Silver Prices Expected to Turn Up Soon

Yesterday, I saw a short vision in which I was seated at a table, which was set for dinner with a white plate of food in front of me. Then a black and white cat came walking up to my plate on the table. When he got close, he turned his head to look around before starting to eat. That was the end of the vision.

Since cats are bullish symbols and white often represents silver, the white metal, I believe this shows silver prices are about to move up higher. Jim Reeve, author of the Handbook of Prophetic Trading, helped interpret this vision by explaining the significance of the cat walking on the table. Since table tops are between the floor and the ceiling, the coming move up in silver prices will start somewhere between the lower support level and the upper resistance level. Since the long term support level is around $15.00 and the current price is about $16.00, we might be close to the turning point today. He also identified the black color on the cat might be a reference to a short term bullish move in oil prices.

I am interpreting this to mean a bullish move in silver is very close. I closed my short position today and opened a long position.

I was not shown any prices, so I can only speculate about the size of this move up. Spot silver prices dropped from $17.22 on December 14 to $15.88 yesterday, which is a drop of $1.34. Historical patterns show prices often retrace about 62% of previous moves. If that pattern repeats here, silver would move up by 83 cents to about $16.71.

Other prophetic insights show a second leg down is coming after this bounce, which might take the price down to the $15.00 support level.

Unless otherwise specified, all prices shown are spot silver per ounce. The information shared here relies on interpretations that might not be accurate. It is provided only as a starting point for prayerful consideration and not as a recommendation for investing.

James Bailey

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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David
David
Member
December 16, 2016 11:05 am

Economies.com These guys are pretty much right on.

Support is Silver breaks the support – Analysis – 16-12-20162016-12-16 05:04:53 GMT (Economies.com)

inShare
Silver breaks the support – Analysis – 16-12-2016
Silver price suffered sharp losses yesterday after confirming breaking 16.56 level, which puts the price under negative pressure that we expect to push trading towards 15.49 level as a next main station, especially that the EMA50 forms negative pressure against the intraday trading.

Therefore, the bearish bias will be suggested in the upcoming sessions unless the price managed to breach 16.56 level and hold above it, noting that stochastic current positivity might push the price to achieve some gains and retest the mentioned level before turning back to decline.

Expected trading range for today is between 16.30 support and 15.49 resistance.

Trend for today: Bearish

Jenny
Jenny
Member
December 17, 2016 9:23 am

Your silver guidance has been excellent James. I am following really closely!

I had a dream of a F1 race in Paris. It ended in total carnage, cars crashing everywhere. Not sure what it means.

Mrs. Morton
Mrs. Morton
Member
December 16, 2016 8:02 pm

I wonder what the cat turning back means…could it mean on the bullish move up there could be a turning back down briefly before resuming? Or other thoughts?

Stirred-not-shaken
Stirred-not-shaken
Member
December 17, 2016 12:22 am

MM, these shorter term visions are tricky sometimes because it’s hard to tell if there is going to be some more down action before the cat arrives. We blew through $16.23 which i thought was a turn point, so maybe that means the $15 that James saw is in fact the turn point for the cat to arrive…… or the $15 might be a bottom for later, and the turn for this move up is somewhere north of $15. I wouldn’t be too surprised if we saw one more solid downward surge before the turn. SNS

Mrs. Morton
Mrs. Morton
Member
December 16, 2016 8:08 pm

Never mind I seem to read through too quickly and now see the cat looked around not back.

Danielle Patton
Danielle Patton
Member
December 16, 2016 5:54 pm

I love your vision

Todd Henderson
Member
December 16, 2016 10:55 am

James. any idea what might occur after it hits the baseline of $15.00? Do you something crazy or business as usual? Up and down… up and down. Just curious because of knowing that $15 is very meaningful to what I received.

Jon Bauman
Jon Bauman
Member
December 16, 2016 5:39 pm

Actually if you look at a longer term chart silver has more support at the 14 dollar mark than the 15 and with silver always being so volatile anything can happen and usually does but if someone saw 15 as a bottom then we will stay with that

Jon Bauman
Jon Bauman
Member
December 16, 2016 5:41 pm

I did not buy my silver stocks today as it was not below 16 which I am waiting for and usually on Fridays the PM markets are down

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