President announced that the summit with North Korea would be called off, which caused silver to break the positive wedge pattern.


Silver Price Chart

Silver - Outlook

As mentioned in the introduction, silver now has two technical patterns in its short-term trading chart, and as the 'title graphic' implies one is negative, the other is positive.

Silver Outlook Chart #1

The first outlook chart looks a lot like last week's outlook chart.

Even though the 'Falling Wedge' was broken, last week, it can still be drawn, which means that it is still relevant.


Silver Price Chart

Silver Outlook Chart #2

The other pattern that has formed in silver's short-term trading chart is a negative 'Rising Expanding Wedge' pattern.

Continue to the next chart, below, to see the full outlook.


Silver Price Chart


Silver - Outlook

Silver Outlook Chart #3

In Silver's final outlook chart below, both of the technical patterns are shown in the chart.

For the week to come, we are simply at the whim of the Fundamentals in the news.

Yesterday (5/26), we heard that North Korea, South Korea, and U.S. official met to talk about the future of talks and it sounds like that the summit between Kim Jong Un and President Trump may be back on schedule.

05/26/2018: U.S., North Korean officials meet for talks on summit - Reuters

This is good news for the U.S. Dollar, which may be bad for silver.

But, silver isn't only a safe haven, it is also an industrial metal, so it could be a positive or a negative for the precious metal.

There are other variables at play this week to pay attention to for silver's future market.

First, on Thursday (5/31) the U.S. 'Core Inflation' report will be released, and I don't know if you've bought gas or groceries lately but, in case if you haven't, prices are on the rise.

Secondly, the U.S. Jobs Report is expected to be released on Friday (6/01), which depending on whether it is bad or good will give market players an idea as to how the Fed will move at its June Meeting (06/12-13/2018).

So, with all these fundamental variables in play this week, it's very hard to say how silver will move in the week to come.

However, if I were just looking at the chart and had no knowledge of what's going on in the World, it looks like silver will break and confirm the negative 'Rising Expanding Wedge' pattern before it breaks and confirms the positive Falling Wedge pattern again, but time will be the ultimate judge of what happens.

I hope you have a Safe and Happy Memorial Day! SW


silver price chart

Charts provided courtesy of TradingView.com





Silver's Price Resistance &
Support Levels


Silver's Resistance Levels

$17.50

$17.00


Silver's Support Levels

$16.10

$16.00







Thank You for Your Time.

Have a Great Week and God Bless,

Steve







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



Thank You for Your Time!



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.






Return from this Guide's Latest Blog Post

and Visit the Homepage






Please Donate to
Support this Guide

& Paypal

Thank You for
Your Support







Free Bullion Investment Guide







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


Search - Magnify Glass







Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.
14th Anniversary - Free Bullion Investment Guide

Affiliate Links - Disclosure


Walmart





Donate to
Keep this Guide Online

& Paypal

Thank You for
Your Support




Free Bullion Investment Guide

follow us in feedly
with Feedly



search

   Search the Guide

search engine by freefind advanced




recent guide updates

Daily

Bullion News on the Homepage



June 2025

Newsletter




2024 & 2025
Jerusalem of Gold Bullion 
Coin
photos
(bottom of page)

2024 1oz. Jerusalem of Gold bullion coin (The National Library of Israel) Obverse side
2025 1oz. Jerusalem of Gold bullion coin (The Hebrew University of Jerusalem) Obverse side



Gold Buying Guide

Gold Buying Guide



Mintages
for

2024
Gold & Silver Mexican Libertad

Gold Libertads

2024 - 1oz Mexican Gold Libertad Bullion Coin - Reverse side

Silver Libertads

1oz. Mexican Silver Libertad Bullion Coin - Reverse side



Chinese Gold Coin Group Co.
& Chinese Bullion

Chinese Bullion page



PAMP

Refiner page

PAMP Gold



Heraeus Refiner page

Heraeus



Johnson Matthey Refiner page

Johnson Matthey



Engelhard Refiner page

Silver Engelhard Round





Archangel Raphael
~
The Angel of Healing

Archangel Raphael ~ The Angel of Healing



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!



June's

Best News

The Spiritual Battle Between Communism and Capitalism - The Daily Economy

Report: Gold Surpasses Euro, Challenges Dollar Dominance in Global Reserves - Oil Price

Is Bitcoin a Safe Haven Amid Geopolitical Unrest? - The Bubble Bubble Report (Substack)

Report: Central Bank Gold Reserves Survey 2025 - World Gold Council

Diversification Remains Golden - UBS

Gold Consolidates- Why is Gold’s Role in the World Financial System Rising? - barchart

Podcast: Market Outlook: Gold, Silver, Uranium — and Why We’re Bullish on Platinum - GOEHRING & ROZENCWAJG

Daniel Lacalle: Only Bitcoin and Gold Can Stop Governments from Destroying the Currency - Hedgeye

The Best Way to Judge when to Buy Silver - Daily Wealth

Video: DoubleLine Group CEO Jeffrey Gundlach talks about the price of gold, fixed income, private credit, President Donald Trump's tax bill, Federal Reserve monetary policy - Bloomberg

A Massive Copper, Gold, and Silver Deposit Discovered by Geologists: The Largest Mineral Deposit in 30 Years - Daily Galaxy (msn)

(.pdf) Report: World Silver Survey 2025 -The Silver Institute

Soaring gold price sees more people ‘clear out’ jewellery boxes, Ramsdens says - The Standard (U.K.)

Why I’m Bullish on Platinum: A Comprehensive Report - The Bubble Bubble Report

Understanding the Scope of Counterfeiting Bullion: The Silent Risk: Counterfeiting in Precious Metals - The Alchemist (LBMA)

Is The Silver Bull Finally Here? - Zero Hedge

Only Bitcoin and Gold Can Stop Governments from Destroying the Currency - Quoth the Raven

(.pdf) Report: In Gold We Trust, Monthly Gold Compass - June 2025 - incrementum

Gold: A New Regulatory Asset Class Under Basel III? - finews first

The World Is Quietly Running Out of Platinum - Daily Wealth

Canada approves law to fast-track resource projects, faces Indigenous opposition - Mining Weekly

Podcast: Unearthed: May Gold Market Trends – ETFs, Retail Divergence & Central Bank Demand - World Gold Council

Orwell's classic gets "Big Brother" Treatment - The Sunday Telegraph (Press Reader)

10 Essential Security Tips for Shipping Precious Metals, Preventing Package Theft and Damage by Upstate Coin and Gold - CoinWorld

Has the Great Commodity Bull Market Quietly Begun? - GOEHRING & ROZENCWAJG

Is Chinese President Xi Jinping on his way out? - NEW YORK POST

Gold Nanoparticle Cancer Research

Sona Announces Ethics Committee Approval For Melanoma Clinical Trial - Yahoo Finance

Sona Engages Clinical Trial Clinic for First-in-Human Early Feasibility Study of its THT Cancer Therapy - Sona NanoTech

Beyond the Glitter: Gold Nanoparticles as Powerful Weapons Against Multi-Drug Resistant Pathogens - Frontiers

Revolutionary One-Step Nanoparticle Synthesis Boosts Photothermal Cancer Therapy - DevDiscourse


All Articles were Originally Posted on the Homepage






Gold per Troy Oz. (ozt.)


Silver per Troy Oz. (ozt.)