As a follow up to my previous silver post, I have received more confirmations silver prices are soon moving up.
In my previous post on July 7 2017, I shared several prophetic insights showing silver prices moving higher, including a huge white Rolls Royce, a white jet airplane, and a graph showing a steep drop followed by a steep move up. The price hit a bottom in the cash market on July 10 at about $15.16, which was freaky because the location of the bottom was unknown, but in the past week, prices have recovered about half of the drop that started on June 29.
It is always possible we could see another drop prior to the move up, but everything I am seeing now is up.
- On July 16, I saw a short vision in which I was looking up into the sky gazing at big puffy white clouds floating in a beautiful blue sky. I believe the white clouds represented silver and the blue represented revelation from heaven. Since I was looking up at the clouds, I believe it revealed we will soon be looking at higher silver prices.
- On July 17, I saw a short vision of a blond haired white man in a swimming pool bursting straight up out of the water onto the side of the pool. It was a fast move, so it was somewhat surprising. My interpretation is the water represents the low place where prices have been since last week’s drop, like being financially under water. Men represent buyers and a man moving up confirms upward movement in the price. His white color and blond hair represent silver, the white metal. So it confirms silver prices moving higher.
My interpretation is silver prices are moving up higher from here, but since the visions did not include any dates or prices, it is an incomplete picture. I am relying on the absence of any warnings showing a big move down, combined with confirmations from the following technical analysis.
Technical Analysis:
Technical analysis shows the upside price target is between $1.04 and $2.19 higher than the current market price. Prices often encounter resistance near the 200-day moving average, which is currently at $17.23, so if silver reaches that level it would move up $1.04 higher than the current $16.19 market price. The 100-day moving average is also close to the 200-day, currently at $17.20.
The upper target is based on daily chart pivot points showing resistance at $16.85, $17.50, and $18.38, which is $2.19 higher than the current price. The pivot points are updated monthly.
Another confirmation comes from an article shared by Z3er Richard Braidich.
On Wednesday evening (July 12), NIA predicted that a huge gold short squeeze was imminent. Gold had settled Wednesday at $1,219.10 per oz and NIA highlighted how gold’s managed money short position had just increased to a new 18-month high, together with its managed money net long position falling to a new 17-month low. On the previous two occasions that the managed money category of gold’s commitment of traders report had such a very high short position and extremely low net long position, gold exploded higher afterwards for gains of between $116 and $184 per oz within the following two months! (Source: Newsletter, National Inflation Association)
Even though they’re discussing gold prices, silver almost always moves in the same direction as gold and usually with a greater percentage move.
Another confirmation comes from Bollinger Bands technical analysis, shown in the green area on the daily chart. The current price still has a lot of upside room before reaching the top of the band. The 200-day moving average is shown in green, 100-day in orange, 50-day in purple, and 10-day in pink.
Conclusion:
I have taken a position to capture the move up and planning to hang in there if we see another drop prior to it. As always, this information is provided only for prayerful consideration and is not a recommendation for investing.
Author: James Bailey
James Bailey is an author, business owner, husband and father of two children. His vision is to broadcast the good news of Jesus Christ through blog sites and other media outlets.
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All I know is that at these bargain basement prices…I am accumulating a lot of the physical silver…which will be to my advantage when the stock market crashes.
James, what instrument are u using? USLV or SLV?
SLV call options.
I went long slv calls yesterday.