Over the past three weeks, I have been sharing my dreams and visions showing silver prices moving higher. After hitting the bottom at $15.17 on July 10, it has been steadily moving up, reaching its’ highest point yesterday at $16.82 before dropping back down to the current price at $16.57.
On July 18 and 19, I started sensing a drop coming, but did not know the timing. I shared a warning in a post on July 20. Then on July 23, I saw more upward movement coming, but also saw it coming to a sudden end, which I shared in a post on July 24. Then on July 26, the picture got clearer when I received another warning about a significant drop coming, causing silver prices to fall into a pit.
So, now the big question is where is the top; how high does it go before it starts dropping? At the start of my prayer time yesterday, I asked God that question. Later, I saw a short vision of a line graph of silver prices moving higher and crossing a little above a horizontal line, which marked the next dollar increment. I did not see any numbers, but He allowed me to know the horizontal line was not much higher than the current market price. So, I believe it was at $17.00. Since the price peaked just a little above that, I am expecting the top to be around $17.10.
That price confirms another graph I saw on March 15 2017, which formed a rounded top at $17.10. After reaching the top, it started to slope down just a little, then it did a small up-down gyration within a tight range. Then it arrived at a seal or emblem that I understood was like the finish line or the point which the steep drop would start. So, I believe God has been revealing this upcoming move for months. I have shared glimpses of it in several posts.
The chart below confirms strong resistance at $17.10 and $17.20, which are the approximate locations of the 100-day (yellow line) and 200-day (green line) moving averages. In the first week of June, the price tried to break through those levels, but was not able to stay up there long.
This chart also confirms the bottom could easily be at $14.45 since the second level of support is even lower, $13.40. On the weekly chart, the second level of support is much lower, $9.50.
Forecasting Two Legs Down:
If the chart I saw today is the start of two legs down, the price should drop quickly from $17.10 to $16.16. Then it should bounce, but I was not shown how high. Then the second leg should drop all the way down to $14.45. The total drop would be $2.65.
Amazingly, a similar drop occurred during the late June and early July, but the drop started at $16.92 instead of $17.10. It then dropped to $16.16 where it paused for a couple of days before making a much bigger drop down to $14.34. Also, the second leg of the drop occurred during after-hours trading and dropped down and back up within one minute, a flash crash. It was so close to what I saw, I wondered if that was it, but was disappointed because it was not even tradable for me since I don’t trade futures. Anyway, I stopped watching for it, thinking it was a dud.
After seeing the graph today, I believe the two legs down has not yet been fulfilled, but is about to be soon. I will be watching for the pattern topping at $17.10.
Please note there is always a spread between bid and ask prices. Charts can be configured to show either one, and I was not shown which one I saw. In the past, they have proven to be asking prices, which makes sense because that is what we need to set limit orders. So, I am assuming the same this time.
Charts can also be configured to show different time periods. The slope of lines change depending on the time periods. The graphs I have seen in my visions have not revealed the time periods. A rounded top on a one-minute chart looks like a sharp turn on a daily chart, so it would be a mistake to get hung up on those details.
My assumptions and interpretations of what I have seen could be wrong. This information is shared only as a starting point for prayerful consideration and is not a recommendation for investing.
Author: James Bailey
James Bailey is a blogger, business owner, husband and father of two grown children. In 1982, he surrendered his life to the Lord Jesus Christ. In 2012, he founded Z3news.com to broadcast the message of salvation by reporting end time news before it happens.
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