Silver Chartbook – The Freedom Through Silver

There are many benefits of owning physical Silver. We mentioned in prior chartbooks various benefits for Silver as a wealth preservation method. Another field of assurance is the protection of your privacy through untraceable transactions. What is mentioned less is the independence from the grid. We got used to the conveniences of the modern world, but imagine a scenario where you simply out of electricity. Just the loss of your smartphone can be a dilemma. A step further being that the dependency on a computer should not have that much power you not being able to purchase groceries or gasoline. The freedom through Silver.

What we mean to say is that in case of hyperinflation where cash renders its value, Gold and Bitcoin might not be enough of a hedge.

Silver, Daily Chart, Last weeks high probability assumption held true:

Silver in US Dollar, daily chart as of December 11th, 2020

Silver in US Dollar, daily chart as of December 11th, 2020

We posted the above daily chart in last week’s Silver chartbook publication. In addition, we guided this anticipated price move manifesting, through our “Silver daily calls” with real-time entries posted in our free Telegram channel.

Silver, Daily Chart, A week later:

Silver in US Dollar, daily chart as of December 17th, 2020

Silver in US Dollar, daily chart as of December 17th, 2020

The market kindly moved as planned. A gentle dip of price shortly after the publication of the chartbook into the extremely low-risk entry zone (support) allowed for core position establishment. Followed by partial profit-taking based on our quad exit strategy to eliminate risk. Allowing (in addition to reload positions) for remainder position size to possibly see higher price levels for further targets.

A conservative method for position building and consistent profit-taking.

Silver, Weekly Chart, Clean chart:

Silver in US Dollar, weekly chart as of December 18th, 2020

Silver in US Dollar, weekly chart as of December 18th, 2020

Stepping away from the noise of smaller time frames and exploring the larger picture, we can see that Silver is trading very clean and precise. As volatile as this instrument is trading on intraday charts it is due to its high liquidity one to be relied on through thorough technical analysis.

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Disclaimer: All published information represents the opinion and analysis of Mr Florian Grummes & his partners, based on data available to him, at the time of writing. Mr. Grummes’s ...

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