The “Other” Precious Metal Is on the Brink of a Bounce

There’s a potentially explosive setup taking place. [Jeff Clark's Market Minute]( The “Other” Precious Metal Is on the Brink of a Bounce By Imre Gams, analyst, Market Minute When investors think of precious metals, it’s usually gold that comes to mind. That’s why I often refer to silver as the “other” precious metal. And while gold is the one grabbing all the headlines, I’m more interested in a potentially explosive move in silver right now… Recommended Link [Billionaire Mark Cuban Shifts 80% of New Wealth Into ONE Odd Investment…]( [image]( Teeka Tiwari, who picked Bitcoin for 15,086% … Amazon before it rocketed over 5,000%… and Apple for 39,823%… Says… [“An odd new technology is set to mint over 100,000 NEW millionaires in America…”]( - And it’s 31,180x BIGGER Than NFTs… - 380x BIGGER Than Crypto… - 72x BIGGER Than The World’s Top 10 Tech Stocks…. Shark Tank Star Mark Cuban also says, [“This Is Like The Early Internet Days All Over Again… The Holy Grail”]( [Click Here For The Full Story.]( -- Let’s look at the silver futures chart… [chart] [(Click here to expand image)]( From its March high of $26.16 (red arrow), silver has dropped almost 20% and is currently trading at $21. That’s a big move and there hasn’t been much of a bounce along the way. But now, silver is trading into significant technical support and the potential for a large bounce is building up. There are two indicators on the price chart that suggest silver’s downtrend slide is ending soon. First, are the [Bollinger Bands]( (blue line). They’re a great tool to identify an overextended market. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. The upper and lower bands contain most of a market’s price action, and prices tend to bounce off those outer bands. Now, prices are tagging the lower band… setting the stage for a potential reversal. The second indicator is the 200-period [moving average]( (MA) that’s currently at $20.26. It’s possible the market will test this MA. But its proximity to the lower Bollinger Band suggests there’ll be a lot of support for silver immediately below. A good initial sign that the bounce has started will be if prices can close back above the lower band. [Will You Be Left Behind?]( Remember, this chart is on a weekly timeframe. So, I’ll be waiting until the end of the week to see if silver can close back above that lower Bollinger Band. If it doesn’t, then there’s simply no trade to take and I’ll wait to see if we test the 200-period MA lower down. Happy trading, Imre Gams Analyst, Market Minute Reader Mailbag Do you think we’ll see a price reversal in silver by the end of this week? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. In Case You Missed It… [New Cash Law Will Be Disaster for Savers]( New law has expert warning seniors and retirees to beware. There’s a darker truth behind this political event… [Read The Full Story Here.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Ultimate Guide to Taking Back Your Privacy]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [The Gold Investor’s Guide]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2022 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](