Gold, Oil & Indices (Equity & Bond Indices)

have not watched silver but at first glance it seems like we are at the end of correction wave c after a five wave down witch is a big tech level 17.4050 might be retested but trend line support comes in at 18.10 good short in my humble opinion

my limit order is at 1115 that is the target for the next two days then will renter about 1125

asad: silver and gold are both finite supply materials. Almost all mined gold ends up as jewelry and investment. Most of the silver on the other hand ends up being consumed by industries and there is less silver than gold for actual investment purposes. Unless we find a way how to effectively recycle the silver or supplement it in the wide range of industries (electronics, medicine, chemistry, clothing, to name a few) with say nanotechnologies, there will be increasing demand for it and it will become more and more scarce. The world silver production seems peaked few years ago according to some sources.
There is also the "goldbug" view of gold and silver price suppression by few US banks which reportedly hold massive naked-short positions on Comex and even higher paper gold and silver shorts on the OTC market which could be another reason why put some money into the physical stuf.
In my opinion silver is better long-term investment than gold, not only for it's price. Personally Im holding a part of my investments in physical silver and Im slowly adding to it while enjoying the higher volatility of silver (in comparison with gold) in retail trading

pta

Dear Ashraf ,

Do you see a Head and Shoulder formation on Oil on daily charts ? If yes till where can go down ? Thanks

on the other hand if you look at the aud gold charts we hit the trend line support so we could see a turn soon